05/07/2025

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

House bill tied on H.R. 427 seeks for expansion in P.L. 86-272 protections, minimizing states from taxing businesses merely “facilitating” order solicitation, regardless of purposes. This would override current state interpretations, particularly regarding internet activities implemented by states like California, New York, and New Jersey, based on the MTC’s 2021 guidance.

The current bill may invalidate historic state court rulings on physical solicitation, forcing states in reassessing taxable business activities. Despite established limitations on net income taxes, it could lead states on exploring gross receipts or digital tax alternatives, while facing potential 10th Amendment challenges under Murphy v. NCAA.

Source: Thomson Reuters

🧮 COOL AF! (Cool Accounting Facts!)

For accountants, your trusty calculator isn't just for solving problems — it's your golden ticket to a solid paycheck. In the U.S., the average starting pay is around $57,500 for college graduates.

But here's the kicker: the salary range can vary widely, from under $40,000 to over $100,000, depending on various job factors such as location, industry, and experience. 

So, whether you're just starting out or looking to upgrade, your accounting degree is more than just a piece of diploma — it's your launchpad to a rewarding career, and fat paycheck. 

Wisdify’s Healthcare Accounting Series is designed to bring you on the healthcare compliance side without all the legal jargon – because let’s face it, you only signed up to make sense of a new universe.

Wisdify’s Healthcare Course Series:

• Regulatory Frameworks in Healthcare Accounting: Dive into various healthcare key regulations and legal compliance with Medicare, Medicaid, and fraud prevention.

• Revenue Recognition in Healthcare: Master ASC 606 and GAAP in tackling billing models, knowing possible solutions, and uncompensated healthcare challenges.

• Cost Accounting in Healthcare: Learn cost allocation strategies, improve profitability, and leverage activity-based costing with real-life case studies in the healthcare industry.

With bite-sized professional videos and real-world examples, you’ll be speaking the language of healthcare accounting in no time.

Ready to expand your knowledge? Get started today with Wisdify!

Source: Wisdify

🔢Numbers Don’t Lie

Graduate accounting programs saw a historic rise in applications, with a 72% growth spike, the highest since 2020, as only 26% saw declines according to the Graduate Management Admission Council (GMAC). This puts a major rebound from 2023, when there’s just 43% of program growth since 2016, additionally with 71% increase felt by 300 international schools 

A 12% increase in U.S. accounting undergraduate enrollment for 202 is because of strengthened accounting perceptions, based on research led by Center for Audit Quality. Business leaders, including Sue Coffey of AICPA, view the uprising surge as crucial, necessary steps towards addressing workforce manpower in a competitive professional market.

Source: Journal of Accountancy

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