I’m a Black Sheep of the accounting folks, as I’m in corporate tax.
Further, my specialty is taxes of the indirect type - sales, use, and excise taxes. There isn’t a whole lot of us out there, and many of us are in consulting roles. I’m no exception to that, as I recently accepted a position which took me out of industry and back into consulting, and moved me from metro Detroit to metro Chicago.
State and local tax is an exciting field, especially with all the legislative changes for municipalities clamoring for non-existent revenue. They are finding new ways to expand the tax base rather than simply raise rates; they are tip-toeing around Supreme Court decisions and the Commerce Clause.
That said, I do enjoy being both a nerd and musclehead simultaneously.
[quote]Sea-Doo Boy wrote:
I’m a Black Sheep of the accounting folks, as I’m in corporate tax.
Further, my specialty is taxes of the indirect type - sales, use, and excise taxes. There isn’t a whole lot of us out there, and many of us are in consulting roles. I’m no exception to that, as I recently accepted a position which took me out of industry and back into consulting, and moved me from metro Detroit to metro Chicago.
State and local tax is an exciting field, especially with all the legislative changes for municipalities clamoring for non-existent revenue. They are finding new ways to expand the tax base rather than simply raise rates; they are tip-toeing around Supreme Court decisions and the Commerce Clause.
That said, I do enjoy being both a nerd and musclehead simultaneously. [/quote]
From my personal experience, the death as we know it of Detroit as a whole is complete. It has hit bottom. That said, I don’t see it moving up much at all; manufacturing will never be what it once was, even with the UAW finally conceding to some wage decreases. Downtown Detroit at this point with their corruption and elected official’s blatant disregard for the people they serve truly needs to just go bankrupt.
I feel I got out while the gettin’ was good. But I will always be a Michigan boy.
Passed my CPA exam, getting better than I expected.
They didn’t give a set score other than tell you what range you fell in versus the other 5000 attendees who sat that particular exam worldwide (5% received high distinction, 8% received distinction, 12% received credit, 40% received pass and 35% failed). I managed to get within the top 25% with a credit and judging from the feedback report, which gave a break down of my performance on each topic covered in the exam, I got pretty close to getting the next mark up with 3/7 topics achieving a “high pass”.
Guess I’m pretty happy but I would of liked to know what my exact result was. Anyway, 1 down 5 more to go.
Personally got my next CPA exam on 30/4, the day after I’m supposed to be leaving interstate for a work assignment for a couple months. It’s already been put on hold once, and looking like it will be put on hold a second time now.
Managed to pick up some more work for our subsidiary companies at the beginning of the year, which has kept me a lot busier and given me a lot more independence. I report straight to the board of directors instead of via a senior accountant for those companies so it’s giving me a lot more opportunities to showcase my skills.
I have got to get out and get my CPA. I have been putting it off for 4 years. Granted working for a school district it isn’t really necessary. Not getting paid as much as I could somewhere else but its decent and still getting a spring, Christmas and summer break ha.
I’m back in public accounting after a 6 month stint working in financial reporting for a public company. The company I was working for was acquired, so back to public accounting I went, haha.
Hours aren’t too bad, steady 55-60 hours a week or so.
Should start slowing down over the next couple weeks for me.
I made another staff cry this year. It is normally interns, but this was a full time hire.
I also played a part in him being let go.
I typically get question mark staff given to me on smaller engagements, because they know how I am. People either fail and are let go, or figure it out. This dude failed…
I recently took Financial Accounting and Managerial Accounting in my MBA curriculum. Might have to say I missed my calling (at least in undergrad). Managerial is so much fun.
I have an MBA, and I hate Accounting. I am a Finance guy. I only want to know how much capital I have and where is the best place to put said capital to get the greatest return.
I know enough accounting to be very dangerous, and give my accountant all information for my tax return.
Municipal bonds. All your money should be in munis brah - that’s what all the old rich people are doing - I finished a return last week - 250K in tax-free interest income. What a country!
I fucking HATE 1099 MISCs. I stood up at work the other day and shouted “This is BULLSHIT!”
Why would anyone need 13 brokerage accounts? I guess it’s better to have a dozen 10 page consolidated 1099s then a couple 50 page ones. I guess. Fuck you either way. And this cost basis bullshit… Why is it my job to find this shit out?
Disallowed wash sale losses.
