Prevailing Wage & Apprenticeship Bonus Credit Solutions
Get started with our end-to-end prevailing wage and apprenticeship compliance solution to maximize your Inflation Reduction Act tax credits.
Prevailing Wage & Apprenticeship Bonus Credit Solutions
Laura Cataldo
Director
Cory R. Wendt
Principal
Joel M. Laubenstein
Principal
Gideon Gradman
Managing Director
Thomas E. Unke
Principal
The prevailing wage and apprenticeship bonus credit (PW&A) is the most powerful bonus credit under the Inflation Reduction Act (IRA) of 2022. PW&A requires organizations to pay all skilled trade workers the prevailing wage, a combination of hourly pay and benefits, and to use qualified apprentices. Projects that comply with the prevailing wage and apprenticeship requirements are eligible for a 5x enhanced credit.
Is your organization eligible for IRA credits or have you been awarded a 48C credit? Projects that are compliant with prevailing wage and apprenticeship requirements are eligible to earn five times the base credit.
PW&A bonus credit compliance solution
Our end-to-end technology solution makes compliance for IRA prevailing wage and apprenticeship requirements simple. The compliance portal leverages LCPtracker, a trusted payroll tracking system, to ingest and certify payroll. Together our systems and people effectively tackle the three pillars of compliance: prevailing wage, apprenticeship and penalties. This process ensures that you comply with the stringent recordkeeping rules of the IRS throughout the duration of the credit to preserve and maximize the credit while minimizing any potential penalties.
