One year after the Inflation Reduction Act passed, there is evidence of an increase in construction investments, job creation in certain sectors, and investments in future clean energy projects.
There are a number of steps construction companies can take to help avoid unintended losses resulting from error or outright fraud.
See why your internal accounting processes might be wasting time and money and how easy it can be to digitize your accounting function and make it significantly more efficient.
GAAs offer a strategic solution for real estate developers facing tax implications of building demolition, particularly concerning Section 280B. However, implementation requires careful consideration of timing, rules, and financial analysis.
The Inflation Reduction Act introduced transferable federal energy tax credits, with guidance for implementation released mid-2023. This clarifies the process for transferring energy-related tax credits and aims to promote growth in the clean energy sector.
The DOL's overhaul of the Davis-Bacon Act in October 2023 brings substantial changes to federal construction contractors. These revisions include prevailing wage adjustments, increased contractor liabilities, and apprenticeship mandates.
For the construction industry, the need for contech adoption will continue to increase amid an influx of projects and skilled labor shortage.
Federal interest rates have increased 11 times since March 2022, continuing to add difficulty and complexity for construction and real estate. Proactive cash flow planning can help businesses manage risk in an uncertain market.
During Cybersecurity Awareness Month, construction contractors are reminded of the proactive steps they can take to mitigate digital risk from ransomware and other cyberattacks.
The IRS recently released updated guidance for the 45L Energy Efficient Home Credit. Clarification for key definitions, certification requirements, and recordkeeping has been included in Notice 2023-65.
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