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

SEC Clocked Out

The SEC’s accounting enforcers hit snooze in 2024, with enforcement cases dropping 25% in Gensler’s (former chairman of SEC) final year. That means fewer fines, less oversight, and way more wiggle room for sketchy bookkeeping. The SEC says this is “natural fluctuation” (sure), but critics argue they just stopped caring.

If you thought accounting scandals were a thing of the past, think again, less enforcement could mean the next big blow up is already brewing.

Source: Yahoo Finance

💎 What’s poppin in accounting

Congress Might Actually Do Something Useful

Lawmakers are trying (again) to bring back full R&D expensing, the tax break that let businesses write off research costs immediately instead of dragging them out over five years. If you’re wondering why this matters, just ask any startup or tech company that saw their tax bills skyrocket after the 2022 rollback.

This bill would flip the switch back to the old rules, making it cheaper for businesses to invest in new tech, medicine, and, let’s be honest, probably some weird AI projects. But with Congress being, well, Congress, expect plenty of political drama before anything actually happens.

Source: Tax Notes

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 📊 Weekly Trend Chart

Gap’s Stock Is Back… Again

Gap stock is surging…again. This time, it’s up nearly 70% this year, making it one of the S&P 500’s top performers.

But if you’ve been around, you know the drill: Gap soars, then tanks. It happened in 1998, 2012, 2017, 2020, and 2024. Investors are betting that new CEO Richard Dickson, the guy who turned Barbie into a billion-dollar movie, can finally fix Gap’s decades long identity crisis.

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