The Daily Lowdown - November 29 2024

The Friday 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

Washington State Accountant Steals $715,000

For eight years, an accountant quietly funneled $715K from her employer into her own account. How did it all fall apart? She showed up to a financial review meeting, and the numbers didn’t lie.

Now she’s facing two years in prison, a shockingly short sentence for almost a million-dollar heist. Eight years of skimming for two years behind bars? Some might call it a calculated risk.

💎 What’s poppin in accounting

Hackers Are Eyeing Aussie TFNs

Hackers are on the hunt for Australian tax file numbers (TFNs), and accounting firm HLB Mann Judd is sounding the alarm. With personal data being a goldmine on the dark web, TFNs are prime targets for fraud. The warning? Businesses and individuals need to tighten up their data security—or risk being the next victim.

Cybercrime isn’t slowing down, and if you’re not protecting your clients’ info, you’re basically leaving the door wide open.

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 📊 Weekly Trend Chart

Everyone’s Dodging Politics at Thanksgiving

Here’s something everyone can agree on: politics and turkey don’t mix. According to recent data, people across all ages, genders, and races are steering clear of political debates at Thanksgiving. Turns out, the only debate happening this year might be over pumpkin pie vs. pecan.

Why the shift? Maybe folks are just tired of the drama, or maybe they’ve realized it’s easier to avoid chaos when the cranberry sauce is involved. Either way, politics are officially off the menu.

#😂

bank rec made me rolling  😂

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