The Friday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Ohio Is the Latest State With a CPA Crisis

Add Ohio to the growing list of states scrambling to fix the accountant pipeline. With 65% of its CPAs nearing retirement, fewer students going into accounting, and firms struggling to hire, Ohio is feeling the pinch, just like New Jersey, Minnesota, and Illinois before it.

To stop the bleeding, Governor Mike DeWine just signed a new law making it easier to get a CPA license. Instead of the usual 150-credit rule, candidates can now qualify with a master’s degree and one year of experience or a bachelor’s and two years. The Ohio Society of CPAs is also pushing career programs to bring in fresh talent. With demand for CPAs expected to jump 22% by 2028.

Source: Axios

💎 What’s poppin in accounting

DOGE Says It Saved $55B Is That Real?

Elon Musk’s Department of Government Efficiency (DOGE) is claiming it cut $55 billion in government waste, but the numbers aren’t adding up. Reports show the actual savings might be far lower, leading critics to ask, is this real or just creative accounting?

DOGE’s cost cutting efforts include job reductions, renegotiating contracts, and slashing agency budgets, but much of the reported savings seem to be projections, not actual dollars saved. If this turns out to be fuzzy math, expect Congress and auditors to start digging in.

Source: CPA Practice Advisor

The People Have Spoken 🗳️ We’re Staying 5 Days a Week

The results are in and the majority voted to keep the newsletter 5 days a week. Looks like you all want your daily dose of accounting news and chaos.

So we’re sticking with it. Thanks for voting and let’s keep it rolling!

 📊 Weekly Trend Chart

Bowling Is a Cash Machine and Lucky Strike Knows It

Turns out, bowling is a solid business, and Lucky Strike is proving it. The company has turned high end bowling alleys into cash machines, mixing premium food, cocktails, and nightlife with old-school lanes.

The strategy? Less cheap beer and league nights, more upscale experiences and private events. With rising demand for "experiential entertainment", Lucky Strike is raking in cash while other venues struggle.

#😂

😂 too soon?

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