The Daily Lowdown - October 9 2024

⬇️ The Wednesday 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

Arizona Forgot Its Financial Report

Arizona was supposed to release its financial report back in March. Fast forward to today it’s still MIA, and no one’s offering real answers.

The excuse? Problems with their accounting system and not enough staff to handle it. But let's be honest, this feels like more than just a tech glitch.

People in Arizona are wondering what’s really going on. When a state can’t get its finances in order, you’ve got to wonder who’s running the show.

💎 What’s Poppin in Accounting

QBI Deduction on the Chopping Block

Accounting Salaries Set to Rise 9% by 2025

Public accountants, listen up: starting salaries are expected to jump 9% in 2025. Why?

Firms are desperate for talent and throwing cash to attract fresh blood. But before you get too excited, remember, more money doesn’t mean less work. You’ll still be grinding, just with a slightly fatter paycheck.

So yeah, you’ll be paid more, but don’t expect those 80-hour weeks to disappear anytime soon.

💎 Did you know?

 60% of the World’s Money Doesn’t Exist in Cash

This one’s a trip, 60% of the world’s money isn’t cash, it’s just numbers on a screen.

That’s right, most of the “money” in circulation is digital. Think about it, when’s the last time you saw anyone use actual cash? The age of digital currency is here, and cash is slowly becoming a relic.

#😂

Wholesome dad! 😂

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