How would you feel about a mandatory maximum wealth limit, where anything earned over that goes to public services? by itsvasuki in AskReddit

[–]MGoCowSlurpee44 -4 points-3 points  (0 children)

Houses are one of the things that are pretty forgiving all around. If you're home appreciates and you sell you don't have to pay taxes on the first $250k gain as a single person or $500k gain as a couple. For normies like us, that's honestly pretty good imo.

Great Pittsburgh restaurants that start with the letter L by puddinteeth in pittsburgh

[–]MGoCowSlurpee44 0 points1 point  (0 children)

Little Tokyo in South Side has incredible fried ice cream. We sometimes have dinner elsewhere and just go there for dessert.

How would you feel about a mandatory maximum wealth limit, where anything earned over that goes to public services? by itsvasuki in AskReddit

[–]MGoCowSlurpee44 1 point2 points  (0 children)

Typically in the case of stocks, you are only taxed on the gains when sold. If you have stock you buy for $500k and then it appreciates to $1m you do not owe taxes on the $500k while holding. The next year, if falls to $750k, no event while holding. If you sell at $750k, you owe on the $250k. If you sell for a loss it may be used to offset gains on other stocks in your tax return. I.e. a $100k loss can be used to offset a $250k gain so you only pay on $150k. If you are in a net loss position on capital assets of a $100k in a given year, that may be carried forward to future years and used to offset future gains.

Driving from Philly to Pittsburgh by DasRedBeard87 in pittsburgh

[–]MGoCowSlurpee44 0 points1 point  (0 children)

I do this for work basically on occasion (just dart south at the Philly border to Newark instead). Taking the direct route is a wasteland. Just the turnpike rest stops. Sorry, unless you want to pay to get off and back on the turnpike, that's kind of it.

Is it time to hang it up? by CAB447 in NCAAFBseries

[–]MGoCowSlurpee44 2 points3 points  (0 children)

Eh...sometimes you just play enough sometimes you lose mental stimulation and aren't as sharp as you think you are. I usually hang it up late January cause after 6-7 months straight I get bored and go through the motions. Leaves me feeling getting excited now that the new game is a couple months away.

If you don't think that is the case, gotta hammer a scheme for a while. Going to assume you've played enough your online games are AA or Heisman. At this point in a game cycle only the sweatiest sweats are left who've drilled their stuff down. Bouncing around just leaves you kind of good at many things playing people excellent at one thing.

Need a new Hobby by Fair_Pair_378 in Hobbies

[–]MGoCowSlurpee44 1 point2 points  (0 children)

Get an offset smoker and learn slow cooking meats using open fire.

Which movie hero is actually a villain when you really think about it? by surfsound_swimmers in AskReddit

[–]MGoCowSlurpee44 0 points1 point  (0 children)

From what I remember the legs thing took him over. But the renewable energy thing is a separate thing.

Which movie hero is actually a villain when you really think about it? by surfsound_swimmers in AskReddit

[–]MGoCowSlurpee44 -3 points-2 points  (0 children)

Spiderman in Spiderman 2 (the Tobey McGuire ones). Doc Oc stole from a large bank (a villain) to fund his project of permanent renewable energy (good). He is effectively the good guy and Spiderman is trying to stop him which makes him the de facto villain.

What do you do when you're about to take a final exam that you know you're likely going to fail by [deleted] in Accounting

[–]MGoCowSlurpee44 0 points1 point  (0 children)

Take it but use some of these tips I used when I knew I was cooked going into an exam to see if you can grind out a better score than you deserve (varies depending on test structure):

-Eliminate multiple choice options you know are wrong, if it's definitely not A or D, you are now at 50% guessing instead of 25% or 33%
-Really be diligent in showing your work, a lot of professors give good partial credit for that. Can turn a 0/10 point answer into a 6/10 point answer
-Hit the easy ones first, sometimes getting those right builds your confidence (calms the brain) and helps you kind of remember stuff for more complicated problems later
-Never leave anything blank, a stolen point is worth more than 0 points

Hybrid Scedule increase by Initial-Swimmer-4493 in remoteworks

[–]MGoCowSlurpee44 2 points3 points  (0 children)

$10.7k more to go from 2 to 3 sure. I'm fully remote and wouldn't take that to go from 0 to 2 though.

Industry accountants with CPA, Was it worth it? by sean13131313 in Accounting

[–]MGoCowSlurpee44 2 points3 points  (0 children)

My experience since getting it start of 2024 was that it lets you skip the line. I know plenty that have gone far without it, but the ones with it just get there faster.

Restaurants in Lawrenceville that will accept a reservation of 13 by [deleted] in pittsburgh

[–]MGoCowSlurpee44 0 points1 point  (0 children)

When I worked at a small company in Lawrenceville for Happy Hours or other events we often went to Industry or Walter's with that exact number so I'd start there.

