Massachusetts

A millionaire levy in Massachusetts has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state.

States including Florida, New Hampshire, Texas and South Carolina are the main ones attracting clients due to their tax-friendly policies.

Boston-based Top 100 Firm KLR has added Sullivan Bille P.C., based in Andover, Massachusetts.

Boston relies heavily on property tax revenue, making it particularly vulnerable to the nationwide slump in office demand.

If the Massachusetts legislature fails to sign off on a proposal to temporarily raise commercial rates before the end of next month, Mayor Michelle Wu said the city would need a tax increase.

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If the current trend continues, more than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030.

Governor Maura Healey's $4 billion housing bond bill, the state's biggest-ever investment in its residential stock, includes a provision allowing cities to impose a transfer fee of 0.5% to 2% on property sales exceeding $1 million.

Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values.

Zach Donah, the new CEO of the Massachusetts Society of CPAs, has big plans for the organization.

The Massachusetts Society of CPAs hosted the Accounting Careers Exploratory leadership program for 26 high school students in partnership with Suffolk University. 

Mayor Michelle Wu's proposal is the latest example of a city seeking to address the challenges of remote work hitting downtowns and a lack of affordable residences.

A bill in the state seeks to tax rich colleges that favor families of alumni and donors in admissions policies and give the money to poorer community colleges.

The society launched the Amy A. Pitter Presidential Scholarship, to honor the legacy of its president and CEO, who will retire on December 31. 

The state society is giving $175,000 to students from across the state. 

The state lost almost 48,000 people by mid-2022 from two years before, spurring concern about long-term economic growth.

The Massachusetts Society of CPAs introduced a mentorship initiative to grow and diversify the accounting pipeline.

The Massachusetts Society of CPAs introduced a new video series to change the image of the profession.

A panel of judges selected seven female leaders based on their contributions to their firm, clients and community, as well as the accounting profession.

Opponents of the plan filed a lawsuit claiming a state summary of a November ballot question misleads voters.