⬇️ The Wednesday 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

Miami Accountant Busted for $2.8M HOA Heist

This Miami accountant had it all figured out…until he didn’t. He’s accused of secretly pocketing a whopping $2.8 million from the HOA he was hired to help manage. 

For years, he allegedly funneled cash from the HOA, leaving local residents stunned and asking, "How did this go on for so long?" As of now, he’s been arrested and charged, but the final sentencing is still pending as the investigation continues

Source: MSN

💎 What’s poppin in accounting

Delaware Firm Makes Power Move with Merger

Delaware accounting firm Cover & Rossiter has merged with The Bonadio Group, a top 50 U.S. accounting firm headquartered in New York. 

This strategic partnership aims to enhance services and broaden the regional footprint of both firms. The merger is expected to provide clients with expanded resources and expertise, reinforcing the firms' commitment to delivering high quality accounting and advisory services.

Source: Delaware Business Times

💰 Todays Deal

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China’s Trade Surplus Keeps Stacking Up

China’s growing trade surplus is a double edged sword. On one hand, it means China’s economy is strong in exports, bringing in cash and bolstering their economy. But it’s not all good news, when a country sells way more than it buys, it can rub other nations the wrong way. 

The U.S. for example, might slap on new tariffs to “even things out,” especially with Trump’s comeback. So while China’s riding high now, this trend could stir up some serious trade drama down the line.

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