07/30/2025

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! 

📊 Accountants Gone WILD

AICPA has endorsed SAFE Tax Filing Act of 2025, a bill permitting married survivors of domestic abuse or abandonment to file taxes as single. Survivors must file jointly with abusers or as "married filing separately," often resulting in fewer tax benefits. AICPA enumerates the bill promotes safety and fairness, helping survivors prevent contact with abusers and regain control.

The bipartisan bill is currently drawing public, and government support. Fetterman called it “the least Congress can do for domestic violence survivors”. AICPA urged the IRS to issue protective rules in resolving filing conflicts, and supporting preparers. The bill is aiming to remove financial control from abusers while offering survivors unharmed, more equitable tax options.

Source: Journal of Accountancy

🧮 COOL AF! (Cool Accounting Facts!)

Ever thought accounting software could use horoscope plugins? From the 15th to 17th centuries, Renaissance traders didn’t just balance ledgers, they’ve been reading universal stars. 

Merchants connected their financial statements with astrological charts, using practica (early almanacs) to forecast price swings, shipping delays, and market booms. Tariff spikes? Must be destiny.

In ports like Antwerp, spice traders hired astrologers to predict commodity prices. Even Kepler once funded their professions with market horoscopes. Some merchants even doodled zodiac signs in ledger margins for good luck. 

So, next time your business revenue increases coincidentally with the rising of a new full moon, don’t question everything instantly, just give thanks to your cosmic astrological guardians.

Think you’ve mastered debits and credits? Great. Now let’s conquer healthcare’s alphabet soup without needing a law degree or aspirin.

Wisdify’s Healthcare Accounting Series are courses designed for accountants who know GAAP like the back of their hand, yet needs a little boost exploring healthcare and finances together.

🎓 Course 1: Audit Administration Mastery — From Planning to Final Report

This is your walkthrough on modern audit execution from planning and internal controls to fieldwork and reporting. Learn to assess healthcare client risk profiles, document work systems like a pro, and communicate findings.

🧠 What You’ll Learn:

• Apply risk-based methodologies for tailored audits

• Analyze healthcare internal controls using scenarios

• Master GAAS, PCAOB regulations without sleeping

• Create solid documentation for auditing necessities

• Deliver findings stakeholders will really understand

📊 Course 2: Healthcare Finance Data Analysis in Excel

Because you didn’t go into accounting wasting time just using Excel formulas and healthcare KPIs. This hands-on course gets you building dashboards, ROI models, healthcare data stories with real datasets minus the legal headaches.

🧠 What You’ll Learn:

• Organize various healthcare revenue/cost data

• Build sleek dashboards that execs actually use

• Calculate ROI, IRR, and other financial aid tools

• Perform audit scenario and sensitivity analysis

• Automate financial reporting to minimize error

And the best part? You don’t need a stethoscope. Just your brain, your calculator, and maybe a decent Wi-Fi connection.

Whether you're ready for expansion in healthcare finance or you're secretly Googling “What is Stark Law?” during prospect meetings, this course series is your no-judgment zone for leveling up professionally.

Be ready to upgrade from “number-savvy” to “healthcare finance pro” in Wisdify.

Source: Wisdify

🔢Numbers Don’t Lie

Social Security Administration reversed plans to eliminate paper checks for benefit payments. The move backtracks on executive orders aiming to minimize costs by ending paper checks for Social Security and other federal payments. Warren confirmed paper checks will remain an option for the small group of beneficiaries, less than 1%, who are still dependent on them.

Trump cited $657 million in annual costs tied with paper check infrastructure, noting EFTs cost under 15 cents, in comparison to 50 cents for checks. The order, scheduled to begin during Sept. 30, 2025, allows exceptions for those without bank access or in hardship. Additionally, the SSA has now made it officially clear: vulnerable beneficiaries will not be forced off paper checks.

Source: CPA Practice Advisory

🐦 Twitter Showdown

#TaxSeasonDrama🤫💲