how does the signing bonus penalty work if you leave within a year? suppose your bonus is 10k, and you got paid ~7k after taxes, when returning the bonus do you have to eat the 3k yourself?

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

Yes, but theoretically you could adjust your taxes to get the 3k. After all, you didn't earn the money. A quick conversation with a charger could tell you how exactly to handle.

like

Yep, not the firms fault you didn't get the whole thing. They paid 10K and that's all they know.

like

CPA

like

You can claim the taxes back from the IRS, if you repay the bonus. Deloitte will give you that information when they ask for the bonus back.

like

Most of the time the bonus repayment is prorated against 24 months. If you are leaving after a year more likely than not you will owe 12 months worth of the bonus. In your case that would be 5K

like

thanks! i'll ask a CPA - i'm leaving <1 year so will need to return the whole bonus

like

Related Posts

Life / Career Advice: I applied to medical school since my MCAT score was set to expire, ended up getting into 1 program. I also have an opp to join a well funded/well established Healthtech Startup (6 figure salary w/ equity + benefits) as a BD professional. I enjoy the business side of things and am unsure if I would end up practicing Medicine (medicine is also a long arduous path). At the same time, having an MD holds a lot of clout/authority in HC. Any thoughts on what I should do?

like

Can someone please tell what will be my inhand salary?

Post Photo
like

On average, what % of your lifetime savings should be directly in the market (MFs and ETFs)? This is excluding 401k, Roth IRA etc

like

What will be in in hand salary at 14.4 CTC? I have education loan as tax saving

like

Are MBB and Boutiques doing this massive hiring blitz with double referral bonus etc like the big 4 are? Or did they not fire all their people last fall?

like

How much Joining bonus @eli lilly offers if joining in <45 days?
It has clause that we need to return amount if leaving before 1 year or 2 year?

Do they provide relocation bonus?

@eli lilly company

like

Any tips on negotiating rent increase? I got a 20% increase and it’s more than I am willing to pay. What are effective ways to negotiate?

like

I've heard from multiple people about how inflated the assets are and high the P/E ratio is, hence not a good time to invest in the market. Long term investors, how do you deal with this argument? P.s. I understand the time in the market>time the market.

like

Best place to get pre-qualified for a mortgage?

I have some collections on my credit report. One from an electric company for $800 (imo they violated terms of contract and sent me to collections in spite of their fuck up), and an apartment for $80~ that charged me a cleaning fee when my apartment was spotless.

Despite these two collections have a 712-720 credit score.

So mortgage lenders care at all about the collections or is it mostly the credit score that matters?

(cont)

like

What would someone 2-3 years of experience be looking for in a role outside of consulting comp wise? Trying to price out a role to be competitive but not break the bank.

like
like

I bought a house in the suburbs of Chicago at the top of the market. I ended up moving out of state in 2017 and short-selling. I am now interviewing for a VP Accounting role with the mortgage company that got shafted by the short sale. If I get the job offer, can they/will they see this on my credit report? Can they pull the offer due to this? Should I tell them before we advance further?

like

Has anyone made a big bet to try to attempt to retire early? It seems like everyone in this bowl focuses on traditional, conservative investing. Going that route I’m gonna be a wage slave all my life

like
like

I want to become an art director with zero design skills. I’m going to have someone else comp everything up for me. The ideas might be solid. Who wants to hire me?

like

Hi fishes, Can anyone provide me info about GyanSys Inc , I'm in discussion with Gyansys about salary.

Current skill- SAP PLM Consultant
CTC is 14LPA (12.3F +1.8VP)
YOE is 6yrs.
CL-9

Is asking 22L as fixed pay okay? if not, what compensation shall I ask HR to consider ?? Thanks in advance for help🙂

like

I have got an offer from cognizant malaysia 13k .
.Here in india my salary is 20L per year in EY. Can anyone please suggest which is better? Cost of living and savings. How much do i need to ask for 8 years exp?

like

Hi fishes,

I have the following 2 offers..

Cognizant- 21L fixed and 1.5L variable
PWC - 22L fixed

This is for a guidewire role.
Which is a better offer? What would be a good option for growth wrt role, salary etc.
Also, PWC claims to offer variable based on their fixed CTC based on the ratings.. is this true ? How much is the avg percentage given?

Thanks in advance!

like

I am getting an offer from TD Canada for quality engineer lead. Just want to know the expected base salary?

like

Hi Fishes,

Can anyone let me know about my inhand salary from this that i can expect?


Is 16lpa good salary for Bangalore as a bachelor?

