|
Oil prices mixed as U.S. military strikes against Iran cloud Middle East peace prospects CNBCStocks jump while oil and dollar ease on Iran peace hopes ReutersOil Prices Drop on Prospect of Iran Deal, but Investors Aren't Celebrating Yet WSJOil prices slide on hopes of US-Iran peace deal BBCOil prices sink on signs of U.S.-Iran deal
|
|
Oil Prices Drop on Prospect of Iran Deal, but Investors Aren't Celebrating Yet WSJAsian Stocks Set to Extend Gains on US-Iran Hopes: Markets Wrap Bloomberg.comWhat happens when the war really ends CNNOil prices fall 7% after Trump says Iran talks proceeding in a 'constructive manner' CNBC
|
|
Trump Touts Iran Progress While Hormuz Strike Reports Show Risk Bloomberg.comSee more headlines & perspectives on Google News
|
|
Sonny Rollins, Giant of the Jazz Saxophone, Is Dead at 95 The New York TimesSonny Rollins, colossus of jazz saxophone, dies aged 95 The GuardianSonny Rollins, colossus of the saxophone, has died at 95 NPRSonny Rollins, Acclaimed as a Virtuoso Jazz Improviser, Dies at 95 WSJSonny Rollins, jazz giant who honed his sound on New York bridge, dies at 95
|
|
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
|
|
Independent analysis suggests retrospective change to data indicating climate change progress
|
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
|
|
