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More than 1.7 million evacuated as Typhoon Bavi makes landfall in China Al JazeeraChina's second typhoon in a week makes landfall BBCTyphoon Bavi Weakens as Heavy Rain Spreads Across China Bloomberg.comTyphoon Bavi batters east China, Taiwan reports 134 injured Yahoo
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Parasite causing major stomach symptoms KTVUAn outbreak of diarrhea caused by a parasite has hit at least 1,700 people. Here's how to stay safe CNNOutbreak of diarrhea caused by cyclosporiasis spreading in US with cases reported in CA, CDC says ABC7 Los AngelesIt's not just produce. Where else can 'explosive diarrhea' bug hide? USA Today
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New York City Department of Investigation Opens Inquiry Into Buckling Office Building WSJBuckling Manhattan High Rise Becomes Focus of Criminal Investigation The New York TimesNYC buildings evacuated after construction workers find buckling columns in Midtown East; officials warn of possible collapse ABC7 New YorkWho Will Be Blamed for the Near-Collapse
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Cyclospora outbreak surges past 1,700 cases across dozens of states, with Michigan the hardest hit. Should I be worried? Yahoo HealthIt's not just produce. Where else can 'explosive diarrhea' bug hide? USA TodayOutbreak of diarrhea caused by cyclosporiasis spreading in US with cases reported in CA, CDC says ABC7 Bay AreaAn outbreak of diarrhea caused by a parasite has hit at least 1,700 people. Here's how to stay safe
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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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