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    Home Unlabelled Accounting Finally, someone somewhat understands tax brackets. Win for accountants everywhere

    Accounting Finally, someone somewhat understands tax brackets. Win for accountants everywhere

    October 28, 2020

    Accounting Finally, someone somewhat understands tax brackets. Win for accountants everywhere

    Finally, someone somewhat understands tax brackets. Win for accountants everywhere

    Posted: 28 Oct 2020 08:37 AM PDT

    *asks client for bank statement*

    Posted: 28 Oct 2020 01:16 PM PDT

    Dear Mr. Partner, we accept the fact that we had to sacrifice a whole Saturday in the office for whatever it was the client did wrong...

    Posted: 28 Oct 2020 07:58 AM PDT

    What are the BEST and WORST things about working in Public, Industry, and Government accounting?

    Posted: 28 Oct 2020 05:32 PM PDT

    If people who work in all three areas could speak on their experiences in detail that would be great. Trying to decide which area to go into without offering my details as a bias,

    submitted by /u/blankslate_10
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    Seeing your family after your first busy season:

    Posted: 28 Oct 2020 04:56 PM PDT

    With EY planning to take away everyone's accrued PTO at the end of this year, they're now telling employees that using PTO before it expires is not allowed

    Posted: 28 Oct 2020 07:56 AM PDT

    I hopped on the Bandwagon

    Posted: 28 Oct 2020 02:59 PM PDT

    How is the situation of issuing a big 4 to h1b visa to accounting majors of overseas students these days?

    Posted: 28 Oct 2020 10:45 PM PDT

    Come on now, Microsoft spellcheck...

    Posted: 28 Oct 2020 09:40 AM PDT

    Work work work

    Posted: 28 Oct 2020 02:53 AM PDT

    For those who left accounting and the business world completely, what career did you end up moving to?

    Posted: 28 Oct 2020 01:37 PM PDT

    New audit associate, keep making mistakes.

    Posted: 28 Oct 2020 06:51 PM PDT

    Been working at a local CPA firm for 6 weeks. Feel like I have been picking up the work quickly but I'm worried since I have repeated a few of the same mistakes and feel that the partner is getting frustrated. I've been taking diligent notes and have a checklist of past review comments I go through before submitting any workpapers but still find myself getting emails from the partner asking me to quote "write this note down, bold it, then highlight it", since its a mistake I've made before.

    I guess I'm struggling with a lack of any positive feedback along with having no clue how I am doing compared to the other new associates. Is this normal? Or do I need to tread lightly. I've gotten positive comments from my 2 managers but the partner is the main one who does all the final reviews since its a small firm and he's never really said anything positive.

    I'll add this is my first real job straight out of college besides internships.

    submitted by /u/ShadowofStannis
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    BEC Variance Analysis - Overhead Variance Formula

    Posted: 28 Oct 2020 08:20 PM PDT

    Can we validate this?

    Posted: 28 Oct 2020 10:37 AM PDT

    How common is it to switch between tax and audit once you start working?

    Posted: 28 Oct 2020 09:46 PM PDT

    I've seen posts implying that sometimes people switch service lines when they start working, either by choice or by necessity. How common is this?

    I'm currently getting a masters in accounting with a concentration in tax. Other than an Intro to Audit course, I feel like I'd be utterly unprepared to engage in audit work.

    submitted by /u/ebeezy12
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    Cosy up, wiz kids

    Posted: 28 Oct 2020 03:17 AM PDT

    Bookkeeping Business Idea as a CPA

    Posted: 28 Oct 2020 04:07 PM PDT

    Hello All,

    I am potentially considering starting a bookkeeping business to help fund other dreams that I have on the other side. I have my CPA and am currently work at a CPA firm in Audit but despise the lifestyle/work/meaning that I am in. I really do know how valuable of an opportunity it is working in Audit, but I know this just is not meant for me. I wanted to know what people in the industry think of bookkeeping as a side hustle. I know the flexibility would help achieve my other goals while having steady income.

    My questions are:

    -Can a CPA charge a higher rate than non CPAs? Also are CPAs in a better place starting out building a business?

    -What is the range a CPA could charge for a monthly rate (Tennessee is my residence)?

    -Are there more affordable options than Bookkeepers.com/launch to start learning what I need to do (I have considered quickbooks online certification and potentially some community college classes)?

    -What are the main challenges that someone starting their own bookkeeping business face?

    -Is starting your own bookkeeping business viable to make decent income working 20-30 hours a week? What could potentially be a yearly income to target?

    -What other considerations/factors in starting a bookkeeping business do you recommend?

    ​

    Any answers to these questions would be very helpful thanks!

    submitted by /u/Business-Buddy2587
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    Save my soul

    Posted: 28 Oct 2020 08:44 PM PDT

    Can anyone here help me with my accounting exam? This really got me fucked up. I am so deaddd💀💀

    submitted by /u/DaineWithIceCream
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    PwC HireVue Interview Canada

    Posted: 28 Oct 2020 08:28 PM PDT

    Anyone know how long it will take recruiters to review applications and send out interview invites after job closing date?

    Thanks!

    submitted by /u/squilliamfancyson01
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    How many times a week do you feel like quitting accounting? (From Big 4 but applies to all)

    Posted: 28 Oct 2020 01:38 PM PDT

    Why are suppliers required to pay value added tax?

    Posted: 28 Oct 2020 08:03 PM PDT

    Im wondering about the very simple logic behind why suppliers pay value added tax. And is it actually supplier paying the tax or the purchaser? When I read the government guide, it sounds like purchser is paying it but suppliers collect it and pay it. However, when I read about small suppliers not required to collect and pay, it seems it is suppliers' obligation. Its so confusing.

    Please help.

    submitted by /u/monkeyshakey
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    Unsure if a class meets CPA ethics requirement

    Posted: 28 Oct 2020 08:00 PM PDT

    So I go to school in California and I am planning to take a course called Fraud Examination (ACTG 59) at Foothill college which is a community college. I'm just not sure whether it counts towards the ethics requirement. Who should I contact to figure out whether a class meets a CPA requirement?

    submitted by /u/grasshopper_lee
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    getting rejected from all firms, big and small, for entry level positions with all CPA exams passed and a degree, need advice please

    Posted: 28 Oct 2020 04:12 PM PDT

    Basically the title, I've only been rejected from larger firms and gotten no response from smaller firms (I've only been applying for entry level positions too.) I've got my degree (3.2 gpa) and just finished the CPA exams, I have no idea what I'm doing wrong here. The only reason I can think of as to why I'm not getting any responses is that I graduated 2 years ago or mediocre 3.2 gpa. My only lead is one friend who is an associate at a local audit firm, if that falls through I feel like I'm gonna be completely screwed. I just don't know what these firms are looking for, I even worked with a resume coach and I feel like my applications were solid. What would you do here?

    submitted by /u/i_cant_write
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    This will be a great place to network!

    Posted: 28 Oct 2020 07:22 PM PDT

    If you are considering going into the field of Accounting then this Discord is for you! With over 500 members, we have people ranging from Govt-Public-Industry and fellow students. If you need help with your career, CPA exam and advice or even general guidance then this Discord is for you. https://discord.gg/yNua2kB

    submitted by /u/HandsomeBanana12
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