Accountant Discussions
Benefits

Hey there fellow ESQs,
I am creating a professional corporation PC but don’t know whether to incorporate as an S corporation or C corporation. Anybody create a corporation who can lay out the benefits for an S or C corporation tax wise? My accountant isn’t being that helpful

Having a lot of trouble deciding whether to take new job. Offer- 78k, between 3-4 weeks PTO, 7% 401k up to 12% bonus, senior accountant hybrid 40 min commute. I have 4 years exp. But no cpa. Currently make 70 w unlimited PTO 3% 401k, remote and am fairly miserable but I do like the people I work with.. but also not the happiest at home as I don’t get out much.

Hello! I am graduating in the fall of next year with my B.S. in Accounting. I was offered a staff accountant position to start immediately at a small firm in Central Florida. The salary is $52k per year with decent additional benefits. Is this a good entry level salary?

Thanks!

Anyone have a solo 401k for your LLC? Any insights/watch outs? Do I ask my accountant about setting one up, or do I need to find some kind of investment pro — or can I do it myself thru fidelity or something?

I’ve been looking for a senior accountant (industry role) for a few months now, with not much luck. Most of the applications we receive are for candidates with much more experience than what is required. I was expecting to see a lot of Big4 or mid-tier seniors or associates that are looking to move to industry, especially since the news lately is that PA firms are experiencing attrition at those levels. We’re offering competitive pay and great benefits. What gives?

Is $75K not enough for a staff tax accountant?

I have difficulties finding one. No CPA required, 100% remote, decent health insurance; and no one is biting. Two main requirements: understanding of income/franchise tax and good Excel (ideally - Power BI and or Alteryx). Does our recruiter suck or do we have unrealistic expectations?

For those of you that started your own business, do you work with an accountant / tax advisor or do you do it yourself? What prices / benefits have you seen?

Can you apply for a per diem tax job besides your full time tax accountant job? Both are public

Can someone explain the tax benefits of an HSA to me like I’m five? Everyone seems to be on the same page with these and as a accountant I’m embarrassed I don’t get it

Currently an A3 in assurance. I have two job offers: senior financial analyst (FP&A role) and senior accountant. Similar pay (a little over 40% raise), similar benefits. Will taking one of the offers limit me to just those types of roles going forward or would there still be an opportunity to do the other later on?

Should post-tax 401k contributions show up on my W2? (I only did post-tax contributions, and got pre-tax gains)

My accountant says yes, but my company’s payroll team says no.

Any advice much appreciated.

So I’m excited I have three pretty solid options 1. Being a trust tax manager at a bank ( I’ve done banking/trust world before)
2. Contract to hire at a private equity firm 3. Staff accountant role at a healthcare company. Thoughts on these options?

Have an offer to leave for industry for a Sr. Accountant role for an F500 that, despite the economy, is growing rapidly. Currently an A3 in the greater Michigan market. CPA. 20% pay bump plus 8% on average bonus thereafter, excluding any future pay increases from promotions. Solid benefits/ retirement match. ESPP. Do I abandon ship?

My programmer wife and I are about to reach 250k/y household income. How do we find a good personal accountant to help us save some money in taxes? We already have a 401k and IRA accounts and no home or children. I feel TurboTax might not be our best option anymore. Advice?

Applied for a government job as an accountant today. Base pay is 40% higher than what I’m making now as an A3, assurance, LCOL. As a matter of fact, base pay is higher than my total comp at PwC (that’s base plus bonus and the value of all benefits). Are government jobs competitive to get into?

Advice needed: looking to leave public accounting and tax for good. I have two offers between a financial analyst and an accountant role. Based on your experience, which of the two has the best/better exit opportunities (should I decide to pursue the finance realm or something else) and better work life balance? The bigger pay as an analyst is tempting, but the company benefits are meh.

Anyone familiar with salary in orange county (SoCal) and LA/El Segundo area? Interviewed for a senior accountant role in a public health care industry in Irvine, but their maximum pay is 85K. I thought Irvine should have pretty good pay too but this surprises me. Even a private Healthcare company in El Segundo pays more than that for the same role but with even lesser experience and easier job duties...

Is this salary too low? I'm @ final interview for senior accountant and job posting said $60-65k. Before you say it's too low right away, my experience is on a low end of this of this role. Just 1 year auditer @ national top 10, 6 months intern at same firm, 1 year accounting intern at local private firm, and 2 years doing AP clerk. I'm a licensed CPA and in MCOL. I really want this title for growth but don't want to get stiffed. It's a large corp w/ great benefits.

Considering 2 industry job offers - #1 is a mid-size software company, $70k + $5k signing bonus. #2 is a mid-size fintech company, $83k. I've been wanting to work for #1 and I like the industry and people better, but am having trouble looking past the pay. For context, I'm a senior 1 making $73k base. Both roles are standard GL accountant roles, and benefits are similar. Would you take a pay cut for a company you wanted to work for?

Hi! Relatively new here. Current employer doesn’t provide a 401K, and former employer is about to shut down their 401K, so I need to transfer that money elsewhere. Any advice as to - where to transfer it, and how best to keep max saving for retirement? My tax accountant suggested doing a 401K via an LLC since a typical IRA has too low a limit. Any advice or suggestions?

When’s a good time to leave PA? An opportunity to join as a senior accountant for one of the top publicly traded companies just came my way and I’m a first year senior. Debating on whether or not to take it. Pay is close to six figures in the pacific north west - close to a 30% pay bump for me and great benefits.

Hi Accountant 🐠!

My friend just received settlement. She is trying to figure out what to do with it. Someone told to open a trust to avoid taxes and impact on her potential benefits <contd>

Im a government accountant, earn about 100k/yr not including retirement and benefits. How much would a company have to offer to consider leaving a gov job?

What else can I do with an accounting degree? I want to get out of audit and have no desire to be a staff accountant or financial analyst. 1.5 years of experience. I was thinking benefits consulting?