VOLUME 9 2022

September is here, and that means autumn is just around the corner. As well as the changing of the seasons, we’re preparing for change in other areas — from the transition back to school to major updates to the IRS. This month, we have some things to keep in mind as you face these changes.

We’ll answer some of your questions about the Inflation Reduction Act and what effects it will have, and you’ll have a chance to read Padgett President Roger Harris’s letter to the IRS about the Act. If you or a dependent is going to college, you’ll learn about some tax credits you may be eligible for. If you’re getting ready for the October extended tax deadline, you’ll also get a list of documents you may need. And lastly, don’t forget that there’s still time to apply for the ERC! Some eligibility requirements have changed, so let us help you determine if there’s money available for your business.


What does the Inflation Reduction Act mean for your business?

If you're like many Americans, you may still be unsure how the IRA will affect you. We answer some common questions about the Act.


Padgett urges IRS to use funds to restore tax system

Padgett President Roger Harris sent a letter to Commissioner Charles Rettig, encouraging the IRS to proceed with caution when determining how to use the funds provided by the IRA.


Add these tax credits to your college preparation list!

For students going to college, it can be an expensive transition. Don't forget to consider what tax breaks may be available.


Checklist: What tax documents do I need to keep?

If you’re preparing to file your return by the October extension deadline, don’t forget to gather all the necessary documents.


ERC – it's not too late!

Did you know that eligible business owners can still claim the Employee Retention Credit (ERC)? Since 2020, Padgett has helped hundreds of clients apply for the credit, and we've collectively received millions of dollars. If you want to learn more about your eligibility or get started applying for the ERC, contact us today.

About Padgett

At PADGETT BUSINESS SERVICES®, we know the stresses of running a business can keep owners awake at night. Your business is your livelihood — and quite possibly the livelihood of your employees — so it’s no wonder it’s always on your mind. PADGETT is here to help. We offer tax, accounting, payroll and business consulting services that can help your business reach new heights, allowing you to rest easy.

Our Services





PADGETT BUSINESS SERVICES® is dedicated to meeting the accounting, tax, payroll, compliance and advisory needs of small businesses. This publication is intended for informational purposes only and should not be construed as tax or legal advice. Such information is by nature subject to revision and may not be the most current information available. You should seek advice from a PADGETT BUSINESS SERVICES® representative or an independent advisor before acting on any of the information contained in this document. Each office is independently owned and operated.