The Thursday 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

Accountants Are Too Boring to Cheat

A divorce attorney just dropped a wild claim Accountants are the least likely to cheat on their spouses. Turns out, being buried in spreadsheets all day doesn’t leave much time for sneaky side relationships.

The theory Accountants are risk-averse, detail-obsessed, and too busy during tax season to pull off an affair. Meanwhile, entrepreneurs and salespeople? Way more likely to get caught up in extracurricular activities. So if loyalty is a must, maybe marry a CPA.

Source Going Concern

💎 What’s poppin in accounting

AICPA Cracks Down on PE Cash Grab

Private equity is throwing cash at accounting firms, and now the AICPA is updating independence rules to keep things in check. With PE backed firms on the rise, regulators want to make sure auditors aren’t too cozy with the companies they’re supposed to be watching.

The problem? More money means more potential conflicts of interest. As PE keeps buying up firms, expect tighter rules, more scrutiny, and maybe some pushback from firms loving the payday.

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It’s like getting a tax refund, but better. Plus, because you’re part of the Ledger Lowdown crew, you get 20 percent off your first order with code CPA20.

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 📊 Weekly Trend Chart

Amazon Owns America Now

Over 75% of U.S. adults had Amazon Prime in 2024, making it basically a utility at this point. The company also delivered 9 billion items same-day or next-day last year, proving that once you're in the Prime ecosystem, you never leave.

At this point, Amazon isn’t just a retailer, it’s the default way Americans shop. With that level of dominance, expect them to keep jacking up prices and locking in more perks to make sure you never hit “cancel subscription.”

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