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Business Advisory

USDA Releases Funding to Boost Rural Energy and Biofuel Initiatives

On March 31, the U.S. Department of Agriculture (USDA) announced the release of previously obligated funding under the Rural Energy For America Program (REAP), Empowering Rural America (New ERA), and Powering Affordable Clean Energy (PACE) programs. Recipients of this funding have 30 days to review and voluntarily revise their project plans to align with President… Continue Reading

How Renewable Fuel Producers Can Claim Tax Credits for §45Z

To be eligible to claim the §45Z credit for production starting January 1, 2025, a taxpayer must have a signed IRS letter for Approval of Excise Tax Registration dated on or before January 1, 2025. There are two categories of activities for registration – business activities that require registration and activities that may require registration… Continue Reading

This Week In Tax – 12/20/2023

Renewable Fuels, Individual Tax, and Business Tax Tax laws and regulations are subject to change. Information presented here reflects our current understanding at time of post. For additional information and inquiries, please contact us. We are available to provide assistance! Developments in Renewable Fuels 12/15/2023: Sustainable Aviation Fuel (SAF) guidance was issued. This is a… Continue Reading

This Week In Tax – 12/6/2023

Renewable Fuels, Individual Tax, and Business Tax Tax laws and regulations are subject to change. Information presented here reflects our current understanding at time of post. For additional information and inquiries, please contact us. We are available to provide assistance! Developments in Renewable Fuels SB Energy Global is first solar company to achieve the domestic… Continue Reading