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The Commonwealth of Massachusetts will not be collecting sales tax on the purchase of materials of $ 2,500 or less that are for use staff. Business purchases and purchases made by businesses to tax.

Rodman & Rodman, PC, Certified Public Accountants and business strategists who serve small and medium sized companies throughout New England, offers retailers and consumers a quick breakdown of the special rules for the weekend free of taxes:

• Business purchases are excluded, which also means a purchase made with a business check or business credit card.
• All services are excluded. Only purchases of materials are eligible. Airline tickets and sporting events are considered services.
• Vehicles motor (including all terrain vehicles and small motorcycles), meals, motorized boats, telecommunications, gas, steam, electricity and products snuff are excluded.
• Rental of tangible personal property apply, except motor vehicles and motor boats, while the rental is paid in full during the sales tax free weekend. Golf Carts are eligible vehicles because they are not considered motor.
• A single item with a price exceeding $ 2,500 will be taxed in full. For example, a plasma TV $ 3000 must pay tax on all sales price of $ 3,000.
• When more than one item is purchased at the same time, and each item is priced at $ 2,500 or less, all elements can be a stepping stone to the receipt and all items are tax free.
• Bundled items, such as computer packages including computer, monitor, keyboard and printer in a single sale price is only exempt from tax if the entire package price is less than $ 2,500.
• There's sales tax on clothing unless the sales price exceeds $ 175. For a garment that amount, the $ 175 is deducted price and the remaining amount should be taxed.
• Internet purchases are exempt from sales tax, provided they do not exceed $ 2,500 (and to meet with other criteria) and are made and paid on August 16 or 17 Eastern Standard Time.
• Prior sales and lay-a-ways 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 in the holiday 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 Massachusetts Department of Revenue in target = "_blank"> www.mass.gov or tax questions, 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 companies throughout New England. With a focus on strategic planning, Rodman & Rodman goes beyond traditional accounting services and has a proactive approach to customer service to increase, preserve and maintain the net worth of financial clients.

The valuations of business, taxation, audits, 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 & Rodman serves as comprehensive advice 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 education. Rodman & Rodman Certified Public Accountants are located at 3 Newton Executive Park in Newton, Mass. For more information, visit their website at www.rodmancpa.com Jen or contact with the reading at (617) 965-5959.

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