Tax credits | eBacon

First round of funding for tax credits under IRA

by Jacquelyn Grinder | Feb 23, 2023 | Tax credits

$10 billion in green technology tax credits have been allocated under the Inflation Reduction Act. These fall under Section 48C, which was expanded to include prevailing wage and apprenticeship requirements for those wishing to claim the credits. The IRS and the...

Inflation Reduction Act : New guidance on prevailing wage and apprenticeship rules

by Jacquelyn Grinder | Dec 7, 2022 | laws, Tax credits

The Inflation Reduction Act (IRA) was signed into law this August, with new guidance issued on November 30th regarding the prevailing wage and apprenticeship requirements within the legislation. The IRA is set to have a significant impact on the construction industry...

Employee Retention Tax Credit

by Jacquelyn Grinder | Jan 24, 2022 | ERC, Tax credits

The Employee Retention Credit (ERC) is a tax credit created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The purpose of the tax credit was to help companies survive and keep more employees on the payroll through the pandemic. While the final date...

New Infrastructure Bill funds construction and ends tax credit early

by Jacquelyn Grinder | Nov 16, 2021 | ERC, laws, News

The Infrastructure Investment and Jobs Act was signed into law by President Biden on November 15. Described as a once-in-a-generation investment into the Nation’s infrastructure and ability to compete, it aims to address a wide range of issues. A key component of the...

Employee Retention Credit info for small business

by Jacquelyn Grinder | Sep 27, 2021 | Business tips, ERC

The CARES act created the Employee Retention Credit (ERC) as a way to help companies keep workers employed throughout the pandemic. There have been changes to the law along with some grey areas surrounding how aspects of the ERC are supposed to be applied. While there...

Employee Retention Credit FAQ

by Jacquelyn Grinder | Aug 15, 2021 | ERC, laws, Tax credits

The Employee Retention Credit (ERC) was created under the CARES Act to help companies keep workers on their payroll throughout the pandemic. At the time the law was passed, there was some grey area regarding how parts of the law should be applied. Later in 2021...