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

California Blocks Monster Exec’s Tax Refund

A former Monster Energy exec tried to dodge California’s brutal income tax by claiming he lived elsewhere. The state wasn’t buying it. His refund request got denied, and now he’s stuck paying up.

California is famous for chasing down ex-residents who still have business ties, homes, or any excuse to tax them. This case is another warning sign for wealthy folks thinking they can just “move” and escape CA’s tax grip. Spoiler: They’re watching.

Source: Bloomberg Tax

💎 What’s poppin in accounting

Illinois Wants to Shake Up CPA Rules

Illinois lawmakers are trying to fix the accountant shortage by making it easier to get a CPA license. They’re proposing alternative pathways that could replace the 150-credit hour rule, a requirement many say is outdated and keeping people out of the industry.

Instead of extra (often pointless) college classes, the new plan would count real-world work experience or other credentials toward licensure. Illinois is just the latest state feeling the pressure.

Source: Going Concern

🚗 UberEats of THC (Your CPA Stress Cure)

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Gummies, cookies, flower, vapes—they’ve got it all. Grown on small American farms, totally pesticide-free, and priced so well it’s basically a write-off (kidding, but also not kidding).

Plus, every product comes with a 100-day guarantee. Zero risk.

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 📊 Weekly Trend Chart

Apple’s Services Are Bigger Than You Think

Apple’s Services division is raking in $26.3 billion in quarterly revenue, making it a top 40 S&P 500 company all on its own. It’s pulling in more money than Tesla, McDonald’s, Nike, and even Coca-Cola—a reminder of how dominant Big Tech really is.

What’s driving it App Store fees, iCloud subscriptions, Apple Music, and more. Apple has mastered turning everyday digital services into a revenue powerhouse, proving the strength of its ecosystem.

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the only way 😂

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