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    December 03, 2019

    Accounting Facts

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    Posted: 03 Dec 2019 12:49 PM PST

    In light of the McKinsey news

    Posted: 03 Dec 2019 03:31 PM PST

    When your work is correct, but your manager still finds a way to leave a review note.

    Posted: 03 Dec 2019 04:40 AM PST

    I’m sure we all been there before

    Posted: 03 Dec 2019 04:55 PM PST

    MFW the manager talks about next year audit but you have your resignation letter ready to be sent out.

    Posted: 03 Dec 2019 08:07 AM PST

    Work-life balance!

    Posted: 03 Dec 2019 07:39 PM PST

    Accountants on Tinder

    Posted: 03 Dec 2019 07:22 PM PST

    Facebook Tax Knowledge 101

    Posted: 03 Dec 2019 07:18 PM PST

    EY execs putting on the blinders

    Posted: 03 Dec 2019 04:06 PM PST

    Question from the husband of an accountant

    Posted: 03 Dec 2019 03:39 PM PST

    Good afternoon /r/accounting, I enjoy reading the memes and learning the jokes you all have about being accountants because I'm married to one and I want to be at least a little aware of what's going on in her field. She isn't a redditor and I still enjoy sending her a meme or two here and there that you folks create. She gets a kick out of them and I feel cool because it lets me into her world a little bit.

    Still, I'm a little concerned about her job and I was wondering if you could clear things up for me.

    My wife is an auditor for a small firm in Southern California. They specialize in credit unions so that's just what she does. Her job mostly lets her work from home and she goes to the client once every few weeks. It's different every time. She is salaried but the poor thing works at least 12-14 hours a day, every day. She takes Saturdays off (usually) but Sunday night she starts work in preparation for her week ahead. She is technically allowed to take days off, but the practice is severely frowned upon unless someone's in the hospital or whatever.

    She's been in this job about two years, and for the most part she seems to enjoy it even though it looks like my own personal version of hell. However, I'm starting to wonder if this work schedule is legit. She's salaried but she works well over 40 hours a week. She doesn't get overtime. I don't know if she just doesn't bill it or if she's not allowed. But I barely get to see my wife and it's starting to strain our marriage.

    I make extremely good money so we don't "need" her income but I still don't want to take away her sense of agency and I know she likes to work. I know accountants at the big 4 work extremely long hours during busy season and whatever, I've seen the memes and I get that it's a running joke. But two straight years of 12 hour work days? Some days she doesn't work quite that much but those are few and far between and barely worth really mentioning. We're talking maybe 2-3 days a month she gets to quit work at the 8 hour mark.

    This is her first job out of college so we don't really know if this is what it's supposed to be like. Yes, yes, I get it, I get the jokes but I'm being serious here, is this what we can expect? Is she doomed to work 12 hours a day until she's in her 60's? She's started to have high blood pressure problems and it worries me. She's never had high blood pressure before and she's only 36. She's supposed to be reading her Becker books and studying for her CPA but there's literally no time.

    Any guidance would be appreciated. I just feel like she's caught in a sketchy situation. It just doesn't sound right.

    submitted by /u/3Cheers4Apathy
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    For All My Fellow Associates/Staff Out There

    Posted: 03 Dec 2019 05:32 PM PST

    Passed CPA exams, need advice

    Posted: 03 Dec 2019 04:40 PM PST

    My career has taken no strong trajectory as of yet. When I was in one of my highest positions as Finance Associate 7 years ago, I gave birth to my son and a year later was terminated. They wanted to make sure they weren't sued for discrimination by waiting exactly that long.

    After that, I worked as a contractor for two years as AP Staff Accountant in a temp-to-hire role where I was not hired. They hired a Senior Accountant in another state to take over my tasks and more. Also, my supervisor who I liked moved away half way through my stay at the company. I should note that I had flexible part-time hours to accommodate family responsibilities.

    Had another six month role where my co- AP person started acting like my supervisor, without our manager informing me. He left shortly after, and could be the reason I was not high on his priority list of things to do. That lady was a narcissist that sabotaged me, giving me an assignment that was sitting on her desk for months, that I tackled quickly, and then claimed that I was overzealous. She didn't want me to have authority to place stop payments even though our manager granted me authority.

    After two jobs that didn't lead to anything longer term, I decided to study for exams and have all my education put into a credential that could be easily communicated. Also to prove that I have ability to do most accounting work.

    Now I am looking for a full-time or part-time permanent position. I'm sort of lost about what to pursue and where to begin. My background gives some context.

    My supervisor from three years ago is not being responsive to my request for certifying my general experience. He was actually my supervisor's supervisor who reviewed some of my work routinely.

    I understand this isn't the most coherent. I really just want some help with getting started as a CPA. I'm particularly interested in solo gig-work if anyone has experience with that. Thank you for reading!

    submitted by /u/onewithall
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    Silicon Valley giants accused of avoiding over $100 billion in taxes over the last decade

    Posted: 03 Dec 2019 09:19 AM PST

    SEC Flags Cash-Flow Measure That Made WeWork Look Profitable

    Posted: 03 Dec 2019 08:52 AM PST

    IRS Taxpayer Roadmap 2019

    Posted: 03 Dec 2019 06:55 AM PST

    I'm excited to announce I've just signed with one of the top 10 firms in the whole nation (Tax). I'm sure you've all heard.

