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

The $1.5B Tobacco Tax Loophole

The GAO (aka the Government Accountability Office, think of them as the country’s accountant) just flagged a massive tax loophole in tobacco. Cigarette companies are re-classifying products as “pipe tobacco” or “cigar wraps” to dodge higher taxes, costing the U.S. about $1.5 billion a year.

The GAO can’t change laws, but their reports crank up the heat on Congress. Now that this watchdog is barking, lawmakers will have a harder time ignoring the loophole.

Source: accounting today

💎 What’s poppin in accounting

How to Talk to Robots (and Get Good Results)

We’ve been hearing it everywhere: “AI sounds cool, but I have no idea what to actually ask it.” So we built something just for you an exclusive Ledger Lowdown subscriber only cheat sheet that shows you exactly how to talk to AI like it’s your smartest intern.

Source: your new cheat sheet.

  📊 W eekly Trend Chart

Temu’s Back on Top

Temu’s traffic cratered this spring after peaking near 400M visits. Everyone thought Shein might finally close the gap. But in July, Temu came roaring back, pulling in 186M visits vs. Shein’s 85M.

Shein’s steady, but Temu plays like a gambler. When it spikes, it spikes big.

#😂 

😂  😂 

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