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- Accounting jobs just got hit
Accounting jobs just got hit
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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:
Accounting jobs got hit.
HSAs got a small raise.
Star Wars got humbled.
WTF of the Day🤯
Accounting jobs took a weird hit
The jobs report looked good at first. Employers added 172,000 jobs in May. March and April were also changed to show more jobs than first reported. So the economy looked stronger than expected.
Then accounting got punched in the mouth. Accounting, tax prep, bookkeeping, and payroll firms lost 5,400 jobs. That is strange because small businesses are hiring again. Paychex says small firms have added jobs for three months in a row.
Small businesses may need more help with payroll, cash flow, and planning. But accounting firms just lost people. So the work may be growing while the bench gets thinner.
And that is a bad combo. More client questions. Fewer people to answer them. More pressure on firms that were already stretched thin.
What’s poppin in accounting🍿
HSA limits are going up in 2027
The IRS dropped the 2027 HSA numbers. Self-only coverage goes to $4,500. Family coverage goes to $9,000. Not life-changing money. But enough that every benefits email in America will soon act like Congress cured healthcare.
Here’s what actually matters. HDHP deductibles rise to $1,750 for self-only and $3,500 for family plans. Out-of-pocket maxes jump to $8,700 and $17,400. The 55+ catch-up stays stuck at $1,000. And excepted-benefit HRAs move to $2,250.
But the sneaky part is direct primary care. Under the new law, some DPC memberships will no longer kill HSA eligibility if the fee stays under $150 per month. That is the client question coming next.
Source: journalofaccountancy
Weekly Trend Chart 📊
Is Star Wars Still A Force At The Box Office?
A tiny horror movie just did something Disney should hate. Backrooms, a $10 million film based on old internet creepypasta, opened to $118 million worldwide. It was made by Kane Parsons, a 20-year-old YouTuber. And it just gave A24 its biggest debut ever.
That was not the only weird part. Obsession, another horror film made by a Gen Z creator, has now made $148 million worldwide. Its reported budget was only $750,000. That is not a movie return. That is buying a vending machine and finding an oil well inside.
Meanwhile, The Mandalorian and Grogu is moving the other way. The Star Wars film dropped about 70% in its second weekend and made $24.4 million. Its worldwide total is now around $249 million against a $165 million production budget before marketing.
So Hollywood has a problem. Sequels still work when people actually care. But they are not magic money buttons anymore. The internet is now building cheaper franchises with real fans before studios even show up. And those fans may be worth more than another giant nostalgia machine with Baby Yoda glued to it.
Meme of the Day😂
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