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A Deeper Dive into the Inflation Reduction Act’s Tax Provisions

(JofA) -The budget reconciliation bill, P.L. 117-169, known as the Inflation Reduction Act, was signed into law on Aug. 16. It includes numerous tax provisions, including new corporate taxes. It also contains numerous clean-energy-related tax incentives, and money for IRS enforcement and other initiatives.



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Liability Risks Grow as Pandemic Fades 
(Accounting Today) - Liability risks grow as pandemic fades


States Take Child Tax Credits Into Their Own Hands 
(Accounting Web) - The recently passed Inflation Reduction Act of 2022 did not include an extension of the expanded child tax credit provision, which was enacted under the Biden Administration’s American Rescue Plan for 2021 federal tax returns.


The Comedy Store Sues Moss Adams Over Missed $8.5 Million in COVID Relief Funds 
(CPA Practice Advisor) - The suit claims the accounting firm misrepresented its expertise about the federal COVID-related relief program.


Euro Zone Inflation Hits Another Record of 9.1%  
(CNBC) -Energy had the highest annual inflation rate at 38.3%, Eurostat said Wednesday, down slightly from 39.6% in July. Food, alcohol and tobacco were up 10.6% compared to 9.8% in July


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About AccountantsWorld

At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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