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black.lion posted:So is everyone still doing 60+ with the filing date pushed back? Nah, just 50-55s for the next three months. Can’t leave the house anyways so shouldn’t be too hard.
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Mar 25, 2020 06:05
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I like working in public accounting. Work is engaging, difficult, and you get the right balance of client interaction. I’ve had waaaay worse jobs than this.
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Nov 25, 2020 05:54
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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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Hellblazer187 posted:Other people working in tax: Has this been just the worst loving season? Every year seems worse than the last since say, 2017. Last year was waaaay worse. We also told our clients that we were still operating as if 4/15 is the deadline so we wouldn't just end up extending busy season for a full year.
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Apr 9, 2021 17:09
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Hurt Whitey Maybe posted:It’s gotta be just not available yet, because you can definitely efile 5471 (I have a lot of experience doing so, even editing the .xml we get from other providers). I’ll agree that training newbies has been disastrous since going full remote. It’s almost completely up to them to figure how to prepare a return
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Apr 10, 2021 03:05
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Hmmm. Good luck!
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Apr 14, 2021 05:43
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azurite posted:Wonder if this is the right thread to ask this, if not, then I apologize. I bought two shares in an LLC a few years back for $10,000, and my K-1s have been reporting a loss every year since. I've just been tallying them as unrealized "paper" losses, with no impact to my income on my 1040. I held onto the shares, and hadn't bought any more since the initial purchase. However, June of last year, I sold both shares to someone for $3,000. I guess that creates a "realized" loss of $7,000. Can I just slap that transaction on a schedule D, claim it as a loss, and call it done? I'm assuming since we had agreed on the sale price irrespective to what the K-1 losses were, they no longer matter for for taxation purposes. I don't believe so. Edit: removed explanation with terrible 4 days before deadline math and agree with the below. Pay someone to fix it Ungratek fucked around with this message at 23:37 on May 13, 2021 |
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May 13, 2021 17:50
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!Klams posted:If an accounts manager were to get defrauded in a BEC scam to the tune of £300k, but that money was all recovered, how likely do you think dismissal would be? No idea, let us know how it turns out for you
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Sep 2, 2021 01:57
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Sat for FAR today and coulda gone worse Was sure I failed Audit and got a 78 so hopefully this is a good sign
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Sep 3, 2021 02:31
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Crushed FAR. Gotta finish busy season then it’s BEC and REG this winter and I’m DONE
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Sep 15, 2021 01:47
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Hiring someone during busy season just seems cruel
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Sep 17, 2021 00:39
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black.lion posted:lol i passed my last exam i dont think ill ever have motivation to do anything ever again Congrats! Massive achievement. I've just got REG left next month, and I'm hoping to breeze it since I work in tax currently.
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Dec 20, 2021 18:10
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We are pretty much extending anyone that has this issue. Nowhere near enough time to get our hands around this effectively.
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Feb 4, 2022 05:01
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That’s like a whole different universe to me. We won’t take new clients for under 5k and really look at 10k+ as the goal My firm fired tons of 3-7k clients the last year or so
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Feb 10, 2022 04:25
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PatMarshall posted:That's hardly the biggest scandal at weisermazars, the tax partner I interviewed with once stabbed his wife to death shortly thereafter. Glad I didn't take the job. My father was a partner in that office. Basically couldn’t answer the phone for a month after that happened.
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Feb 15, 2022 04:36
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Not sure what’s going on but there’s a large influx of people coming to me the last week or March asking if I can take them as a client and bring aghast when I say no
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Mar 30, 2022 04:55
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black.lion posted:Yall I got my license 🥲 Congrats! I managed the same last month. Feels great having free time again.
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Jun 1, 2022 13:40
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pseudanonymous posted:When someone applies to work for me and is a CPA I just ask them why they took the exam and what they thought of it, I do the same for people who don't hold it, though a lot less specifically. I think it's a really useful tool for establishing if people can actually reason and reflect. What do you do when the reason is “to advance your career and make more money”? Which is the answer that all of us here are giving.
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Jun 4, 2022 14:23
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Virginia was like that too but you could take it unlimited times and you only transmitted a passing score. Much preferred to any section of the CPA. The accusation that auditors were scamming CPE is way funnier because EY must have daily courses you can take. Everyone there should be getting enough hours even by accident.
