Accounting NOTALLACCOUNTANTSDOTAXES |
- NOTALLACCOUNTANTSDOTAXES
- When a consultant mentions outsourcing and senior management gets a little too excited
- Checking the audit file like
- Studying for CPA over holiday sucks!
- Under table money under OPEX
- Partners Daughter
- The amount of ignorance in this post is astounding.
- You know what profession I did not see in these comments?
- Busy season Bingo?
- Can businesses really deduct charitable donations made at the register by customers on their taxes?
- Serious question, is purchasing a pet while in public accounting a bad idea?
- CPA worth it?
- Hedge Fund vs Private Equity Fund Accountant?
- s-corp loan, bad debt, and deduction question
- Got married in March and forgot to update marital status on my W2
- Is there a stigma against being in accounting in the dating world?
- Going for a Bachelors in Accounting - Which internship should I choose & should I get a supply chain minor?
- Is working on pensions audit a bad place to be ?
- Need Help for School Project!
- What's it like to be working in NYC?
- Question about big 4 winter attire.
Posted: 27 Nov 2019 08:45 AM PST
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When a consultant mentions outsourcing and senior management gets a little too excited Posted: 27 Nov 2019 09:00 PM PST
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Posted: 27 Nov 2019 05:14 PM PST
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Studying for CPA over holiday sucks! Posted: 27 Nov 2019 05:55 PM PST Anybody is studying over this holiday? My Bf is off to the fam for four days and I have to study the damn BEC. Exam on Dec 9th. Feeling so down. Need encouragement .... [link] [comments] | ||
Posted: 27 Nov 2019 08:33 PM PST I'm auditing this mining company. I'm testing one of its OPEX. However, there's no supporting documents for this account. Upon enquiry, the client straight up told me this account is for under table money given to government officials to "smoothen" their mining operation. So they don't really have the supporting documents except for maybe bank transfer slips. It's a first year client. What am I supposed to do with this shit [link] [comments] | ||
Posted: 27 Nov 2019 09:33 AM PST Hey there, I could use some major advice on this. I will be starting at a BIG4 very soon but the OMP's daughter will not stop trying to take me home every time I see her out. I am scared to do anything because I don't want my boss to find out, but I am also scared that if I don't she is going to think I am a dick and bad mouth me to her dad. Advice? [link] [comments] | ||
The amount of ignorance in this post is astounding. Posted: 27 Nov 2019 01:47 PM PST
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You know what profession I did not see in these comments? Posted: 27 Nov 2019 05:50 AM PST | ||
Posted: 27 Nov 2019 09:01 PM PST Hey all! We all know busy season is approaching, and we like to fit in a little fun where we can, so my coworker and I are in the process of creating a game for our office to play over busy season. The game will be a version of BINGO, but instead of numbers in the boxes there will be situations that one night encounter over busy season. (I can't believe this doesn't exist already on the internet?!) Some examples: Things your client does/says - Gives you a new trial balance partway into fieldwork - "I'll get it to you tomorrow, promise" - tells an inappropriate joke about fraud Things your partner says/does - "Do you have capacity?" - "we're budgeting for a better recovery this year" Observed: - family member asks you to do their taxes - go home before 5 on a weekday - spend your entire meal allowance on candy - order skip the dishes to the office - somebody sleeping under their desk Putting the call out! What are some things that would be fun to look out for? I can share the full list later on if anyone else want to bring this to your offices! Tldr: in need of some work situations to create a Busy Season Bingo game! [link] [comments] | ||
Can businesses really deduct charitable donations made at the register by customers on their taxes? Posted: 27 Nov 2019 01:01 PM PST I have been browsing Reddit today (slow workday) and a few times I have seen comments where it is suggested donations not be made at the register as it is a way for the company taking the donation to somehow get a tax write-off with customer money. This doesn't sound right but now I am very curious. [link] [comments] | ||
Serious question, is purchasing a pet while in public accounting a bad idea? Posted: 27 Nov 2019 04:33 PM PST I'm entering public accounting audit starting in January. I've always wanted a dog, and figured it might even be therapeutic. But I just realized if I'm going to be at work until 9pm - 12am+ every day and I live alone, who's going to take care of the dog? Sure, I can get a dogsitter and all but is it even worth getting a dog that I won't even be able to take care of for a quarter of the year? And I'll be on Staff 1 salary, I'm barely be able to afford upkeep for myself, let alone a dog. I don't know... maybe I should just hold out on buying a dog for another 3-4 years while I grind out public and then buy one when I'm in industry. I have this fear that I'll be gone for so long that my dog wouldn't even recognize me as the owner. [link] [comments] | ||
Posted: 27 Nov 2019 04:06 PM PST So I am really wondering the pros and cons of getting the CPA designation. Obviously there is a pay difference between being a CPA and simply having an accounting degree, but is it worth the extra stress? What kind of jobs could you expect to get without CPA (accounting degree only)? [link] [comments] | ||
