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

Texas Blocks Transparency Law - Again

The Corporate Transparency Act (CTA) is supposed to crack down on shady shell companies by making businesses report their real owners. But a Texas judge just blocked it for the second time, saying it’s too much hassle for small businesses and might violate privacy.

This lawsuit, led by conservative groups, claims the law is unconstitutional. Supporters argue it’s key to fighting money laundering, but for now, the CTA’s future is looking shaky.

Source: Bloomberg Law

💎 What’s poppin in accounting

Grant Thornton CEO Calls It Quits

Grant Thornton’s CEO, Seth Siegel, has abruptly stepped down, effective immediately. After more than 27 years with the firm, and just over a year as CEO, Siegel’s sudden exit has left people scratching their heads.

No official explanation has been given, and there’s no word yet on who’s taking his place. It’s a big shake up for one of the largest accounting firms in the world.

Source: Going Concern

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 📊 Weekly Trend Chart

How John Deere Prints Money

John Deere isn’t just selling tractors, it’s selling the future. With self driving tractors and advanced tech, Deere is making billions by solving big problems like the global farm labor shortage.

The company has transformed into a tech powerhouse, using AI and automation to boost productivity for farmers. This strategy isn’t just about farming, it’s about redefining agriculture as a high tech industry.

#😂

has to be the worst feeling 😂

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