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‘Pulte got really scared': Inside the White House debate over Trump's elections speech PoliticoWhen Trump accuses others of wrongdoing, you can bet he's up to something himself | Arwa Mahdawi The GuardianOpinion | Low-T, High Chair The New York Times5 takeaways from Trump's primetime speech on elections CNNTrump says these documents prove his false claims of election fraud. Here's what they really say
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Kimi K3 shocked the world. These other AI models could be next AxiosChina's Moonshot AI Unveils Kimi Model, Threatening America's Lead The New York TimesWhat to Know About the Chinese AI Models Rattling U.S. Stocks WSJThere's One Way To Win The AI Race, And The Big Labs Are Lobbying Against It ForbesA Chinese Pink Floyd fan is giving Claude and Chat their own DeepSeek moment — an AI model just as good and half the price Fortune
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New leak by Evan Blass shows the Z Fold8, Z Fold8 Ultra and Galaxy Watch9, confirms some specs - GSMArena.com news GSMArena.comSamsung Galaxy Unpacked is almost here: Everything we expect from the July 22 event MashableSamsung's redesigned Z Fold 8 with a wide display just leaked The VergeSamsung Introduces Flex Titanium Technology To Advance Foldable Displays Samsung Global Newsroom
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Trump spares Beijing in probe of alleged Chinese election plot PoliticoTrump's Election Claims and SAVE Act Push Find Muted Response From G.O.P. Lawmakers The New York TimesTrump says these documents prove his false claims of election fraud. Here's what they really say AP NewsTrump's Plan for November Is Failing The Atlantic
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China's Powerful New Moonshot AI Model Closes Gap With US Rivals Bloomberg.comChina's Moonshot AI Unveils Kimi Model, Threatening America's Lead The New York TimesChina just erased America's AI lead AxiosThere's One Way To Win The AI Race, And The Big Labs Are Lobbying Against It ForbesMarkets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
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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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