Hedge Fund vs Private Equity Fund Accountant? Posted: 27 Nov 2019 06:03 PM PST Have been offered entry level positions as a Hedge Fund (HF) and Private Equity (PE) Fund Accountant. These are with 2 different firms. Some context: [link] [comments] | ||
s-corp loan, bad debt, and deduction question Posted: 27 Nov 2019 09:17 PM PST Hello. I formed an s corp with three partners earlier this year. We each contributed $10,000 in capital contributions, and we all have equal shares in the company. Additionally, I loaned the s corp $20,000. Due to mismanagement, we have decided to shut down the company. Of this total $60,000, almost all of it was spent on rent. We currently have $3,000 left in the bank. I know that I am not going to see that $20,000 back, but I am wondering what I will be able to get back, and what deduction I can get out of this. Since I am the only debtor of the s corp, should I expect to get the $3,000? Also, should I expect that I will be able to deduct the $10,000 capital contribution? And, should I expect to be able to deduct the remaining $17,000 from the loan? Any guidance would be appreciated. Thanks! Meeting with a tax accountant on Monday :) [link] [comments] | ||
Got married in March and forgot to update marital status on my W2 Posted: 27 Nov 2019 08:39 PM PST Like the title reads, I realized I somehow never updated my marital status on my W2. I got married in March. Is there anything I should know or prepare for with my upcoming taxes? Did I screw myself out of the tax benefits of marriage? Thanks for your help all! [link] [comments] | ||
Is there a stigma against being in accounting in the dating world? Posted: 27 Nov 2019 08:37 PM PST At times I think about choosing to pursue tax because their titles don't really have the word "accountant" in them and they pay a bit more, but then I remember at the end of the day tax still doesn't seem like the real turn-on career for most people. [link] [comments] | ||
Posted: 27 Nov 2019 08:37 PM PST I am a junior going to a small private school for a bachelors in accounting - hoping to eventually obtain the CPA and work at either a small to mid-size firm where I live. I am currently an accounting intern for a small lab, and while I enjoy it, I am quite literally their only accountant - I maintain their QuickBooks, invoice their customers, all A/R and A/P functions, cash flow projections, journal entries, payroll, etc. I don't have a real mentor there, and I don't have much time to work on things like taxes and preparing month end financial statements after I get done actually running their business. I do get to work with their CPA for payroll purposes. Another positive is that it is extremely close to my school. I really enjoy the people and the job - but I am wondering if for the sake of my career, should I push myself further? Should I focus my efforts on obtaining an internship at a public accounting firm? I'm not asking if it is absolutely necessary, but is it advised to try and get into public accounting sooner than later? Many of my friends have obtained internships from KPMG and the like, but I feel as though I am getting a really good understanding of how business and accounting is done at my current internship. Will it be easier to get an internship at a firm with this under my belt? Or will they be concerned I have caught a bunch of bad habits from teaching myself? Another question I have is should I get a minor in supply chain to fulfill my 150 requirement? I have taken an operations management class, I find it very interesting, and I really like the faculty in the supply chain program at my school. It also seems like a good back up plan in case I find accounting to be soul crushing. The only problem is that I still want to graduate in 4 years - and it would require me taking 18 credits for the next three semesters. Should I focus on getting my 150 in 4 years for the sake of being in less debt, or should I take it slow and go to school for 5 years and focus on getting good internships? Any sort of advice on anything I talked about would be appreciated, I know it is a lot. Thank you guys. [link] [comments] | ||
Is working on pensions audit a bad place to be ? Posted: 27 Nov 2019 04:23 PM PST Right so I started in a big 4 not too long ago. I just in FS audit. And more specifically in pensions. Everyone I know In other firms or people that have done placements before say pensions is a shite area to work in. Does anyone have any experience with this and Also a follow up is it ever worth talking to your pdm to change your department? [link] [comments] | ||
Posted: 27 Nov 2019 07:58 PM PST I have to complete a financial analysis and comparison between Nike and Lululemon. I need to compute the following margins and ratios for 2016, 2017, and 2018 solely from their 10ks and show calculations: Operating Profit Margin Net Profit Margin Inventory Turnover Days in Inventory Accounts receivable turnover Average Collection Period Specifically, I am having difficulty finding net credit sales from just the 10ks. Anything helps. Thanks. [link] [comments] | ||
What's it like to be working in NYC? Posted: 27 Nov 2019 04:06 AM PST | ||
Question about big 4 winter attire. Posted: 27 Nov 2019 07:11 PM PST I'm starting big 4 in January. I was wondering what kind of fleece is appropriate. Obviously, patagonia is what most people wear, but it's kind of expensive, and I would rather buy North Face or Under Armor. Would this kind of fleece be appropriate https://slimages.macysassets.com/is/image/MCY/products/7/optimized/14736317_fpx.tif?op_sharpen=1&wid=1230&hei=1500&fit=fit,1&$filterxlrg$ [link] [comments] |
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