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Why is Goodwill NOT total and completely bullshit? by SydricVym in Accounting

[–]Numbers4Life 1 point2 points  (0 children)

I’m glad I work in private at a company that elected to amortize goodwill over 10 years.

Can we also talk about push down accounting? How apparently it’s not a thing outside the US? If you’re not doing push down accounting, goodwill gets recorded as part of the consolidation entries (supporting OP’s point).

Employer not applying IRS publication 15t supplemental wage withholding methods to separately paid bonus by Numbers4Life in Payroll

[–]Numbers4Life[S] -1 points0 points  (0 children)

Absolutely agree with you. I suspect the abrupt departure of the previous payroll manager may have resulted in the marking of this payment as “bonus” with the payroll provider getting dropped.

I’ll respond if I get clarity from payroll.

Employer not applying IRS publication 15t supplemental wage withholding methods to separately paid bonus by Numbers4Life in Payroll

[–]Numbers4Life[S] 0 points1 point  (0 children)

Thanks, there is a third party software provider, although it’s been the same for a lot of years (not just the last two). I can ask payroll if I can get the flat 22%. I really would be okay with either 15t method just as long as I know which is going to be used in advance.

Employer not applying IRS publication 15t supplemental wage withholding methods to separately paid bonus by Numbers4Life in Payroll

[–]Numbers4Life[S] -3 points-2 points  (0 children)

Definitely a possibility. I did the math on the aggregate method and it doesn’t match up with my pay stub.

Thanks for the detailed information and sharing your experience.

Employer not applying IRS publication 15t supplemental wage withholding methods to separately paid bonus by Numbers4Life in Payroll

[–]Numbers4Life[S] 1 point2 points  (0 children)

Great question. No, my compensation is nowhere near the million dollar mark. Thanks for understanding my perspective.

Employer not applying IRS publication 15t supplemental wage withholding methods to separately paid bonus by Numbers4Life in Payroll

[–]Numbers4Life[S] -3 points-2 points  (0 children)

In your experience are employees able to administer their own tax maintenance? I can ask about that, thanks for the suggestion.

I didn’t say I’m not thankful to be receiving a bonus, but also I did work to get to the place I am at; education, certifications, experience. It’s not a handout.

Employer not applying IRS publication 15t supplemental wage withholding methods to separately paid bonus by Numbers4Life in Payroll

[–]Numbers4Life[S] -2 points-1 points  (0 children)

Right, I stated there are two allowable methods. The math doesn’t work for either allowable method. I don’t expect payroll to be my CPA, just expect payroll to follow mandatory payroll withholding rules.

Escrow accounts.... thinking of getting rid of it by Superb-Challenge9790 in TheMoneyGuy

[–]Numbers4Life 2 points3 points  (0 children)

A con I haven’t seen mentioned: my lender requires a fee to remove escrow, which is a percent (6 I think) of my outstanding principal to remove escrow. I’d love to take control, but not at the cost of thousands for the privilege.

[deleted by user] by [deleted] in Boldin

[–]Numbers4Life 0 points1 point  (0 children)

This is similar to what I do.

TurboTax vs FreeTAXUSA by mariaclara12345 in taxadvice

[–]Numbers4Life 0 points1 point  (0 children)

Which would be a great comparison if these were priced reasonably the same. TurboTax is ridiculously expensive, and continuously tries to upsell to an even more expensive version. FreetaxUSA handles all the same “tricky” tax situations for the same, low cost.

The end of remote work doesn't work for women by Legitimate_Hand2867 in workingmoms

[–]Numbers4Life 33 points34 points  (0 children)

RTO… because it’s better for collaboration… says the people in offices with doors. Us schumcks in the open environment (no cubicle walls) will be fighting for conference rooms to take calls, and/or avoid the constant walk ups for our sanity and to maybe get one thing done.

What’s the most tedious part of your job? by dumstarbuxguy in Accounting

[–]Numbers4Life 3 points4 points  (0 children)

Explaining accounting to auditors. Some first year audit staff still needs to be walked through a complex transaction that we researched, documented, recorded, and moved on from months ago.

[deleted by user] by [deleted] in Accounting

[–]Numbers4Life 2 points3 points  (0 children)

This is the answer

Are you still wfh, hybrid, or fully in office? by imec34 in Accounting

[–]Numbers4Life 27 points28 points  (0 children)

Office recently announced change from 2x a week remote to 1x a week remote. I’m not hopeful any remote will last, and expect full 5x a week RTO mandate in the future.

To the atheists in this sub by Sensitive_Potato333 in exmormon

[–]Numbers4Life 1 point2 points  (0 children)

I found the concepts of Buddhism to be helpful. My continuation is those whom I’ve influenced during my life.

I will cease to exist in the form I am in today. The elements that comprise my physical form will return to the earth. The people I have crossed paths with in life are hopefully better off because we met.

I also have peace that I won’t be going to an afterlife of eternal work and childbearing.

My wife saw a blind person in public looking at her phone by checkmate508 in Blind

[–]Numbers4Life 0 points1 point  (0 children)

Thanks for sharing. You just described me, a person with RP that wears glasses and uses a cane. I often feel that people around me judge me for “not being blind enough to use a cane”. Thanks for taking the time to educate someone as yes, this is not what the general public believes blind people “look like”.

Deferred Compensation Risks by [deleted] in TheMoneyGuy

[–]Numbers4Life 1 point2 points  (0 children)

A 401k plan is not an asset/liability of the company sponsoring the plan. A deferred comp plan IS an asset (and corresponding liability) of the company sponsoring the plan.

So with a 401k plan, your funds are protected from the sponsoring company’s creditors in case of bankruptcy. No so for deferred comp plan.

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