How Businesses Can Unlock Money From The Inflation Reduction Act
In his latest piece in Forbes, Dave McGuire discusses the Inflation Reduction Act of 2022 (IRA) signed into law by President Biden in August of 2022.
This legislation extended and increased many tax credits and deductions for green energy projects and energy reduction initiatives. Additionally, the law created new credits and concepts, including prevailing wage and apprenticeship requirements. With the dust beginning to settle on the law and updated IRS regulations, it’s a good time to look at how businesses can access the incentives in this law.
David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. McGuire continues to grow McGuire Sponsel’s national presence in cost segregation and depreciation.
He is the primary resource for alliance firms in regards to how tax law affects depreciation. His knowledge in determining asset costs and classifications has held up against IRS scrutiny and has built the firm into a trusted industry resource.