Accounting When they call you a hoarder, but they come to you when they can’t find that “super important” document from 2016. |
- When they call you a hoarder, but they come to you when they can’t find that “super important” document from 2016.
- My senior when I tell him that I put the LOC account on the cash workpaper
- 30 year CPA turned Amazon fulfillment warehouse worker by choice
- Tax technology and transformation - B4 senior consultant answering questions
- Early 30s CPA, earn >$100K, over $1 million net worth, AMA
- Horrible first offer
- Why Do People on Here Constantly Complain About Accounting Pay?
- [CAN] CFE results in 1 week, how are you feeling?
- 5 years in private accounting, would like to get in big 4. What roles are available to me?
- On my way to my fifth out of town inventory count in a week, AMA
- Salary
- Best way to get 5 credits
- Big 4 Tax > Industry non tax role?
- Investor relations question
- I am in the Cayman islands
- With busy season fast approaching, what are some of your best tips/tricks/advice to help newcomers and interns get through it all?
- Tax vs IT Audit/Risk Assurance/Advisory
- Technical Accounting Question - Revenue Recognition
- What is something everyone should know before completing their degree
- New job, need some refreshers on tax prep.
- Getting into Accounting after graduation (current Masters student)?
- I started a subreddit specifically for technical accounting questions and advice, similar to r/legaladvice. Does this sound interesting/helpful to any of y’all?
- Surprising Facts About Ordinary Jobs
- 10 years to collect any debt or pardoned by IRS
| Posted: 30 Dec 2019 07:31 AM PST
 | ||
| My senior when I tell him that I put the LOC account on the cash workpaper Posted: 30 Dec 2019 04:25 PM PST
 | ||
| 30 year CPA turned Amazon fulfillment warehouse worker by choice Posted: 30 Dec 2019 08:04 PM PST So, I'm in my early 50s and have been a CPA for 30 years. I had roots in audit with KPMG, spent a couple of decades in industry (controller, FP&A, general management and systems implementation roles mostly) , then turned to consulting with a Big 4 firm (M&A and transformation work) at a director level. My job took me around the world and exposed me to some of the most prestigious companies on the planet. I've burned the candle at both ends most of my career. I quit a high paying job last year, because I just couldn't do it anymore. I was completely burned out. I spent most of last year remodeling my home, traveling, training my hunting pup and just decompressing in general. After a while, I realized I needed a job simply for the mental health of having a J-O-B. I live in a smaller market these days, and the accounting and finance opportunities are somewhat limited. I spent some time networking to find some sort of role that made sense with my background. Very few opportunities were uncovered that I could see myself doing for long. A good friend introduced me to Amazon. He suggested I do that just until I find something better. After a lot of thought, I said why not and took the job. Most of the horror stories about working at Amazon are partially true. The work is very physical, the hours are long and they have a rigid set of standards that you must perform to to just keep your job. I hadn't had a physical job since I was twenty years old. After a number of months working as a temporary worker, I decided to sign on to Amazon as a full time employee. After swallowing a lot of pride, I discovered I really enjoy it. Outside of the Christmas season, I work four days a week. The work standards are tough, but all they are asking for is a fair day's work. When I go home, I leave the job at work. I don't have to lose sleep about problems in the workplace anymore. Their use of technology is amazing in terms of enterprise software, hardware, and management methodologies. Their facilities are first class and EVERYTHING works. The physical side of the job was an adjustment for me, but I've lost 40 lbs and have better stamina and overall health than I've had in a long time. All that, and they are putting together a training program for me that will expose me to all facets of their state of the art fulfillment operations within the next year. Point being is I won't be simply stowing goods at Amazon long, but the experience has been great so far. I'm honestly happier and more at peace with my career than I have been for a long, long time. It certainly helps that I have saved some money which makes this sort of change possible from a financial perspective. Am I crazy??? Maybe. Ask me anything. [link] [comments]  | ||
| Tax technology and transformation - B4 senior consultant answering questions Posted: 30 Dec 2019 08:10 PM PST I was a fresh college grad working in tax and hated it. Made a change to tax technology and it's been a great opportunity for me personally. I hope I can persuade some others to explore the group. Here to answer any questions or help in any way if i can. 3 years in core tax, 2 in tax tech. CPA, 27yo, 120k salary, HCOL (nyc,sf) [link] [comments]  | ||
