Cozby & Company CPAs

06/05/2026

The Massachusetts state hourly minimum wage in 2026 is $15.00.

06/04/2026

In 2026, auto and home insurance rates are still high in reaction to tough market changes from the last few years.

An increase in natural disasters and accidents resulted in more claims. Raising premiums helps insurers balance out losses and keep a struggling insurance industry alive.

Options for lowering your premiums include raising your deductible, checking for discounts, and bundling coverage.

If you’re scratching your head over how high your insurance rates have gotten, I have some answers—and some ways to save!

06/04/2026

Businesses operate to make a profit while hobbies are for pleasure or recreation.

Here are some common questions people should ask themselves when deciding if what they’re doing is a hobby or business. No single thing is the deciding factor:

https://cozbycpa.com/2026/06/03/is-that-activity-just-a-hobby-or-a-business/

06/02/2026

“Few of us ever test our powers of deduction, except when filling out an income tax form.” ~ Laurence J. Peter

06/01/2026

The U.S. Treasury minted the last penny on November 12, 2025. Nevertheless, a penny remains legal tender.

As a result, vendors may be experiencing a penny shortage, and they have begun rounding to the nickel to make change.

This Directive provides guidance to vendors on how to calculate the sales tax on cash transactions where rounding occurs.

This article was published by the MA Department of Revenue. I. Introduction The U.S. Treasury minted the last penny on November 12, 2025. Nevertheless, a penny remains legal tender. As a result, vendors may be experiencing a penny shortage, and they

05/29/2026

The Massachusetts state unemployment new employer rate in 2026 is 2.13% for new employers and 5.45% for construction.

05/28/2026

You don’t have to spend a fortune to take a great trip in 2026—there are plenty of budget-friendly spots in the U.S.

Little things like staying with friends, going to free attractions, packing snacks, booking hotels during the week, and sticking to a budget can help you save a lot of money:

Explore 12 cheapest places to travel in 2026 across the U.S., with free attractions, low-cost activities and practical tips to plan a budget-friendly trip.

05/27/2026

The optional standard mileage rate for business use of automobiles has increased by 2.5 cents in 2026, while the mileage rate for vehicles used for medical purposes has decreased by half a cent, reflecting updated cost data and annual inflation adjustments:

https://cozbycpa.com/2026/05/27/irs-sets-2026-business-standard-mileage-rate-at-72-5-cents-per-mile-up-2-5-cents/

05/26/2026

"Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time." ~ Johann Wolfgang von Goethe

05/25/2026

This Memorial Day, we honor those who paid the ultimate price to protect our freedoms. “All gave some; some gave all.” We are truly grateful for your service and sacrifice.

Click here to watch a moving video: https://youtube.com/shorts/v8iXKZ_UYTQ?si=X1Nr1Ogu_1L9zqm_.