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Report reveals the toll of the first DOGE cuts on the IRS.

Hi, hi. It’s Monday. In May, as the balance sheets lay, the numbers they started to sway. As costs stayed in line, revenue it did shine. And profits danced on the display. (It’s National Limerick Day.)

In this issue:

🪓 Costly cuts

Refresher course

CFO Gold

Jesse Klein, Courtney Vien, Drew Adamek

IRS

IRS cuts

Peter Blottman Photography/Getty Images

The IRS lost 31% of its revenue agents and 18% of its revenue officers through March of this year, according to a report by the Treasury Inspector General for Tax Administration (TIGTA). The losses could significantly impair the IRS’s ability to identify and go after tax dodgers: Revenue agents examine tax returns for possible violations, and revenue officers collect delinquent taxes.

The IRS also lost 10% of its tax examiners, the front-line workers who process tax returns, and 10% of its customer service personnel in that same period, the report showed.

The TIGTA report examined the effects of the first few rounds of DOGE buyouts and job cuts on the IRS. All told, the agency lost around 11,000 people, or about 11% of its workforce, through March. At least 7,315 probationary employees were fired in January, and 4,128 staffers took deferred resignations within the first three months of the year, TIGTA found.

These job cuts affected some of the IRS’s business units more than others. Its tax exempt and government entities unit was hardest-hit percentage-wise, losing 694 people, or slightly less than a third of its workforce (31%). Its large business and international unit lost 1,733 employees, or 25% of its workforce, and its small business/self employed unit lost 5,765 personnel, or 23% of its workforce. Taxpayer services lost 4% of its personnel, or 1,714 people.

Legislation is pending that could reverse some of the job cuts, though the Supreme Court paused a ruling by federal courts that would require agencies to rehire fired probationary workers.

For more on the impact of DOGE cuts on the IRS, click here.CV

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ACCOUNTING

Cheat Sheet

Francis Scialabba

The world is…let’s be generous and say tumultuous at the moment. Tariffs, economic uncertainty, rapid tech change, and a falling dollar are landing squarely on finance and accounting professionals’ desks. There’s a lot to deal with, and it can be easy to neglect some of the fundamental skills and tools for your role when it feels like most days are spent putting out fires.

But don’t worry, we’re here to help. We sifted through many—oh, so many—humblebrags, barely disguised pitches piggybacking on bad news, and desperate cries for attention on LinkedIn to find useful cheat sheets on finance and accounting technology.

Our usual disclaimer to the wise: You should always look for additional resources and expertise when doing complicated finance (or accounting) work, because it can be difficult to accurately sum up sophisticated concepts in a short space.

With that said, take a look at these useful accounting technology cheat sheets CFO Brew recently found on LinkedIn.

  • Christian Martinez, How to master data storytelling. With the dizzying pace of economic and trade disruption happening right now, finance pros need to communicate what’s happening as numbers and forecasts change. Martinez, finance transformation senior manager at Kraft Heinz, offers eight data visualization tips and tools for better communicating financial data.

For more accounting technology tips, click here.DA

CFOS

Growth strategy cfo

Sakchai Vongsasiripat/Getty Images

Chad Gold might have the most perfect name for a CFO—he will admit it himself. And he lives up to that name, having been the CFO for five companies in his more than 20 years of financial experience. Earlier this year, he became the CFO of Fullstory, a customer lifecycle software service. He joined as the company was experiencing significant growth, a challenge he’s familiar with from his time at other growth-oriented companies.

CFO Brew sat down with Gold as part of our My First Day series to understand how he thinks about his new role and how he makes decisions at an AI-driven, growth-first company amidst economic uncertainty.

This interview has been edited for length and clarity.

You came into this role at a time of a lot of economic uncertainty. How does that inform how your department makes decisions?

Finance’s responsibility is to look around corners and marry the external environment with, are we seeing changes in our own business performance? So making sure that we’re not making one-way-door decisions. We’re being aggressive, but we’re also being conservative at the same time. You’re constantly watching the dials of the business, and if you see things change, you could take a step back and pause for a second and really analyze it.

Click here to keep reading.JK

Together With Paystand

MARKET FORCES

market forces chart

Francis Scialabba

Today’s top finance reads.

Stat: Negative 0.8% annualized rate. That’s how much US worker nonfarm productivity, which measures hourly output per worker, fell this quarter, according to the Bureau of Labor Statistics. Guess all the uncertainty has workers preoccupied. 🫣 (Reuters)

Quote: “The problem is that our obsession with making the business case for ethics makes us sound apologetic and hollow. After all, there is also a business case for tax avoidance, deregulation, and even higher death rates.”—Alison Taylor, a clinical associate professor at New York University’s Stern School of Business, on whether doing the right thing should have a profit motive (Harvard Business Review)

Read: Spotify fired its curation team. Then came the awful playlists. Shocking. (Business Insider)

Build better processes: Oh hey, AvidXchange can help with that. They showed Peak Property Management how to replace their manual AP process with automation to save time, streamline approvals, and improve supplier relationships. Automate away.*

*A message from our sponsor.

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