|
Democrat Johnny Garcia wins Texas House primary after rival's antisemitic comments drew national rebukes NBC NewsHow a Texas Democrat rebuked by her party for antisemitism made it to the runoff CNNHouse Democrats are scrambling to contain their Maureen Galindo problem AxiosWill Maureen Galindo's ‘Zionists' Comments Matter in Texas House Runoff Election? The New York TimesSex therapist accused of antisemitism loses Democratic runoff for Texas Ho
|
|
Rocket, Satellite Stocks Surge as SpaceX IPO Fuels Euphoria Yahoo FinanceElon Musk is going all-in on an unproven technology The EconomistJim Cramer previews SpaceX's IPO: 3 catalysts to watch and 1 big reservation CNBCIndex Funds Can't Say No to SpaceX Bloomberg.com
|
|
Christian Menefee beats Al Green in Democratic primary runoff in new TX-18, according to AP Houston Public MediaLive updates: Multiple key races called for primary election runoffs, AP projects ABC13 HoustonVeteran Texas congressman Al Green beaten in Democratic primary runoff The Guardian
|
|
Trump administration proposes NDAs for all federal workers The Washington PostTrump Administration Wants Federal Employees to Sign Nondisclosure Agreements The New York TimesTrump administration wants federal workers to sign NDAs BBCTo stop leaks, the Trump administration wants federal workers to sign NDAs NPRTrump administration pushes governmentwide NDA for federal employees
|
|
Space embryos: China launches lab-grown human cells into orbit to study reproduction YahooChina Sends Artificial Embryo Models To Orbit To Test Human Reproduction In Space NDTVBypassing the 14-day rule: China's ‘artificial embryos' exploit a double loophole in orbit WION
| RELATED ARTICLES | | |
|
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
|
|