With 2025 rapidly coming to a close, it’s important that Taxpayers take some time to think through how they can optimize their tax position for 2025 and beyond. After a few quiet years on the federal side, 2025 brought significant tax legislation in the form of the One Big Beautiful Bill Act. The bill contained significant extenders (tax rates, standard deduction, etc.) that have served to prevent disruption, several fixes to existing tax law (discussed in detail within) and

One Big Beautiful Bill - What You Need to Know

E.J. Callahan & Associates is proud to announce the promotion of a new partner at our firm, Kelly Miranda, marking a significant...

2024 Yead End Tax Planning Letter

A Review of President Trump’s Tax Plans

Beneficial Ownership Information (BOI) Filing

Join EJC's Jeff Rogers  for "Understanding the New Beneficial Ownership Information Reporting Requirement,"  a Live Webinar as part of...

By Jeffrey T. Rogers, CPA, MST | Tax Partner, E.J. Callahan & Associates Many pass-through entities recently placed their 2023 tax returns on extension as a result of a tax bill that is currently in Congress. On January 31st, 2024, the Tax Relief for American Families and Workers Act of 2024 passed through the House of Representatives by a resounding 357-70 vote.   With clear bipartisan support, it seemed just a matter of time before the bill would be passed into law.  Howeve

EJC announces new Partners Jeffrey T. Rogers and Brian E. Moynihan

In honor of Women in Construction Week, we’d like to spotlight Nancy Pacella, Co-Owner and Vice President of Pacella Enterprises, Inc., a...

By Jeff Rogers, CPA, MST | Partner, E.J. Callahan & Associates The "Work Opportunity Tax Credits (WOTC)" is a federal tax credit...

Presented by Jeff Rogers, CPA, MST | Tax Director, E.J. Callahan & Associates During the session, we will discuss recent federal and...

With 2023 drawing to a close, now is the time to think through moves that can be made to reduce the annual tax burden. As has seemingly been the case the last year or two, changes on the state side of the tax law could provide the most opportunity for the 2023 tax year. Massachusetts Act to Improve the Commonwealth's Competitiveness, Affordability, and Equity As was discussed in this article , on October 4th, 2023, significant state tax legislation was passed. Between incre

By Jeffrey T. Rogers, CPA, MST On October 4, 2023, Massachusetts Governor Maura Healy signed a bill into law that is estimated to provide up to $1 billion in annual tax relief to taxpayers in the Commonwealth. Families, businesses, seniors, and renters are all expected to experience some form of savings. Some of the provisions are retroactive to the beginning of 2023 and others do not fully go into effect until 2027.  While changes were made to a vast array of areas within t

Presented by Steven A Zaremba, CPA, MSA | Partner, E.J. Callahan & Associates By implementing the processes, procedures, and tools you...

For many Massachusetts construction contractors, staying compliant with their tax obligations means making quarterly income tax payments and timely filing the annual tax return. They will ensure that there are processes in place to timely process and pay payroll tax liabilities. The tax obligation that often gets overlooked is the sales and use tax requirement. That’s likely due in part to the fact that the state has long operated under the premise that a contractor is cons

Chapter 62F Refunds On November 1st, the Massachusetts Department of Revenue began distributing tax refunds to approximately 3 million taxpayers, both residents and non-residents of the state. In accordance with Chapter 62F, Massachusetts law requires the return of tax revenues received in excess of an annual cap. As such, nearly $3 billion in tax refunds will be issued to taxpayers in proportion to the Massachusetts income tax liability reported on their 2021 income returns

By Jeffrey T. Rogers, CPA, MST By now most taxpayers have likely seen the commercials or heard the advertisement. Question 1 will be on the ballot this November. Alternatively referred to as the “Millionaire’s Tax” or the “Fair Share Amendment", Question 1 seeks to impose an annual 4% state surtax on personal income over $1 million effective January 1, 2023. The estimated $

Have you left money on the table when it comes to the Employee Retention Credit (ERC)? Jeff Rogers revisits the ERC eligibility criteria and