⬇️ The Wednesday Lowdown ⬇️

If you’re new around here, every week I share the 5 best accounting insight I saw in the past 7 days.

I scroll. so you don’t have to.

Let’s get to it!

💎 WTF of the Day

$30M Tech CEO Fraud

This tech CEO faked $30M in sales to fool investors, using made up contracts and inflated revenue. The SEC caught on, and now he’s facing charges. The takeaway? No matter how shiny the pitch, always verify the numbers because someone might be playing you.

(Source: Accounting Today)

💎 What’s Poppin in Accounting

Private Equity’s Growing Role in Accounting

The entry of private equity into the accounting profession is shaking things up in unexpected ways. With more firms considering going public or expanding globally, this trend could reshape the industry for years to come.

The lesson? This shift presents both opportunities and risks. For firms, adapting to these changes will be crucial. The ones who embrace new ownership models and growth strategies will thrive, while those stuck in the old ways may get left behind.

#3 💎 Did you know?

Did you know that the IRS processes over 240 million tax returns and collects more than $3.5 trillion each year? Here’s the wild part: almost 90% of that revenue comes from just three sources income taxes, employment taxes, and corporate taxes. And get this 95% of those returns are processed by automated systems, so most of the heavy lifting is done by tech, not humans.

With all that automation, you'd think they'd have found a way to make doing taxes a little less painful for the rest of us by now!

(Source: IRS Stats)

#4 💎 Daily Trend Chart

Advisory vs. Compliance? Why Not Both?

For years, CPAs were told to choose: compliance or advisory? The reality is you don’t have to. New data shows firms that offer both are doing just fine—maybe even better.

The upside? You get the best of both worlds: steady revenue from compliance and the higher profit margins that come with advisory.

The downside? Doing both is tough. If you stretch too thin, your service quality can dip, and you risk being mediocre at both.

The lesson? There’s room for both, but don’t try to juggle it all unless you’ve got the resources and focus to pull it off.

#5 😂

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