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Retail Impacts of Gov. Baker’s $48.5 Billion Budget Proposal
Gov. Charlie Baker’s FY23 state budget proposal, H.2, a $48.5 billion spending plan that was accompanied by a separate $700 million tax cut proposal (H.4361 & H.4362), is now under consideration by the MA House and Senate.
Unfortunately for sellers, the Governor has again proposed to move the state toward a “Real Time” sales tax collection scheme, or a daily remittance requirement. The Governor has proposed this now for the 6th year in a row. The proposal requires “third party processors (predominantly credit card companies) to remit to the Commonwealth, on a daily basis, the portion of a sale that is attributable to sales tax, with an effective date of July 1, 2025.” This troubling proposal can be found in Section 34 of the budget.
Click here to keep reading.Outdoor Dining & Drinks-to-go Extended to April 2023
Important News Updates from the MA Department of RevenueChanges to Sales & Meals Tax Returns The MA Department of Revenue (DOR) now requires meals tax filers to break down cash sales versus credit card sales. This page on the DOR website details recent changes. DOR is allowing for an estimation to be used on cash versus credit through the June 2022 filing period. RAM continues to argue that this presents an unnecessary burden on our members, and that many may be forced to purchase additional software at an added annual cost, just to supply the DOR with additional data. RAM staff is looking for member feedback on this issue. Call the RAM office or email us at [email protected] if you are willing to share your experiences in trying to comply with these new reporting requirements. New FAQs added on elective pass-through entity excise SJC: Automatic Treble Damages for Wage Act Violations Massachusetts Child Labor Law ReminderAs seasonal businesses begin reopening in the coming months, thousands of jobs are set to be filled by the Commonwealth’s youth. RAM is therefore reminding members to familiarize themselves with the state’s child labor laws.
In Massachusetts, children under 14 may not work, with certain very limited exceptions. All workers ages 14-18 are required to obtain a Youth Employment Permit prior to employment. Employers must keep the original work permit at the child’s workplace as long as the child works there or until the minor reaches age 18. Minors 14 and 15 years of age must have their doctor complete a Physician’s Certificate of Health within the previous 12 months of the date the minor applies for a work permit.
Convictions for employing, inducing, or permitting any minor to work in violation of child labor laws are subject to a criminal fine of $500-$5,000 and/or up to one month in prison for each offense. In addition, civil citations for child labor law violations may be issued in amounts of up to $250 for a first offense, $500 for a second offense, and up to $2,500 for a third and subsequent offense, including up to three years of past violations.
For a complete list of restrictions contained in the law please visit the Attorney General’s website.
RAMHIC Offerings for 2022RAMHIC continues to partner with Blue Cross Blue Shield of Massachusetts to offer members access to the carrier's entire portfolio of high quality, small group health insurance plans. New in 2022, all members purchasing their health insurance coverage through the cooperative will also receive an expanded list of ancillary benefits, provided by RAM free of charge. Please see our brochure for more detail on the expanded 2022 benefit package. Specific information regarding each benefit may be found below:
For more information please visit the RAMHIC page of our website. |