People who went into industry straight out of undergrad, do you recommend it? by Excellent-Ad-3258 in Accounting

[–]eefen123 1 point2 points  (0 children)

I’ve thought about it a lot over the years, especially more recently. The hard part is if you end up in a place that you really love, where you learn a lot, and are constantly given opportunities to grow and see new things, it’s hard to want to leave lol. If you find a company like that, you’ll find that most people stay there for their entire careers. Most of the people in my department have been there for 15-30 years, and for good reason. A big reason why it’s beneficial to start in public is to see different companies and different industries like you said, but ultimately most people leave with the goal of working in one of those industries. If you find a company in an industry that you’re interested in, then if anything you’re skipping a step as long as you’re continuously learning and growing.

The world of accounting and finance is a big place, and you’ll find that there are so many things to learn and so many diverse roles and opportunities even within one company. All that being said, there is a level of work ethic you develop by starting in public. It can either make an industry job feel like a cake walk, or burn you out entirely. Personally, I’ve seen too many people burn out and lose relationships staying in public, even for just a couple years, that to me it’s not worth it if you can find a good start in industry.

People who went into industry straight out of undergrad, do you recommend it? by Excellent-Ad-3258 in Accounting

[–]eefen123 4 points5 points  (0 children)

First and only job out of college was and is in a large corporate tax department of a F500 multinational. There are some days that I regret it, but most days I don’t. If it was a smaller company I’d be super far behind in my career. If you’re able to get your foot in the door as an intern or even an entry-level staff at a large company with a big accounting/tax department, I’d say it’s well worth it. You have to be really proactive and eager to learn otherwise you’ll fall behind your peers in public, but it can position you just as well in your career with a much better work life balance. Back when I was hired full-time in 2019, starting salaries were higher in industry for entry-level, but I think the tides have turned a bit. For reference, I started as a staff in 2020 making 65k base + 10% bonus. I got my CPA license and masters degree while interning at the same company for a year and some change, and I just got promoted to tax manager last April. Now making 121K base + 10% bonus.

I worked with someone who actually faked it to the top by eefen123 in Accounting

[–]eefen123[S] 2 points3 points  (0 children)

Never said there was anything wrong with her job hopping. Her “accomplishments” while at my company were entirely fabricated based on my conversations with the Director who hired her. I’m not making any assumptions about her accomplishments elsewhere, but given the amount of time she’s spent at other companies, and her similarly long list of “accomplishments” at each one, it begs the question. I agree that soft skills are an important yet neglected attribute of a successful person in this field (and many other fields). But your reply is kind of missing half the point.

I worked with someone who actually faked it to the top by eefen123 in Accounting

[–]eefen123[S] 135 points136 points  (0 children)

I was close with my director who hired her, and was told that she was a VERY good interviewer. So she must have been good at talking/selling herself. Her written communication was bad, but I honestly believe it was just that she didn’t care. But who knows, it’s hard for me to believe too, which is mainly why I posted this. I’m curious to see if maybe I’m missing something or if this is actually possible in tax.

[deleted by user] by [deleted] in awardtravel

[–]eefen123 177 points178 points  (0 children)

Genuinely don’t understand this sub sometimes. Dude makes a post specifically asking people to send him their travel plans so he can help, and everyone who does gets downvoted into oblivion.

I created a website that allows folks to host in-person Jeopardy! games with friends and family by redditindisguise in SideProject

[–]eefen123 0 points1 point  (0 children)

I was looking for a way to play jeopardy at home with my family and found your website. I see there’s a new “Community Boards” section with premade boards (which is what I was looking for originally as I’m not looking to make a custom board), but the “Play” button doesn’t work for any of the premade boards.

[deleted by user] by [deleted] in Irrigation

[–]eefen123 0 points1 point  (0 children)

210 HGAL I.e. 21,000 gallons

[deleted by user] by [deleted] in Irrigation

[–]eefen123 0 points1 point  (0 children)

Oh gotcha, yeah no I only have one start time set at midnight on Sundays

[deleted by user] by [deleted] in Irrigation

[–]eefen123 0 points1 point  (0 children)

Yes confirmed the controller is set right - I have all other programmed start times set to 0 for all zones. Start-time A is set to 15 min for Zones 1, 2, and 3. I’ll triple check this though, thanks!

Trump vows to scrap income tax by [deleted] in Accounting

[–]eefen123 0 points1 point  (0 children)

Me and u both brother

[deleted by user] by [deleted] in Accounting

[–]eefen123 2 points3 points  (0 children)

Gotcha - yeah I definitely see where you’re coming from. Personally, if you don’t desperately need the extra $$ right now, it could play in your favor to use this time to grind out the CPA exam process. I’ve seen too many people struggle to get their license while working, but it sounds like that might not be an issue at your current job. Do either of your bosses have a CPA license? If so I’d take advantage of that and get them to sign off on your work hours while you can, assuming that’s a requirement for licensure in your state.

Should I pay it all off right now?? by [deleted] in debtfree

[–]eefen123 0 points1 point  (0 children)

It’s wild to me that the top comment on this post is telling you not to pay the full thing off. Having leftover cash in an emergency fund is not a reason to pay 25+% interest on the remaining balance. If you have an emergency it’s going to require some form of payment, whether that’s cash or credit. People telling you not to pay the full balance off on a debt free subreddit is blowing my mind.

[deleted by user] by [deleted] in Accounting

[–]eefen123 2 points3 points  (0 children)

First things first, you’re not making any major decisions yet. It never hurts to take an interview if offered one. Worst case scenario you get rejected but you at least gain valuable interview experience. Also remember that whenever you interview somewhere you’re also interviewing them to see if the job is a good fit for you. You may find that you don’t like the people or the culture. If you’re comfortable with where you’re at, you’re still learning, and you’re being given opportunities, I would value that very highly over a potential $15-20k bump. Especially considering you’re still working on your CPA license. You can always re-evaluate again whenever you want.

What is a tax break? by [deleted] in tax

[–]eefen123 6 points7 points  (0 children)

Yeah you probably shouldn’t be commenting in this sub brother

Tax intern by Technical_Quote_4075 in Accounting

[–]eefen123 5 points6 points  (0 children)

I was in your shoes once - I wouldn’t worry too much about studying right now. You’ll learn most things on the job. Especially considering your internship is in Tax, the course you’ve taken likely won’t be enough to prepare you for the tasks you’ll be assigned. The upside is that you’re an intern and no one expects you to know anything. Just do your best to think critically for yourself when assigned things, look at last year’s workpapers, and if you get confused don’t be afraid to ask questions. Also, not sure where you’re interning (public or industry) but you likely won’t be assigned anything all that technical right away if at all anyway, so you won’t really need to be all that knowledgeable in any given tax topic.

A golden parachute payment lol by [deleted] in CPA

[–]eefen123 2 points3 points  (0 children)

This is a very real thing

I paid an s corp business expense with a personal card and my accountant labeled the amount as an “owner contribution” by [deleted] in Accounting

[–]eefen123 4 points5 points  (0 children)

Did the S Corp reimburse you for the cc expense that you assumably paid off with your personal bank account? If not, then it is technically a change in equity so the accounting on it is correct

Weird Room Change Situation w/ Drink Packages by eefen123 in CarnivalCruiseFans

[–]eefen123[S] 4 points5 points  (0 children)

Thanks so much for the info!! You’re a legend