⬇️ The Thursday Lowdown ⬇️

If you’re new around here, every day I share the 5 best accounting insights I saw in the past 24 hours.

I scroll. so you don’t have to.

💎 WTF of the Day

Firms plan to raise fees next year

Accountants aren't playing around! next year, fees are going up. Yep, firms across the board are gearing up to charge clients more in 2024. Why? It’s a cocktail of inflation, rising salaries, and a new push for "premium" service. Basically, they’re saying, "Want top notch accounting? It’s gonna cost ya."

The big question is, will clients cough up the extra cash, or will they start shopping around? It’s a risky move, but firms are banking on loyalty. Read on to see how much more you might be shelling out!

💎 What’s poppin in accounting

Trump Wins IRS Loses

With President Trump back in office, the IRS's budget could be facing some cuts. His team is looking at rolling back the recent funding boosts, some believe that scaling back could actually streamline tax processes, with fewer audits targeting small businesses and individuals, allowing the IRS to focus on core priorities.

For taxpayers, this might mean less red tape and a simpler, more efficient tax season. For businesses, fewer audits could mean less time and money spent on compliance. We’re watching to see how this plays out for taxpayers and the industry in the coming year.

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[Source]

📊 Weekly Trend Chart

Nvidia keeps beating Earnings

Nvidia’s been on fire, beating earnings estimates quarter after quarter. Thanks to its lead in the AI chip game, it’s even giving Apple a run for its money. But here’s the big question can Nvidia keep up the winning streak?

hardware alone won’t cut it. AI is a complex ecosystem, and the companies that succeed will have to master both software and hardware integration. Let’s see if Nvidia can keep up the pace.

#😂

I'm being called out 😂

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