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    Accounting When a super rich client owes a lot in taxes

    September 26, 2020

    Accounting When a super rich client owes a lot in taxes

    When a super rich client owes a lot in taxes

    Posted: 26 Sep 2020 04:17 PM PDT

    Accountants being fast

    Posted: 26 Sep 2020 03:29 PM PDT

    Salespeople when you say you're studying/in accounting

    Posted: 26 Sep 2020 04:15 PM PDT

    This one was made for you guys

    Posted: 26 Sep 2020 12:20 PM PDT

    Never any doubt�� @depreciatedmemes

    Posted: 26 Sep 2020 11:37 AM PDT

    New sign off

    Posted: 25 Sep 2020 11:06 PM PDT

    When that email from your manager comes in at 7pm

    Posted: 26 Sep 2020 01:55 PM PDT

    Sorry for the bad quality, I couldn't make it in Excel.

    Posted: 26 Sep 2020 05:09 PM PDT

    A brave soul finally called them out on LinkedIn

    Posted: 26 Sep 2020 05:34 PM PDT

    Partners finding out the audit team is past the budget

    Posted: 26 Sep 2020 07:02 PM PDT

    *Cries in ethics and integrity*

    Posted: 26 Sep 2020 10:25 PM PDT

    When the firm hires a newb and their 10-key skills are on point

    Posted: 26 Sep 2020 04:51 PM PDT

    Public Accounting from the perspective of me, PricelessMcNuggets

    Posted: 26 Sep 2020 03:40 PM PDT

    As someone who stared in the industry in the early 2010s and is looking to get out before the end of the year, here are just some things I'd like to share.

    I entered the industry extremely energized and passionate, but now I now advise students against choosing the public accounting route.

    At the beginning of my career, the lines fed to you by the higher ups was that you know when your busy times are and you know when your down times are. Great, right? Well.. for the first few years, yes. You were busy during busy season and much more laid back outside of busy season. The balance of working 70 hours for weeks in the winter/winter evened out in the summer and late fall. As the years went on though, it seemed as though more and more 'projects' filled up those down times. Now instead of working the hours balance above, your down times weren't so 'down' as they were before. The firm has to keep the employees busy and bringing the money in, right? Well to be frank, that wears on people. Constantly in the charge charge charge mindset. The lure of know when you're busy and knowing when you're not doesn't hold true anymore.

    If you got into accounting for reasons such as client facing time, advisory, and relationship building ... know that those things will come, just not until you at least are in a manager role. And when I say the above items, I mean them in a meaningful way. There's a difference between being at a clients office to gather documents for a tax return and being at a clients office to help them through an acquisition of a competitor. That means in the meantime between your staff years and when make manager, your day to day will be stuff that you may not actually enjoy or may not be fulfilling. This could be anywhere from 3 to 7 years.

    The constant criticism and constructive but sometimes negative feedback ... also known as review notes... take a toll on your mental state if you're not stone cold and know how to let nothing get to you. In almost everything you submit whether it's audit work papers or a tax return, it's going to be returned to you letting you know what you did wrong. In what other profession does this happen? It's like you live in a constant state of knowing that you're never doing anything right. Again, this can take a toll on ones mental state after so many years.

    Don't get me wrong, there's some good to public accounting but that isn't the topic of this post and that's why I haven't mentioned them.

    I'll be leaving the profession at the end of the year with nothing lined up and to be honest... I'm happy. I'll be starting a new chapter in hopefully a completely new field. Cheers!

    submitted by /u/PricelessMcNuggets
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    Which one of you is this?

    Posted: 26 Sep 2020 10:54 AM PDT

    TIL BDO Brazil Sponsors a Mega Ramp Skateboarder

    Posted: 26 Sep 2020 06:22 PM PDT

    Very anxious about accepting new job offer way above my league. Scared they will find out how dumb I really am.

    Posted: 26 Sep 2020 12:21 PM PDT

    Really need some advice. I am an A2 from a national firm making 59K. I got a job offer for a public company for $73K to do FS reporting, but I'm very scared to take it.

    It's full of ex Big4 people, who are all super smart, they have more years of experience than me (those on the same level as me), and they work a lot of hours. I wasnt even expecting an offer from them. But they think I'm smarter than I actually am. I had a very good GPA and passed CPA with ease, which impressed them a lot.. But in reality, I actually don't know shit. I always feel like a complete idiot, (even almost 2 years into audit, so dont say that that's expected in public). I am your textbook audit idiot. slow, bad performer, awkward, unlikable, last choice for staffing on engagements, etc.

    If I take this job they will find out how stupid I am and I'm gonna be screwed. I wasted a lot of their and the recruiter's time.. They will have paid a shit ton of money to hire me. So taking the job or not, I feel like it's lose lose.

    I'm extremely nervous on what to do. I didnt expect to get the job but now everything is in motion. Please help me

    submitted by /u/CookTheBooks
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    Can someone help me solve this? I don’t understand how job 126 and 127 doesn’t have a beginning direct materials

    Posted: 26 Sep 2020 05:12 PM PDT

    How’s everyone feeling about CORE 2??

    Posted: 26 Sep 2020 05:53 PM PDT

    Feeling nervous but excited to get it over with

    submitted by /u/rickyrick92
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    Looking to move to a larger public accounting firm or possibly industry. Please critique.

    Posted: 26 Sep 2020 10:18 AM PDT

    Can someone explain to me how the "innovative flex time off policy" at Grant Thornton works?

    Posted: 26 Sep 2020 04:11 PM PDT

    Long story short: I am (was? heck I don't know anymore) an accounting major and have transitioned into healthcare management due to COVID-19. I'm due to start my rotation of intermediate accounting classes and i'm sure you'll agree it would be dumb to take those online so I'm taking a healthcare policy class. My team is tasked with conducting a bunch of research on a variety of policies and creating our own employer sponsored health and wellness policy. I was tucking unlimited PTO into my plan when I came across a little blurb about GT's flex time policy included with other non-accounting companies offering truly unlimited pto. Is the flex time at GT truly unlimited or is it some silly thing where you can take any amount of unpaid time off outside of busy season?

    Anyone else want to chime in on unlimited or "innovative" pto offerings at their firms?

    submitted by /u/Tomatillo4
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    I'm hitting my breaking point. What should I do?

    Posted: 26 Sep 2020 09:04 AM PDT

    At this point, I can't even prepare an easy 1040 without spacing out. I gave it my all for the 9/15 deadline and now I can't even think anymore.

    submitted by /u/ai245iw2vkz9m21
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    [CAN] How is everyone preparing for the upcoming Core 2 exam?

    Posted: 26 Sep 2020 09:03 PM PDT

    Since it is two cases without MCQs and it is open book.. I honestly don't know how to study and what to study. I've been taking notes and rewriting the cases.. but I keep feeling like I'm not doing enough. What are you guys doing to prepare for it?

    submitted by /u/fabuloustie
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    Any Top 10 NTO staffers out there?

    Posted: 26 Sep 2020 01:51 PM PDT

    I'm a staff at a Top 10 firm w/ a year of experience. I've been temporarily assigned to NTO for the past 2 months instead of working for my practice office. This past week I was asked if I want to permanently switch to NTO which I do, but I want to ask for a raise to go along with the switch as I hear NTO generally pays better than practice offices.

    Any NTO Staff out there who wouldn't mind sharing the below?

    • Salary Range
    • Years of Experience
    • Your approximate COL

    Thanks!

    submitted by /u/booktotax911
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