The Monday 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 Freezes Hiring as Tax Season Kicks Off

The IRS just entered tax season with a hiring freeze, even rescinding job offers. The move is tied to budget cuts, creating a tough start for an agency already struggling with backlogs and outdated systems.

What does it mean for you? Longer wait times, slower refunds, and more headaches if you’re dealing with audits or tax disputes. With fewer staff to handle the workload, tax season just got even more chaotic.

Source: CNET

💎 What’s poppin in accounting

SEC Changes Its Mind on Crypto Rules

The SEC just scrapped a rule from last year that made companies holding crypto for customers treat it as a liability on their books. The rule was supposed to make things safer for customers by forcing companies to take responsibility if something went wrong.

Now that the rule is gone, it’s back to square one. Crypto companies don’t know what to do, accountants are scratching their heads, and it’s just more chaos in the world of digital assets.

Source: Crowe

💤 Sleep Like You’ve Got Zero Tax Deadlines

You know that feeling when your head hits the pillow, but your brain decides it’s time to think about 401(k) limits and client emails? Mood’s Sleepytime Gummies fix that.

They’re packed with 100 percent federally legal THC plus fast-acting herbs and botanicals that knock you out in 15 minutes flat. No pills. No melatonin. No groggy mornings where coffee barely scratches the surface.

Even if you pound an espresso at 10pm, these gummies don’t care. They’re so effective they come with a 100-day guarantee.

Take one, chill, and wake up feeling like the CPA superhero you are.

Sleep Better Tonight

 📊 Weekly Trend Chart

MBAs Struggling to Land Jobs

Top MBA grads are dropping $200K+ on degrees and still struggling to find jobs. Hiring slowdowns and tech layoffs have made the job market ultra-competitive, even for elite programs.

Grads are accepting lower salaries and positions outside their fields just to get a foot in the door. Spending six figures on a degree isn’t the golden ticket it used to be.

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