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

Accounting Still Favors White Résumés

Researchers sent fake resumes to accounting firms, same skills, same schools, different names. White-sounding names got way more callbacks, even when the Black candidates were just as qualified.

The good news? It’s better than it was 20 years ago. The bad news? Top Black candidates still get passed over.

Firms say they care about diversity. The data says… not enough.

Source: cpa journal

💎 What’s poppin in accounting

IRS Wants to Speed Up Big Business Audits

The IRS just rolled out new rules to make audits faster for large corporations.

They’re phasing out the Acknowledgment of Facts (AOF) process, a slow document review that barely added value and pushing quicker resolutions through Fast Track Settlement and Accelerated Issue Resolution.

On paper, it’s about efficiency. But with 25,000+ employees gone, it also looks like a way to keep up appearances while the agency runs lean.

Less paperwork. Fewer delays. And maybe a little saving face.

Source: cpa practice advisor

 📊 Weekly Trend Chart

Tesla’s Cars Are Slumping. Chargers Are Booming.

Tesla’s having a rough quarter. Car sales are down 16%, energy sales dropped 7%, and even those regulatory credits are drying up.

But one thing is working. Charging stations, Tesla’s Superchargers are now making serious money, even from non-Tesla drivers. The company’s services division stuff like used cars, maintenance, and charging is quietly turning into its new cash cow.

The sexy stuff isn’t paying yet. The boring stuff is.

#😂 

Too cute not to share 😂 

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