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

Estate Battles $5.4M Tax Bill

An estate is locked in a fight with the IRS over a $5.4 million tax liability tied to trust distributions. The dispute centers on whether the distributions qualify for a key exemption, which could wipe out the tax bill entirely.

This case is raising eyebrows because it could set a precedent for how trust taxes are handled in similar situations. For accountants and estate planners, it’s a reminder to double check those exemptions before signing off on distributions.

Source: Bloomberg Tax

💎 What’s poppin in accounting

Deloitte Buys SimplrOps

Deloitte just acquired SimplrOps, a SaaS technology company that helps automate compliance and reporting processes. This move strengthens Deloitte’s tech offerings, making it easier for businesses to streamline audits, tax filings, and other regulatory tasks.

Big accounting firms are doubling down on tech to stay ahead. With SimplrOps in its arsenal, Deloitte is signaling that automation is the future of accounting.

Source: CPA Practice Advisor

💤 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

China’s DeepSeek Shakes Big Tech

China’s DeepSeek is flipping the AI world upside down, challenging OpenAI with its own groundbreaking tech. The result? US tech giants like Microsoft and NVIDIA are spooked, with the sector on track to lose $1 trillion in value.

DeepSeek’s rise is a wake-up call for Big Tech, showing how quickly the AI landscape can shift. For investors, it’s a reminder that even the biggest players aren’t untouchable in a global AI arms race.

#😂

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