⬇️ The Monday 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

Australia's Central Bank Is Losing Money

Wait, a central bank in the red? Yep, the Reserve Bank of Australia (RBA) just took a financial hit. Rising interest rates are devaluing their massive stash of government bonds, leading to unexpected losses. 

This twist could have real implications for Australia's economy.

Read the full story here

💎 What’s poppin in accounting

Scammers Are Tricking the IRS

Wait, the IRS is getting scammed? Yep. Fraudsters are pretending to be legit tax pros on the IRS's tax practitioner hotline to steal sensitive taxpayer info. A report from the Treasury Inspector General for Tax Administration (TIGTA) says these scammers are slipping past weak security checks and fooling IRS agents into giving out Social Security numbers and other personal details.

Source: Treasury Inspector General for Tax Administration Report

 📊 Weekly Trend Chart

America's Empty Offices Are Losing Value Fast

Remember when office buildings were buzzing with life? Well, not so much anymore. Across the U.S. vacant office spaces are piling up, and their value is dropping like a rock. 

With remote work sticking around, cities are grappling with what to do with all this empty real estate. It's not just about unused space, it's a hit to local economies and the future of urban landscapes. 

So what's the real cost of all these empty offices, and can anything be done to turn things around?

#😂

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