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Box Office: ‘Mandalorian and Grogu' Lifts Off With $102 Million Over Memorial Day Holiday, ‘Obsession' Scores $28 Million in Huge Second Weekend Variety'The Mandalorian and Grogu' is Disney's lowest-ever Star Wars film opening CNBCHow 'The Mandalorian and Grogu' ends and what it means for 'Star Wars' USA TodayThe Mandalorian's Downfall Can Be Traced Back To One Moment SlashFilm
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Webb just clocked nearly 9,000 young star clusters and found the biggest ones break from their birth clouds in 5 million years, a timing clue that could reshape how astronomers model galaxies growing up Space DailyWebb Studies Star Clusters NASA (.gov)NASA's James Webb Space Telescope Reveals Massive Star Clusters Form Faster Inside Galaxies NDTV
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LIV Golf is preparing to take its updated business plan and investor pitch on the road as soon as Thursday, in an effort to raise fresh capital.
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The summer box office is off to a sizzling start, thanks in part to strong week-after-week performance from returning titles.
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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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