| Early 30s CPA, earn >$100K, over $1 million net worth, AMA Posted: 30 Dec 2019 12:15 PM PST I have seen a few posts bemoaning accounting salaries compared to other fields such as computer engineering. I wanted to put a post out there showing what is possible & where you can be in your 30s financially in this field. From a salary perspective, I started in the low 50s and am right around 120K as an accounting manager. I barely last 2 years in a big four and did complete the CPA exams in my mid 20s after numerous failures. While my earnings have been solid, they haven't been outrageous either. What I have been good at is saving a high percentage of my salary and consistently investing it in the market, which has provided generous returns. This is easy in theory but difficult for most people in practice as they define many 'wants' as 'needs' and inflate their lifestyles as incomes progress. (Not that this is a bad thing and I am not judging) Lastly, I'm not here selling anything. No e-book, course, etc. Just here to answer questions if you are interested. At the same time, I do want to retain anonymity so would appreciate if you can respect that. [link] [comments]  | ||
| Posted: 30 Dec 2019 06:25 PM PST I graduated this summer with good GPA, industry internship, and clubs. Last month I finished the CPA exam and now I am applying everywhere. I have had some interviews and good amount of interest but the holidays slowed down everything. Today I received my first offer: a tax position paying $15 and no benefits. I was shocked because the local firm rate in my market is 45k and benefits. I currently work as a server making the same or more but I am eager for experience. If I take the tax position I will not have time to look for something better. Should I hold out for something better or take the experience knowing it's a dead end? [link] [comments]  | ||
| Why Do People on Here Constantly Complain About Accounting Pay? Posted: 30 Dec 2019 07:39 AM PST I was wondering why people on this reddit constantly complain about the pay in accounting. I get it, public is garbage at all levels except partner and that we aren't commanding the salaries elite programmers, bankers, or consultants are. That said, after you get 8-10 years of experience, I feel like accounting pays pretty well. I regularly see controllers making $160-$180K all-in in industry at tech companies (and yes, this is outside the bay). These aren't huge companies either, maybe $300-$500M revenue. If you make CFO at these smaller companies, you're looking at $250-$300K+. To me, that's pretty solid because controllers already are earning similar amounts to GP/internists with much less competition, debt, and schooling. If you reach the top of the profession (VP/CFO), then you're in-line with the elite of the medical profession (surgeons, highly specialized doctors, lawyers) without the debt and whatnot. Bankers and consultants do still make a lot more, but they also work like dogs and bankers especially are very prone to economic downturns. They're also based out of NYC/SF/LA, which are absurdly expensive to live in. I don't know, I think our salaries are decent and scale pretty quickly. The first 5 years blow, but it picks up after that/whenever you leave public. What am I missing? [link] [comments]  | ||
| [CAN] CFE results in 1 week, how are you feeling? Posted: 30 Dec 2019 08:51 PM PST | ||
| 5 years in private accounting, would like to get in big 4. What roles are available to me? Posted: 30 Dec 2019 07:51 PM PST I have my CPA and 5 years corporate accounting for an asset management company. I'd love to work for an accounting firm but I'm scared of the paycut. What type of roles would be best for me at big 4? I dont need to be in audit Sorry I keep making these threads, just trying to figure things out [link] [comments]  | ||
| On my way to my fifth out of town inventory count in a week, AMA Posted: 30 Dec 2019 12:41 PM PST | ||
| Posted: 30 Dec 2019 05:50 PM PST When starting out in the accounting profession what is a good beginning salary? Does it depend on where you relocate to? I have a potential offer in Nashville. Any Tennessee people out there? [link] [comments]  | ||
| Posted: 30 Dec 2019 09:34 PM PST I'm currently a senior in college w a Big 4 position lined up for fall 2020. As it stands now, I will graduate with 145 credits. My schedule is maxed right now at 18 credits and I would rather not do grad school for 5 credits. I want to start studying for the CPA this semester so I can try to pass a section or two this summer before starting in the fall. Not sure if this is possible now since I won't have the 150 at graduation. Does anyone have any tips or resources to getting just a few more credits? Thanks [link] [comments]  | ||
| Big 4 Tax > Industry non tax role? Posted: 30 Dec 2019 06:54 PM PST Has anyone gone from big 4 Tax (manager level) and taken a non-tax role in industry/private? I'm kind of burned out on the idea of a tax focused career and never got a chance to try out general accounting post-college (I'm a senior manager at a big 4 firm in Tax, been there >7 years). I'm not even sure what jobs I'd qualify for that aren't tax - senior accountant? Assistant Controller? Accounting manager? Or maybe I should just do industry and find a tax manager role. Honestly, I find the tax work to be not a lot of payoff and the hours in public suck. I guess I just want to hear other people's thoughts and experiences. [link] [comments]  | ||
| Posted: 30 Dec 2019 04:48 PM PST
 | ||
| Posted: 30 Dec 2019 06:58 PM PST | ||
| Posted: 30 Dec 2019 08:46 AM PST | ||
| Tax vs IT Audit/Risk Assurance/Advisory Posted: 30 Dec 2019 08:56 PM PST Can someone help me choose between tax and IT Assurance? I'd like to know anything about work, travel, industries to work in, 'exit ops', and anything you may find relevant. [link] [comments]  | ||
| Technical Accounting Question - Revenue Recognition Posted: 30 Dec 2019 11:05 AM PST Hello and thank you for reading my post! My company recognizes all revenue based on FOB Shipping Point. All of our documents state that those are our terms. However, today we were discussing with one of our subsidiaries that they have several customers in Europe with AR > 90 days. Generally they would be required to take a 25% reserve on that. But then they refuted that they shouldn't have to because currently they are holding all of the inventory at a warehouse in Europe until payment is made (So the items left the original shipping point, but are now being held up). To me this sounds like we are still controlling the inventory and they shouldn't recognize revenue at all. Does anybody have any specific guidance they could give me to help support either claim? Thank you and happy new year! Hopefully your holidays aren't spent counting inventory!! [link] [comments]  | ||
| What is something everyone should know before completing their degree Posted: 30 Dec 2019 04:59 PM PST I just finished my first 200 level accounting class, the work itself doesn't seem too bad but you hear a lot about the work culture being less than desirable. What are some things everyone should know before they become an accountant [link] [comments]  | ||
| New job, need some refreshers on tax prep. Posted: 30 Dec 2019 08:39 PM PST Just found out I got a job at a small CPA firm and I start next week. Problem is, I haven't done much accounting stuff in a few years. I had a job at a firm last year but was only there til february. It was mostly ex pat taxes so not a lot of small businesses or local individual stuff. When I left there I had to find a job quick and went and became a cook, so not a lot of chances to keep my tax stuff fresh. With that said, I'm looking for anything that can be a refresher course or any articles that would be useful to know before I start work. Also, I was told to renew my PTIN but I don't have the actual number and don't have the email address that was used last year. Any advice on how to get that done? [link] [comments]  | ||
| Getting into Accounting after graduation (current Masters student)? Posted: 30 Dec 2019 08:31 PM PST Hello all, I am a year out of college (doing a Masters in Economics at Georgetown) and I am curious if anyone had any advice for getting into accounting (possible big4 although maybe thats too ambitious to start). I do not have any internship experience from any summers from my undergraduate days (I did work as an Office Intern for a law firm, but did no financial/accounting work so ehh). Decent GPA (3.5) and I can code in Python and R ( not sure if any of that really helps since without work experience it is basically nothing and idk if it is even used in accounting that much). I enjoyed my undergraduate accounting course and took another course in my Masters program that touched on it and I enjoyed, so that is why I am trying to go in this direction career wise. I assume I missed the recruitment cycle for the big4. I graduate from the Masters in the summer, hopefully trying to land a good internship for the summer and leverage that for a job in the Fall. [link] [comments]  | ||
| Posted: 30 Dec 2019 11:38 AM PST | ||
| Surprising Facts About Ordinary Jobs Posted: 30 Dec 2019 07:47 PM PST
 | ||
| 10 years to collect any debt or pardoned by IRS Posted: 30 Dec 2019 07:47 PM PST As with any food and merchandise items, the IRS also has what is called an expiration date on any tax bill. The name is known as Collection Statue Expiration Date or CSED. According to IRS 5.1.19.1.1, The IRS only has 10 years to collect any debt and if they could not collect the debt by that date the entire amount of debt would be forgiven. To quote " Internal Revenue Code section 6502 provides that length of the period for collection after assessment of a tax liability is 10 years. The collection statute expiration ends the government's right to pursue collection of a liability." So, if you could not pay any tax debt or the amount is too much, you could be granted free of debt after the expiration time of 10 years. [link] [comments]  |
![[link]](https://i.redd.it/elztgoaohs741.jpg){kind=link}
![[link]](https://i.redd.it/zuxxwv1y4v741.jpg){kind=link}
![[link]](https://i.redd.it/wy8nf3e05w741.jpg){kind=link}
| You are subscribed to email updates from Accounting. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment