A Guide to Subcontractors About Solar Energy Project Tax Credit Obligations
- Legally Speaking
- February 26, 2024
By Jack Biltis, eBacon The construction industry is notorious for its intricate financial landscape. From fluctuating project timelines and unpredictable material costs to the complexities of tax regulations, navigating the financial waters can feel like a constant battle. However, amidst the challenges lies a powerful resource: the Internal Revenue Service (IRS) Publications. These comprehensive guides
READ MOREBy Travis Klein, Ellin & Tucker THE TAX CUTS and Jobs Act (TCJA) of 2017 marked a significant shift in U.S. tax policy, introducing a range of changes aimed at stimulating economic growth and corporate investment. The landmark legislation included a whole host of provisions and significant changes to existing tax policies, including a corporate
READ MOREWith effective negotiations, preparation, and performance, contractors and subcontractors can ensure they meet owners’ requirements to secure available tax credits for solar energy system construction projects.
READ MOREBy Richard C. Litwin, Esq.; Litwin Law Nonresident contractors and subcontractors planning to enter into and perform construction contracts in Georgia face filing requirements that must be fulfilled before starting the Georgia project. The Nonresident Contractors Act, part of the Georgia Revenue Code and clarified by Georgia Department of Revenue regulations, imposes the filing requirements.
READ MOREBy Patrick Hogan, handle.com Estimated tax payments are a critical aspect of financial planning for any construction company, regardless of its size. Being conscientious about each component of your construction business is essential to ensuring success. Taxes may seem like a mundanity, but this area offers a lot of opportunities for optimization that allow your
READ MOREBy Jon Katz, Billd Taxes. Everyone’s favorite topic, right? Especially for subcontractor business owners familiarizing themselves with construction industry tax minutiae. But, if you master the details you also avoid leaving money on the table. We want you to squeeze every last cent out of your return, so we sat down with a construction industry
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