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Quarterly News
May | 2022
E.J. Callahan & Associates Updates
EJC Makes BBJ's "The List" for 2nd Consecutive Year
E.J. Callahan & Associates is pleased to share we have ranked #45 on the Boston Business Journal’s list of largest accounting firms in Massachusetts! This is the second consecutive year making the list. A special thank you to our clients, team, friends and family that continue to make this possible.
Events
The EJC team got together to kick off tax season by cheering on the Bruins.
Everyone is Talking about ROTH IRA Conversions - Here's Why

Current market conditions and the possibility of tax increase are two main reasons to consider converting your pre-tax traditional IRA to a Roth IRA. Other considerations include state and local taxes, current vs. retirement tax brackets, legislative risk and cash-flow planning.
Tax Changes and Key Amounts for the 2022 Tax Year

The 2022 tax year will look much different than 2021, and the time to start planning is now. Changes to the child tax credit, tax brackets, capital gains and retirement savings are among the many key amounts that will affect your return.
EJC joins NEBA
Dan Andrews joins the Northeast Builders & Remodelers Association of Massachusetts. The 3-in-1 NEBA, HBRA and NAHB membership provides up to date information on the home building industry regulation changes and initiatives before our legislature.
Congratulations
Congratulations to Rob VanSchalkwyk on his 5-year work anniversary at EJC. Thank you for all that you do for the firm. We are lucky to have you on the team.
Congratulations to Joey Huang for her promotion to Tax Associate. Thank you for all of your hard work and dedication.
Welcome to the Team
The partners at EJC welcomed Ryan Cox as our new winter intern. We are pleased that upon completion of the internship, Ryan accepted a full-time position with EJC post graduation.
Three Ways Live Field Data Improves Job Costing in Construction
To stay competitive, build client trust and safeguard your bottom line, timely and accurate data is key. Construction firms often wait days and weeks to access insights into their daily production and reporting. Labor hours are regularly tracked inconsistently or attributed to the wrong job type, jobsite and projects. Using mobile tracking solutions can give decision makers real-time information to identify issues and correct bad trends.

ABC’s Construction Backlog Up, Contractor Confidence Down in March

ABC produces the Construction Backlog Indicator, the only economic indicator that reflects the amount of work that will be performed by commercial and industrial construction contractors in the months ahead, and the Construction Confidence Index, a diffusion index that signals construction contractors’ expectations for sales, profit margins and staffing levels.