08/06/2025

Well, hi there! Sit back, enjoy, and relax as you’re currently on the Daily Accrual.

Every day, I sift through the accounting noise so you don’t have to. I share to you the most relevant, juicy accounting insights that really matter – nothing phony, just some good, accounting testimony! 

💸 Profit & Loss Report

President Trump abruptly ended clean energy tax credits originally set through 2030s, cutting off financial support on wind and solar projects. Under the new law, projects must begin construction by July 4, 2026, and operational by the end of 2027 to qualify. In response, states are rushing to fast-track permitting, grid connections, and save projects due to sudden change.

Industry leaders warn the rollback increases electricity prices, slow clean energy deployment, and shifts investments toward blue states instead. Trump falsely called renewables expensive and unreliable, despite statistical evidence portraying otherwise. Critics have forecasted electricity rates could increase 9–18% by 2035, costing households an extra $170 annually.

Source: CPA Practice Advisor

💎 Rare Accounting Oddities

Meet St. Matthew the Evangelist, a Gospel writer who used to be a tax collector. He is currently the official patron saint of accountants, bookkeepers, and tax professionals worldwide. 

Before sainthood, Matthew worked at Roman tax booths in Capernaum. However, when Jesus said “Follow me,” he left the numbers game and started evangelizing, writing the first Gospel of the New Testament.

He’s celebrated on September 21, being the heavenly support for anyone wrangling numbers. So next time reconciliations feel like a miracle, just remember: St. Matthew’s watching over your balance sheets.

You’ve mastered closing ledgers blindfolded. But when someone mentions HIPAA compliance, you suddenly remember an urgent appointment.

Enter Wisdify’s Healthcare Accounting Series with healthcare-accounting courses discussing what healthcare regulations unusually do: make sense.

🔎 Course 1: Tax Audit Management

This course turns your nightmares into manageable spreadsheets. Whether you’re working with hospital tech startups, understanding how to prepare for and survive audits is mission-critical.

You’ll learn how to: 

• What triggers audit and how to avoid raising those penalties

• How to organize documents like a seasoned auditor’s dream

• How to lead group response when legal team begin sweating

• Dealing with various IDRs without misplacing your ID details 

🧩 Course 2: Audit Administration Mastery

You’ve heard healthcare terms already, now start learning how to wield like a pro, even in the difficult world of healthcare systems, insurance providers, and compliance-riddled patient data.

This course gives you:

• The full auditing life cycle, from scoping data to reporting

• Methods for evaluating risks in healthcare financial data

• Documentation techniques passing regulator standards

• Techniques for presenting audit findings with confidence

If you're eyeing high-value clients or professional moves into healthcare finance, this is your moment to build knowledge differentiating generalists from in-demand specialists.

Unlock CPA-friendly resources designed to keep you ahead of the healthcare regulatory curves without falling asleep immediately by your desk.

Ready to build your healthcare accounting edge?

Let’s get compliant. On your terms.

Source: Wisdify

📝 Journaling Insider

President Trump is planning to grant undocumented farmworkers legal status to those who've lived in the U.S. for years. He acknowledged farmers’ reliance on these workers, suggesting a “pass back” allowing deported laborers to return legally. Though no formal policy exists, Trump hinted at possible executive action despite congressional approval for immigration law changes.

He argued that immigrants are better suited for harsh farm labor than inner-city Americans, claiming they "don’t get a bad back." The scheme is pressure by agriculture and hospitality industries, warning deportations might cripple other sectors. While the proposal supports immigrant advocates, it risks backlash from hard-right conservatives who view it as amnesty.

Source: CPA Practice Advisor

💰 Making Cents of Accounting

#TaxSeasonFeels💵🏦