The Tuesday 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

How CAS Could Save Accounting from Its Hiring Crisis

Accounting grads don’t want to grind through another tax season, they want flexibility, variety, and impact. That’s where Client Accounting Services (CAS) comes in.

CAS skips the tax-season chaos and gives young pros deeper client relationships, better tech, and actual work-life balance. You’re not just filing forms you’re helping real businesses grow.

For firms, CAS isn’t just a revenue booster, it’s a hiring magnet. If you can’t outpay the big firms, out offer them on lifestyle.

Source: accounting today

💎 What’s poppin in accounting

New Mexico Storm Victims Get More Time to File Taxes

If you live or run a business in Chaves, Lincoln, Otero, or Valencia County, the IRS just gave you until Feb 2, 2026 to file and pay certain taxes thanks to storms, flooding, and landslides that hit in June.

This includes extended deadlines for income tax, payroll, and estimated payments. If you got hit and the IRS still sends you a penalty notice? Call them, they’ll likely remove it.

 📊 Weekly Trend Chart

Trump Wants to Tax Patents Like Assets

The Trump admin just floated a new idea, patent holders would pay 1% to 5% of a patent’s value every year.

Right now, inventors just pay a few grand in flat fees no matter how valuable the patent is. But under this plan, big tech companies like Apple, Google, and IBM could owe millions more, just to keep their IP active.

The goal? Raise billions to shrink the $2 trillion deficit.

The catch? No one agrees on how to price a patent and startups could get hit even harder than the giants.

#😂 

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