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

Massachusetts CPAs Sound the Alarm

Massachusetts CPAs are raising red flags about recruitment and retention. Firms are struggling to fill roles as fewer students pursue accounting degrees, and experienced pros leave for better-paying industries.

Many firms are doubling down on tech to streamline workflows and make jobs more appealing, while others are offering better benefits and flexible work options to keep talent.

The talent shortage isn’t just a local issue, it’s a nationwide problem that could reshape how firms operate for years to come.

Source: MassCPAs Report

💎 What’s poppin in accounting

FASB Says ‘No’ to Credit Risk Changes

Credit risk transfers are a way for lenders (think banks) to offload the risk of loans going bad, like packaging up mortgages into securities and selling them. Some people wanted FASB (the accounting rule-makers) to make new rules to clarify how these transfers should be reported in financials.

But FASB just said, “Nah, we’re good.” So, nothing changes. Banks and companies will keep using the current, messy rules, which some say are confusing and inconsistent. 

Translation: accountants will still have to do mental gymnastics to figure this stuff out.

Source: CFO Dive

💎 Wreck 1099s Before They Wreck You.

1099s Suck. Keeper Makes Them... Not.

Every January, accountants face the same nightmare chasing down W-9s like their lives depend on it. Keeper steps in and says "Not today"

Keeper plugs into your QuickBooks or Xero, hunts down vendors who need a 1099, and makes your life a whole lot easier.

Missing a W-9? No sweat, fire off a request straight from the Client Portal. Boom. Done. Stress gone

This isn’t just software. It’s your January lifesaver. W-9 collection, automated, simple, and dare I say actually enjoyable

👉 See how Keeper makes it easy

 📊 Weekly Trend Chart

America’s Most Trusted Professions

Nurses are crushing it with a 79% trust rating, topping Gallup’s poll of the most trusted professions, again. Doctors and pharmacists rounded out the top three.

Fun fact: Nurses have been #1 every year since 1999, except for one year (shoutout to firefighters in 2001).

Accountants are pretty solid on the trust scale, better than execs and telemarketers, but nowhere near nurses or doctors. The problem? Scandals (think Enron vibes) and the fact that most people don’t really get what accountants do.

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