Accounting Auditing Expenses and seeing your firm's name |
- Auditing Expenses and seeing your firm's name
- “I hope this email finds you well!” How the email found me:
- Lol i like her
- Received an offer today for a FAANG Accountant position and put my two weeks in at Big 4 - AMA
- Career update 8 years after being coached out of B4
- Full-time, 2 years experience required. lmaooooo
- Supportive Boss: "If you're behind on a task, let me know and we'll put our heads together and figure out a solution. We're in this together".
- Vacation during COVID
- NO CLOCK WATCHERS....
- Should have told me before college.
- WFH
- Dear r/Accounting,
- I just passed my first audit
- Big 4 culture change WFH [CAN]
- Is Tom wheelright's Cpa network worth it?
- College student interested in accounting help!
- Repaying CPA tuition fees to small firm
- People who got a new job during pandemic, how have you adjusted working from home?
- [CAN] How is everyone holding up for the CFE?
- Those who left public accounting solely because of bad seniors/managers
- WFH Busy Season 2021
- Took REG today
- Finally Making Money, Trying To Keep It!! New Entrepreneur (Consulting) Receiving Invoices but Also Employed by the Same Company, Trying to Figure Things Out Like Taxes, Moving Out of State, and LLCs. Please Share Your Thoughts!
- I can't wait to graduate this June :)
| Auditing Expenses and seeing your firm's name Posted: 27 Aug 2020 09:58 AM PDT
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| “I hope this email finds you well!” How the email found me: Posted: 27 Aug 2020 03:26 PM PDT
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| Posted: 27 Aug 2020 05:31 AM PDT
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| Received an offer today for a FAANG Accountant position and put my two weeks in at Big 4 - AMA Posted: 27 Aug 2020 02:43 PM PDT 3 years Big 4 in a LCOL city. [link] [comments]  | ||
| Career update 8 years after being coached out of B4 Posted: 27 Aug 2020 03:55 AM PDT A few years ago, under a fake profile, I did an AMA about being coached out of a Big 4 firm (got put on a brutal PIP) and not being promoted to Senior after 2 years as staff. That was back in 2012 and I wanted to provide an update for 2020. Luckily, I had my CPA already so finding a job wasn't hard after B4. I went to an interesting company that did really well and then lost 95% of its value. I was let go as part of a corporate restructuring after 3.5 years. While there, I had attitude problems and immaturity issues which didn't help. I kept comparing myself to others on Linkedin who were being promoted and I felt like I was just stuck. I fixed all of these problems later on. Luckily, I got a pay bump and a Manager title for my next job. I didn't manage people but I did manage a lot of interesting processes. The company was in a very competitive industry and margins were super low so my pay raises and career progression was essentially non-existent. I tried to leave but I screwed a couple of interviews and at other times, my salary requirement was too high for small companies. I powered through with a good attitude and finished 4 years there. Sadly, COVID19 destroyed that company. I have mixed feelings about my overall experience there. However, I just accepted a new position and received a strong 33% increase in overall compensation. I'm still a Manager but I'll be making a little over $150k in total compensation (High COL) which is dope lol. Feel free to ask any questions. I want to end this thread with a few pieces of advice that have worked well for me over the past few years: 1) Learn accounting and relevant skills outside of work! I encourage everyone to take excel courses - through YTube or Udemy. I also suggest listening to accounting podcasts and paying attention during CPEs. You can learn quite a bit from working at a job but you'll be a beast if you supplement it with your own learning. Keep up with the latest accounting guidance! ASC 606 and 842 are hot in the market. You should have a good understanding of both. 2) Know all the basic concepts about economics, HR, finance, marketing, supply chain and everything else that goes into running a successful company. Taking a holistic approach to accounting makes work a lot more interesting and sometimes fun. 3) Try to stick with a company for at least a few years. It shows that you can work through the ups and downs and won't just quit when things gets bad. 4) Don't compare yourself to anyone else. Everyone's path in life is different and some roads to success are longer than others. Develop strong emotional intelligence and work with a good attitude. Edit: Alright, that will be it for me guys. Thanks again for letting me share my story and I wish you all well in your careers! [link] [comments]  | ||
| Full-time, 2 years experience required. lmaooooo Posted: 27 Aug 2020 01:03 PM PDT
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| Posted: 27 Aug 2020 06:36 AM PDT "That's great! What do you think the solution is? Perhaps bringing on additional resources, focusing only on the priority items, setting more realistic milestone dates, not striving for perfection in low-risk areas, etc.?"
"Oh, no. You should just put in more hours. But go ahead and order dinner. Whatever you want! I'm here to support you."
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| Posted: 27 Aug 2020 02:18 PM PDT Anyone else feel like people are respecting your vacation time even less than before? Im taking a longer vacation and I'm getting pressured to work ("check in" or attend "critical meetings") because people assume Im just chilling at home. Even if true, Im burnt out and just want a longer break from work. Also, To those who ask people to work during scheduled vacation time, and to those who give people shit for scheduling longer vacations when my schedule was unassigned, Fuck you. [link] [comments]  | ||
| Posted: 27 Aug 2020 07:58 AM PDT
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| Should have told me before college. Posted: 27 Aug 2020 09:38 AM PDT
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| Posted: 27 Aug 2020 08:44 AM PDT
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| Posted: 27 Aug 2020 11:00 AM PDT I'm currently writing you from the shitter to tell you how my review went today (almost two months late). I was graciously offered a 3% raise ($2,050) but convinced my partner that wasn't enough...wound up getting an additional $5k out of the cheap fuck. I'm glad I was able to neogiate but what I wound up with was what I was hoping the starting point would be. I'll be out of this shit hole soon, I'm currently working on landing something else, but the thought of having to come in each day and having to show a good face is actually making me sick. Bye for now. [link] [comments]  | ||
| Posted: 27 Aug 2020 05:54 PM PDT first year in industry, passed the audit...got drunk right afterward.... nice job on the memes even if we're in different countries they still hit the same [link] [comments]  | ||
| Big 4 culture change WFH [CAN] Posted: 27 Aug 2020 05:27 PM PDT 22 y.o grad about to start at EY in Canada (relevant to say because salary low af). they're having us WFH which is fine because I live alone and have a nice setup. but with low salary, a few cushions to accepting that blow to many were
Just curious how maybe some early in their career at a big 4 have found WFH to change a lot of this??? I know much of it is Kool aid anyways but I'm young and was looking forward to the mentorship and the social aspect. If I was just gunna sit alone and figure it all out on my own I might've reconsidered. What changes have you seen or are there unexpected perks? [link] [comments]  | ||
| Is Tom wheelright's Cpa network worth it? Posted: 27 Aug 2020 09:01 PM PDT Hello y'all I posted the following in the cpa sub but saw the vast difference in subscribers of the two subs so thought it might be a good idea to post it here as well. ... Due to this being my first year with my license to work in healthcare plus our current events I will make a lot more money than any of my previous years. With that in mind I have gotten into a financial education kick. Long story short I started reading rich Dad poor dad which led me to Tom wheelright's book the cpa for the millionaire author of the first book. For someone who has no tax education all these tax breaks sound plausible. My first question : Is the advice given out in Tax free wealth book sound? My second question. The author Tom wheelright offers a network of CPA's certified under his mindset to seek and maximize tax reduction. Has anyone in this sub encountered it. Do y'all know pricing, it's legitimacy and weather it is worth it. Bonus question: if the network is not worth it how do I go about determining which CPA'S are good/better Thanks! [link] [comments]  | ||
| College student interested in accounting help! Posted: 27 Aug 2020 08:51 PM PDT Hey so I'm right now studying business at a university and thinking of doing accounting and moving up. I don't know anyone personally who has done finance or accounting so I thought I would go to reddit and ask some help! I guess I'm curious about accounting as a whole of like what happens to your social life and your mental health. Is it worth the career. Are there any tips on figuring out how to go about the profession and etc. Basically the common questions you ask. Thanks in advance and sorry if this comes off as "lazy" and not using google, I have been searching but I want to talk to someone who is in the field and has experience and advice. [link] [comments]  | ||
| Repaying CPA tuition fees to small firm Posted: 27 Aug 2020 08:44 PM PDT How common is it for an employee to have to repay CPA tuition fees their firm has covered for them if the employee left the firm before receiving their designation? I received an offer from a local CPA firm telling me that they would reimburse my CPA expenses and they will keep a running balance of my CPA expenses incurred. This balance is a credit obligation and will be forgiven once I work an additional 3 years with the firm after achieving my designation. However, if I resign prior to receiving my designation I must repay everything to the firm. Is this a common thing among most small firms? I previously received an offer letter from a mid-tier firm saying that they would cover all CPA expenses no strings attached. [link] [comments]  | ||
| People who got a new job during pandemic, how have you adjusted working from home? Posted: 27 Aug 2020 05:53 PM PDT I ask this because working from home is very difficult for a new employee. Learning in-person would be much better but we can't do that due to the pandemic circumstances. How have you adjusted when you got a new job working from home? [link] [comments]  | ||
| [CAN] How is everyone holding up for the CFE? Posted: 27 Aug 2020 12:30 PM PDT I am feeling completely overwhelmed right now. I don't know if I can write it. [link] [comments]  | ||
| Those who left public accounting solely because of bad seniors/managers Posted: 27 Aug 2020 12:16 PM PDT Was the move worth it to leave certain people? I like the work, but man is it annoying having a 27 year old manager with no people management skills. [link] [comments]  | ||
| Posted: 27 Aug 2020 06:43 AM PDT What does everyone think about this upcoming busy season? Mainly thinking about audit here since tax has a different structure for the year (seems like they've been in busy season this whole time??). This one has a high possibility of being WFH and I'm wondering if thats a great thing since we will get to work from the comfort of our own homes as opposed to the office. On the contrary could it possibly be a shit show given the difficulty in communicating with the client (i.e you cant walk over to companies accounting/finance folk and ask them questions). I'm thinking it will be better but I'm interested in hearing other people thoughts. Thanks. [link] [comments]  | ||
| Posted: 27 Aug 2020 03:55 PM PDT I want to cry, TBs were very hard and had to calculate everything. Had about 4 question related to estimated tax liability and a lot of questions about realize and recognize gain or loss on the sale. I think i fuked up, now i dont know if i should study for AUD or review REG. 😖🤬🤯 [link] [comments]  | ||
| Posted: 27 Aug 2020 06:18 PM PDT Hi, I'm writing this anonomously for privacy reasons but I will be giving true specific details of my situation. I have never spoken to an accountant or tax professional ever in my life. My family comes from very modest means and I grew up in section 8 housing, moved around NYC and NJ alot, and have no formal experience of handling money other than what I've been able to teach myself through books and videos. Fast forward: I am now 28 and after having spent years studying and developing my craft (specifically ecommerce, marketing, selling, etc.), my team and I at my job finally cracked it big and did $1 million in online sales in just 6 months (as opposed to $180k in online sales the entire year of 2019). Our sales are 10x from last year and next year we project to do even bigger. I am currently living in NJ and am employed at this company (we can call it ABC Company). I receive $375 USD direct deposit weekly as well $375 cash (shhhhh). So it looks as if I only make $375 a week but I take home $750 a week truly. I negotiated a royalty deal for net sales on the website and have been receiving checks of around ~$3500 a month on top of my wages (again which is $375 on paper after income taxes, but $750 truly). I have an LLC I established many years ago to very little success with online consulting, but I now use my LLC (lets call it Example LLC) to invoice my ABC Company, which they give me a check for and I deposit it into my business account. I then pay myself once a month from that account into my personal account. I also receive some money from Amazon (some books I published) monthly. That is all of the money that Example LLC currently receives as income. If you have read this far I really appreciate it. I have used Reddit for years and I really think I will find great advice. If I am doing anything odd, please let me know! Here are some of questions I have:
--- I know this was long and may not have made a whole lot of sense, but I am still learning. Any advice or ideas you can shed on any of the questions (or just your thoughts in general) would be awesome. My income is rising greatly every month and I just don't want to get caught up in issues with the IRS or pay crazy high taxes. I have school debt and a car payment so I just want to keep my head above water as I move up the income ladder. THANKS AGAIN GUYS I REALLY APPRECIATE YOU!!! If I can clarify any details, please let me know. TLDR: Was broke, now getting money, don't know how to structure efficiently, want to keep as much money as possible, plz help. [link] [comments]  | ||
| I can't wait to graduate this June :) Posted: 27 Aug 2020 06:12 PM PDT
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