The Monday Lowdown ⬇️

If you're new around here, every day or so I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

The Bears lost last night. As a Chicago fan, I’m in mourning, please go easy on me with the replies.

🤯 WTF of the Day

Florida might blow up property taxes

Lawmakers are backing a plan that would let voters decide in 2026 whether to slash property taxes statewide. The proposal would raise the homestead exemption by $100,000 every year for 10 years, with the goal of eliminating non-school property taxes by 2037.

DeSantis is on board. The House already moved it forward. State leaders are saying taxpayers are done being treated like an ATM by local governments.

Property taxes fund cities, police, and fire departments. The Senate hasn’t signed on yet, and local governments are nervous.

If this hits the ballot and passes, Florida becomes the most aggressive anti–property tax state in the country. Homeowners win. City budgets freak out.

Source: Wonderful Florida

🌎 What Breaks First When You Hire Globally

Equipment policies break when you hire globally

Deel’s latest policy template on IT Equipment Policies can help HR teams stay organized when handling requests across time zones (and even languages). This free template gives you:

• Clear provisioning rules across all countries

• Security protocols that prevent compliance gaps

• Return processes that actually work remotely

This free equipment provisioning policy will enable you to adjust to any state or country you hire from instead of producing a new policy every time. That means less complexity and more time for greater priorities.

Get the template for free today.

🍿 What’s poppin in accounting

The government did something nice for old people

If you’re 65+, you now get a free $6,000 tax deduction. Married? $12,000. No tricks. No itemizing. Just boom, less taxable income.

This runs from 2025 to 2028. Then it’s gone.

Why does this exist? Because Trump promised “no tax on Social Security” and Congress said lol no. So this is the workaround. Same effect. Different name.

About 34 million seniors qualify. But there’s a ceiling. Under $75k single / $150k married you get the full thing. Go higher and it slowly disappears.

this isn’t just about Social Security. It offsets any income. IRA withdrawals. RMDs. Roth conversions. Capital gains. Whatever.

Source: CNBC

 📊 Weekly Trend Chart

Switzerland is about to do the most Switzerland thing ever

They might literally cap the number of people allowed to live in the country.

There’s a proposal heading to a national vote that would hard-limit the population at 10 million. Once it hits 9.5 million, the government is forced to step in and slow things down. Right now, Switzerland is already at about 9.05 million and getting there fast.

This is really about immigration. The country’s population has grown about five times faster than the rest of Europe, and nearly half the voters are saying “we’re full.” If this passes, Switzerland could restrict free movement from the EU for the first time ever, and even tear up existing agreements if that doesn’t work.

#😂 Meme of the Day

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