The Daily Lowdown - August 14 2025

The Thursday 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

PwC Wants Junior Accountants Acting Like Managers

PwC says AI is taking over the grunt work, so new hires will skip straight to reviewing and supervising jobs that used to take years to reach. Instead of learning data entry and basic audit tasks, rookies will get “manager” skills like critical thinking, negotiation, from day one.

PwC’s AI lead says in three years, first-years will feel like fourth-years, overseeing algorithms instead of spreadsheets. The goal? Faster growth, better insights, and a workforce ready for an AI-driven industry.

💎 What’s poppin in accounting

IRS Form 2290 Deadline Looms

Got a truck over 55,000 lbs? The IRS Heavy Highway Vehicle Use Tax for 2025–26 is here. If you first put your rig on the road in July, you’ve got until Aug. 31 to file Form 2290.

Use IRS e-file for a stamped Schedule 1 in minutes (proof for registration), or mail it and wait up to six weeks. Low mileage vehicles still need to file, even if no tax is due.

Source: accounting today

 📊 Weekly Trend Chart

ON Sprints Past Hoka

For years, On and Hoka were neck-and-neck in the “cool running shoe” race. Now, On’s blowing past. The Swiss brand just posted a 38% sales jump and is pacing toward $2.6B this year.

Hoka’s still strong at $2.2B, but growth is slowing in the US and Deckers’ stock (Hoka’s parent) has been hammered nearly 50% in 2025. On might be lacing up for a Nike-sized future.

#😂 

TRUTH 😂


P.S. What'd you think of today's edition? Hit 'reply' to this email and lemme hear it!