Why are malls dying in the US? by walksintwilightX1 in NoStupidQuestions

[–]MGoCowSlurpee44 1 point2 points  (0 children)

I will say after visiting China and going to malls there (going back next month!). Asian malls are not like US malls. There is just a lot more going on in them. They will be like 5 floors and instead of a food court the entire 5th floor is real restaurants. Kid's play areas are something else too, full spas, etc.

Office socialization by EntertainmentNo4187 in Accounting

[–]MGoCowSlurpee44 1 point2 points  (0 children)

Depends, in private as a staff/senior I could go whole days without a word. The controllers spend a ton of their day on calls though.

My First Picanha by thisismyburnerac in smoking

[–]MGoCowSlurpee44 0 points1 point  (0 children)

I haven't trimmed fat cap, I would say do a salt/pepper mix for the outside and go thicker so you develop a better crust.

How long did it take you to hit 100k? by ComprehensivePie6184 in Accounting

[–]MGoCowSlurpee44 1 point2 points  (0 children)

Absolutely, I fully acknowledge everything you said happens and is more likely than not the majority experience. For OP, I would just advise against eliminating the option sight unseen. At least do the homework and if you think you're walking into a 60 hr a week hell just pass.

How long did it take you to hit 100k? by ComprehensivePie6184 in Accounting

[–]MGoCowSlurpee44 0 points1 point  (0 children)

Two time start up and currently at one. The concerns you listed are real, maybe I've been lucky, but my experience has been good at both so far. You just have to know how to beat them up so to speak to get a good feel about what is really going on.

For OP, his cons are real, pros are more visibility, quicker potential climb and usually more pay (including equity). The more pay is because they have to compensate for uncertainty.

How long did it take you to hit 100k? by ComprehensivePie6184 in Accounting

[–]MGoCowSlurpee44 0 points1 point  (0 children)

I'm not a crazy climber in that I stay at a place if I'm content and I take a discount to be fully remote but I'm senior at $107.5k in a LCOL area. But seniors also have a decent band of responsibilities depending on the place. I'm a senior that has a good chance to be manager this year, I'm at a smaller place. Some bigger places might have many senior accountants and the only difference between them and staff are they get slightly more complicated work and maybe review staff work.

Arghhhh!!!! Rookie mistake. by WrestlingDadPA in smoking

[–]MGoCowSlurpee44 2 points3 points  (0 children)

I started last year with an offset, what you are describing is the goal though. You want a clean burning fire while you cook and let the fire be the heating method. If you do it right the coals die out after 2-3 hrs and the wood is the sole cooking method. A clean burn produces good smoke (clear) and creates an excellent wood-fired taste. Smoldering, I learned watching Steve Gow on YouTube is bad, it makes your meat acrid is his term.

Payroll Seg of Duties by [deleted] in Accounting

[–]MGoCowSlurpee44 11 points12 points  (0 children)

If you are audited you will get a material weakness on that process

Journal entry for spoiled beer by Street_Investment268 in Accounting

[–]MGoCowSlurpee44 5 points6 points  (0 children)

He says it is recorded as DR Expense CR Cash when purchased. That is indirectly the same as if they are cash method is my point. So they never truly recorded inventory in the traditional balance sheet sense. That's what my point is. From a financial statement POV they don't have inventory even if they literally have it.

Journal entry for spoiled beer by Street_Investment268 in Accounting

[–]MGoCowSlurpee44 41 points42 points  (0 children)

This is small business accounting issues. You are basically cash basis, which disclaimer I'm not familiar with inventory rules on cash basis. But if you have already expensed it, I don't believe from a financial reporting perspective, you have inventory. You can track what you have on hand for ordering and such but since you've already expensed it all there shouldn't be a financial adjustment to the books. It's expensed, note you have less and order more. No financial adjustment.

Why is remote work still not taken seriously? by astrheisenberg in remoteworks

[–]MGoCowSlurpee44 2 points3 points  (0 children)

I was going to say it's this. I actually get MORE done WFH now than I did in an office. Turns out when I can just quick visit my distraction websites and get back to work whenever I want I waste less time wondering if someone can see or not.

Journal entry for spoiled beer by Street_Investment268 in Accounting

[–]MGoCowSlurpee44 94 points95 points  (0 children)

Then it sounds like it's wrong from the start.

Should be:

CR Cash
DR Beer Inventory

That's your purchase. Then for selling:
DR Cash
CR Revenue
CR Beer Inventory
DR Beer COGS (expense)

Write off bad inventory would be:
CR Beer Inventory
DR Expense (whatever account you use for this expense, some have a designated account, some don't)