⬇️ The Wednesday Lowdown ⬇️

If you’re new around here, every day I share the 5 best accounting insights I saw in the past 24 hours.

I scroll. so you don’t have to.

💎 WTF of the Day

ADM’s $ Whoops

ADM one of the biggest players in agriculture, just ran into a big accounting mistakes that overhyped their profits. Now, they’re scrambling to set the record straight, cutting their profit forecast and watching their stock drop 6%. 

It’s the kind of mistake that shakes confidence, showing that even the mightiest companies can slip on the small stuff.

Source

💎 What’s poppin in accounting

IRS Updates Rules on Seized Property Sales

The IRS just updated its rules on selling seized property, like homes and cars taken from tax delinquents. Now, they’re giving owners more time to reclaim their stuff before it goes up for sale and allowing online auctions to reach more buyers. 

This overhaul makes the process faster, more transparent, and fairer for everyone involved. It’s a step forward in modernizing the IRS’s approach to collecting what’s owed.

Source

 📊 Weekly Trend Chart

Homebuyers Keep Getting Older

The average age of homebuyers has been rising, with first-time buyers now typically 38 years old, up from 35 last year. This shift is due to high home prices, increased mortgage rates, and limited housing inventory, making it harder for younger individuals to enter the market. 

As a result, many are delaying homeownership, leading to an older demographic of buyers. This trend highlights the growing challenges in achieving the traditional milestone of owning a home.

#😂

😂😂 daylight savings hits different

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