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

IRS to close more than 110 offices

Trump’s IRS is shutting down over 110 taxpayer help centers, meaning if you need in-person tax help… well, tough luck. The idea is to cut costs and push everything online, but let’s be real, when was the last time the IRS website actually helped you?

These offices handle stuff like payment plans, tax disputes, and fixing screw ups, so this move is gonna hit seniors, small biz owners, and anyone without a tax pro the hardest.

Translation: Expect longer wait times, more automated nonsense, and a lot more “please hold” music.

Source: Washington Post

💎 What’s poppin in accounting

KPMG Becomes First Big Four Law Firm

KPMG just became the first Big Four accounting firm to get the green light to practice law in the U.S. The move breaks a century-old rule that kept accounting and legal services separate, and could shake up both industries big time.

For clients, this means one-stop shopping for tax, audit, and legal services. But for traditional law firms? This is a major threat. If the rest of the Big Four follow suit, we could be looking at a corporate legal world dominated by accountants.

Source: Bloomberg Law

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 📊 Weekly Trend Chart

Big Beer Is in Big Trouble

AB InBev, the king of Bud Light, Corona, and Stella, just posted its 7th straight quarter of falling sales. People are ditching beer for seltzers, craft brews, and even non alcoholic drinks.

The slump isn’t just in the U.S.—Europe and Latin America are drinking less, too.

The big question: Is this just a bad stretch, or is Big Beer officially past its prime?

#😂

😂 Don’t ever underestimate ya self!

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