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    Accounting Small Office Problems

    March 04, 2021

    Accounting Small Office Problems

    Small Office Problems

    Posted: 04 Mar 2021 02:21 PM PST

    goals

    Posted: 04 Mar 2021 04:01 AM PST

    Don’t be good in public accounting

    Posted: 04 Mar 2021 01:29 PM PST

    Oh wow new associate, you are picking up the work fast. Now that I know this I will assign you to the most fucked up engagements.

    Oh wow new associate, you are dependable. I will now look to you when I need someone to finish something ASAP because someone else fucked up. Also note, I will turn to you regardless of if you are already completely overwhelmed with work because of above fucked up engagements I assigned you.

    Thx

    submitted by /u/ShadowofStannis
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    Accounting career in nutshell

    Posted: 04 Mar 2021 05:24 AM PST

    The IRS is hiring over 1,000 Revenue Agents nationwide - Apply by March 15

    Posted: 04 Mar 2021 03:06 PM PST

    https://www.usajobs.gov/GetJob/ViewDetails/593739000

    The small business/self-employed (SB/SE) division of the IRS is hiring over 1,000 Revenue Agents this year. This is a very large hiring event - significantly larger than any other RA hiring event in recent memory. These types of hiring events typically don't happen more than once every 2-3 years, although they did hire last year (I just started 2 weeks ago). You need to apply by March 15 for consideration. With government job applications like this, there is no leeway for missing a deadline or forgetting to submit required documentation.

    There's a lot of fun jabbing on this sub debating Public vs. Industry vs. Government. I've done all 3 and there are benefits to each. The biggest draw in my opinion to working in government is that it's a straight 40 hours, and that's it. It gives you time to actually find hobbies/see friends and family/etc. The pay is decent - although the job posting says salaries start at $35k, that's at GS-5 in a LCOL area. Realistically most people would only start at GS-5 straight out of college, and GS-7 if they had a high GPA. If you have a few years of accounting experience, GS-9 or GS-11 is reachable. I started at GS-12 with 3 years of Big 4 audit experience and some industry experience.

    What is a Revenue Agent? Exactly what you think of when you think about an IRS agent. No, we don't carry guns -- we enforce civil tax code, not criminal tax code. In non-pandemic times, we would actually do fieldwork and conduct examinations at taxpayers' places of businesses or their homes. The SB/SE division serves businesses with $10M or less in assets, and 1040 filers with Schedules C, E and F.

    The insurance benefits are very good, and of course, there's a pension. Factoring all of that in, the pay is quite a bit more competitive than it seems on the surface. I personally got a pay bump coming from industry, and a shorter commute. It's 100% telework right now, and can be up to 80% telework during non-pandemic times.

    Happy to try to help answer any questions. I am new to the job so I don't have much experience about the work to share yet, but I am familiar with the application process and have done a bunch of research before making the jump.

    submitted by /u/Jenna-Taglia
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    Making a lot of mistakes this season

    Posted: 04 Mar 2021 04:50 PM PST

    I spent 7 hours on a corporate return today. I could not figure out how my balance sheet was off so much. I could not figure out how the difference in inventory affected my income statement. I finally it gave it to the partner and he thought I was an idiot. I am and I'm really fucking tired and officially trying to get out of public

    submitted by /u/car80x
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    It is known.

    Posted: 04 Mar 2021 06:55 AM PST

    I guess its that time of year...

    Posted: 04 Mar 2021 08:05 AM PST

    I'm getting so FAT

    Posted: 04 Mar 2021 08:52 AM PST

    because of all these fucking hours I'm eating

    submitted by /u/arozan24
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    I put in my two weeks notice

    Posted: 04 Mar 2021 09:12 AM PST

    I did it!!!

    You may have seen on my profile that I am fairly positive about my experience at big 4. But, at the end of the day it's big 4. I did the best I could and tried to stay positive. I learned a lot and built a great network, met lots of friends, made my resume looks amazing! I am thankful for for the opportunity. One of my old colleagues who left the firm actually the one that helped me get this new job!

    With that said, I'm so happy to put that chapter behind and finally have a career, have a life and be happy without having to try. This still feel unreal! For those of you who are still with big four, I know it sucks, but your time will come! Hang in there!

    I can't wait to discover what having a life, a mental health, is like! Gonna be a whole new me!

    submitted by /u/JellyPunk
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    Partners: “And I took that personally”

    Posted: 04 Mar 2021 05:29 AM PST

    See You To-

    Posted: 04 Mar 2021 09:45 PM PST

    Yeah yeah I'm complaining like everyone else here

    Posted: 04 Mar 2021 04:44 PM PST

    I feel physically ill trying to do my cpa assignments/readings. Been on the brink of a panic attack since September when I started in PA and haven't been able to get my heart rate under control since. Wtf!! Too confused to call it quits and move on not to mention the expectations that come with this career choice. When do you decide to move on???? I know 100% this isn't even close to long term for me but like, how short term is it? I think I'm having a quarter life crisis. Anyway hope y'all are surviving.

    submitted by /u/midnaslibrary
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    When the balance sheet doesn’t balance the first time around

    Posted: 04 Mar 2021 12:19 PM PST

    A rant from a stressed B4 new-hire during tax season

    Posted: 04 Mar 2021 05:33 PM PST

    Hi friends, I just joined B4 in January in tax and was immediately staffed onto a special project so I missed basically all my service line training during the first 2 months I was here.

    Now I'm off the project and getting assigned to tons of little projects that are more tax consulting with some really awesome teams. I genuinely enjoy these teams and they take a lot of time to show me things, which I appreciate so much. These projects are small tho and leave me tons of availability, so the past few days I've been assigned to two major compliance projects that have preparer needs.

    Cool, I don't mind compliance. I actually think it'll be really awesome getting this experience and it'll also help me hit my minimum chargeable hours. I have a zoom call with the manager who seems totally awesome, and she then sends me an email with just the name of the first individual return I'm supposed to do. No other instructions.

    Like girl... I just told you I missed all my training and have no idea what I am doing!!! I asked if there was a staff 2 or senior I could ask my stupid ass questions to (aka... wtf do i do now??) and she says to just reach out to her and the other manager. This woman, bless her damn soul, spent a WHOLE HOUR going step by step through the organizer with me to help me learn how to even start.

    Now I am not ~new~ to 1040's, but I have no idea how to do use my company's organizer system, procedures, etc. I've always had prior year returns for clients I can at least use as a guide but there are no prior year returns for this client. I just felt like a complete moron the entire day and I am struggling epically with all of these nonresident state returns and allocation of foreign incomes. She's obviously really busy so we didn't do anything in the actual tax software together but I just feel like I need to go through one with someone or have them review with me just so I can ~get it~.

    I know my managers know I am brand new and probably expect literally nothing from me, but I still want to put out decent work product just for my own sanity. I am high key terrified of getting an awful review from this project because I never got real training and I hope they come back with good review notes so I can at least improve over the next month and a half.

    I know there have been a lot of these posts recently from new hires, but I just feel like you guys are the only people that really get it.

    Thanks for listening. Rant done :-(

    submitted by /u/fried__ravioli
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    Post Busy Season life is literally so chill at the Big 4

    Posted: 04 Mar 2021 11:02 AM PST

    I went from working 80+ hours two weeks ago to like maybe 30 this week. I'm loving life right now 🥰

    submitted by /u/CaptainSnacksBitch
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    This career is draining my life force. This will be my last tax season.

    Posted: 04 Mar 2021 08:54 AM PST

    Just need to commiserate a little bit. I don't know how anyone can work these hours and stay healthy. The rest of your life just goes on the back burner. My sleep, diet, and exercise go down the crapper. House is messy, no time to relax. Constantly tired and unhappy, the work just piles up.

    Every year this season makes me question why I worked so hard for a degree and a CPA license. The money is decent but is it really worth selling my youth for? How many times a day can I fantasize about walking out into the sunshine permanently before I actually do it?

    I don't have a plan for what I'll do after but I have some savings. The coronavirus job market is kind of scary but I feel like I can find a way to scratch out a living that makes me feel alive. If anyone has a story of how they quit without another job lined up and it worked out, I'd love to hear it.

    PS. That u/Sneezis guy is awesome and I like his posts here. I hope ya'll maintain your sanity. We aren't robots even though our jobs makes us feel like them. Anyway good luck guys.

    submitted by /u/Sexy179
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    Please for the love of god, spend more time on your resume!

    Posted: 04 Mar 2021 11:22 AM PST

    Dear fellow accountants and finance wizards,

    Please, please, please spend more time on your resume. Have you proof read? Have others proof read? Is there too much space/not enough? Is it organized, clear, and concise? Does it convey your accomplishments and responsibilities? Does it convey that you are a professional who is proud of their work, their attention to detail, their ability to reconcile, analyze, and clean up a messy balance sheet? Or is it incredibly boring and look like you spent 2 minutes on it?

    I've been in a hiring role for the past 10 years and my god the resumes I run into make me depressed. It hurts the eyeballs. While I'm not looking for a work of art (although much appreciated when I do run into one) I also worry about your professionalism and care for the quality of your work when I see sloppy resumes, misspellings, lack of negative space, and unhelpful words thrown around on the page like a dictionary vomitted on it. I assume you're going to have the same care (or lack thereof) when it comes to your job.

    Seriously, I've come to dread the hiring process.

    submitted by /u/savagefleurdelis23
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    Buy the DLC

    Posted: 04 Mar 2021 06:09 AM PST

    When they make senior they get it

    Posted: 04 Mar 2021 06:03 AM PST

    What is the best accounting job you had?

    Posted: 04 Mar 2021 06:59 PM PST

    It’s my 7th tax season and I hate my career. What are my options?

    Posted: 04 Mar 2021 02:32 PM PST

    Background: bachelors in accounting (no masters), CPA license. Experience with UltraTax, CCH and GoSystems. Salary: 55k/year. Bonus: 5k/year. Market: decent sized city but not top 50 in USA by population.

    First 3 tax season: large cpa firm (not big4 but next tier)

    4th tax season: small one-office cpa firm

    5th-7th (current) in-house tax advisor for wealth planning firm

    I am completely drained by Tax seasons. I'm doing the math on how much money I need to retire and live off of, FIRE-style. And I'm not even 30 yet. I'm already fed up with work.

    It doesn't matter what type of tax role I work, i doubt I will ever find a job that won't require 80-hour weeks one-fourth of the year. I alternate between panic attacks and mind-numbing depression, even during the off season when planning for tax season. I am 100% burnt out. I don't know how I'll last another 6 weeks until tax day. I wish I could have a job where I was paid for my knowledge and experience, and not for my ability to work every day for six weeks straight.

    I kinda wish I started in audit. Maybe there would be better exit opportunities without excessive overtime, like these fabled "industry" positions that are far rarer than in tax.

    I've considered moving into a completely different area, like IT or sales, but i would hate to waste this experience, CPA license, and degree. I'd be starting my professional life over from square one.

    If you were in my shoes, what would you do?

    submitted by /u/MyOwnPath
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    IRS Revenue Agent Positions

    Posted: 04 Mar 2021 11:48 AM PST

    https://go.usa.gov/xsQ6v

    The Internal Revenue Service is hiring for Revenue Agents. I applied for the position last June and got the job after someone else posted in r/accounting so wanted to do the same. I just recently started a month ago so I don't have a ton of answers, but I do know about the application and interview process and can do my best answering anything else. The job has been great so far!

    submitted by /u/kadyrovs_cat
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