by Michaela OLeary | Sep 25, 2023 | Compliance, COVID19, Employee Retention Credit, ERC, Tax credits
Apparently, the whole country, including the House Ways and Means Committee, wants answers regarding the IRS’s moratorium announcement. The committee published a letter to the IRS Commissioner Daniel Werfel calling out the actions of the IRS in regard to how it has...
by Shawna Coronado | 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...
by Shawna Coronado | Dec 7, 2022 | laws, Tax credits
The Inflation Reduction Act (IRA) was signed into law recently, with guidance issued regarding the prevailing wage and apprenticeship requirements within the legislation. The IRA is set to have a significant impact on the construction industry by incentivizing green...
by Shawna Coronado | 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...