|
Ceuta grapples with aftermath of border surge after most migrants leave the Spanish territory apnews.comThe Far Right Is Distorting Ceuta The AtlanticDeath toll from migrant rush into Spanish enclave rises to 72 Honolulu Star-AdvertiserSpain pushes migrants back to Morocco as suspicions swirl over mass border breach The Washington PostAfter Most Mi
|
|
Senate finalizes funding patch that would block Trump's grant overhaul PoliticoSenate leaders reach funding deal to avoid shutdown during campaign season PBSSenate GOP close to cutting deal to avoid shutdown thehill.comDemocrats Want to Avoid an Election Season Shutdown News of
|
|
Iran signaled it would allow Hormuz to reopen before Trump called off attacks: report New York PostIranian media denies deal on opening Hormuz; outlets mock Trump's climbdown The Times of IsraelIran denies agreement to reopen Strait of Hormuz, says policy unchanged - Report Investing.comHow Oman and Europe can open the Strait of Hormuz for good Atlantic Council
|
|
Armed bystander distracted gunman in fatal In-N-Out shooting NBC NewsWatch video: Armed citizen confronts Idaho In-N-Out suspected gunman usatoday.comSiblings describe sheltering from shooter in restaurant parking lot KMVTLATEST UPDATES: Twin Falls shooter identified by police as 24-year-old Chad Williams eastidahonews.com
|
|
Dodgers president Andrew Friedman explains Tarik Skubal deal, scoffs at criticism that they're ruining baseball Yahoo SportsFriedman, Roberts push back on narrative Dodgers ruining baseball ESPNDodgers "Less Likely" To Add To MLB Roster After Tarik Skubal Trade MLB Trade RumorsAnti-Dodger hysteria reaches new heights after Tarik Skubal trade as MLB lockout looms - The Athletic The New York Times
|
|
Truth API, launched Saturday by Trump Media, offers Wall Street firms early access to the president's social media messages. Subscriptions cost up to $100,000 a month.
|
|
OpenAI and Anthropic say their models broke into other companies' systems during testing, raising security concerns amid a heated debate over how to regulate AI.
|
|
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
|
|
