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

Tax Pros to Treasury “IRS Is Bleeding Too Fast”

Over 11,000 IRS workers have peaced out since February, 7,000 fired, 4,000 quit. That’s about 11% of the agency gone. Now, a bunch of tax orgs are begging the Treasury to get it together before tax season turns into a dumpster fire.

They’re asking for clear guidance, faster digital upgrades, and better communication. Basically stop the bleeding, fix the tech, and don’t ghost the people who actually help Americans file their taxes.

💎 What’s poppin in accounting

Tipalti Snaps Up AI Startup to Dominate Treasury Automation

Tipalti just bought Statement, a New York startup using AI to clean up the mess of managing cash across accounts and currencies. Their tool gives finance teams real time cash visibility, smarter forecasting, and hooks into 3,000+ banks and ERPs.

This move makes Tipalti even stronger in treasury tools, cutting out painful manual tasks like reconciliation and giving finance leaders tighter control over liquidity.

Source: cpa practice advisor

 📊 Weekly Trend Chart

WhatsApp Finally Gets Ads

After years of keeping it clean, Meta is putting ads on WhatsApp. Not in your chats FYI, they’ll show up in the Updates tab where people browse channels. The move sent Meta stock up 2 percent.

Why? Because Meta prints cash with ads. Last quarter, 98 percent of its revenue came from advertising. This is just another way for them to squeeze more juice out of their 1.5 billion daily users.

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