|
Eight years later, Jadeveon Clowney returns to the Texans NBC SportsSources: Jadeveon Clowney reaches deal to reunite with Texans ESPNNFLN: Clowney returning to Texans, who took him No. 1 in '14 NFL.comNFL free agency: Jadeveon Clowney spurns the Browns Yahoo SportsTexans, Jadeveon Clowney Agree To Deal NFL Rumors - ProFootballRumors.com
|
|
The global memory shortage hits the MacBook Air TechCrunchApple's best-selling laptop is in crisis, and its own promotions aren't hiding it PhoneArenaApple "Prioritizing Sales" Of Current 14-Inch MacBook Pro to Make Way For M6 Refresh Later This Year, MacBook Air Suffering From Severe Shortage WccftechIf You're Struggling to Find a MacBook Air Right Now, This Is Probably Why Gizmodo
|
|
It's not enough to do everything "right" on paper.
|
|
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
|
|