The Thursday Accrual: October 16, 2025

October 17, 2025

10/16/2025

Accountants Gone Wild

Trump’s $100K H-1B Visa Faces Pushback from Chamber of Commerce

U.S. The Chamber of Commerce sues the Trump administration over its new $100,000 H-1B visa application fee,  pursuing it violates federal immigration law and harms American businesses. The policy would make hiring skilled foreign talent costly, especially for startups 

The White House defends the visa application fee “protects American jobs” and prevents visa system abuse. With tech giants like Amazon, Microsoft, among the biggest H-1B users, the lawsuit could have major implications for U.S. employee hiring and global competitiveness.

Cool Accounting Facts!

Noticed how some accounting books have more footnotes than pages?

Accounting loves its blueprint- however, footnotes are where the real stories begin. They reveal which accounting decisions are shaping the financial statements you see.

In many company filings, the “Notes to Financial Statements” section is longer than the actual balance sheet itself! That’s because realistic accounting often hides in the margins.

So next time you’re surviving another 1,500-page textbook, don’t skip the “irrelevant” footnotes. They’re the accountant’s version of plot twists— small texts with big revelations.

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Numbers Don’t Lie

Moreno’s HIRE Act Targets Offshore Labor, Faces Senate Opposition

Senator Bernie Moreno’s HIRE Act proposes a 25% tax on outsourcing payments to foreign service providers benefiting U.S. consumers. The government measure aims to fund U.S. workforce programs and discourage U.S. companies from sending jobs overseas.

Tax experts warned the bill might create a 46% effective tax rate and even lead to triple taxation for multinational businesses. While it faces long odds in Congress, the proposal has sparked major concerns across taxation groups and the accounting community worldwide.

Twitter Showdown

“Busy Life Season”

Accountant 1: Haven’t slept in two days.

Accountant 2: Audit season?

Accountant 1: No, my Excel file crashed.