⬇️ The Monday 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

From Burgers to Big Trouble: A $613K Tax Bill

Imagine this, your spouse owns a booming Whataburger franchise. Then they pass away, and instead of just dealing with grief, you’re slapped with a $613,000 tax penalty. The reason? 

Unpaid payroll taxes from the business that the IRS says she’s responsible for as the executor of the estate. Turns out, running a burger empire doesn’t shield you from tax nightmares.

Source: Bloomberg Tax

💎 What’s poppin in accounting

Fastest Growing Firms: Powered by AI

The fastest-growing accounting firms have cracked the code, and it’s not just spreadsheets and tax returns. It’s AI. From automating client workflows to crunching data at lightning speed, firms using AI are pulling ahead of the competition.

It’s not just about staying relevant, it’s about dominating the industry.

Source: AFR

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 📊 Weekly Trend Chart

 Young People Are Breaking the Bank for Live Gigs

Live Nation just reported a record-breaking year, and it’s not hard to see why. Gen Z and Millennials are splurging on live concerts, even if it means overspending.

With attendance numbers skyrocketing and ticket prices climbing, it’s clear: experiences are the new luxury.

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