Inflation
Reduction Act (IRA)
Compliance Services
TAX INCENTIVES AVAILABLE TO YOU! DON’T LEAVE MONEY ON THE TABLE!
Make your project smoother, more compliant, and financially rewarding!
(IRA) TAX INCENTIVES AVAILABLE!
ARE YOU READY TO SECURE YOURS?
With our support, we’ll help you meet the wage and apprenticeship requirements of the Inflation Reduction Act (IRA) of 2022, so you can PUT and KEEP more MONEY in YOUR pocket!
Why IRA Compliance Matters to You
The Inflation Reduction Act (IRA) offers big tax incentives for projects that follow specific wage and apprenticeship rules.
Sticking to these rules not only increases your project’s profits but also keeps you in line with federal regulations, protecting your investments.
What You Gain from IRA Compliance:
- Significant Tax Credits: Get access to a 5x tax credit boost by meeting the prevailing wage and apprenticeship standards.
- Penalty Protection: Avoid costly fines through proper recordkeeping and proactive compliance management.
How We Support Your Success
Weekly Management and Project Monitoring:
- Ensuring Contractor Accountability: We make sure all contractors submit their payroll on time and follow apprenticeship rules.
- Compliance Support: We quickly address any compliance issues and help fix them to keep your project running smoothly.
Advanced Compliance Solutions:
- Efficient Payroll and Apprenticeship Tracking: Our systems ensure everyone is paid fairly and on time.
- Consistent Updates: Stay updated with regular reports on your project’s compliance status and potential issues.
Dedicated Support and Training:
- Comprehensive Contractor Training: We provide training to make sure everyone understands and follows IRA requirements.
- Proactive Compliance Monitoring: Our tools identify potential compliance issues early to keep your project on track.
Robust Documentation and Risk Management:
- Audit-Ready Documentation: We prepare detailed records to make audits easy.
- Effective Risk Mitigation: Daily payroll reviews help manage risks and ensure smooth project operations.
Stay Compliant
with New Regulations
On June 18, 2024, the Department of the Treasury and the IRS released a Final Rule on the prevailing wage and apprenticeship provisions of the Inflation Reduction Act. This rule outlines the requirements for getting increased tax credits or deductions for projects that meet wage and apprenticeship standards. It also provides ways to fix initial non-compliance issues.
Key Takeaways from the Final Rule:
- Enhanced Credit Amounts: By meeting the PWA requirements, you can get increased federal tax credits or deductions.
- Compliance Corrections: Procedures are in place to help fix initial non-compliance, ensuring you still qualify for incentives.
- Recordkeeping and Reporting: Keep detailed records and reports to meet federal requirements and secure your credits.
Get Started with a Specialist
Starting an IRA-compliant project doesn’t have to be overwhelming. From initial checks to final documentation for tax credit claims, we guide you through every step.
Comprehensive IRA Project Support:
- During Construction: We ensure your project meets necessary wage and apprenticeship standards.
- Post-Construction: We organize all necessary documentation to support your tax credit claims.
Let’s turn COMPLIANCE into DOLLARS$$$$!
Maximize Your IRA Tax Credits with Xena Management
The IRA is a great opportunity to reduce project costs while meeting new standards. With Xena Management, you get a partner dedicated to your success.
Ready to maximize your IRA benefits? Contact us today to see how our expert services can make your project smoother, more compliant, and financially rewarding.
ADDITIONAL RESOURCES
(IRA) INFLATION REDUCTION ACT: OVERVIEW, RESOURCES, & FAQs
https://www.dol.gov/agencies/whd/IRA
IRS Final Rule: Increased Amounts of Credit or Deduction for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements