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

Nordstrom & Macy’s Scrap Outdated Accounting

For decades, Nordstrom and Macy’s used the Retail Inventory Method (RIM)—a shortcut to estimate stock value without counting everything. But RIM can’t keep up with modern e-commerce, markdowns, and returns.

Now, they’re switching to real-time inventory systems that track every product with pinpoint accuracy. It’s a major upgrade that shows where retail accounting is headed.

💎 What’s poppin in accounting

IRS Changes How Developers & Subcontractors Pay Taxes

The IRS just changed the rules for how developers and subcontractors report income and expenses on projects. Before, you could delay recognizing revenue or speed up deductions to reduce taxes. Now? The IRS wants everything tracked more accurately and in real time, especially for long-term projects.

Translation: You might owe taxes sooner, and your cash flow could take a hit.

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 📊 Weekly Trend Chart

US Obesity Rate Falls as Weight-Loss Drugs Surge

For the first time in years, the US obesity rate fell in 2023. The reason? GLP-1 drugs like Ozempic and Wegovy have gone mainstream, helping millions shed pounds.

The data shows a clear trend, weight-loss meds are no longer a niche solution, they’re changing the health landscape. But with rising demand and soaring costs, how sustainable is this shift?

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