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Dec 19, 2024
What best practices can Massachusetts businesses implement to accurately calculate and remit sales tax?
Businesses should implement robust accounting systems that automatically apply the correct 6.25% sales tax rate to taxable transactions. Regularly updating tax software and training staff on sales tax regulations ensures accuracy. Maintaining detailed records of all sales and taxes collected facilitates compliance and simplifies audits. Additionally, utilizing the MassTaxConnect portal for timely filing and remittance, and consulting with tax professionals can help businesses stay compliant and avoid penalties.



