The Thursday Accrual: October 30, 2025

Profit & Loss Report

IRS Eliminates 5% Safe Harbor Rules, Physical Work for Energy Credits

After the OBBB and IRS Notice, wind and solar projects are now under stricter tax credit rules. Developers must construct before July 4, 2026, rely on physical work, and maintain progress as the 5% safe harbor gets removed.

Experts urge documentation and early tax planning to avoid disqualification. With off-site manufacturing getting less viable, on-site work is becoming essential to meet the IRS’s new “facts-and-circumstances” standards.

Source: Thomson Reuters

Rare Accounting Oddities

If Excel had loyalty programs, how many points would you collect?

Did you know the average U.S. accountant in 2023 processed over 200,000 spreadsheet cells yearly? That’s more than 5,000 cells with formulas!

Behind every reconciled figure is a CPA juggling insights and deadlines. Each cell ignites a story of precision and quiet triumph (when errors get fixed).

So next time you’re looking down an Excel file, remember — you’re now orchestrating a 200,000-cell symphony of logic, detail, and mastery.

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Journaling Insider

ADP Launches Weekly Payroll Updates Covering U.S. Employees

ADP has launched weekly payroll reports covering 26 million private workers after ending its data sharing with the Fed. The first release shows a modest payroll gain of 14,250 over four weeks, signaling decreases in hiring recovery.

Amidst the shutdown halting official data, ADP’s updates now replace critical gaps. Partnered with Stanford, the firm reports lukewarm rebounds following September’s 32,000 job losses as massive companies announce layoffs.

Source: CPA Practice Advisor

Making Cents of Accounting

“Audit Season Blues”

Accountant 1: How’s audit season treating you?

Accountant 2: Like an overdrawn account — empty and full of regrets.

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