Thanks

Post Photo
like

More Posts

I have an internal interview tomorrow that’s just been scheduled! I’m freaking out … any tips on questions
Bit of background… I’ve been back from maternity and interviewing for this job that should have been mine before I left! Loads of politics happening but still nervous!!

like

CohnReznick hiring for cyber/tech risk/privacy team. Looking for seniors and managers. Anyone interested?

funnylike

Can anyone refer me to an onsite role in uk,australia,canada or germany. I am a senior java developer with 6 plus years of experience

I have few oracle job id's . Can someone please help me with a referral
Skills : Oracle sql,plsql,apex
YOE:5
SERVING NOTICE PERIOD

like

Does FFO Analytics gets offshore opportunities??

Birthday present from the best wife of all time. Snagged the last Santos in store.

Post Photo
like

My fried work in Infosys.
His manager asked for his interest for H1B visa nomination. What does that mean?
Will he get the opportunity to go outside India.?

Let's keep this for August, 2020

Post Photo
likefunny

Once, when I was little, I was playing Monopoly with my cousin. I was the banker, and I liberally “quantitatively eased” myself whenever he wasn’t looking.

I got unlucky and lost the game but I threw an absolute FIT, accusing my cousin of cheating because I knew how severely I’d cheated myself. How could he have won if HE didn’t cheat?!

Donald Trump’s righteous, desperate conviction is that of a losing cheater. I only hope he gets the time out he so richly deserves.

like

Supply & Demand

Post Photo
like

Any tips for self teaching?

I like my current job, company and public accounting. I know I am being underpaid at $70k as a senior tax associate with 2-3 years of experience as I have talked with my local peers as well as local recruiters. Also, I know outside hires to my company get paid about $5-$10k higher than me, but they don’t get a raise the following year. My question is what is everyone’s experience with company hopping to get a pay bump within public accounting?

like

FAANG is now MAMAA (Meta, Apple, Microsoft, Amazon and Alphabet)…Whoa Mama! As if there weren’t enough acronyms in our lives. Happy Friday All!!!

funnylike

Would be nice if the Government legalized marijuana (including for Feds) during this lockdown. Allegedly it is quite effective at making boring things interesting.

like

Hie.. i shared all documents asked on friday with HR after interview... when should I expect offer letter, any idea? How many days they take.

likehelpful

Hi Guyz
I joined salesforce as technical consultant on 5th september 2022. Will I be eligible for appraisal rolling out in feb 2023 ?

like

What does a senior cyber consultant make at EY or other b4 firms Chicago if that makes a difference

like

What is SUNDRY allowance in Accenture?

like

About to start a new role as an Associate Director for a PR agency. How do I prepare for this job ahead of time? Any tips and tricks welcome.

like

I am looking for a Functional consultant role in blockchain and metaverse. Please let me know if you can refer me to your organisation.thanks

Additional Posts in Consulting

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

What's the best consulting firms for H1B folks who have studied masters in STEM here? Got a cousin graduating this fall and he needs to know H1B/GC policies.

like

When a VP candidate screws up your travel home....

like

Anyone in D.C. with kids-- I'm looking to buy a house and wondered if anyone had thoughts on Peabody/Watkins elementary?

like

Is there any advice for networking into projects when you don’t know many people at the firm yet? I always to help on BD work when I’m on the bench, but it never turns into any billable work. Every time I have talked to a partner/senior manager I was told I don’t have the skill set they’re looking for, but I don’t know how to build up from there. Feeing very lost but I want to improve my approach.

likehelpful

What are all of the single ladies doing?

like

Rolling off a project always reminds me of the tagline from Drive: "There are no clean getaways."

like

Any idea why EY is not on the list of Vault 50 top consulting firms but it is on the prestigious list?

like

Starting in Chicago in July, anyone have an opinion on the value of being in the city the first month? Worth saving the money and commuting at home, or will I miss out on social value

like

I have been tagged for this project that doesn’t start until June 10th. My utilization is going to drop significantly but at the same time the deployment team cannot present me elsewhere. Ugh!

like

Any recommendations for a Roth IRA brokerage? Vanguard seems to have best reviews.

like

PwC MC 2014/2015 MBA hires... What was your bonus (pretax)?

like

Top consulting firms for building mobile apps - IOS or Android?

like

When are mid-year reviews set to happen?

like

Raise your hand if you are violently hungover

like

Tips for finding running routes in new cities? I usually ask for the card at the hotel front desk but many hotels don't seem to have them anymore. Any apps/sites?

like

Best books on leadership and self development?

like

Love the discussions on here especially w the perspective that anonymity gives us the opportunity to voice extreme positions and polarizing disagreements that may not have been said in normal settings

like

Do you tip for room service? Even if they take $5 charge + 20%? If you do, how much?

like

Do you guys have Any good books on business? Not those self help books

like

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