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

Grant Thornton’s Bahama Bash Before the Layoffs

Grant Thornton partners allegedly treated themselves to a luxurious getaway in the Bahamas just before announcing another round of layoffs. The company has been cutting jobs over the past year, and this trip’s timing feels like a slap in the face to employees.

While staff braced for more cuts, the partners soaked up sun and luxury, reportedly funded by the firm. It's raising questions about leadership priorities and corporate responsibility, because nothing says “we’re tightening our belts” like sipping mojitos on a beach before handing out pink slips.

💎 What’s poppin in accounting

Trump's Tax Policy 2.0

Trump’s latest tax plan outlines 11 big changes that could reshape how Americans handle their money. Here are the key highlights:

• Permanent Tax Cuts: Extending individual and small business cuts from 2017’s TCJA.

• Corporate Tax Drop: Lowering corporate rates from 21% to 15%.

• SALT Cap Removal: Eliminating the $10,000 limit on state and local tax deductions.

• Capital Gains Cut: Dropping rates to 15% for investments.

• Estate Tax Repeal: No more "death tax."

• Child Tax Credit Boost: Increased support for families.

It’s a mix of growth focused cuts with questions on deficits and fairness.

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 📊 Weekly Trend Chart

Sony Bets on Handhelds as PS5 Sales Slow

With PS5 sales cooling off, Sony is banking on a new handheld console to reignite excitement. Designed to challenge Nintendo’s portable gaming dominance, this device could mark Sony’s big comeback in the handheld space.

Sony doubling down on innovation to stay ahead in a crowded gaming market. Can they deliver a game changer, or will it be another Vita?

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