Post Content

Eleven months into the current fiscal year, which ends June 30, it is apparent that consumers are buying less in retail stores and have slowed down their purchase of new cars, but they are still eating out.

Year-to-date revenue collection numbers DOR released this week show that while collections of regular sales tax (retail items) are down $138 million or 5.1 percent from a year ago, and tax collections from the sale of motor vehicles are down $63 million or 13.7 percent from a year ago, meals tax collections of $573 million are just $2 million less than a year ago, down just 0.4 percent.

There has been a lot said about how restaurants have had to revise their menus and pricing to keep customers coming. They are apparently meeting with some success in this tough economy, because the numbers in this case don't lie. The restaurant business appears to be holding up.

To take a look at the complete revenue report for May as well as the year-to-date numbers click here. And feel free to comment with your own observation.

Written By:

Recent Posts

MassTaxConnect for Fiduciary Taxes – Get Started on December 5, 2016! posted on Nov 14

With WebFile for Income Stepping Aside, MassTaxConnect Steps Up MassTaxConnect, the Commonwealth’s new tax revenue system, will be expanding to include fiduciary and other taxes on December 5, 2016. As you may already know, WebFile for Income is now officially closed as we prepare to   …Continue Reading MassTaxConnect for Fiduciary Taxes – Get Started on December 5, 2016!

November 6: WebFiIe for Income Makes Way for MassTaxConnect posted on Nov 4

WebFile for Income says goodbye as MassTaxConnect welcomes more taxpayers In anticipation of MassTaxConnect expanding to include 10 additional tax types, WebFile for Income will say goodbye to users on November 6 at midnight. Save the date – pay bills electronically through November 6 If   …Continue Reading November 6: WebFiIe for Income Makes Way for MassTaxConnect

Form CA-6 is Going Away on October 31: What You Need to Know posted on Nov 1

Amendments and abatements are now separate processes       Form CA-6 is like an old friend and now we have to say goodbye. It was very useful for filing abatements or amending returns. Now those processes will be separated, as they’ve already been for business taxpayers. Hello   …Continue Reading Form CA-6 is Going Away on October 31: What You Need to Know