Understanding the Inflation Reduction Act and its Benefits: What It Means for Businesses?

The Inflation Reduction Act will lower costs for small businesses by preserving lower health-care costs, encouraging energy-saving investments, and strengthening supply chain resiliency. On August 16, 2022, the Inflation Reduction Act was signed into law by President Biden. 

• The law provides, over a 10-year period of time, for the following:
• Prescription drug price reform  
• Imposing a selective 15% corporate minimum tax rate for companies with higher than $1 billion of annual financial statement income  
• Increased tax enforcement  
• Imposing a 1% excise tax on stock buybacks  
• 2-year extension of the limitation on excess business losses  
• Addressing domestic energy security and climate change, including funding for drought resiliency in western states  
• Deficit reduction  
• Continuing for three more years the expansion of Affordable Care Act subsidies originally expanded under the American Rescue Plan Act of 2021  
• Increased funding for the IRS for modernization and increased tax enforcement

The Inflation Reduction Act marks a watershed moment in America's race to net zero, with $369 billion invested in clean and renewable energy, allowing the country to cut emissions by 40% over the next decade. Now is the time for businesses to seize this opportunity to accelerate their own energy transition and contribute to a low-carbon future.

In this exclusive 60-minute webinar hear from the expert “Kenneth Barden” on the historic bill and what it means for business?

The Inflation Reduction Act (IRA) signed into law by President Biden offers several benefits for American businesses and consumers. The IRA establishes tax credits and other incentives designed to encourage the transition to carbon reduction to offset the impacts of climate change. These credits include incentives to encourage consumer purchases of Electric Vehicles (EVs) instead of traditional fuel-based ones, encouraging domestic production oof EVs, reduction of healthcare and medical costs, and general measures to lower the impact of inflation.

This webinar is designed to provide attendees with an overview of the Act, along with regulations that came out to implement the Act’s provisions and will discuss the Impact of  this Act’s provisions on various industries.

• History and background of the Inflation Reduction Act (IRA)
• Original purposes and evolution of the IRA through the legislative processes
• Focus areas of the IRA
• Health and medical aspects
• Climate change and transition from carbon-based fuels to more sustainable options
• Electric vehicles and energy transition
• Tax credits as incentives
• General tax and economic impacts
• Other purposes
• Future outlook for the IRA

This webinar will provide valuable insights to: 

• Business Owners
• Compliance Professionals
• Tax Experts
• Procurement Professionals
• Marketing Professionals
• Corporate Executives
• Management Personnels