This doesn’t really have anything to do with accounting but I’m going to find a way to hamfist it in here anyway: EA is going private in “the largest leveraged buyout of all time.” Yes, that EA.
Watch as I make this relevant to things Going Concern actually covers. According to WSJ’s exclusive, the investors are private equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s investment firm Affinity Partners. You may remember Saudi Arabia’s Public Investment Fund as the group that nerfed PwC UK’s Middle East business when they banned PwC from contracts for a year in 2024.
Came across this not-at-all-veiled ad for a Latin American outsourcing company in Yahoo! that has a handy dandy chart of salaries if anyone wants to see that this morning. Really not sure about these numbers, you guys.
While we’re discussing salaries let’s hit this one: Gen Z is reviving jobs millennials think are ‘boring’ and they’re earning a fortune in the process
IT’S ACCOUNTING.
Gen Z is reviving jobs millennials think are boring, and they’re earning a fortune in the process, according to a new report.
When you think of an accountant, you probably imagine someone clicking a calculator all day long in a lackluster office building. A 2022 study cited by the financial magazine Fortune found accounting to be the second-most-stereotypical job of boring people, following data analysis.
But Fortune says, “Gen Z is realizing the six-figure career opportunity” in an article published Thursday.
Fortune article: Gen Z is reviving this boring job that millennials and boomers abandoned—and it’s helping them land six-figure careers straight out of college
Alright so if this is remotely true then firms can stop talking about how the accountant shortage is forcing them to hire so many offshore people, right? And this means the majority of interns will be guaranteed offers at the end of their internships again, right??
Now a story about the IRS being broken. According to the NBC affiliate in Boston, the IRS’s janky-ass systems are sending out scary erroneous notices to taxpayers.
A local accountant has a warnings about an IRS error that resulted in incorrect penalty notices being sent out to certain taxpayers.
Peter Lefkowitz thought something didn’t add up when he received a letter from the IRS.
It was a notice about a balance due.
“We received the notice in May. My immediate call was to our accountant, who explained that, in fact, we had paid what was required,” said Lefkowitz, who lives in Newton, Massachusetts.
He’s been working with his accountant, Jeff Levine, for over 30 years — so, when Lefkowitz received a second letter from the IRS, he started to get worried.
This time, it was a final notice of intent to levy.
“Receiving a notice of levy from the IRS is very concerning,” said Lefkowitz.
Despite the now two warnings, Levine said the IRS told him the notices were sent in error — and he was not alone.
Shout-out to Jeff Levine for putting up with this crap for more than 30 years. We salute you, guy.
In other tax news, xeets like these are why I love Tax Twitter. Idiots like me learn something new every day!
The labeling as “ponzi” and “fraud” for Tai Lopez’s investors is important for tax reasons.
— Roger Ledbetter (@rledbetterCPA) September 28, 2025
This can help investors take these losses as “theft” losses rather than capital losses.
Theft losses are deductible in the year discovered and not limited to the $3,000 annual limitation… pic.twitter.com/nBzlGVOfbF
In case you don’t know what he’s talking about: Buyers of Radio Shack, Pier 1 Imports and other brands accused of running $112 million Ponzi scheme. We’ll probably write that one up later only because it’s kinda funny.
OK, it’s a short news brief today. Reach me via email or text if you have a tip, have a link to share, or feel the need to vent to a stranger who is mildly interested in the tedium of your daily life. Have a good week!