Accounting Year end for industry. Our 2 day busy season. |
- Year end for industry. Our 2 day busy season.
- S4E1 of Black Mirror has monitor setup goals (no spoilers)
- How's your dating life?
- Laid off before busy season
- [UK] Side gigs for making extra cash between the industry day job?
- Kind of depressed.. Am I a bum?
- Free Talk Friday - the last one of '17 edition
- Who’s the Center of Attention at Holiday Parties? Your Tax Accountant
- Are babies career killers in tax?
- Looking for cheap graduate level hours for masters of accounting
- [CAN] Upcoming annual review/salary negotiation
- When My Tax Teacher Uses the Term "Double Irish Sandwich"...
- What's your "long term plan"?
- Was university/college harder than your job now?
- How does tax haven based profit shifting really work?
- Employability in accounting
- 401k related question from https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits
- Attributing Employee Payroll Deductions Through the GL
- What all do the lecture vids in cpa prep courses do?
- What smartphone are you guys using?
- Had an epiphany that I should switch from finance to accounting.
- How would I deduct my Philippines Virtual Assistant? I have all my Western Union receipts
- Why there are 95% of chance for partial/some accountant to be replace in 2 decades from several sources that I read?
- [US] How can I learn individual and corporate taxes without attending college and without making it a career?
| Year end for industry. Our 2 day busy season. Posted: 29 Dec 2017 12:21 PM PST I plan on working an extra 45 minutes on the 2nd of January so the it guy can install the new software in the evening. What are your strategies? [link] [comments]  | ||
| S4E1 of Black Mirror has monitor setup goals (no spoilers) Posted: 29 Dec 2017 05:16 PM PST
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| Posted: 29 Dec 2017 02:26 PM PST I'm seeing posts about how people generally say that your 20's are your golden years/best years of your life etc. But for us going into public, those years will generally be used working and taking the CPA exam. So out of curiosity, how's your dating life?
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| Posted: 29 Dec 2017 04:39 PM PST I was recently let go from my job at a public accounting firm. I was there for one year and was not given a reason as to why I was let go. This time of year, most public firms are not hiring. I want to stay in public accounting but not sure that there will be an opportunity soon enough or if a gap on my resume would look bad by the time firms start hiring. [link] [comments]  | ||
| [UK] Side gigs for making extra cash between the industry day job? Posted: 29 Dec 2017 11:30 AM PST Hi, I am fortunate to work at a FTSE20 in an industry position that gives me good pay for 9-6 shift hours. Sounds greedy but next year I want to earn an extra £200-500 a month to go towards marriage / house costs etc What are some good ways a Chartered accountant can go about doing this? - Some ideas that come to mind: 1) Completing peoples tax returns - this would require learning about personal taxation again 2) Saturday/Sunday part time accounting job - could give me smaller company experience but may be exhausting 3) Ride the cryptocurrency craze to the moon and invest in Ripple, Raiblocks or IOTA 4) Write a kindle book about any of the above Any other ideas more than welcome [link] [comments]  | ||
| Kind of depressed.. Am I a bum? Posted: 29 Dec 2017 09:59 AM PST I want to start off by saying I love this subreddit and all of you guys. Everyone here is very helpful with not just accounting/career related advice, but also in terms of lifting others up and helping others alleviate anxiety, whether it's work related or not. So I thought it could be beneficial for me to ask this here. So I'm graduating with my BS in Accounting in December of 2018 but I will have just turned 26 at that time. I feel like I'll be so old and so far behind my peers who all graduated years before me and I don't know if being that old will affect my ability to land a job. I feel like I wasted so much time and my best days are behind me. I feel like i won't really enjoy life much at all going forward because before I know it I'll be hitting 30 and so on. Your 20s are said to be your golden years and I just wasted mine away not really making any serious progress towards my career [link] [comments]  | ||
| Free Talk Friday - the last one of '17 edition Posted: 29 Dec 2017 06:31 AM PST For you mofos enjoying your PTO, keep on enjoying them. For you mofos in the office, hope you're chill and slacking off on Reddit like I am :) Side note: started dating someone who I indirectly met through Reddit, talk about the last place I expected to find love lol [link] [comments]  | ||
| Who’s the Center of Attention at Holiday Parties? Your Tax Accountant Posted: 29 Dec 2017 12:46 PM PST
