The Friday Accrual: December 05, 2025

Accountants Gone Wild

Democrats Against Proposed R&D Tax Break for Mega-Corporations

Democrats are pushing back on proposed Treasury carve-out letting mega-corporations like Amazon and Microsoft claim massive R&D deductions. Experts warn it might create billions in windfalls without incentivizing new economic activity, draining the U.S. Treasury.

The dispute arises from interaction of the 15% corporate minimum tax and recent GOP-backed R&D spending rules. Some companies think tanks call the carve-out a fix for unintended tax impacts, Democrats argue it’s just giveaways favoring billion-dollar corporations.

Source: CPA Practice Advisor

Cool Accounting Facts!

Did you know the word “accountant” meant to purify numbers?

“Accountant” comes from Middle English accounten, Old French aconter, and Latin computare, meaning “to calculate,” rooted in putare — “to prune.”

From ancient clay-tablet recorders to medieval ledger-keepers, the profession has consistently adapted besides language and society regardless of time. 

So when you call yourself an accountant, you’re using a title shaped by centuries of refinement — a modern position with impressively ancient roots.

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Numbers Don’t Lie

FASB Releases Guidance and Disclosures Provisions for Gov. Grants

FASB released ASU establishing the first authoritative GAAP guidance for business entities receiving government grants. The update clarifies definitions, recognition, measurement, and disclosure requirements to address ongoing investor demands for transparency.

The revised standard excludes nonprofits, employee benefit plans, income taxes, below-market loans, and government guarantees. Public companies are required to follow said provisions after December 15, 2028, with other corresponding entities following in 2029.

Source: Accounting Today

Twitter Showdown

“Personal Business”

Accountant A: "Whew! I finally balanced the statements!"

Accountant B: "Congrats! Did they start crying in relief?"

Accountant A: "Nope… they just filed complaints instead."

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