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One Dead, 9 Missing After Chemical Tank Ruptures at Washington State Paper Mill The New York TimesAt least 1 dead and 9 missing after a chemical tank rupture at a paper and packaging plant in Washington state CNN'The most tragic thing that's happened in Longview': Vigil honors victims of paper mill implosion KING5.com1 confirmed dead, 9 others missing after chemical implosion at facility in SW Washington KATU
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Corrosive chemicals hamper recovery efforts at Longview industrial site; 9 still unaccounted for after tank rupture Oregon Public Broadcasting - OPB1 confirmed dead, 9 missing in chemical tank rupture at Nippon Dynawave pulp and paper mill in Longview KGWLongview explosion: one killed and nine missing after blast at paper mill BBC1 confirmed dead, 9 others missing after chemical implosion at facility in SW Washington KATU
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Nippon Dynawave Packaging Company chemical tank implosion: At least 1 dead, 9 others missing in Longview, Washington ABC7 Chicago1 confirmed dead, 9 others missing after chemical implosion at facility in SW Washington KATU1 killed, 9 others missing and feared dead in Washington state chemical tank implosion Dallas 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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