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| Are babies career killers in tax? Posted: 29 Dec 2017 03:55 PM PST At my firm (top 10) there's no female tax partners but there's a few female directors and none of them have kids. The partners and male senior managers have kids but their wives either stay home or work a job that doesn't have long hours. If you're a woman, does having kids severely affect your career progression? I'm female and hoping to get more opinions on this. [link] [comments]  | ||
| Looking for cheap graduate level hours for masters of accounting Posted: 29 Dec 2017 08:31 PM PST Hey guys, this might not be the best place to post this but I was wondering if any of you knew of the best way to get the cheapest hours possible for my masters of accounting. My school allows 6 hours to be transferred in to count towards the degree and I would like to earn those as cheaply as possible. Any help is much appreciated. Thanks. [link] [comments]  | ||
| [CAN] Upcoming annual review/salary negotiation Posted: 29 Dec 2017 04:32 PM PST Our firm informed us that we will be having our annual reviews early in the new year. We were told to think about what we expect in terms of salary. I am currently a Senior making $60k (Canadian) and expect to be bumped up to Supervisor this year (one step below manager at our firm). Just wondering if anyone can shed light on the differences in salary that can typically be seen between these two levels so that I don't get laughed out of the room. I'd say I'm an average-above average performer. I came from a small 25 person firm after 3 years experience to my current firm (which has about 75 people) last January. We've had a ton of turnover since I started and the corporate assurance department has been gutted. All three Supervisors when I started left during the year and I'm now essentially the most experienced in the bullpen. We've been able to hire to fill vacancies as they come up but typically at a much more junior level than the individuals we have lost. I'm guessing my non-charge/chargeable billings are quite high compared to the rest of my peers as I tend to come in a bit later/leave a bit earlier drilling down my overtime that I built up during busy season (the firm wants it this way - no sense costing them money if there isn't work to be done during the slow months). Based on my experience level, coming into my 5th year of work experience and having my CPA designation, I don't think it would be too hard to find a position making $80k in the open market. I'm thinking about asking for $70k as I've now got another year of experience under my belt and I'll be taking significant responsibilities that belonged to the Supervisors who left. I'm also one of the more flexible employees, and although I primarily do corporate audit, I also take on quite a few NPOs, personal tax returns, the odd municipality etc. I don't think this is unreasonable until you look at the % increase that would be...about 17%. Anyone have any experiences they can share? Am I out of my mind asking for 70k? I live in a smaller city with a fairly low cost of living, so I'm somewhat living comfortably on what I make now. For reference, the city average household income is around 50-55k. [link] [comments]  | ||
| When My Tax Teacher Uses the Term "Double Irish Sandwich"... Posted: 29 Dec 2017 07:32 PM PST
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| Posted: 29 Dec 2017 11:56 AM PST Hey r/Accounting, Hoping some of you got the chance to relax this holiday break. A little background: I'm a CPA currently employed as a consultant for a midsize firm performing lender due diligence. Our procedures relate primarily to auditing a company's reporting of assets within a securitization facility as well as some pretty cut and dry testing (cash application, shipping and aging, etc,). I've been at my firm for a little over two years and looking to make manager by YE 2018; however, I'm not sure this is a job I can see myself doing forever. I know exit opportunities for accounting / consulting is typically move to an internal role within industry and become a CFO, but again not something I think sounds enjoyable. We all know public accounting and client services is a great way to see a number of different industries, develop time management skills, and overall become a professional, but what's next? What's the end game? What's a job you see yourself doing long term? [link] [comments]  | ||
| Was university/college harder than your job now? Posted: 29 Dec 2017 07:20 PM PST | ||
| How does tax haven based profit shifting really work? Posted: 29 Dec 2017 05:42 AM PST Not sure if this is the right sub for this kind of question. I'd like to know more in detail how does profit shifting for multinational entities (MNE) work when they use tax havens such as Luxembourg. The article above stated:
Where does that lending money come from? AFAIK, it has to be the money of a parent or another subsidiary. If so, how did it arrive in Luxembourg in the first place, possibly tax-free?
How is such a spread technically possible considering the arm's length requirement?
