Accountant Burnout, a $1,700 Tax Break, and Boomers’ $97 Trillion Stash

Good morning. Here’s your quote of the day to start strong

“Find out who you are and do it on purpose.” - Dolly Parton

I share the 4-5 most important accounting that actually matter. I scroll so you don’t have to.

So grab your coffee, take a quick break, and lets catch up.

Today’s Ledger:

Getting people into accounting is one thing. Giving them a reason to stay is another. IFAC, the global accounting body, just released six principles aimed at making careers more sustainable. The list includes healthy work boundaries, clear paths to grow, trust, and bosses who practice what they preach.

These are guidelines, so don’t expect your workload to shrink tomorrow. But the message is clear. Keeping good accountants takes more than recruiting them. Firms also need to build a place where people can do good work without running themselves into the ground.

Read the article

Teams like Parallel, Turbopuffer, and Wordsmith are already setting the pace on Attio. Get an always-on revenue engine, with agents and workflows that build pipeline, chase every buying signal, and move deals forward with your team. Whether you're working in your browser, inbox, or favorite agent, connect to your customer data in real-time through Attio's web app, MCP, API, and SDK.

Try Attio now

Starting in 2027, cash donations to approved school scholarship groups can cut your federal tax bill by up to $1,700. That’s a credit, not a deduction. A qualifying $1,700 gift could mean $1,700 less in taxes. You can’t also write off that gift, and the credit won’t pay back more than you owe.

The catch? States must opt in for their students to benefit. Yours sits out? You can still donate to an approved group in a participating state. Scholarships can cover private school tuition and certain public school costs, like tutoring. The program is law, but Treasury’s new rules are still proposals.

Read the article

Boomers hold more than half of America’s household wealth. But this isn’t a scoreboard of who worked hardest. Older people have had decades to save, invest, and pay off homes. Millennials and Gen Z are still building their pile.

The more interesting question is where that money goes next. More than $29 trillion will change hands in the U.S. over the next 20–25 years. Houses, stocks, family businesses. Today’s wealth gap could become tomorrow’s inheritance. And for accountants, that means families with a lot of money and a lot of questions.

😂

If you’re interested in getting your product or service in front of accountants, CPAs, and firm owners, just reply to this email to see if you’re a good fit to partner with Ledger Lowdown.