The Inflation Reduction Act bill will disrupt all aspects of the average American lifestyle. Imagine a world where all houses will one day run on solar energy or most cars will be electrical. In all the momentum, it’s a good time to ask; how will my small or medium construction or fabrication company fare in this transformation? Will my ERP be up to the task of facilitating these sanctions made by the government?
It’s best to understand the bill for all those in the industry. The bill contains many tax incentives aimed at pushing consumers, developers, small businesses, and others towards clean energy and more efficient energy usage- such as bringing down the prices of purchasing electric vehicles, heat pumps, water heaters, rooftop solar panels, and more. Comstar USA is up for the challenge of creating an airtight accounting module that will help implement account receivables, account payables, bank and cash, reporting, fiscal localization, and most importantly, taxation that takes us back to our first point of whether your company will be able to quickly to adapt to this climate bill proposal. As an ERP construction business provider, we understand that your job is to use these incentives to your advantage regarding resale and customer satisfaction.
In an article by CNN, the bill would provide Americans with tax credits to cover 30% of the costs of installing products to help decrease their carbon footprint. It further mentions in the article that households would receive up to $600 for each piece of equipment, up to $ 1,200 per year. Comstar USA will ensure your tax return is aligned with the new regulations every step of the way, giving you a clear picture of what all can be installed in your project.
Comstar USA integrates Odoo with all the relevant world and local changes, helping your small or medium size construction company be the leader in the new way of living in America. Stay tuned to learn more about our features.