like
Posting as :
works at
You are currently posting as works at

Understanding this isn’t what you were asking, how close to the year mark are you? What’s the difference in the reason for leaving that’s so appealing you’d consider paying back the bonus?

like

5 months away. Higher paycheck. I could use the new sign in bonus to pay half of old one and would need only the equivalent of 3 months of the additional income to payoff the rest. So worth making the move without waiting.

like

Lol following!

like

Isn't it f*ed that they don't pro-rate it anymore? Feels like modern indentured servitude

like

People accepted indentured servitude too.

I looked into this myself as I was contemplating a move before my mandatory 2 year period was up. Based on what I found, think you are totally screwed. Your bonus is taxable comp in year received, and in following year, as an individual, you have no basis for a deduction for year 2 payback.

like

Thanks!

helpful

It was my understanding that if it’s paid back in the same calendar year, only the net amount needs to be paid and the company needs to amend their 941. If it’s paid in a subsequent year, full amount is paid and deducted from wages

like

If it is in the same year, then it is easy it just doesn’t count as income and your taxes at the end of the year will be fine. Witholdings will come back as an over payment.

If you received it in one tax year and return in another that is tricky - get tax help.

Also - move out of NYC, not worth the taxes to live there.

like

Why have you tagged all companies?

You’ve effectively prepaid some taxes but in your 2021 return it should get straightened out

Ultimately for your tax return you pay income tax over what you earned. What you paid back should come out of it. You have to ask it to be reflected in your W2

Don’t take PTO, use your PTO money to pay it back

Related Posts

S&P Global Hi Fishes. Need your help. S&P Global v/s HSBC Both are offering same compensation. YEO: 8+ Profile: Marketing HSBC India HSBC S&P Global

like

I am hearing that MBB is pausing majority of the interviews - should I be worried about my offer getting rescinded? I luckily got my offer a few months ago and received my signing bonus already.

like

I am having 4 YOE as a frontend developer
2yrs as a pure asp dot net- jQuery Frontend developer
2yrs as a React,Angular UI developer (means my current role doesn't have api integration and in-depth frontend activities)
What to expect in basics of salary and skills to up-skill my career as a frontend developer.
I feel like I'm underpaid for the work I have been giving

like

Hi Thoughtworkers! Hope all well.
In Thoughtworks offer letter there is no mention of Stocks and joining Bonus. Can someone give insights about it including figure?

like

I am stranded in a foreign country, was traveling for personal reasons, because AA cancelled my flight citing weather concerns but is flying other flights at the same time. Is there a way for me to 1. Get an alternate flight that is not painful. 2. Escalate and get compensation? Thank you.

like

35/m sole earner for a family with 2 kids. Want a life insurance with a ~$2m payout (to cover nice funeral, mortgage, kids college, spending money for the wife until she finds husband no.2 etc). Should I go with term, permanent or one indexed to a fund? Also, should I get one policy or is there any advantage to taking out multiple?

like

Everyone complains about high healthcare costs in the US. I understand that it’s a complex problem including drug prices, insurances etc. But no one talks about the high physician salaries. Why do surgeons make near a million in the US while they make $250K in Canada?

The artificial supply limitation should end.

like

How old were you when you started making $100k+ salary?

like

Bain & Company Hello, I received an offer as a Senior Practice Manager at Bain. The profit sharing range is 0-12% in the offer letter. Is it typical to receive the midpoint (6%)? Also, what do the annual salary increases typically look like? Any insights are much appreciated. Bain & Company Boston Consulting Group McKinsey & Company

Super curious to understand commission structures for those in tech solution sales. What’s your base comp? What % of GM hits your bottom line? I’m currently at 95k base, realizing 8% at an estimated 40% GM. Unsure if this is a competitive structure.

like

How much Salary IC3 gets in Oracle (SMTS)?

like

RPM 2.0 - how’s compensation/raise ultimately determined, if number ratings are going away?

likeuplifting
like

Building out private investment platform for a growing company. Where can I find example docs of allocation policies, expense policies, etc. in order to create my own? Are there any good resources?

like

Consultant making 75K. Can’t really save much after 401K and $1300 rent. Should I have more left over every month than I do? Almost $0 right jow

like

I need your advice. I got an offer to join Morgan Stanley in Canada and want to know what my salary range is there. I have 10 years of experience in investment banking and will be a 5 member family living there. Can i get 200k per year, please advise. Appreciate your help on this.

like
like

Hi Fishes,

May I know what is the maximum expected salary CTC should be asked in Capgemini for C2 Band position for 10years experience?

like

If anyone wants to discuss about tax saving

Let's have chat

Iwe can save good amt of tax for you
& Ha it is free

like

More Posts

Is BCG Chicago still doing written case for final round?

like

Thoughts on this trade?

I get Derek Carr and Darren Waller
I give Tom Brady and Mike Gesicki

2 QB league, Russell Wilson and Matthew Stafford are my other QBs

2 QB, 3 WR, 2 RB, 1 TE, 1 FLEX

Play ballage or Ahmed instead if edmonds the week!?

