• Breaking News

    Monday, February 1, 2021

    Home Unlabelled Accounting From an askreddit thread about “hidden gem subreddits”

    Accounting From an askreddit thread about “hidden gem subreddits”

    February 01, 2021

    Accounting From an askreddit thread about “hidden gem subreddits”

    From an askreddit thread about “hidden gem subreddits”

    Posted: 01 Feb 2021 12:01 PM PST

    This morning hit different

    Posted: 01 Feb 2021 06:21 AM PST

    When the managers and seniors on all your jobs quit a week before February and its just you (staff) and the partner

    Posted: 01 Feb 2021 05:33 PM PST

    Just give it a first pass

    Posted: 01 Feb 2021 04:34 PM PST

    Trying to learn IFRS while I barely understand GAAP

    Posted: 01 Feb 2021 05:58 PM PST

    Busy season is really as ruthless as everyone said it was going to be

    Posted: 01 Feb 2021 03:15 PM PST

    Fuck this profession

    Posted: 01 Feb 2021 03:01 PM PST

    Fuck public accounting

    Fuck your ad hoc deadlines

    Fuck your understaffing

    Fuck your design of having no clear manager to report items to until it materializes to something greater, then I'm the fucker getting put on the chopping block

    Fuck the daily (sometimes 2-3 times a day!) anxiety attacks

    Fuck the multiple managers who want you to do something or update some bullshit list for them ASAP, then have the audacity to ask why you weren't able to get through your work paper. I cannot be expected to do 4 things about once, respond to two individuals messages, respond to client emails, and still prepare a work paper all in the matter of a HOUR LAST TIME WE FUCKING SPOKE.

    Fuck your mind games

    Fuck your condescending, sarcastic backhanded comments via chat

    Fuck your shifting goal posts

    Fuck your multiple daily team touch points where they consistently run long

    I've never been the pinnacle of great mental health, but I'm damn sure that I should not feel as mentally crushed, insignificant, or stupid as I do right now. No, I didn't make that mistake because I didn't care. I made that mistake because I was so concerned about meeting every fucking deadline and doing everything I can to meet our goal that I made that error. Fucking sue me. No, I didn't not obtain that support because I thought it was fine. I didn't obtain it because our offshore team didn't escalate that the support wasn't what we needed. Or the fact that 2 other associates worked on it prior to me touching it but now I'm the lucky fucker getting burned for it.

    I'm out. First chance I get. I swear I'm fucking done. I never had anxiety attacks or depression until I met public accounting, that is not a coincidence. I don't even know if I like accounting now because of this. So thanks for that big 4. You rock. Time to eat dinner, my first meal of the day because I literally couldn't find the 5 minutes it'd take to go to the fucking kitchen

    submitted by /u/fuckimbackonreddit9
    [link] [comments]

    Is it possible to learn this power?

    Posted: 01 Feb 2021 06:55 PM PST

    Email closings. In addition to this I’ve noticed that the more senior you get the less likely you are to use the top 5 on that list.

    Posted: 01 Feb 2021 05:16 AM PST

    An accountant’s last line of defense in a WFH environment:

    Posted: 01 Feb 2021 02:11 PM PST

    Hating every day is NOT normal

    Posted: 01 Feb 2021 07:14 PM PST

    I've recently realized that it's not normal to wake up every day only to count the hours until it's time for bed again. It's not normal to feel awful throughout the work day. If your job in accounting is making you feel like this, it may be time to find a new career, or at least a new job. You don't have to spend your whole working life hating Monday-Friday. Think about it—that's 71% of each week. 71%!! Take back your life. I know it's scary now, but in a year from now you'll be happy that you did.

    submitted by /u/sarahbarax
    [link] [comments]

    Does anyone have the link to that unethical big 4 survival guide?

    Posted: 01 Feb 2021 06:40 PM PST

    I remember there was a post here a few years back about a guide on surviving the big 4 / doing the bare minimum.

    Some of the topics talked about by the OP was:

    • stopping the client in the middle of a walkthrough before he says something about a control deficiency

    • using tick marks to keep your workpapers look uninteresting and generic (for easy review)

    Just wondering if anyone has a link to that reddit thread.

    EDIT: It was similar to this: https://www.reddit.com/r/Accounting/comments/hegg2q/unethical_lifeprotips_to_excel_as_a_big_4/

    But the points were more about the points I listed above.

    submitted by /u/erednay
    [link] [comments]

    Miserable at every job but am whore for money

    Posted: 01 Feb 2021 09:20 AM PST

    Title says it all. I switched companies 1.5 months ago, hoping most of my misery was specific to that company, but I am again miserable. I fucking hate this shit but can't figure out how to make good money doing anything else. That's the thing, I'm used to the money now. Can't go back. Maybe I need to try a different type of accounting/finance role, particularly one that doesn't revolve around month end close in the same way that property accounting does....but even then, will I ever be able to stand this shit? I really don't know. I hate so badly what I do, I don't know if just switching industries/roles would be a big enough change or if I need to just throw in the towel for accounting period.

    Just venting.

