DSPTCH announced the release of the DSPTCH Inflation Reduction Act (IRA) Field Guide. This indispensable resource offers over 100 pages of in-depth guidance on prevailing wage, apprenticeship requirements and IRA Tax Credit compliance, providing project stakeholders with the tools, resources, and knowledge to navigate the complexities of the IRA.
The IRA Field Guide is a resource for developers, contractors, financiers and stakeholders engaged in IRA tax credit projects. It includes:
- Interactive Models: Illustrate the tax credit transaction, prevailing wage and apprenticeship requirements, and friction costs.
- Case Study: Demonstrate how IRS Prevailing Wage and Apprenticeship cure provisions can amass into financial obligations that are multiples of the entire tax credit claim.
- Practitioner’s Review: A first-hand and practical series of core IRA tax credit mechanics, diligence checklists, observations, and actionable commentary, unlike any other resource available today.
- Insightful Market Commentary: Enable companies to short-circuit common pitfalls, quickly understand the implications of the IRA, review the compliance solutions landscape, and identify contract best practices.
“Compliance should not be a competitive frontier,” said Alex Jones, DSPTCH’s co-founder. “Today, many companies misunderstand IRA compliance obligations and financial risks. In short, the IRS directly enforces uncapped liabilities exclusively onto project developers. To make matters worse, advisors and auditors benefit from opaque and convoluted requirements. We decided to do something radically different and synthesize our IRA experience and insights. DSPTCH’s IRA Field Guide demonstrates our commitment to empower the industry with transparent resources, easy to follow references, and streamlined software.”
To scale and mitigate risks, the DSPTCH IRA Field Guide outlines a series of best practices including greater project oversight, standardized contract clauses and proactive compliance technology to support vendors.
DSPTCH is similar-to Turbo-Tax for IRA and PWA compliance, with capabilities that provide a step-change in contractor PWA support, real-time turnkey calculations, project-wide contractor monitoring and self-serve compliance checklists.
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