Cherry Bekaert

AUGUST 18, 2023

The Internal Revenue Service (IRS) released Notice 2023-38 , which provides more details around domestic content requirements for taxpayers who qualify for bonus energy credit incentives. The additional tax credits are associated with investments in and the production of clean energy under Sections 45, 45Y, 48 and 48E.

Tax 94

Tax Manufacturing 94

Cherry Bekaert

APRIL 8, 2024

Section 179D Energy-Efficient Commercial Buildings Deduction (section 179D) is an energy tax deduction created to incentivize the adoption of clean solutions in commercial buildings. Since not-for-profits are tax-exempt, they can allocate the energy tax incentive to a taxpaying entity working on the structure renovations.

Tax 52

Tax 52

RogerRossmeisl

JUNE 1, 2021

Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit (the business energy credit) that applies to the acquisition of many types of alternative energy property. If construction began in 2020, the.

Construction 138

Construction income tax CPA Tax 138

Cherry Bekaert

APRIL 4, 2024

Listen to us for an insightful webinar where we explore two key energy tax credits: Section 45X Advanced Manufacturing Production Credit (Section 45X) and Section 48C Advanced Energy Project Credit (Section 48C). Do not miss this chance to stay ahead in the competitive landscape of energy tax credits and incentives.

Manufacturing 52

Manufacturing Tax 52

Cherry Bekaert

AUGUST 29, 2023

As a result of the major changes in the Section 45L tax credit, there are new qualifications that businesses must meet to benefit from the energy tax opportunities. As a result of the major changes in the Section 45L tax credit, there are new qualifications that businesses must meet to benefit from the energy tax opportunities.

Real Estate 86

Real Estate Construction Tax Hospitality 86

ThomsonReuters

MARCH 26, 2024

This development brings significant opportunities for taxpayers to claim increased credit amounts or rates if they meet certain requirements pertaining to energy communities. Additionally, census tracts where a coal mine closed after 1999 or a coal-fired electric generating unit was retired after 2009 are also considered energy communities.

Transportation 52

Transportation Tax accounting and finance accounting firms 52

CPA Practice

JUNE 1, 2023

The IRS and the Treasury Department on Wednesday provided additional information about the application process and technical guidance for the qualifying advanced energy project credit program under section 48C of the Internal Revenue Code, which was re-established last year by the Inflation Reduction Act.

Manufacturing 122

Manufacturing Tax 122

Going Concern

APRIL 18, 2024

She was asked to look at some R&D credit projects for one of our oil industry clients. She was out in the field — observing refineries, studying plans, learning from the engineers who knew their business best — and she was developing energy industry expertise from the ground up.

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audit Texas Technology Legal 107

Cherry Bekaert

NOVEMBER 14, 2023

The discussion below focuses in on tax planning opportunities tailored specifically for the real estate industry: deferring revenue, maximizing deductions, and utilizing available credits and incentives. Section 45L Multifamily and single-family contractors may be eligible to claim the Section 45L Energy-Efficient Home Credit (Section 45L).

Real Estate 109

Real Estate tax planning Construction Tax 109

CPA Practice

APRIL 19, 2024

The courage to work for businesses large and small, without bias, on everything from sustainable energy to cryptocurrency. Forbes said the 200 finalists were selected through a review of more than 1,000 CPAs from a variety of backgrounds, specializations, and locations.

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cpas CPA tax return Management Consulting 85

Cherry Bekaert

NOVEMBER 6, 2023

Company Background An award-winning residential real estate home builder with projects in Georgia and South Carolina was able to take advantage of the Section 45L Energy Efficient Home Credit (Section 45L) to save more than $350,000. The Company, which was founded in 2004, builds unique residential homes focusing on resource conservation.

Real Estate 75

Real Estate Construction South Carolina Tax 75

CPA Practice

APRIL 23, 2024

Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology. Headquartered in Willmar, Minnesota, Christianson PLLP has six offices and more than 80 staff members.

Minnesota 59

Minnesota accounting firms Agriculture Account 59

Cherry Bekaert

FEBRUARY 22, 2024

Dive into the evolving standards of Section 45L Energy Star and Zero Energy Ready Home (ZERH) programs and anticipating changes in 2024. Explore key topics, including the influx of new providers in Section 179D, investment tax credits (ITCs) and production tax credits (PTCs) and how to work with a reputable team.

