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The massive winter storm put much of the country into a deep freeze, and the mercury is plummeting at a time when utility bills are skyrocketing.
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Budweiser Super Bowl Commercial Teams Clydesdale With American Bald Eagle, ‘Free Bird' VarietyBudweiser unveils Super Bowl LX commercial starring 'American Icons' ABC NewsBudweiser lets ‘Free Bird' fly in its Americana-packed Super Bowl spot Ad AgeBald Eagle and Clydesdale Horse Share Epic Friendship in Budweiser's 2026 Super Bowl Commercial People.com
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Americans could see an extra $100 billion in tax refunds this year, according to a Bank of America economist.
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Venture capital investor Pinegrove has sealed a $2.2bn final close for its debut venture secondaries fundraise, which it believes is the largest first-time raise of its type.
The post Pinegrove, the buyer of collapsed SVB Financial's VC unit, seals $2.2bn venture secondarise fundraise appeared first on AltAssets Private Equity 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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