    Tl:dr; I'm on my third accounting job. I've been miserable at all three. Time to make an accounting exit strategy!

    submitted by /u/_stay_gold_pony_boy_
    [link] [comments]

    Any tax guys know what's going on with this? I'm only a first year but never heard of this happening. Only thing I'm aware of is that some of the stuff he changed will sunset out, which I thought was a normal thing.

    Posted: 01 Feb 2021 01:35 PM PST

    Apparently Canada is looking for Accounters in 2021

    Posted: 01 Feb 2021 03:48 PM PST

    These are our clients

    Posted: 31 Jan 2021 11:51 PM PST

    Feeling lost and depressed - do you have any advice?

    Posted: 01 Feb 2021 06:12 PM PST

    I'm 22 and completed university last year. I chose to major in Accounting because I took high school accounting courses, did well in them, and knew that it would lead to a stable job in the future. I always felt somewhat indifferent about my accounting courses though - I didn't particularly enjoy them, but I didn't hate them either. Because I did not know what else I saw myself doing in the future, I stuck with accounting.

    I recently started working full-time at a Big 4 firm after having completed an internship here previously. However, I feel like I am having an existential crisis and could really use some advice. Up until this point in my life, I feel like I have just been on auto-pilot and everything that I'm doing is just for the sole purpose of checking a box and then moving on to the next item on my "to-do list". But I'm so exhausted from feeling this way. I don't want to live my life dreading every workday and waiting for Friday to come.

    I've thought about why I am unsatisfied with it and came up with the following reasons: (1) I cannot stand staring at a computer screen for 8 hours per day - I find it both mentally and physically exhausting, and (2) the work itself just feels so unfulfilling and meaningless.

    I had a mental breakdown today while working (from home) and just couldn't focus on anything. I just feel so lost and depressed, and I feel like I owe it to myself and my mental health to do a job that is meaningful and makes me happy. I'm not even working "busy season" hours right now, so that isn't the reason. The people on my team are great and have always been helpful. I feel so grateful that I was able to get this job, but now that I have it, I'm wondering if I made the right choice, but I would also feel so bad for giving up this opportunity that I worked so hard for.

    I am even questioning whether I should still work towards the CPA designation at this point, or if I should switch to something else entirely. I have to make a decision soon because I am expected to be writing the CPA exam later this year.

    I think my ideal job would be teaching high-school, college, or university students - I would not be staring at a screen all day, and I would also be working with students which (IMO) would feel a lot more meaningful than the work I am currently doing. But I'm also worried about making the wrong choice, and explaining these thoughts that I am having to my parents, who may be disappointed that I would not be going down the CPA path. I wouldn't even know how to have that conversation.

    It is also worth noting that I have been struggling with my mental health for several years now, so perhaps that is contributing to my existential crisis. I also feel lost and unfulfilled in my personal life, and I really want to seek professional help but haven't felt ready to pull the trigger on that yet.

    I know this post was a lot to unpack, but I guess this is just my way of asking "Does anyone else feel this way?". If you were in my situation, what would you do? Literally any help or guidance would be appreciated. Thank you for reading.

    submitted by /u/throwaway50653
    [link] [comments]

    Roll Call: What do you do? What do you make? Do you enjoy it?

    Posted: 01 Feb 2021 07:16 PM PST

    I'm an IT Auditor, I make $64k a year, and I really enjoy it. IT audit work is genuinely interesting if working on the right assignment.

    submitted by /u/KalEl-2016
    [link] [comments]

    (USA) Advice: Husband wants to file separately for the 1st time in 15 years - he has always done the taxes. I don't earn an income and he charged me rent without me knowing... I don't even know where to begin, so any advice is appreciated.

    Posted: 01 Feb 2021 05:53 PM PST

    My husband filed for divorce October 2019. He lived in our home, that we rent in San Francisco, until May 2020.

    He did our taxes as 'Married Filing Jointly' for 2019.

    On 3/20/20 There was a CA STATE TAX Refund deposited into our joint account of $4,220.

    On 3/25/20 There was a Federal Tax Refund deposited into our joint account of $10,264.

    This year, his lawyer said that he plans on filing separately and doesn't expect to receive a refund and will pay any taxes owed.

    I'm not sure how this makes any sense. He received a significant raise at the end of 2020 with his promotion, but prior to that, his income and bonuses were mostly the same, so were his expenses.

    To complicate the situation, we are Canadian and I am here on his work visa and have not been legally able to work for the last 7 years. I don't have an SSN but I do have an ITIN and got a credit card with it last year.

    So, I'm not allowed to earn an income, yet for our Mandatory Settlement Conference last week, the Settlement masters said it was his prerogative if he didn't want to file jointly in order to stop commingling finances etc... even if it may be to his financial benefit.

    My lawyer initially told me that she would advocate to file jointly but then just didn't say anything.

    After my husband moved out, (the divorce was his idea, he met someone during shelter in place and moved in with her a month later... just including that so you know I'm not the bad guy here)

    he sent me a bill for 1/2 the rent and bills for January 2020 - May 2020 which we never discussed and he lived here that entire time. I never paid for 1/2 the rent and bills before because... again, I am here on a H1B visa and furthermore, he wasn't even paying spousal support then, so if I did have his arbitrary expenses of 1/2 the rent and billls, I had no income to pay them.

