1 Day
Source:
The Boston Globe
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Mass R&D Tax Change Burdens Small Firms
A Massachusetts business faces over $100,000 in unexpected state taxes due to a policy change that decouples from a federal research and development tax deduction. The delay in implementing the R&D deduction switch, part of the broader One Big Beautiful Bill Act, has resulted in increased taxable income for many small and midsize firms, creating financial strain. This change primarily affects research-intensive industries and smaller companies that may lack the resources to quickly adjust their filings.
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