Post Photo
like

I’d like to hear your choice on below options:
PIT defense (up against JAC)
or
MIA defense (up against DEN)

Dionte Johnson or Chase Claypool or Robbie Anderson?

like

How are people feeling about Kamara and Mike Williams going forward?

like

Burrow vs Chiefs or Fields vs Packers?

like

SO and I have finally saved $500k. Should we buy a house or a green card (Indian born on H1 in the US, I-140s approved)

like

Shall I disclose reason for leaving a firm during my initial call with a recruiter from said firm, if I was laid off? Are they privy to that information. Ironically being recruited by that same firm

like

Anyone know much about EY's CCaSS assurance service line?

like

I have an estranged relationship with my sister. I haven’t had a relationship with her in 13+ years, and haven’t even seen her in about 5 years. We had a really bad falling out and I never really carried for her as a person. But for some reason I feel an immense guilt for not wanting a relationship, simply because of this convoluted idea of family and sticking together no matter what. Anyone else have this issue? How do I go about making peace with someone I don’t want nothing to do with?

like

EY India is hiring Scrum masters with following criteria points. If anyone is interested, pls DM. Will refer. Thanks

Post Photo
like

Anyone has joining on 10th october?

like

How much notice do you think is appropriate to give? Have been working here for over 4 years and am a mid-level creative. Thank you!

like

Still think we are going much lower here in bitcoin. Last couple of trades were stop outs. That doesn't change the trend or the fact that we are spending more time in lower ranges. My revised target is $8564 as long as this setup holds.

Post Photo
like

What’s going on with VXX? It’s coming down since Friday but volatility in the short term remains, even as the senate is still working on the stimulus package

like

I have 6+ years of experience, wanted to switch to other organisations as I am not feeling comfortable,this is 5 th company

like

Can anyone help me or suggest me with accomodation in whitesfield near to cg office?
under 10k.

like

I feel you..

Post Photo
likefunnyupliftingsmart

Anyone have a part time side gig they do while working remote?

What would you say is an appropriate amount to gift a friend for his/her wedding? This isn't a close friend but someone I've known for a while

like

Additional Posts in Consulting

A first for me, after 1.6 million miles. Thankful for a delay. The delay on the connector saved me a night at ord Hilton after the ludicrous delay on the first leg.t. Truly grateful united

like

Can anyone at Deloitte refer me for a role? Thanks!

like

Does anyone have the AWS Cloud Practitioner certificate and does it hold any value? I’m non-tech looking to get some certificates under my belt to be more marketable in my job search

like

Trying to decide between an offer at Deloitte and a counter-offer at Booz. Deloitte has the name recognition and better benefits but I have a really supportive team at Booz and good work-life balance. Any insight is appreciated! I would be starting at Deloitte as a Consultant in GPS. Currently a Senior Consultant at Booz.

like

McKinsey & Company McKinsey & Company how can I tell if a McK recruiter has blacklisted me? No replies to any emails since end of recruiting period…but have a mentor within the firm who stays connected?

like

Does Deloitte have rights to a software product I create in my personal time while employed with Deloitte? Say an iPhone app or another innovative software product?

like

New to consulting. Do you try to get staffed on projects based on location? Is this a thing?

like

Got rejected at Amazon after on-site interview. How long should I wait before reapplying for a different role/location ?

like

Is there any etiquette for asking someone to be your counselor?

like

I am starting a new role with a new company and will have 6 direct reports. Although I have managed teams before in a consulting project setting, this will be the first time in industry. Any recommendations on how to sharpen my management skills (books, blogs, etc). Particularly looking at how to delegate effectively and practical examples on how to run day to day.

like

Going to Maui for 6 days with my lovely sibling. Both like hiking, beach, culture, food and exploring unique area...Any suggestions?

like

Has there been in layoffs in Public sector? From what I can tell it has been all in commercial advisory...

Relocating to a new city and new to consulting. Is it hard? 26yo, single and thinking about moving to a big city. Worried I won’t have time to make friends/enjoy new city w/ travel. Is it worth it?

like

Is staying for 18 months as an experienced hire long enough? Want to move to a new location out of my region for personal reasons - don’t care about industry vs consulting

like

What are the best ways to spend Amex points?

like

Finally getting a chance to put together a home office space. Looking for tips, photos, ideas. I have two monitors and a laptop so my do a three screen set-up. Debating about getting a standing desk or putting money in a super comfy leather chair. Open to hearing what you have done!

like

HELP! I applied online to BCG and was contacted by a talent assistant to “discuss my application and interview process” seems vague and requested it for tomorrow. What to expect?

like

what're are your thoughts on the psychology behind one staying in jobs one doesn't like? scarcity mindset/Stockholm syndrome, what's going on here

like

Has Deloitte started the lay offs? Link-https://www.reddit.com/r/deloitte/comments/ww02l3/fired/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Post Photo
like

Watching Altered Carbon on Netflix for the second time this week... what a good show. Netflix has done it again. Highly suggest 🤯🤯

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal