The Wednesday 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

Mass Shooting at KPMG Building Leaves Four Dead

A deadly shooting hit 345 Park Avenue in NYC, the building that houses KPMG, Blackstone, and the NFL.

Four people were killed, including an off-duty cop working security, and the gunman a 27 year old from Las Vegas - died by suicide. Victims included staff from building management and Blackstone. An NFL employee was also seriously injured.

KPMG confirmed no employees were harmed, but the office is closed and staff are working from home. The gunman mentioned the NFL and CTE in a suicide note.

Source: CNN

💎 What’s poppin in accounting

IRS Warns 500K Federal Workers About Back Taxes

The IRS just sent out half a million letters to current and former federal employees saying they owe taxes, and it could get them fired.

The letter says, “Urgent: You have an outstanding tax issue,” and warns they could face collections if they don’t act fast. Some feds are panicking, thinking it’s a scam, partly because the letters don’t even say how much is owed.

Source: accounting today

 📊 Weekly Trend Chart

America’s Not Having Babies

New CDC data shows the US fertility rate just hit a record low, under 1.6 kids per woman. That’s way below the 2.1 needed to replace the population.

Why? People are broke, stressed, and waiting longer (or skipping kids entirely). Meanwhile, the government’s floating a $5,000 baby bonus to reverse the trend.

America’s heading for a baby bust… and it’s not alone.

#😂 

MY LEGACY 😂

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