STILL WAITING ON THOSE K-1s…
You know what I’m just aghast over? How many millionaires collect social security. I mean, it’s broke right? I got into an argument with my gramps, the argument is “They paid into it, so they deserve to collect”. But with all this “Let’s soak the rich! They aren’t paying their fair share!” (which is entirely untrue) rhetoric, you would think there would be more attention to this. Anyway, I’ve been told that when I am eligible to collect SS it won’t be there - so who do I go scream at when that happens? Blah blah blah. I wish I was rich lol
Compushare. All these oil and gas publicly traded partnerships where you own like .00000000001% and the K-1 gives you a headache. Why? It doesn’t make sense.
Pro-systems FX > Lacerte
Being rich must be fucking awesome. Doing their taxes - not so awesome.
At least it’s over, but I still don’t think I get paid enough for this shit.
[quote]RRibber wrote:
Pretty sure I just finished all CPA exams having completed the 4th section last Monday. Just waiting on the score to make it official.
After 2-3 months of networking, going to events, getting business cards, etc, I am going into my third and final interview at a mid-tier firm next week. I just found out that the position is just as an intern and not for full-hire. The way it happened was because I e-mailed the recruiter inquiring about a position and he just asked me to come in to meet him without specifying the actual position he was interviewing me for. It was my fault for just assuming, but on the official app I submitted after the first interview, I specifically put the position that was NOT intern. I’m super pissed but this is all I got going for me at the moment.
Also got referrals to all of the big 4’s and a bunch of other firms and haven’t gotten call backs. A few even rejected me the next day. I think I am a great catch for any firm but I guess I’m off-base and am a complete dick.
Anyway, I know big 4’s end up keeping a big percentage of their interns but anyone have any insight on a smaller mid-tier firm? Maybe they do things differently?[/quote]
An intern position available to someone who is 26 years old and finished university? Damn, you Americans sure do things differently over there.
What you y’all think of auditing at a Big 4 (specifically in the news currently)? I really want to sign…
[quote]skaz05 wrote:
Municipal bonds. All your money should be in munis brah - that’s what all the old rich people are doing - I finished a return last week - 250K in tax-free interest income. What a country!
I fucking HATE 1099 MISCs. I stood up at work the other day and shouted “This is BULLSHIT!”
Why would anyone need 13 brokerage accounts? I guess it’s better to have a dozen 10 page consolidated 1099s then a couple 50 page ones. I guess. Fuck you either way. And this cost basis bullshit… Why is it my job to find this shit out?
Disallowed wash sale losses.
STILL WAITING ON THOSE K-1s…
You know what I’m just aghast over? How many millionaires collect social security. I mean, it’s broke right? I got into an argument with my gramps, the argument is “They paid into it, so they deserve to collect”. But with all this “Let’s soak the rich! They aren’t paying their fair share!” (which is entirely untrue) rhetoric, you would think there would be more attention to this. Anyway, I’ve been told that when I am eligible to collect SS it won’t be there - so who do I go scream at when that happens? Blah blah blah. I wish I was rich lol
Compushare. All these oil and gas publicly traded partnerships where you own like .00000000001% and the K-1 gives you a headache. Why? It doesn’t make sense.
Pro-systems FX > Lacerte
Being rich must be fucking awesome. Doing their taxes - not so awesome.
At least it’s over, but I still don’t think I get paid enough for this shit.[/quote]
Just finished as a busy season intern at a decent firm. Also have all my CPA exams done. I pretty much kicked ass since every other intern in my “pod” quit or was let go in January. I ended up doing the work that was scheduled for 3 interns by myself, including a good chunk of my senior’s work… Firm decided they want to keep me but my offer’s start date is next busy season. BS. What the hell do they expect me to do for 8 months with no cash flow?
Found a private job offering me almost double so f**k the firm. But if they had given me an immediate offer I would have taken it without hesitating because I actually loved public accounting. Going to try and find another firm but I doubt anyone is hiring. I have till May to accept the private accounting offer.
What’s up guys!? I am a junior right now and majoring in accounting. I have an interview coming up for an internship with a big manufacturing company that is headquartered where I live. I got some advice from my mom for the interview because she is also an accountant. Is there anything specific you guys could give me as advice? I would appreciate it, thanks in advance!!!
Also, I got the interview cause my old lacrosse coach is like a president of a part of the company and he helped get me in. Just a little background info.
Edit: Interview is tomorrow… I need this internship!!!
[quote]stefan128 wrote:
What’s up guys!? I am a junior right now and majoring in accounting. I have an interview coming up for an internship with a big manufacturing company that is headquartered where I live. I got some advice from my mom for the interview because she is also an accountant. Is there anything specific you guys could give me as advice? I would appreciate it, thanks in advance!!!
Also, I got the interview cause my old lacrosse coach is like a president of a part of the company and he helped get me in. Just a little background info.
Edit: Interview is tomorrow… I need this internship!!![/quote]
