Laura Cataldo’s Post

Who cares if my project isn't PW&A compliant? You should! Prevailing Wage & Apprenticeship (PW&A) compliance offers significant financial benefits, but non-compliance can lead to severe penalties. Understanding and adhering to these requirements is crucial for project success and cost management. Key points to remember: • PW&A compliance is a requirement for all state and federally funded projects • Fines can increase substantially for intentional non-compliance • Tracking apprenticeship participation is a continuous process Don't let compliance become overwhelming. With the right processes and technology, PW&A payroll reporting can be streamlined, ensuring accuracy and reducing risk. Save Time. Save Money. Stay Compliant. Pivla. #Pivla #PrevailingWage #Compliance #Apprenticeship #ProjectManagement

Attention municipalities! 📣   Join #LCPtracker's Business Development Manager, Neil Armour, as he joins Laura Cataldo, Director and Doug Baldessari, Partner with Baker Tilly US to dive into maximizing Inflation Reduction Act (IRA) credit value for municipalities. Learn about the following:   🔍 Briefly review the IRA: Understand the game-changing opportunities it offers for non-taxable entities.   🛠️ Discuss prevailing wage and apprenticeship regulations: Learn how they differ from Davis-Bacon.   👀 Preview our end-to-end compliance solution: See how technology can help establish, monitor, and document compliance effortlessly.   Don’t miss out! Save your spot now: https://lnkd.in/gwZc6fHm #BakerTilly #Compliance #PrevailingWage #IRA #InflationReductionAct #EnergyProjects #Construction #Apprenticeship #ApprenticeshipRequirements #ContractorCompliance #IRARegulations #TaxCredits #PrevailingWage

Have questions about the prevailing wage and apprenticeship requirements in the final rule issued by the IRS and Treasury on Monday? For a high-level summary, click on Bradley’s blog post below. Interested in a deeper dive? Sign up for a webinar that Monica Wilson Dozier and I are hosting on Friday at 9:30 central: 📅 https://lnkd.in/gnueAJVS #IRA #prevailing wages #apprenticeship

A big topic of conversation is the new prevailing wage & apprenticeship requirement for the IRA incentives. Prevailing wage is pretty straight forward, but the apprenticeship requirement comes with more questions. I've summarized the key details to help bring clarity to this new requirement. There are three checks that should be made when complying with the apprenticeship requirements. 1. Total Labor Hours: For projects beginning #construction in 2024, 15% or more of the hours should be performed by qualified apprentices. (12.5% for projects that began in 2023). 2. Ratios: The project must meet any requirements for apprentice-to-journeyworker ratios outlined by the Dept. of Labor or the applicable state apprenticeship agency. 3. Participation: Each taxpayer, #contractor, or subcontractor who employs 4 or more individuals that qualify as a laborer or mechanic must employ at least one qualified apprentice. So what if you are struggling to meet these requirements on a project? Here are two things to consider. Apprenticeship Cure - If you miss the 15% target, you can make payments of $50 for each missed hour to bring yourself back into compliance. There's also a good faith exemption clause. If you fall into one of the below buckets, you are considered to have acted in good faith when it comes to the apprenticeship requirements. 1. You reached out to qualified #apprenticeship programs to employ apprentices and your request was denied. 2. You reached out to qualified apprenticeship programs and did not receive a response within 5 business days. So I share all of this to say - there are many ways to navigate this program reasonably. The only thing that you can't do is intentionally disregard these requirements. If you do, the #IRS will issue a $500 penalty for each missed hour or you will be forced to decrease your incentive. So if you need help, TaxTaker is here to partner with your team and help you navigate these requirements. How has your team been navigating the new requirements? #energyefficiency #sustainability #solar #geothermal

Check out this great webinar about #prevailingwage and #apprenticeship #compliance for #projectowners. #LCPtracker #BakerTilly

If you are seeking an Inflation Reduction Act tax credit you need to trust contractors to comply with the prevailing wage and apprenticeship requirement. Compliance with this requirement is not straightforward and as an owner you have signatory risk. Our solution establishes, monitors and documents all three pillars of compliance. Join Laura Cataldo and Neil Armour of LCPtracker, Inc. on April 3 to learn more about prevailing wage and apprenticeship compliance and our solution.

ATTENTION ANYONE IN THE RENEWABLES INDUSTRY (You know I'm serious because it's ALL CAPS) You're probably aware of the new final rule that was issued by the IRS and Treasury earlier this week on prevailing wage/apprenticeship issues. 1. For a quick overview, read the blog post linked below from Monica Wilson Dozier and Jennifer Trulock. 2. Register for the webinar Monica and Jennifer are presenting this Friday at 9:30 central. 3. Let Bradley Arant Boult Cummings LLP help with any questions/issues that you have on this topic.

CITB, in response to the proposed Growth and Skills Levy announced in the King’s Speech, has said it is ready to work with the government, industry, and training providers to ensure sustained growth in construction. “Key to achieving the government’s housebuilding targets is to get the right skills policies in place. It is essential the new Growth and Skills Levy drives up construction apprenticeship numbers that have declined under the Apprenticeship Levy," said Tim Balcon, CITB CEO. “We simply do not have enough workers in the construction industry right now – in 2023 there was a net loss of 10,000 construction workers. Our research shows that under Labour’s housebuilding plans, up to an additional 152,000 workers will need to be found. “Last year CITB helped over 29,000 apprentices during their courses. We’re ready to work with government, industry, and training providers to ensure the coordinated reforms are put in place to drive sustained growth in the construction industry.” #KingsSpeech #construction #apprenticeships #growth #skills #workers

The Apprenticeship Rules 1966 1962 Industrial establishment with 50 or more employees. 20 % Of the total available trad of establishment. Duration minimum 6 months or maximum 3 years. Payment to Apprentice 1.1st year 50% of the min wages 2.2nd year 60% of the min wages 3.3rd year 70 % of the min wages 4.After 3 years will consider employee (If) Age 15 years to 20 years and 45 years for armed forces Diploma/Certificate After 3 years of completion the degree will be equal to Associate degree Final Exam: Certificate/Degree after final exam Tripartite Advisory Committees 1. worker representative 2. Employer 3. Government Representative Obligations of Employers Ensure compliance with the Ordinance. Introduce and operate an apprenticeship program. Train apprentices as per prescribed proportions. Modify existing programs to comply with the Ordinance. Provide theoretical instruction within working hours. Operate the program at the employer's cost. Relief from Income Tax and Import Licenses Employers exempted from income tax on apprenticeship program expenses. Provision for import licenses for goods required for apprenticeship programs. Offenses, Penalties, and Procedure Penalties for noncompliance, false information, or contravention of the Ordinance. Cognizance of offenses requires a complaint by the competent authority. Written by Babar Ali

Congratulations to those awarded a 48C allocation this past weekend. The value of your allocation depends on your ability to meet Prevailing Wage & Apprenticeship (PW&A) regulations. If you’re looking to learn more about the requirements or need a straightforward solution to prevailing wage and apprenticeship compliance, join our webinar on April 3 from 1-2 pm CT. #prevailingwageandapprenticeship #inflationreductionact