Mass.gov Blog

The official Blog of the Website of the Commonwealth of Massachusetts

Category Archives: Finance

The Economic Development Incentive Program (EDIP): Helping Massachusetts Businesses Grow Posted on Aug 6

The Economic Development Incentive Program (EDIP): Helping Massachusetts Businesses Grow

Since January, the Economic Development Incentive Program (EDIP) has approved 29 economic development projects creating 1,604 new jobs, retaining 2,481 existing jobs, and leveraging $375.8 million in private investment. This initiative, managed by the Massachusetts Office of Business Development (MOBD) — part of the Executive   …Continue Reading The Economic Development Incentive Program (EDIP): Helping Massachusetts Businesses Grow

Get Your Money Back, Massachusetts! Posted on Mar 27

Get Your Money Back, Massachusetts!

Whether it’s a few dollars in your coat pocket or change in an old piggy bank, everyone loves finding forgotten money. The Commonwealth is currently holding more than $2.4 billion in unclaimed property, and according to the Massachusetts Unclaimed Property Division, under the Office of   …Continue Reading Get Your Money Back, Massachusetts!

What Are Estimated Taxes and Who Must Pay Them? Posted on Feb 19

What Are Estimated Taxes and Who Must Pay Them?

For some workers, tax season doesn’t end on April 15. In fact, that’s the date when it begins. Freelancers, contractors, and any professional who doesn’t have taxes withheld from paychecks may be required to make an estimated tax payment at the end of each quarter   …Continue Reading What Are Estimated Taxes and Who Must Pay Them?

What Is Prescription Advantage? Posted on Feb 4

What Is Prescription Advantage?

Massachusetts residents who are elderly or have disabilities can get supplemental assistance through Prescription Advantage to help pay for prescription drugs without insurance. Prescription Advantage is a prescription drug assistance program run by the Executive Office of Elder Affairs (EOEA). How Can Prescription Advantage Help? Prescription   …Continue Reading What Is Prescription Advantage?

What Is Corporate Excise Tax? Posted on Jan 29

What Is Corporate Excise Tax?

Corporate excise tax applies to all corporations operating in Massachusetts, both foreign and domestic. Due on the 15th day of the third month after the close of the corporation’s fiscal year, corporate excise tax payments can be filed online through WebFile for Business. While electronic   …Continue Reading What Is Corporate Excise Tax?

Get Ready for Tax Season Posted on Jan 20

Get Ready for Tax Season

Tax season is upon us, and that can mean stress for Massachusetts residents and workers who don’t have the documents they need to file returns and payments by the April 15, 2015 deadline. While the Department of Revenue (DOR) encourages online filing of Massachusetts state   …Continue Reading Get Ready for Tax Season

What Is the Motor Vehicle Excise Tax? Posted on Jan 14

Whether your car’s a clunker or an optimally engineered driving machine, it’s subject to the annual Motor Vehicle Excise Tax collected by the assessor’s office in your city or town. Like a property tax, which pays for services in the city or town in which   …Continue Reading What Is the Motor Vehicle Excise Tax?

Sharpen Your Personal Finance Skills at The Money Conference Posted on May 9

Join the Office of Massachusetts State Treasurer and the Massachusetts Financial Literacy Trust Fund on May 17 to learn how to improve your personal finances and become financially empowered. The Money Conference is a free, one-day event to help individuals and families build their financial   …Continue Reading Sharpen Your Personal Finance Skills at The Money Conference

Unclaimed Money and Property – How to Get What’s Yours Posted on Apr 17

Unclaimed Money and Property – How to Get What’s Yours

UPDATE: Check out Mass.gov’s 2015 Unclaimed Property post. If the Commonwealth or a private business owes you money and you do not claim it after three years, then it is considered to be unclaimed property. Currently, the Commonwealth of Massachusetts Treasury is holding more than   …Continue Reading Unclaimed Money and Property – How to Get What’s Yours

11 Steps to Starting a Business in Massachusetts Posted on Feb 18

11 Steps to Starting a Business in Massachusetts

Owning a business is the dream of many Americans and starting that business converts their dream into reality. While it requires patience and lots of hard work, most small business owners are exhilarated by the ability to work for themselves and do something they love.   …Continue Reading 11 Steps to Starting a Business in Massachusetts