Massachusetts Accelerated Sales Tax Payments

Massachusetts Governor Baker signed HB 5164 into law in December 2020 with critical process and timing changes for certain monthly sales and use, room occupancy and meals tax filers which take effect on April 1, 2021.Specifically, filers of these monthly returns whose tax liabilities in the prior calendar year (i.e. 2020) exceed $150,000 must now remit such taxes on a “split” schedule: Tax collected on sales made in the first 21 days of the month to...