Tax 52

Tax 52

RogerRossmeisl

OCTOBER 17, 2020

This is Blog Post #907) Tony Seba is the author of “Clean Disruption of Energy and Transportation – How Silicon Valley Will Make Oil, Nuclear, Natural Gas, Coal, Electric Utilities and Conventional Cars Obsolete by 2030” and “Rethinking Transportation 2020-2030” He.

Technology 131

Technology Transportation CPA Finance 131

Cherry Bekaert

FEBRUARY 6, 2023

Stay Connected When the Inflation Reduction Act (IRA) was signed into law in August of 2022, it enhanced a number of energy credits to incentivize companies to move towards clean energy. The 45Q tax credit can be incredibly advantageous to manufacturers who understand how to take advantage of it.

Tax 74

Tax Manufacturing 74

CPA Practice

MARCH 28, 2024

In addition to tax, assurance, and advisory services, Tidwell has a strong presence in real estate, affordable housing, HUD and USDA-rural development compliance, renewable energy projects, and construction. Together, we look forward to achieving greater heights for our clients, staff, industries, and the communities in which we practice.

Real Estate 52

Real Estate Alabama Georgia Ohio 52

Menzies

FEBRUARY 12, 2024

This turbulent landscape has necessitated innovative approaches to ensure the industry’s resilience and sustained success. Staff shortages and retention: The hospitality industry has faced substantial staffing shortages in recent years, the biggest impact brought on by Brexit, the COVID-19 pandemic, and an ageing workforce.

Hospitality 59

Hospitality chartered accountant Government accounting firms 59

TaxConnex

APRIL 12, 2022

Proposed in the same Florida bill are months’-long exemptions on some hurricane-recovery and energy-efficient purchases; one-year exemptions on retail sale of baby and toddler clothing and shoes and the retail sale of children’s diapers; and a three-month exemption on the retail sale of all children’s books.

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South Dakota Sales Tax North Carolina 209

MyIRSRelief

OCTOBER 16, 2023

Industry-Specific Tax Credits Maximizing Your Tax Benefits 1. Residential Energy Efficiency Credits Learn about credits for making energy-efficient improvements to your home. Industry-Specific Tax Credits a. Renewable Energy Credits Discover tax credits available to businesses in the renewable energy sector.

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Tax income tax Education tax return 130

Cherry Bekaert

JANUARY 31, 2024

The Internal Revenue Service (IRS) has recently opened the doors to its Energy Credits Online Portal Registration , marking a significant milestone for electric vehicle (EV) dealers across the country. Seize the Opportunity The opening of the IRS Energy Credits Online Portal for registration is a pivotal moment for EV dealerships nationwide.

Tax 83

Tax Sales 83

Cherry Bekaert

DECEMBER 14, 2023

The Inflation Reduction Act of 2022 (IRA) brought substantial improvements to Section 48 that addresses rules for identifying and claiming an investment tax credit (ITC) for renewable energy and energy storage facilities. Updates to proposed definitions of energy property and a unit of energy property.

Tax 52

Tax accounting and finance Technology Finance 52

CPA Practice

APRIL 19, 2024

Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology. CLA Global Limited is an organization comprised of independent accounting and advisory firms.

Minnesota 52

Minnesota accounting firms Agriculture Account 52

Cherry Bekaert

JUNE 20, 2023

The Inflation Reduction Act (IRA) significantly altered the 45L Energy Efficient Home Credit (45L) credit and the Section 179D Energy Efficient Commercial Buildings Deduction (179D) amounts and qualification criteria, creating more tax-saving opportunities for home builders and multi-family developers constructing energy-efficient homes.

Tax 75

Tax Construction Manufacturing Real Estate 75

Anders CPA

OCTOBER 17, 2023

The end of the Tax Cuts and Jobs Act (TCJA) and the introduction of the Inflation Reduction Act (IRA) have ushered in a new era of tax credits and incentives for the manufacturing industry. Some states have also reinstated state-level R&D tax credits for businesses.

Manufacturing 59

Manufacturing tax planning Tax Non-Profits 59

Cherry Bekaert

FEBRUARY 24, 2023

These requirements aim to create good paying jobs in the clean energy space by offering enhanced tax credits to participating taxpayers. The IRA is critical in providing good paying jobs through offering enhanced tax benefits for a range of clean energy and green energy projects to taxpayers.

