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Stock Market Today: Nasdaq Up With Nvidia Among Reinvigorated Tech Names (Live Coverage) Investor's Business DailyStock market today: Dow, S&P 500, Nasdaq rise as Nvidia, Oracle shine in tech revival Yahoo FinanceWall St ends higher as tech rally continues, led by Micron ReutersWall Street ended the week on a high note with back-to-back session gains Seeking Alpha
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What AI data centers are doing to your electric bill : Planet Money NPRThe Next Big AI Concern Runs Through Main Street Investor's Business DailyThe AI data center boom is raising power costs nationwide. Here's what it means for you, and how to protect your bill Yahoo FinanceSenators Investigate Role of A.I. Data Centers in Rising Electricity Costs The New York TimesCommunities are rising up against data centers — and winning The Verge
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Information services-focused investor Ethos Capital has completed a continuation fund raise for its portfolio business Identity Digital.
The post Ethos Capital picks up big institutional backing for Identity Digital continuation fund appeared first on AltAssets Private Equity News.
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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