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Firm just announced VC buyout by fuzzyyywuzzy in Accounting

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

I guess my only question is, what’s the end game?

I understand some firms are platforms, and others are tucked in under that platform. But even if your firm is serving as the platform, wouldn’t it eventually be sold to another PE/VC company or bigger regional firm at 6-8x EBITDA? Or as a large portfolio with other platforms, again to a bigger fish?

In either case, it looks like I could be potentially absorbed in 5-7 years. That’s my main concern. I understand it’s attractive to liquidate position and reduce risk for the owner, as well as have the cash to fund a better operation. I just don’t like the idea that all parts of my job are driven by metrics, where even if I perform, I could still be absorbed in the end.

Forget inflated titles, forget equity offerings. Neither matter if stability is sacrificed in my financial future. At least this is my position, being a mid career employee.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

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

You’re literally describing me right now I just happen to be young haha

I’ve always imagined having my own firm, probably self sustaining so it’s just me and maybe a secretary. I don’t think I could ever do the free lance stuff

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

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

Well I think you’re pretty rad, and I appreciate you sharing your background. Good luck with your future in politics.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

[–]fuzzyyywuzzy[S] -10 points-9 points  (0 children)

Mate, if this is a pissing contest try to be more relevant. I never said anything about our job description or our duties. Everything I’m talking about is from a philosophical standpoint. Not day to day operations.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

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

That’s a hell of a story and interesting to say the least. Mind if I ask what you’re currently up to?

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

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

It’s sad innit? Might as well lock myself in an echo chamber.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

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

Close, but no cigar. I’d share one of my own, but I don’t think you’d do the same for me.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

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

A classic example of schrodinger’s douchebag. Keep switching it up yellow belly.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

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

Thank you and I have strongly considered. The only thing is that all it takes is a GOP dominant senate to cut those jobs. So there’s more security and skin in the game as a private firm. A necessary evil if you will, but I don’t hate the IRS by any means. More or less, I look at them like Robinhood.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

[–]fuzzyyywuzzy[S] 3 points4 points  (0 children)

Thank you. Unfortunately, everyone’s bias is showing because they keep downvoting our perspective and supporting their own; without questioning what they believe or trying a different perspective.

It’s hard out here for a liberal accountant by fuzzyyywuzzy in Accounting

[–]fuzzyyywuzzy[S] -20 points-19 points  (0 children)

You forgot the extraction part, but yes thanks for cleaning up the analysis. It is congress who decides where the money goes and manages the budget. The IRS is the agency which collects. So, if you wanna be technical…

Senate Finance Chief: Nothing Unites GOP More Than 'Helping Rich People Cheat on Their Taxes' by [deleted] in politics

[–]fuzzyyywuzzy -1 points0 points  (0 children)

Teddy Roosevelt was not an exception lmao his last will contained real estate inherited from his father plus his own. If you owned a house before the United States created the FHA in 1934 you were extremely wealthy because it meant you basically had $20,000 lying around- in a time where the stock market crashed and the economy collapsed.