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- The Friday Accrual: January 02, 2026
The Friday Accrual: January 02, 2026
01/02/2025
Investors see ANOTHER return on Masterworks (!!!)
That’s 3 sales this quarter. 26 sales total.
And the performance?
14.6%, 17.6%, and 17.8% → The three most representative annualized net returns.
(See all 26 at Masterworks.com)
Masterworks is the biggest platform for investing in an asset class that hasn’t moved in lockstep with the S&P 500 since ‘95.
In fact, the market segment they target outpaced the S&P overall in that time frame.*
Not private equity or real estate… It’s contemporary and post war art. Crazy, right?
Masterworks investors are typically high net worth, but the point is that you don’t need to be a capital-B BILLIONAIRE to invest in high-caliber art anymore.
Banksy. Basquiat. Picasso and more.
80+ of the world’s most attractive artists have been featured.
511+ artworks offered
$67.5mm paid out as of December 2025
$2.3mm+ average offering size
Looking to update your investment portfolio before 2026?
*Masterworks data. Investing involves risk. Past performance not indicative of future returns. Reg A disclosures at masterworks.com/cd
Accountants Gone Wild
IRS Adjusts Higher Business Mileage Rate, $61,700 FAVR Cap for 2026
IRS increased the standard mileage rate for business use to 72.5 cents per mile for 2026, up 2.5 cents from 2025 under Notice 2026-10. The mileage rate increase applies to every vehicle type, and reflects updated fixed and variable operating costs identified in the IRS’s annual study.
Medical and qualifying moving mileage rates fall to 20.5 cents per mile, while the charitable rate stays at 14 cents. Depreciation rises to 35 cents per mile, the FAVR auto cap increases to $61,700, and taxpayers might choose actual vehicle expenses instead of the standard rate.
Cool Accounting Facts!
Did you know the first U.S. CPA exam tested more than accounting?
Back in 1896, aspiring CPAs were proving their mastery of arithmetic, and moral character. It wasn’t just about crunching numbers — handwriting and trustworthiness were also important.
Candidates faced two days of grueling questions on bookkeeping, partnerships, and accounting problems. Only three brave souls passed the inaugural exam, paving the way for the profession.
So next time you’re nervous over your spreadsheets, remember: your accounting ancestors were judged not only for their calculations, but also for how elegantly they could wield journals.
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Numbers Don’t Lie
AICPA Searching for IRS Guidance on CAMT Partnership Complexity
AICPA asked the Treasury and IRS to clarify how CAMT applies to partnerships, saying IRS Notice 2025-28 is overly complex and leaves questions unresolved. Groups warned the lack of guidance produces compliance burdens and inconsistent reporting.
While Notice 2025-28 allows simplified top-down and limited taxable income, AICPA and KPMG noted the provisions remain complex. AICPA urged guidance on CFC interactions, tax-related income items, CAMT basis tracking, and AAR filings to minimize risk.
Twitter Showdown
“Numbers that Haunt”
Accountant 1: “I’m really into suspense.”
Accountant 2: “Like horror movies?”
Accountant 1: “No, financial statements.”
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