Surgent Accounting & Financial Education, a division of KnowFully Learning Group, today announced a new online CPE course that covers changes to the tax code included in the Inflation Reduction Act, which just passed the House and is on its way to President Biden’s desk for his signature. Airing live on Tuesday, August 16 with subsequent dates throughout August, “Summary and Analysis of the Inflation Reduction Act of 2022 (IR22)” will provide a deep dive into all aspects of the legislation that will impact tax planning for both individual and business clients.
Surgent’s experts closely watched the ups and downs of various tax legislation proposals introduced throughout 2022 with a commitment to launch a course as soon as the bill became law. The final legislation addresses climate change, the high cost of prescription drugs and attempts to lower the deficit by $300 billion.
“As is our practice, we at Surgent are bringing you all the pertinent tax provisions in the Inflation Reduction Act,” said Nick Spoltore, Surgent’s vice president of strategic content development. “We understand that accounting and finance professionals will, of course, look to us for the particulars on the corporate minimum book tax, stock buy-back provisions, and increased IRS funding. This sweeping legislation, though, also brings about welcome changes to prescription caps for Medicare beneficiaries, healthcare subsidies, clean energy, and many other wide-reaching topics.”
A panel of Surgent faculty will provide detailed information professionals can begin to apply to their practices right away, with topics including:
- 15% corporate tax
- 1% tax on the repurchase of corporate stock
- Enhancement of IRS services
- Prescription drug pricing reform, including drug price negotiation
- Maximum out-of-pocket cap for Medicare beneficiaries
- Extension of Affordable Care Act subsidies for certain individuals
- Clean energy and efficiency incentives for individuals
- Energy Efficient Home Improvement Credit
- Energy Efficient Commercial Buildings Deduction (Section 179D)
- Extensions, increases, and modifications of the New Energy Efficient Home Credit
- Clean Vehicle Credit and credit for previously owned clean vehicles
- Qualified Commercial Clean Vehicles
- Transfers of certain credits to an unrelated transferee
- Increase in Research Credit against payroll tax for small businesses
“Many in the accounting and finance industry remained doubtful that any tax legislation would be enacted in 2022, but our team stayed on top of it in order to be the first to introduce the kind of timely course our learners expect from Surgent,” said Liz Kolar, Surgent’s executive vice-president. “When professionals deepen their knowledge, they not only gain a competitive edge, they make a bigger impact for their clients.”
In addition to this CPE webinar, Surgent is also updating its 2023 curriculum to reflect the changes to the federal tax code that will soon go into effect.
“Our customers can certainly rest assured that they’ll be given a treatment of this new law that is both comprehensive and engaging so that they can effectively and immediately look after their own interests and those of their clients,” said Spoltore.
The two-hour course is worth two CPE credits. Learn more about and register for the new webinar here.
