The Wednesday Lowdown ⬇️

🎉 Happy New Year! Welcome to 2025! Let’s make this the year you stay sharp, level up, and absolutely dominate.

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

Maine’s Audit Meltdown

Small towns in central Maine are flying blind, public audits are months behind, and no one knows where the money’s going.

Auditors are swamped, budgets are frozen, and taxpayers are left wondering if their cash is safe. Some towns haven’t seen audits in years, leaving critical funding and financial accountability hanging by a thread.

Source: centralmaine

💎 What’s poppin in accounting

IRS finalizes regs for De-Fi tax reporting

Starting in 2026, the IRS will require DeFi platforms and crypto companies to report transactions over $600.

They’re targeting a $50 billion tax gap, but critics say the move could crush innovation and push out smaller players. The taxman wants his cut, and crypto is squarely in his sights.

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 📊 Weekly Trend Chart

Trapped in the Scroll

The average person scrolls through 300 feet of content every day, taller than the Statue of Liberty. Gen Z tops the charts with nearly 3 hours daily, while TikTok and Instagram keep us glued to our screens.

The big question, are we in charge, or is the scroll controlling us?

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