To my understanding, the profit shifting occurs when subsidiary in Luxembourg issues loans at high spreads and collects interest payments from subsidiaries in high tax jurisdictions. This means that subsidiaries in high tax jurisdictions report lower net income (if any) and that "lost profit" money is accumulating on the bank account of Luxembourg subsidiary. Is it correct or is there any other significant detail involved in this? So how does that money move afterwards, say to a US-based parent? Possibly by issuing parent a loan at preferential interest rate (to meet arm's length conditions) which could be then used to fund operations in US? Are there any other effective profit repatriation methods that are used by MNEs? [link] [comments]  | ||
| Posted: 29 Dec 2017 02:50 PM PST Hi guys, I've been told by a few people that there's a lot of jobs in accounting and it is not that hard to get a stable 9 to 5 position. I love accounting, i really do. But I know that, at least here in Canada, you need to get a CPA to land a decent job. Since getting a CPA is not easy and takes a lot of dedication, I just want to be sure accounting is not saturated. How hard was it for you guys to land your first accounting jobs after graduation and what's your opinion on the competition ? [link] [comments]  | ||
| Posted: 29 Dec 2017 09:52 PM PST I was reading the IRS guidelines on 401k employer matching and I have a question. I held 2 jobs in 2017. I am an employee of a large corporation for job #1. I am the solo owner-employee of a SM-LLC for job #2. I contributed (elective deferral) $4k to my traditional 401k from job #1. Employer #1 matched $1k to my traditional 401k. I also contributed $14K to my Individual 401k from job #2. I earned $21K from each job in 2017. What is the max amount that employer #2 is allowed to add to the Individual 401k plan as employer matching contribution? [link] [comments]  | ||
| Attributing Employee Payroll Deductions Through the GL Posted: 29 Dec 2017 01:02 PM PST I work for a small mom and pop company and this previous payroll an employee made a purchase via payroll deduction. This was a first for us. We created an invoice for the item, now I need to account for it in payroll on the general ledger. Would I use the general ledger code for A/R employee or should I use the general ledger code for the specific item? Thanks from a newbie to accounting! [link] [comments]  | ||
| What all do the lecture vids in cpa prep courses do? Posted: 29 Dec 2017 07:59 PM PST Like, if you watch all the lectures, is that the same as having read the whole book for that particular section of the exam? have people on here generally found the videos to be enough or are ya'll reading the books too? [link] [comments]  | ||
| What smartphone are you guys using? Posted: 29 Dec 2017 07:54 PM PST I reckoned a lot of you guys are going to be constantly checking e-mail and using apps like Reddit and Linkedin. Just wondering what smartphone you guys are currently using. [link] [comments]  | ||
| Had an epiphany that I should switch from finance to accounting. Posted: 29 Dec 2017 07:43 PM PST I am really unsure. I have talked to a lot of people in finance lately and most of them work in sales type jobs like mortgage lending, where you don't even need a degree. I really wanted to work in investment banking but my college is not even close to a target college. I don't want to end up working 60+ hour weeks while only making 50k/year selling insurance. I currently work at a wealth management firm doing client relationship type work. They are all finance majors and CFP's. I think it's only temporary, so I am unsure how they will react to my decision. Luckily, I only have 6 Finance or 6 Accounting classes left to graduate, so I can make the choice without losing any ground. [link] [comments]  | ||
| How would I deduct my Philippines Virtual Assistant? I have all my Western Union receipts Posted: 29 Dec 2017 06:56 PM PST I have a virtual assistant from the Philippines who's amazing and kept him on all year. His preferred payment is western union and I have all my receipts. I've never had a VA before so don't know the process with taxes. What would I officially need to deduct them as a business expense? Thanks. [link] [comments]  | ||
| Posted: 29 Dec 2017 04:29 PM PST Isn't that accountant need to make sure that all of the input data are correct, how can that be automated at all? In another word, what can be automated and what couldn't soon automated? one of the Source: http://www.bbc.com/news/technology-34066941 [link] [comments]  | ||
| Posted: 29 Dec 2017 03:19 PM PST I wanted to take the classes offered by HR&Block and Liberty Tax but it turns out that the enrollment time frame was back in June/July. I have to wait a whole year to be able to enroll again. How can I learn "all" about taxes professionally? Do you know of any books I should read? Any companies or teachers currently active in the market? Any specific route I should take? Any resources to utilize? I want to obtain this skill as a hobby, not looking into becoming a professional registered tax accountant but I do wish to become as educated as one. I understand that I would lack necessary experience but just knowledge itself is what I'm after. [link] [comments]  |
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