Episode Notes

Hey everybody, this is Gene Marks and welcome to The Hartford's Small Biz Ahead podcast. Thanks for joining me this week. Let's get to it. This week, I would like to talk about something that's recent in the news: The Inflation Reduction Act. Now listen, obviously it's a political law. There's lots of opposition and support for The Inflation Reduction Act. But one thing I wanted to bring to your attention as a small business owner, is potentially, the potential of more audits that are gonna be done on smaller businesses. The Inflation Reduction Act, it was just signed into law this past week. It contains $80 billion in additional funding for The Internal Revenue Service which The Congressional Budget Office is estimating will yield in hundreds of billions of new revenues from enforcement.