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

Big Four Locks Boston’s Biggest Office Deal

While most companies are cutting back on office space, PwC just signed a 15-year lease for 333,000 square feet in Boston’s Seaport District. This isn’t downsizing, it’s doubling down.

With room for 3,000 employees, a 4,000-square-foot gym, and retail space, PwC is betting big on in person collaboration. But let’s be real in a remote first world, this move might end up as a big, expensive L.

💎 What’s poppin in accounting

IRS Expands Tax Pro Tools

The IRS just made a big move, expanding the Tax Pro Account with new features like online power of attorney and tax information authorization requests, cutting approval times to just 48 hours.

On the flip side, they’re stepping up enforcement, targeting high income earners and partnerships dodging taxes. With over $122 billion in unpaid taxes identified, expect more audits and scrutiny.

For accountants, this means smoother workflows but also more eyes on their clients.

💎 Accounting Software Demos

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 📊 Weekly Trend Chart

The College Degree Myth

A college degree used to be a golden ticket to a good job, but not anymore. Unemployment rates for recent grads are climbing, while wages have stagnated. Employers are shifting focus, valuing skills and experience over diplomas.

The job market is evolving, and the degree alone isn’t enough. Skills, networks, and adaptability are the new currency.

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