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Jun 29, 2022 03:13
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Covok posted:106 S-corps/Partnerships/C-corps Don’t have my computer in front of me but roughly 25 1120/1065 50 1041s 75-100 1040s 20 709s Maybe 3 706s 20 consulting projects Edit: I’m the manager, so maybe prepped 20 of those myself
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Aug 6, 2022 00:55
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The new trend of buying fractional shares of private planes People in 145 hedge funds that don’t produce k-1s until 9/15 Ungratek fucked around with this message at 13:39 on Aug 16, 2022 |
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Aug 16, 2022 13:21
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Good Citizen posted:It’s in internship, relax and learn what you can. You’re supposed to be poo poo This but replace internship with "staff"
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Sep 28, 2022 15:31
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Banzai 3 posted:You don’t, your out of office already responded for you. Not an empty quote
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Nov 11, 2022 22:39
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Public firms are definitely still hiring - there’s a severe shortage of staff
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Dec 5, 2022 19:46
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Were you the person who was struggling to find a tax job? I’m honestly stumped if you were, most places can’t find anyone to hire
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Dec 31, 2022 05:34
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Gabriel Grub posted:It's very funny to me because when I was changing careers at 32 and trying to get in at literally any public accounting firm, the partners looked like they wanted to vomit at the sight of someone over 25 trying to become a staff. I started my career in public accounting at 32 after changing careers. Some places didn’t look at me but others did. I did laugh at Deloitte acting like I had leprosy during my interview.
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Jan 19, 2023 02:53
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Jaxyon posted:I have a friend getting paid on 1099, presumably because their boss is a lazy cheapskate, and mentioned they wanted to form a corporation(like an LLC or S) to better be able to deal with taxes They need to rectify having a boss and getting paid on a 1099 since it should be one way or the other. LLC wouldn’t do poo poo and probably would be disregarded. S Corp could help but doubt they’re making enough to justify the compliance cost if they’re essentially a misclassified employee
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Jan 19, 2023 23:24
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Trying to set up a best way to get paid by this terrible job is a real “missing the forest for the trees” situation. I understand wanting to maximize net earnings but it’s not the actual step to take.
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Jan 20, 2023 13:24
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Only thing that matters is that the cover letter has no typos
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Mar 6, 2023 22:22
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Stupid being chickens and just do the CPA
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Mar 18, 2023 00:21
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Hellblazer187 posted:I wish I was a rapper so I could drop a sick diss track on the IRS large business and international division. They are being a pain in the butt
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Mar 18, 2023 22:45
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Overall not a bad season. Finally got a fairly settled book and it makes it so much easier.
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Apr 18, 2023 00:22
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Looks like it, and the states will probably accept it since it’s not like you’re geographically bound to your testing site anyways. I did all my tests in DC but did VA as my board.
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May 4, 2023 18:03
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pseudanonymous posted:Definitely reach out to other recruiting firms also I’d recommend trying to build a relationship with 2-3 recruiters. I personally dont source from RH even though I worked their as an sps consultant and they just placed me in another CFO role like… they are like the Walmart of recruiting to me. I worked at RH as well, now a CPA, and echo everything above
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Jun 8, 2023 14:09
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Intern asked me at happy hour if we do these twice a week all year and I didn’t have the heart to tell them it’s just a recruiting tactic
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Jun 28, 2023 00:23
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Submit your transcript to the State CPA board and note that you’ve got the total credits and the specific credits they’re looking for. They should have a checklist online. I did this in Virginia before sitting for any exam. Undergrad 2009/Masters 2019 so similar situation.
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Jul 12, 2023 23:48
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I’ve filed a few protective claims for that at a few grand a pop
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Sep 30, 2023 02:00
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I had a partner ask me if they taught me anything in school during my first month. It's a steep learning curve.
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Oct 3, 2023 15:27
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Sometimes I regret being in public tax and then I see poo poo like that and think it could be worse
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Oct 17, 2023 00:55
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I can’t fire anyone in less than 12 months. That timing is insane
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Oct 27, 2023 22:41
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