$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...
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...
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...
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...
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...
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...