Inflation Reduction Act Signed by President Biden: Increases 179D Benefits for Architects, Engineers, Design Build Contractors, and More

08/16/2022

President Biden signed the Inflation Reduction Act into law, minting a historic climate bill with aims to reduce carbon emissions by 40% by 2030 among many major economic initiatives. Within the 700+ page bill, the Inflation Reduction Act includes significant tax incentive opportunities which expand 179D Deductions for Architects, Engineers, Design Build Contractors, and other … Read More

How the Inflation Reduction Act of 2022 Expands Energy Efficiency Tax Incentives for the Real Estate Industry

08/12/2022

As featured in Accounting Today On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act. Both existing and expired energy efficiency tax incentives including 179D Deductions and 45L Credits have been expanded significantly. Who Benefits? Commercial Building Owners Multifamily Building Owners Investors Developers Homebuilders Architects Engineers Design/Build Contractors Other designers and builders Increase … Read More

KBKG to Exhibit at the GSCPA Southeastern Accounting Show

08/11/2022

Our Regional Directors Chad Niehaus and Matt Kemp are exhibiting at the GSCPA Southeastern Accounting Show. The conference is taking place from Wednesday, August 24, 2022, to Thursday, August 25, 2022, at the Cobb Galleria Centre in Atlanta, Georgia. About the GSCPA Southeastern Accounting Show The Southeastern Accounting Show (SEAS) is GSCPA’s premier event, providing … Read More

KBKG to Exhibit and Sponsor at the ICPA Summit ’22

08/11/2022

Our Director, Robert VanDeVeire and Regional Director, Todd French are exhibiting at the (Illinois) ICPA Summit ’22. The conference is taking place from August 23rd to August 24th at the Donald E. Stephens Convention Center, in Rosemont, Illinois. About the ICPA Summit ‘22 The ICPAS SUMMIT22 is one of the largest CPA state society events … Read More

Senate Passes Groundbreaking Inflation Reduction Act, Expanding 179D Deduction for Architects, Engineers, and Designers

08/07/2022

We recently posted a brief update on the Inflation Reduction Act. After negotiations between Senate Majority Leader Chuck Schumer and Senators Manchin and Sinema, an updated Inflation Reduction Act has passed the Senate and moves one step closer to being enacted through the House of Representatives and President Biden. With the Senate being the toughest … Read More

Inflation Reduction Act of 2022

07/31/2022

After months of negotiations, Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D- W. Va., reached a deal to move forward on a pared-down reconciliation bill on climate and taxes.  The bill, titled the Inflation Reduction Act of 2022, aims to do the following: Reduce the deficit Invest in domestic energy production and … Read More