The Friday Lowdown ⬇️

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

I scroll. so you don't have to.

💎 WTF of the Day

IRS Wants to Rehire the Fired

The IRS is pulling a fast one, they’re trying to re-hire people they fired. But not just anyone. They’re going back through a list of probationary employees (aka folks still in their trial period) who got canned from 2019 to 2021, and seeing who they can bring back.

Why? Because it’s easier than hiring fresh. These folks never hit full time status, so the red tape is thinner. No long union fights, fewer legal headaches, and they already know the ropes. The IRS needs people badly, and this is the shortcut.

Some of these terminations were performance related. So now the IRS is saying, “Hey, remember when we said you weren’t good enough? Just kidding. You up for round two?” Classic government vibes.

Source

💎 What’s poppin in accounting

Tariffs Are Back and Accountants Feel It

The U.S. just let tariff exemptions on Chinese imports expire. Now, thousands of products, from industrial parts to office furniture, are getting slapped with higher taxes. That means accountants are the ones recalculating costs, updating vendor contracts, and helping clients figure out what the hell just happened to their margins.

It’s not just paperwork, this affects pricing strategies, tax planning, and even supply chain decisions. Bottom line: when tariffs go up, the accounting world gets busy.

Source

 📊 Weekly Trend Chart

Smart Glasses Won’t Die

Smart glasses have flopped more times than a bad startup pitch. Google, Snap, Amazon, everybody’s tried ‘em, nobody’s nailed it. But now Zuck’s back at it, teaming up with Ray Ban again to make glasses you’ll actually want to wear.

The goal? Let you take pics, shoot video, and even chat with Meta’s AI, all without pulling out your phone. Kinda cool, kinda dystopian. Will they catch on this time? Who knows. But if anyone’s gonna shove these things into the mainstream, it’s a billionaire with a Metaverse to build.

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