    Posted: 03 Dec 2019 10:45 AM PST

    This week I've decided to take my talents back to my old accounting firm. I'm sure you all saw the press release yesterday afternoon. This is a wonderful opportunity for myself and my community.

    On a serious note I'm glad to be returning to public. The job in industry I jumped to really didnt meet my expectations and I was surprised by the lack of upward mobility, flexibility, and compensation increases.

    I'm sure many of you disagree with me strongly, but I believe that staying until at least manager or even longer is extremely beneficial. Who knows maybe I'll even make a career out of public.

    Why am I going back? They agreed to match my salary and promote me. 7 months out of the year I can leave at 4pm m-thur and noon on most fridays. 5 weeks vacation and 10 holidays. I can work from home reasonably often and no one bitches about it. Sure the hours are long during busy season, but I'm willing to deal with that for now.

    Corporate tax sucks megadong. It was soul crushing for me and my 2% comp adjustment this year sure as fuck didn't help. I looked at moving to a bigger public company and it was eye opening. Larger companies prepare monthly provisions and have intense plan cycles. One of the better ones I interviewed at talked about a 50 hour year round working schedule with 60 being usual during deadlines. Fuck that bro.

    If you're a student or young staff interested in public or corporate tax feel free to ask some questions.

    submitted by /u/BernadilloJune
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    Cannabis Industry Accounting: How to get there?

    Posted: 03 Dec 2019 12:22 PM PST

    I'm going to graduate with a degree in Accounting. I like the cannabis industry and I want to be a part of it.

    Are there any CPAs or Accountants that work in or have been exposed to the cannabis industry?

    If so would you please share how you got there and what the extent of your involvement was as far as duties performed? Thanks!

    submitted by /u/The-Protege
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    [CAN] Interview at Big4 but can't speak french

    Posted: 03 Dec 2019 06:22 PM PST

    Hi r/ accounting!,

    Recently I have been applying to Big4 experienced hire jobs and one job in particular required being able to speak french. I don't speak any french but I applied anyway just for the heck of it and somehow I got an interview. I did state on my resume that I only speak English and didn't write anything about french. Was this a mistake from their part? Should I go for the interview anyway? Would they get angry once they find out I don't speak any french?

    Thanks a lot for the help!

    submitted by /u/accountingdingus
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    Questions about business I sold

    Posted: 03 Dec 2019 08:25 PM PST

    Hi, I hope this is the right spot for this. I started a business with 2 partners in the beginning of 2018. At the end of 2018 we were having creative differences and I sold my portion to one of the other 2 business partners. They paid me a lump sum in February 2019 and then "X" every month for what is supposed to be 12 months. They have paid 8 months and recently got a bill for corporate taxes that is larger than the amount they owe me and want to just call it even and stop paying me "X" for the next 4 months. I think I have 0 responsibility for the corporate taxes am I wrong? Thanks in advance. I am located in B.C. Canada.

    submitted by /u/dangerousdegroo
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    Need Xmas puns for the office win!

    Posted: 03 Dec 2019 07:31 PM PST

    I work at a CPA firm and we're doing an office door decorating contest. I'm looking for a clever accounting (preferably audit) joke or pun to base my door's theme around. We're not your usual bunch, so one that narrowly crosses the NSFW line would be preferred. Thanks!

    submitted by /u/juicyyj
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    Engineer to Accountant - the switch

    Posted: 03 Dec 2019 10:39 PM PST

    I graduated with the civil engineering degree and worked as engineer for six months. But I don't very much like the work life balance and consider quitting the job.

    Any advice on the switch to accounting? I had taken classes in accounting and business in college.

    submitted by /u/nousername2345
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    Career advice

    Posted: 03 Dec 2019 01:32 PM PST

    Hey guys, I need some career advice and am hoping to get some insight here.

    I graduated with a B.S Accounting degree earlier this year and have been working with the federal government as an auditor. Before graduating, I interned at this agency as well. I like the work that I do here and enjoy the work life balance as well. I have worked here almost a year and have never had to work more than 40 hours. Plus, I get every other Friday off as well and telework a majority of my work days. I enjoy working for the government and wish to stay here long term. I am open to switching jobs within the government as well. I make a little over $50k right now.

    My confusion is that I have been getting calls from recruiters from big 4 firms asking to interview me for a winter associate position. I am not interested in working at big 4 long term. I do not want to be a partner or switch to industry after working a few years either. I am considering maybe trying to get a big 4 job and working there for a few years if it'll allow me to get back into the government at a higher pay grade. I am willing to go this route and leaving my current job. However, I've also recently applied to two other government jobs. I am really interested in those two jobs and there would be no question for me of leaving for big 4 or anything else if I got either of those jobs. But I haven't heard anything from those two jobs yet.

    My question is: is it worth leaving my current role to work at big 4 if my end goal is to return to the government? Will it allow me to come back at a higher pay grade?

    My current expected salary progression is:

    Current 50k

    2020: 57.5k

    2021: 69.5k

    2022: 83k

    2024: 99k

    All opinion and suggestions are appreciated. Thank you in advance.

    submitted by /u/jgruhdykn
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    Dumb question

    Posted: 03 Dec 2019 05:58 PM PST
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