Team meeting to discuss strategy in a conference room

How to substantiate prevailing wage and apprenticeship to earn the 5X bonus credit

The Inflation Reduction Act (IRA) is not Davis Bacon requirements – there are steps a contractor must take throughout the project, to allow the project owner’s tax preparer to be able to claim the IRA prevailing wage and apprenticeship (PW&A) bonus credit. Watch this on-demand recording for the latest updates on PW&A requirements for projects seeking IRA credits. Our industry specialists also provide an overview of our new PW&A compliance portal.

In addition to satisfying prevailing wage requirements, you must maintain and preserve sufficient records along the way. We’ll show how contractors can easily submit weekly payroll data to generate certified payrolls for compliance and how we evaluate apprenticeship and penalty requirements against certified payrolls to provide dashboard transparency for all project participants.

Key takeaways:
  • The latest updates and guidance related to prevailing wage and apprenticeship
  • An overview of our new PW&A compliance portal
  • Recommend next steps for project owners so they don’t experience an unnecessary credit loss or a loss of their credit altogether
  • Dan Bolinson, Senior Manager
  • Laura Cataldo, Director
  • Bob Hofacker, Senior Manager
  • Cory Wendt, Principal
Advisor meets with client to discuss financial planning

Prevailing wage and apprenticeship bonus credit solutions

The prevailing wage and apprenticeship (PW&A) requirements for projects seeking Inflation Reduction Act (IRA) credits are powerful.  If compliant with PW&A, the base credit is increased five times. Learn more about our prevailing wage and apprenticeship compliance management solution.

Man explores cave overlooking beautiful landscape
Next up

How to maximize Inflation Reduction Act federal funding opportunities