Massachusetts Atv Sales Tax

Rodman & Rodman PC advises consumers to special rules on the weekend sales tax holiday

The Commonwealth of Massachusetts is not collecting sales tax on tangible purchases of $ 2,500 or less that are for personal use. business purchases and purchases carried out by firms to tax.

Rodman and Rodman, PC, Certified Public Accountants and Business Strategists catering to small and medium enterprises companies throughout New England, offers retailers and consumers a quick breakdown of the special rules for weekend duty free:

• business purchases are excluded, which will also any purchase made with a business check or business credit card.
• All services are excluded. Only tangible purchases are eligible. Airline tickets and sporting events that are considered services.
• Motor vehicles (including ATVs and small motorcycles), meals, motor boats, telecommunications, gas, steam, electricity and snuff products are excluded.
• Rental of tangible personal property apply, except for motor vehicles and motor boats, provided the rent is paid in full during the sales tax free weekend. Golf carts are eligible because they are considered motorized vehicles.
• A single item with a price exceeding $ 2,500 will be taxed in full. For example, a TV plasma $ 3,000 will be taxed on the total selling price of $ 3,000.
• When more than one item is purchased at the same time, and each item has a price of $ 2,500 or less, then all items can be rung up on a receipt and all items are tax free.
• Including elements such as software packages which include computer, monitor, keyboard and printer in a single sale price is only exempt tax if the entire package price is less than $ 2,500.
• There is no sales tax on clothing unless the sales price exceeds $ 175. For an article dress than this amount, the $ 175 is deducted from the price and the remaining amount will be taxed.
• Internet purchases are exempt from sales tax, if not exceeding $ 2,500 (and meet other criteria) and are made and paid by August 16 or 17 Eastern Standard Time.
• Prior sales and lay-a-way do not qualify under any circumstances. The sale must be generated during the weekend to count tax-free.
• Special order items such as furniture are eligible if they are ordered and paid in full on weekend sales tax and the cost of each item is $ 2,500 or less, even if delivery is made at a later date.

For more information, visit the Department of Revenue Massachusetts www.mass.gov or tax issues, contact Rodman & Rodman, PC at (617) 965-5959.

Rodman & Rodman, PC

Founded in 1961, Rodman & Rodman, PC provides accounting, tax and business services to small and medium sized companies throughout New England. With a focus on strategic planning, Rodman & Rodman goes beyond accounting services traditional and has a dynamic approach when serving clients to increase, preserve and maintain the value of net financial clients.

From business valuations, taxation, auditing, fraud detection and prevention services and succession planning to a variety of accounting services IT, including software selection, implementation and training, the team at Rodman and Rodman serves as comprehensive advisors to clients. For individual customers the company offers personal advisory services such as planning for real estate transactions, obtaining financing, estate planning and retirement planning and planning for college. Rodman & Rodman Certified Public Accountants are located in the Park 3 Newton Executive in Newton, Mass. For more information, visit their website at www.rodmancpa.com or contact Jen Reading at (617) 965-5959.

 

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