    So, question time: I don't know how to file my taxes as a Canadian in the US, is there anything I should know specifically about this?
    Probably makes sense for me to get an accountant? Is there a specific kind that I should look for? Is there anything you can tell me about him forcing me to pay rent and bills retroactively? (His lawyer is proposing that it gets deducted from community assets at the end)

    I do have a divorce lawyer, but she let all of this happen. She also agreed to valuing the community property at replacement value, valuing the car at current blue book even though I haven't had access to it for over. a year , yet valuing all of our financial accounts as of his arbitrary early date of separation. I really feel like I got taken advantage of after a long and emotional negotiation.

    I was able to stand up for myself on a few things and got them but my lawyer did nothihng to advocate with me for the rest, and even sided with them on one thing which my husband ultimately agreed to. I'm just so confused. Anyway, this part has nothing to do with texes, just paints the picture.

    Thanks if you read this far, and thanks in advice for your insight.

    TLDR I can't do a TLDR for this, I feel like all the above info is relevant to be able to understand what's going on. Any advice or help pointing me in the right direction is appreciated.

    submitted by /u/Candid_Geologist
    [link] [comments]

    I hate tax season

    Posted: 01 Feb 2021 08:02 PM PST

    That is all

    submitted by /u/kid990
    [link] [comments]

    Leaving public accounting before 1 year

    Posted: 01 Feb 2021 06:01 PM PST

    I have been working full time at my public accounting firm for 6 months plus I was an intern at this firm as well. My firm has taken on a lot of new testing due to covid related support our clients received and we have been in busy season mode since the day I started. I feel like I am catching on quickly but I'm starting to feel burnt out and bitter towards my work. I enjoy my co workers but i feel overwhelmed because of the extra testing and overbooked schedule we have on our plates now and there is no end in sight. I have also come to realize I do not enjoy the work I am doing. I have been casually scrolling through open jobs and found one I think I would really enjoy. It is a staff accounting position at a company I am very interested in working for eventually. Open accounting jobs at this company are not easy to come by so that is part of the reason I am considering applying. I have passed all my CPA exams and am about 4 months away from fulfilling my experience requirements. There are CPAs at this company that could sign off on my remaining experience. I would possibly have to take a slight pay decrease but the job description seems like something I would be much more interested in. I know everyone says make it at least 2 years in public but at this point I can't imagine feeling this bitter and anxious towards my job for another 1.5 years. Is it silly of me for considering leaving PA before 1 year for a staff accounting position? And will I be looked down upon for leaving so early?

    submitted by /u/magicqonch
    [link] [comments]

    Getting tossed around my practice at a big 4

    Posted: 01 Feb 2021 12:08 PM PST

    I'm an A1 at a big 4 and am kinda in a weird spot. I was put on a small client and the team wrapped up the audit within like 2.5 weeks. Ever since then I've been getting passed around from client to client (will be on 3 different clients in 3 weeks at the end of this week). I feel like the lack of continuity is really hurting my growth because I'm always tasked with drafting opinions and random shit like that while my peers are doing more complex stuff, some even doing A2 level work. I know I have very little say in this, but basically every week I get a message saying "this and that person will be reaching out for you to help them" and I don't even get asked if I want to. (Just so I don't sound spoiled, the first client I got switched to had more work for me to do before I got switched). Is this common? And if not, is there anything I can do? I really don't want to make peoples lives more difficult by complaining.

    submitted by /u/whalewhisperer55
    [link] [comments]

    Manager leaving during busy season?

    Posted: 01 Feb 2021 06:16 AM PST

    Hey guys, just wanted to get your thoughts. I'm a second year manager at a regional tax firm and may have an opportunity I'd like to pursue in the pipeline right now for something outside public.

    Just wondering if you've ever seen a manager leave during busy season and what your thoughts are on that? I feel completely burned out and miserable and I'm just not sure I can stick it out any longer. I feel bad leaving the firm and team high and dry, but I just fucking hate my job.

    The con side is I have to pay back tuition which sucks. If I leave in busy season they'll probably demand the full payment back.

    submitted by /u/Mjr334
    [link] [comments]

    Exit opps to industry for someone in Private Company Services (PCS)?

    Posted: 01 Feb 2021 04:36 PM PST

    I'd like to remain fairly anonymous, so the details may be a bit vague. Please let me know if you'd like any extra info.

    • 18 months, CPA, Tax A2, at PwC so senior will not be anytime soon. Anywhere else, I'd stay for that 2 year mark no doubt.

    • Office is in a very large market (think LA, Pittsburgh, Cinci, NY, etc).

    • Exposure to Corp and partnership compliance. High Net Worth individuals, gift and estate, trust, some provisions. Experience preparing fed/state returns as well. Probably 80/20 split in terms of Compliance:Individuals.

    I am curious to know what potential exit opportunities exist or if someone has been in my position and made the jump?

    submitted by /u/DrewBreesGoat1989
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment