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Empress Brosephine posted:Congrats Hurt Whitey that's exciting! Thanks! (Also that’s just such a funny sentence to read and appreciate as a boring tax accountant potentially getting a job doing taxes)
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Feb 7, 2021 19:14
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Do you folks have any recommendations on finding an accountant? I’ve had some major life events and previously did my taxes w TurboTax small business. Not sure if I should just research on Yelp?
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Feb 8, 2021 20:04
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Flowers for QAnon posted:Do you folks have any recommendations on finding an accountant? I’ve had some major life events and previously did my taxes w TurboTax small business. Not sure if I should just research on Yelp? It depends on your situation. Most likely Yelp or similar is going to be your best bet, but there are special cases. For instance, if you own a farm, you want someone with experience with Schedule F because most accountants who don't specialize there see that form once a decade. Depending on the nature of your business you'll just want to make sure you get someone who has experience helping clients with that business type if there are any special rules associated with it. I think construction is one of the main areas where this is true. Anything to do with oil and gas, also. In most lines of business this is probably not an issue and whoever you find on Yelp will be fine. Also might want to check with friends and colleagues if they have a recommendation.
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Feb 8, 2021 20:14
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Hellblazer187 posted:For instance, if you own a farm, you want someone with experience with Schedule F because most accountants who don't specialize there see that form once a decade. I do one of these a year and the guy brings me huge paper bags full of fresh okra it's so great I need to get more farmer clients OP, what are the major life events? What's the nature of your biz? I'd say ask friends/acquaintances for recommendations if you can, but other poster is extremely correct that you have some niche poo poo on your return you want an accountant that deals with that niche poo poo. Accounting is too big for us all to know everything down to every detail, so if you need a specialist find one. The only firms around here that are on Yelp are the evil mid-sized firms that I hate cleaning up after, but ymmv
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Feb 8, 2021 21:26
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black.lion posted:I do one of these a year and the guy brings me huge paper bags full of fresh okra it's so great I need to get more farmer clients New Marriage, home and auto in 2020. Work from home w/ home office (prior to Covid). Nothing really niche, just want to make sure I’m not leaving money on the table.
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Feb 8, 2021 23:14
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Hellblazer187 posted:It depends on your situation. Most likely Yelp or similar is going to be your best bet, but there are special cases. For instance, if you own a farm, you want someone with experience with Schedule F because most accountants who don't specialize there see that form once a decade. Depending on the nature of your business you'll just want to make sure you get someone who has experience helping clients with that business type if there are any special rules associated with it. I think construction is one of the main areas where this is true. Anything to do with oil and gas, also. In most lines of business this is probably not an issue and whoever you find on Yelp will be fine. Also might want to check with friends and colleagues if they have a recommendation.
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Feb 9, 2021 03:32
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Flowers for QAnon posted:New Marriage, home and auto in 2020. Work from home w/ home office (prior to Covid). Nothing really niche, just want to make sure I’m not leaving money on the table. Yea any accountant should be able to take care of that, yours are my fav kind of returns
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Feb 9, 2021 11:57
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black.lion posted:Yea any accountant should be able to take care of that, yours are my fav kind of returns Thank you everyone for the feedback!
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Feb 9, 2021 18:10
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Uranium 235 posted:What about finding an accountant to help me trader tax status, section 475 election, deciding whether to incorporate or not? I have no idea whether that's considered basic stuff or if it's more specialized. I've been trading for four years and I'm at a point where I can do it full time for a living, so I think it's time to stop uploading 100-page 1099s into TurboTax. That's specialized, in my view, but not so specialized that most accountants can't figure it out. I've had clients where I've worked through that with them but I prefer not to because it's slightly out of my comfort zone. Honestly I really just want the easiest clients I can get because I'm burned out lmao. If I was trading significant volume I don't think I'd want to be my accountant's first go round with this stuff, though. black.lion posted:Yea any accountant should be able to take care of that, yours are my fav kind of returns I agree with this re flowers for Qanon.
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Feb 9, 2021 18:47
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Hellblazer187 posted:That's specialized, in my view, but not so specialized that most accountants can't figure it out. I've had clients where I've worked through that with them but I prefer not to because it's slightly out of my comfort zone.
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Feb 9, 2021 19:16
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MrAmazing posted:The market for US tax professionals is massively larger internationally. Oh, I'm definitely getting some US tax certification once I get this. It seems like even though the border's right there, not nearly enough accountants here take advantage of it. I was just hoping to look into the possibility of finding a job in another country, even if I have to take extra courses to do what I do now, even if I have to learn a new set of rules. Don't know if I should look for a jump to another firm now (that is, post-pandemic) or wait until I have the designation, if that makes a difference. I'm also still trying to come to grips mentally about living with my parents again in a town that seems dead, and my current job is probably the one thing giving me stability (also a raise of a couple bucks on my last paycheque!). On the plus side, the workshops for PEP modules are asynchronous, so none of this "gotta show up to a two-day 8-hour workshop, not show up late, and participate in discussion" thing. Instead, I just have to watch videos and submit short assignments to prove I watched them. 7 more weekly quiz/practice case/integrated problems and I'll have the 75% required to go for the exam. Thankfully, I already have experience doing case-style problems since I was part of a college-level CGA case competition about 8 years ago. Fun fact: our competition case was about consulting with a client who wanted to invest in a medical marijuana operation, and we had to take into account the possibility of imminent legalization.
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Feb 10, 2021 16:46
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mojo1701a posted:Oh, I'm definitely getting some US tax certification once I get this. Getting an EA (enrolled agent) license is relatively easy. It's just three tests, taken at any prometric center. The hurdle for getting a US CPA license can be pretty high for a non-US person, because you need to have a CPA sign off on a year of work experience. Getting an EA doesn't require that and could potentially get your foot in the door. Especially if you're looking specifically at US/Canada cross border stuff and you've already got a Canadian CA license.
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Feb 10, 2021 16:56
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I never even thought of something like that either; I live a hour away from the Montreal US border and would love to move to Canada…is that something I could feasibly do down the road with a EA?
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Feb 10, 2021 17:00
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Empress Brosephine posted:I never even thought of something like that either; I live a hour away from the Montreal US border and would love to move to Canada…is that something I could feasibly do down the road with a EA? Well it's a US license so it wouldn't help you get to Canada necessarily. Unless I misunderstood Mojo already has or is obtaining a Canadian license and wants some kind of US license to go with it. If you already have any kind of US license an EA doesn't add much additional benefit IMO. I'm not sure if there's any kind of Canadian license that would be relatively easy for a US person to get.
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Feb 10, 2021 17:09
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Yes, I'm currently a CPA candidate (found out that's technically what I am now, and not a student, thanks to workshop quizzes), working on a Canadian CPA, but I figure getting some kind of education or licence to do US taxes can't hurt. Not an actual US CPA, because to be honest, I have no real interest in moving or working in the US (unless I got one hell of a salary), so it'd be something to help me pad my resume and compensation here. It's related to wondering whether or not I could work somewhere else because while the US tax knowledge won't help me as much overseas as it would in North America, it still couldn't hurt is my thinking. Empress Brosephine posted:I never even thought of something like that either; I live a hour away from the Montreal US border and would love to move to Canada…is that something I could feasibly do down the road with a EA? I don't know what the actual requirements are in reverse. I've only seen CPA Canada's list of international agreements, and the ones I'm interested in mostly list "Import foreign CPA, and take local courses on tax, audit, and whatever else." Transferring a Canadian CPA into the US requires a lot more rules and exams, plus whatever requirements are at the state organization level. A quick google search led me to this: requirements for US CPA to attain Canadian designation. Also, I'd like to amend what I said earlier about not wanting to jump ship: I might have to eventually. My professional experience requires CPA to assess audit & assurance skills and verify 425 hours or so, which they've said my job doesn't appear to grant me. My boss said he might be able to lend me out to another CPA he's friends with who does review engagements, but we'll see.
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Feb 10, 2021 17:37
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Sweet thanks mojo
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Feb 10, 2021 17:42
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mojo1701a posted:Yes, I'm currently a CPA candidate (found out that's technically what I am now, and not a student, thanks to workshop quizzes), working on a Canadian CPA, but I figure getting some kind of education or licence to do US taxes can't hurt. You wouldn't necessarily have to move to the US. The process to become a CPA is basically: 1 - have five years of college education. So one extra year after a normal univeristy degree. Many just choose to go for a masters degree while they're at it, but it's not necessary for most states 2- Pass four exams that are fairly difficult 3- Work for one year under the direct supervision of a US CPA. Number three is a big road block for most international candidates, but if you worked at one of the cross border firms there'd probably be at least one US CPA in the office who could sign your experience ticket. That said if you're already going to be a CA CPA the EA license will be way easier to get and likely just about as valuable in that situation. Edit: I should mention I work in US Expat tax mostly. I live in Central America but I'm very very gringo.
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Feb 10, 2021 17:47
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Hellblazer187 posted:You wouldn't necessarily have to move to the US. The process to become a CPA is basically: That's pretty much what I was planning to do, thanks. It's just something to keep in my back pocket for the next few years. I think that's also what one of my now-former coworkers did. She got a job at a larger local CPA firm to get her US designation, even though she'd been living in Canada. Maybe it's because she's a Chinese citizen and not Canadian (at the time), and this was her plan or something. I don't quite remember.
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Feb 10, 2021 17:50
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on the topic of working abroad, is there a expat/how to expat thread in BFC? I only ever really see this thread in my bookmarks and looked through the first page or so of BFC, and didn’t see anything, but maybe I just can’t read or it’s titled something like “Expat: Can you move to the UN?”
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Feb 10, 2021 18:26
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Hurt Whitey Maybe posted:on the topic of working abroad, is there a expat/how to expat thread in BFC? I only ever really see this thread in my bookmarks and looked through the first page or so of BFC, and didn’t see anything, but maybe I just can’t read or it’s titled something like “Expat: Can you move to the UN?” I was hoping there might even be one in Tourism & Travel, but I guess general threads don't exist if it'll be mostly country-specific.
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Feb 11, 2021 18:58
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 My guess is a "scrappy" accountant for a company who spells their name like an Avril Lavigne album means "you will be the only accountant here and our books are an absolute disaster right now" Fake edit: I was right - job ad says this is the first time they're hiring a controller.
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Feb 11, 2021 21:14
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I know when I think of a reliable financial leader I think "must be scrappy"
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Feb 11, 2021 21:16
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Had my second interview this morning, and I think it went a lot better just from now having had some experience interviewing in the last 5 years. Hoping they can offer me something starting in May or whatever, got a $18k bonus (PwC does manager milestone awards) dropping April 15 that I need to still be employed to receive. Guess I’ll hear back next week but the anticipation is killing me already.
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Feb 12, 2021 18:33
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Hurt Whitey Maybe posted:Had my second interview this morning, and I think it went a lot better just from now having had some experience interviewing in the last 5 years. Hoping they can offer me something starting in May or whatever, got a $18k bonus (PwC does manager milestone awards) dropping April 15 that I need to still be employed to receive. Guess I’ll hear back next week but the anticipation is killing me already. Turns out I was right. Got an email from the recruiter telling me to expect an offer letter next week. Now time to see what number they offer, and if it’s remotely good I’m thinking I’m gone. The idea of living in London is just too tempting.
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Feb 19, 2021 23:55
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Congrats man
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Feb 20, 2021 01:15
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Hurt Whitey Maybe posted:Turns out I was right. Got an email from the recruiter telling me to expect an offer letter next week. Now time to see what number they offer, and if it’s remotely good I’m thinking I’m gone. The idea of living in London is just too tempting. 
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Feb 20, 2021 02:05
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Empress Brosephine posted:Congrats man Appreciate it!
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Feb 20, 2021 02:37
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Congrats!
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Feb 20, 2021 05:17
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good news https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/2021.02.18%20WM%20Letter%20on%20Filing%20Extension.pdf
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Feb 20, 2021 10:21
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Nice 10k filed and all questions resolved way before midnight, that’s another year end in the books and boy it just keeps getting more complex
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Feb 20, 2021 10:53
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Hurt Whitey Maybe posted:Turns out I was right. Got an email from the recruiter telling me to expect an offer letter next week. Now time to see what number they offer, and if it’s remotely good I’m thinking I’m gone. The idea of living in London is just too tempting. Man I'd kill to live in london. Their indian food is so much better than in the US. Congrats dude Hoshi posted:Nice Congrats to you as well. Every couple weeks for the past 2 months I'm like oh yeah I'd be in busy season right now if I was still in public. Good Citizen fucked around with this message at 10:39 on Feb 21, 2021 |
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Feb 21, 2021 10:35
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JohnnyTreachery posted:good news Not good news. I can't deal with anything perma-busy season year.
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Feb 22, 2021 15:10
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I think financial valuation killed my interest in accounting for a little bit lmao. It wasn't even a hard class just boring. It got to the point where I considered changing majors, but I'm deciding to finish this poo poo out. I finally start getting into auditing classes though now, which should be fun? I hope? 
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Feb 22, 2021 15:18
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now someone get the LPs to say they don’t need their K-1s until summer
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Feb 22, 2021 15:18
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Ungratek posted:Not good news. I can't deal with anything perma-busy season year. I've got mixed feelings. If it extends 2017 amendments that gives me some breathing room on some projects I let linger way too loving long. I mean I know I'd just let them linger for 2 more months but you know.
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Feb 22, 2021 16:24
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Hurt Whitey Maybe posted:Turns out I was right. Got an email from the recruiter telling me to expect an offer letter next week. Now time to see what number they offer, and if it’s remotely good I’m thinking I’m gone. The idea of living in London is just too tempting. Holy poo poo, congratulations. Good Citizen posted:Man I'd kill to live in london. Their indian food is so much better than in the US. Congrats dude We have a significant Indian diaspora in Ontario, but somehow it didn't quite break out on the same level as it did in the UK (I assume it's because suburban sprawl isolates you from restaurant culture). My Polish cousin who now lives in London loves it. No one in my family is ever willing to try new things, but somehow he's the sole exception. I've visited Dishoom once and it's now a life's goal to at least plan layovers in London just to have breakfast there. Empress Brosephine posted:I think financial valuation killed my interest in accounting for a little bit lmao. It wasn't even a hard class just boring. It got to the point where I considered changing majors, but I'm deciding to finish this poo poo out. Whenever I talk to my boss, or the most recent partner, they both malign audit work and say that's why they chose public accounting with no assurance work. Nevertheless, when I finally took the auditing course, it was interesting at first but then became very dry because it's mostly knowledge of procedures and reporting documentation and sources. Reminds me, I might have to start looking for a new job in about a year or two anyway. I totally forgot my main partner has set a hard retirement date of June 2022, and given that I don't really want to work for the newest partner (and the other partner works in another office, which I may be able to swing toward in the interim), I have less incentive to not want to go. That, and CPA Ontario assessed my job for the 30-month practical experience requirement, and said it's deficient in auditing & assurance, of which I need 425 hours. Obviously not until all of the pandemic is over, but I figure another year before I get settled with my modules and start shopping around. I almost missed the second week's practice case and integrated problem submission deadline because somehow, the first weekly deadline was a Saturday night, but the rest are Friday nights. Apparently, they gave us an extra day on week 1 because of our orientation module. Thank God I check that site once a day.
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Feb 23, 2021 16:41
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Empress Brosephine posted:I think financial valuation killed my interest in accounting for a little bit lmao. It wasn't even a hard class just boring. It got to the point where I considered changing majors, but I'm deciding to finish this poo poo out. Well rest easy in the fact that if you don’t want to specialize in financial valuation, you’ll just be farming all that work out to the same three firms we all do. The only thing close to valuation most accountants do is plugging stock grants into a black scholes tool which does all the hard work for you
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Feb 23, 2021 16:49
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mojo1701a posted:Whenever I talk to my boss, or the most recent partner, they both malign audit work and say that's why they chose public accounting with no assurance work. Nevertheless, when I finally took the auditing course, it was interesting at first but then became very dry because it's mostly knowledge of procedures and reporting documentation and sources. In fairness, I think auditing is perhaps the accounting topic that is the hardest to get a feel for based on what you learn in the classroom. It's very much something you learn on the job, not from a textbook. Like most accounting courses, the auditing theory and concepts you learn in the classroom are important to know but are not something you think about as much when you're actually doing the work, and when you do think about them, it's more interesting when you're dealing with a real-world situation. I realize this is true for much of accounting and college education in general, but I think it's extra true for auditing, the disconnect between classroom learning and the actual work is even greater than in the other accounting topics IMO. Empress Brosephine posted:I finally start getting into auditing classes though now, which should be fun? I hope?
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Feb 23, 2021 17:23
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Hopefully the former. I guess we’ll see. Thanks all
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Feb 23, 2021 17:27
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Good Citizen posted:Well rest easy in the fact that if you don’t want to specialize in financial valuation, you’ll just be farming all that work out to the same three firms we all do. The only thing close to valuation most accountants do is plugging stock grants into a black scholes tool which does all the hard work for you A tool? Just do the calcs yourself!
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Feb 23, 2021 20:06
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