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Middle East crisis live: Trump warns of fresh Iran strikes if talks fail; Lebanon and Israel agree to meet in US The GuardianExclusive | Trump tells The Post he's preparing military if Iran fails to comply in talks: 'We're loading up the ships' New York Post‘We're loading up the ships': Trump prepares for more attacks if Iran doesn't listen in peace talks The IndependentLatest in Iran: Deadliest day of Israeli strikes leads to negotiations "as soon as possible" LiveNOW from FOX
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Yellowstone's magma source may be closer than thought, reshaping hazard models Phys.orgYellowstone's Dreaded Supervolcano Has an Unexpected Power Source, Study Says GizmodoNew study reveals hidden forces behind Yellowstone supervolcano XinhuaThe path of least resistance: Investigating hot spring plumbing systems in Yellowstone using electrical measurements USGS (.gov)
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Saudi Arabia's Public Investment Fund has made plans to anchor a private credit fund from King Street Capital targeting the country and the wider MENA region.
The post Saudi Arabia's PIF plans to anchor King Street's regional credit 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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