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Hello, I have received an offer from Southwest Airlines as a Associate Technology Analyst with their direct college hire program. Will be graduating in May with a degree in MIS and also have internships experience as a Business Systems analyst intern. The salary compensation started off at 66,500 but was looking for the 75k range and they got back to me saying the best they can do is 68,500. They also have a 401k company match up to 9.3%. Do you think this is a solid offer for this job market?
This market got me super down 😞
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Deloitte question. I have always gotten a raise each year, the only question I ask is how much of a raise do I get. But I’m hearing from former Deloitte folks, it is naive to expect annual raises each year however small/big they are? And how does this play in Deloitte consulting vs advisory? Do one tend to withhold annual raises in base salary over the other, or is this just a deloitte culture thing? Looking at exit opportunities all over. So lmk! I’d Rather get a small raise than none at all.
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S-Corp all the way
With a LLC you can do a SEP-IRA and also put away 25% of your salary. LLC is a bit simpler for paperwork I think, but depending on your circumstances there may be reasons to use an S-Corp. my accountant steered me to a LLC.
When I was doing independent work, I made a LLC and used a local accountant to advise me, and then just followed his instructions.
I didn’t need anything like Quickbooks, the accountant would just tell me what to pay to each taxing body at what times (generally once/quarter). He also advised me on how much to pay myself in salary vs. owner distributions, which often can be geared to how much you want to put in tax deferred retirement accounts (e.g. SEP-IRA).
If you have employees, or if your business is more complex than just billing clients by the hour or project, then you may need something like quickbooks to deal with payroll and other operations. In my case it was pretty simple, and all the transactions the accountant needed were primarily in the business checking account.
A local, professional business accountant was worth his/her weight in gold! Saved me so much money.
You should spend some time in your own books for a while before having someone else do it. You'll learn alot and can give your future accountant/controller better guidance on what you want or dont want.