How Will the Inflation Reduction Act Affect Construction Contractors?

The Inflation Reduction Act (IRA) of 2022 was signed into law by President Biden on August 16, 2022, and contains various provisions related to climate change, healthcare, and taxes, that directly affect individuals and businesses alike. Although they weren’t advertised as much, many provisions in the IRA directly impact the construction industry.

On Wednesday, September 21, 2022, join Marty McCarthy, CPA, CCIFP, for a virtual seminar where he will discuss the IRA, the latest information from the IRS, and their applicability to your client’s business, and answer questions.

Martin C. McCarthy, CPA, CCIFP

Office Managing Partner

Marcum

Marty McCarthy is the office managing partner of Marcum’s Blue Bell, PA, and Tinton Falls, NJ offices and serves as the Firm’s Mid-Atlantic Construction practice leader. With more than three decades of experience working with construction companies, his collaborative and solution-focused approach, technical proficiency, and deep industry knowledge have made him a trusted advisor to contractors looking to operate more efficiently and optimize growth.

Before merging his practice into Marcum in 2023, Mr. McCarthy was the managing partner of McCarthy & Company, PC. Under his leadership, McCarthy & Company was named one of The Top 50 Construction Accounting Firms™ by Construction Executive for four consecutive years (2019-2022) and recognized by Accounting Today as a 2023 Mid-Atlantic Regional Leader and one of the “Best Accounting Firms to Work For” (2019-2022). City & State Pennsylvania named Mr. McCarthy to its 2023 Construction Power 100 List. He was the only accountant to earn the distinction.

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