Real Estate 75

Real Estate Construction Tax 75

Menzies

FEBRUARY 15, 2024

What percentage of your energy comes from renewable sources? How do you manage your energy consumption and implement efficiency measures? Additional Considerations Industry-specific issues: Larger companies may also ask questions specific to your industry and its associated ESG challenges and opportunities. GRI, SASB)?

chartered accountant 59

chartered accountant Government Education accounting firms 59

CPA Practice

DECEMBER 21, 2023

The firm also released industry-specific tax-planning guides for the following Industries: manufacturing , services , technology , asset management , healthcare , energy and hospitality. Energy credits. The energy cost savings together with the tax benefits can make a compelling case.

tax planning 59

tax planning Tax Real Estate accounting and finance 59

Cherry Bekaert

JULY 25, 2023

The Inflation Reduction Act (IRA) provided two new mechanisms to facilitate the utilization of certain clean energy tax credits that were authorized and expanded by the IRA. This provides a way for the federal government to help fund clean energy projects. The transferor is required to notify the transferee if a recapture event occurs.

Tax 59

Tax income tax tax return Manufacturing 59

CPA Practice

SEPTEMBER 1, 2023

Identified as one of the key industry trends of late, firms that offer specialized accounting services (SAS), combining analytics, business intelligence, and technology-based solutions, are primed for success. But aside from these factors, it’s often a chance to develop an entrepreneurial solution.

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Account accountant accounted Oklahoma 111

Withum

JANUARY 22, 2024

The Challenge EVs and the associated clean energy tax credits have evolved over the past year. This change in business model was directly linked to the significant law changes regarding clean energy credit initiatives included in the Inflation Reduction Act passed in August 2022.

Tax 52

Tax income tax tax return Transportation 52

CPA Practice

APRIL 11, 2023

some state legislatures are considering proposals to restrict the industry over growing concerns about its energy use. Last year, New York became the first state to limit cryptocurrency mining based on energy usage. But industry advocates say their operations could be an asset, rather than a liability, for the electrical grid.

Montana 59

Montana Missouri Oregon Washington 59

Anders CPA

AUGUST 23, 2022

GREEN ENERGY. One of the key objectives of the Inflation Reduction Act is to reshape the energy industry and make green energy obtainable to more people. Under the new provision starting after 2022, there will now be an additional $250,000 credit that will be able to be applied to Medicare payroll taxes.

Tax 98

Tax Real Estate payroll tax payroll 98

CPA Practice

MAY 17, 2023

And while there had been some decline in the ’70s, ’80s, and ’90s, it was really during the first two decades of the millennium that saw a sharp decrease in the industry as a portion of U.S. The reasons are varied and include: The Russia-Ukraine war The Russian invasion of Ukraine has affected energy imports across Europe.

Manufacturing 105

Manufacturing Transportation Tax Sales 105

CPA Practice

MARCH 27, 2024

Other Dallas-Fort Worth names like prominent Walmart stockholder Alice Walton , Koch Industries director Elaine Marshall , Hunt Consolidated chairman Ray Hunt , Energy Transfer Partners CEO Kelcy Warren , Rees-Jones Oil & Minerals owner Trevor Rees-Jones and philanthropists Margot Perot and family were all featured on the list.

Texas 64

Texas Colorado Sports Technology 64

TaxConnex

AUGUST 2, 2022

During that same time in early August, for instance, Virginia will also offer a sales tax break on Energy Star products (up to $2,500), hurricane preparedness items (up to $60) and generators (up to $1,000). Check with the individual states to determine purchase limits and other restrictions. Other categories often qualify for holidays.

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Sales West Virginia Tax South Carolina 130

Menzies

MARCH 6, 2024

However, more focus is needed to drive the link between the education sector and the manufacturing sector to highlight the breadth of opportunity in the sector and to reduce the skills gap, and allow for more collaboration between industry and the sector.

Manufacturing 64

Manufacturing chartered accountant Education accounting firms 64

Accounting Insight

FEBRUARY 5, 2024

Scope 2 Emissions: These involve indirect emissions resulting from the generation of purchased energy. Energy Efficiency Audits: Businesses waste a lot of money and energy heating or cooling offices inefficiently – a Green Alliance report estimated the overall wastage at around £60m annually.

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audit Manufacturing Legal Maine 59