The Inflation Reduction Act Proposed, Episode 24, Ron Cohen
This week Ron Cohen talks about: The proposed Inflation Reduction Act, Senator Sinema & the Manchin/Schumer Build Back Better Bill & The problem with multi-variable computations!
Follow up on last week’s podcast:
1) I may have been wrong! Corporate Welfare? The Student teaches the teacher!
2) Taiwan is 80 miles from the China coast…not 10 as I said.
Inflation Reduction Act proposal Show Notes:
Inflation Reduction Act – Draft Bill
https://www.documentcloud.org/documents/22122279-inflation-reduction-act-of-2022
Senate Finance Committee Report saying it raises taxes at low income levels:
https://www.finance.senate.gov/imo/media/doc/jct_distributional_effects_inflation_reduction_act.pdf
Deloitte Report:
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-taxnewsandviews-220729.pdf
Sen. Sinema may be on the fence?
https://www.vox.com/policy-and-politics/23282983/inflation-reduction-act-kyrsten-sinema-josh-gottheimer
Sen. Manchin does not answer the question:
https://www.cnn.com/2022/08/01/politics/kyrsten-sinema-democrats-big-week-for-biden-presidency/index.html
Please let us know if there are specific topics you’d like to hear about in future episodes.
Ron Cohen,
CPA, Partner at Greenstein, Rogoff, Olsen & Co., LLP CPAs & Advisors
Email: rcohen@groco.com
510.797.8661
Click here to listen to more from Ron.
Click here, then scroll down, to see Ron’s bio.
To receive GROCO’s free newsletter, click here.
Click here to learn more about Greenstein, Rogoff, Olsen & Co., LLP (GROCO.com) Advisors to the ultra-affluent.
Businesses May Increase Employee Compensation in Lieu of Reimbursing for Work-Related Expenses
Businesses May Increase Employee Compensation in Lieu of Reimbursing for Work-Related Expenses By Kathryn K. Meier, Esq. Hoge, Fenton, Jones & Appel, Inc. The California Supreme Court recently tested the boundaries of Labor Code section 2802, ruling that employers may increase employee compensation by a fixed amount instead of reimbursing employees for work-related expenses. California…
Buying a Distressed Business: Ten Tips for Entrepreneurs
Buying a Distressed Business: Ten Tips for Entrepreneurs By Scott Edward Walker Strategic Law Partners, LLP Now that the “easy-credit” party has presumably ended, there will likely be extraordinary opportunities for entrepreneurs to buy distressed (i.e., financially-troubled) businesses at bargain prices. Buying a distressed business, however, is tricky stuff and raises a host of significant…
How to Successfully Sell Your Company
How to Successfully Sell Your Company Tips for Privately-Held Business Owners By Jason Pfannenstiel Be clear about your motivation for selling. Reason for the sale is among the first questions buyers will ask. Your personal and professional reasons should be more than simply wanting to cash out for a certain magical dollar value. Before you…
15 Ways to Improve Your Cash Flow Now
15 Ways to Improve Your Cash Flow Now By Howard Fletcher Cash management theory and techniques are well understood and practiced by treasury managers in large corporations. They use sophisticated models and cash management tools that allow them to predict and manage cash. Many of these are beyond the reach or need of small companies.…