Quarterly Newsletter from the team at E.J. Callahan and Associates, LLC
Quarterly News
May | 2020
E.J. Callahan and Associates
We are pleased to announce that the Boston Business Journal has named E.J. Callahan & Associates, LLC to its exclusive 2020 Fast 50 list, which represent the 50 fastest-growing private companies in Massachusetts.
This is the second year our CPA and business advisory firm has been named to the list. We can't thank our clients enough during these turbulent times for their continued business and referrals that helped us achieve this recognition again in 2020.
The Tax Adviser:
How to Take Retroactive 100% Bonus Depreciation on QIP
The IRS issued procedures Friday for how taxpayers can take advantage of the recently enacted technical correction to the rules for qualified improvement property (QIP)
Updates on Tax Law Changes, Reporting, and Policies
New Employer Tax Credits
Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for two new employer tax credits – the Credit for Sick and Family Leave and the Employee Retention Credit.