Happy Presidents’ Day! This’ll be a short news brief since it’s technically a holiday.
Don’t Threaten Accountants With a Good Time
AI isn’t stealing my job, i’ll gladly hand it over
— Andrea Carr CPA (@andreacpa0) February 16, 2026
EYers Get Mad About Receiving Trees For Their Birthdays
This guy who’s a senior consultant in cybersecurity got a belated birthday present from EY and a bunch of people in the Insta comments are butthurt all they get from the firm for their birthdays is a tree planted on their behalf.
While the thoughtful gesture impressed many viewers, the comments section quickly filled with humorous reactions.
“I’m working on wrong EY I guess we only get tree plantation email,” one user joked. Another wrote, “And I have 4 trees planted in my honour in 4 years. Surely working in the wrong EY.”
“EY in Multiverse!!” quipped a third commenter, while another added, “Why I never got this? They plant a tree on my birthday every year — total 3 plants has been planted so far.”
“What’s this luxury version of EY I’m not familiar with?” another user remarked.
It appears the gift he got was a men’s self-care set from Kimirica that goes for ₹1,699 (about $19 USD) on their website. Me personally, I’d prefer the tree.
And You Thought ERC Was Bad
Richard Rubin wrote this for WSJ: Tax Deadlines Accidentally Got Turned Off for Three Years. Now What?
Wait, what?
Oops. So it turns out that Congress may have turned off tax-filing and payment deadlines for more than three years.
A federal court ruled late last year that the tax code’s relaxed rules for disaster victims—combined with presidential disaster declarations during the Covid-19 pandemic—paused required deadlines between Jan. 20, 2020 and July 10, 2023. The ruling means that the traditional April 15 payment date and other required deadlines didn’t actually matter during that period—if the ruling stands after possible appeals.
The fallout is just starting. Some taxpayers argue that the Internal Revenue Service charged them interest or penalties they weren’t required to pay during the pandemic, and they now are seeking refunds and amending tax returns to get money back. Attorneys are racing to file claims before new deadlines expire.
“I think it’s quite unusual and I think it’s potentially a large deal,” said Steve Rosenthal, a longtime Washington tax lawyer. “The IRS is really on its hind heels here.”
Unprecedented times, etc etc.
And The FRC’s Latest Project Is…
First the audit regulator across the pond gives up on audit reform, now this.
Britain’s Financial Reporting Council said on Monday it was consulting on a proposed amendment that would temporarily permit auditors of China-registered companies listing Global Depositary Receipts (GDRs) in London to apply Chinese Standards on Auditing for UK listing purposes.
The proposed amendment is intended to support a shared wider Government objective of boosting UK economic growth and strengthening London’s global market competitiveness, while ensuring that appropriate safeguards remain in place.
The proposed change is narrowly scoped, time‑limited and includes safeguards designed to uphold investor protection and market integrity, pending a longer-term legislative solution.
That should tide you over until the week starts for real tomorrow. Hope you get to chill today and if not, just remember it could always be worse. Email or text anytime if you have a story or tip. OK bye.
