I am curious if any of you take a regular salary or prefer an owner's draw from your personal business? What would you consider the pluses and minuses of each option? How do you handle the tax implications?

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Posting as :
works at
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I’m service-based so I pay myself a percentage of service sales. All retail sales and the remaining percentage of service goes back to business. I started with a fairly arbitrary percentage and am working on revisiting the amount now that I’ve been open a couple years. My goal would eventually be to pay myself a bonus based on year-end numbers as well as switch to S-Corp and pay myself a set salary.

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Smart

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I am leaning towards an owners draw, as needed, and will put aside the additional funds to go towards taxes at the end of the year, maybe into a side savings account.

Either very simple or very complicated. Ask a CPA who understands your goals.

Depending on how you set up llc or s or c corp etc

Really depends on your situation and goals

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Hey Fishes,
Been working at D India as a Manager (Not USI) for past few months.
Ask me anything as there are very few reviews available online.
To clear few misconceptions
1. Global projects are available here
2. They've started mentioning Bonus, Gratuity amount etc in offer letter
3. Work life balance depends on Project and managers you work with
4. Inside opportunities if you're the creamy layer
5. PF amount in offer letter is the total deduction and not just company's contri

Other can add

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Hourly rate for freelance Sr Designer in NYC, any ranges?

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Hii fishes, i am starting to interview at jpm, can anyone guide me on the process and what should be my salary expectations be for Software Engineer python, yoe 1.5+ at mumbai

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Can an SAP consultant ever make as much as the people working in Tech? What's the maximum salary you saw a guy with SAP background getting?

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Does anyone know about the onsite policy of UST ? If an employee goes onsite does UST pay both indian and onsite salary ? Any other benefits that UST might provide like rental home etc ??

UST Global

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Anyone got salary today??

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Any insight into L5 comp within Partnerships?

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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

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Bain & Company Bain & Company Senior Manager / Principal role compensation for consultants based in Riyadh?

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How much @Eli Lilly offers for 2 YOE data engineer?

2. Do they give hike based on cctc or have their own salary range?

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Looking for some insights on compensation range (base and bonus) for 3rd year Manager in Deloitte US, Customer Strategy and Applied Design practice (C&M). Would location influence the pay (for example New York vs So Cal)? Currently in Deloitte at another geographic and weighing joining Deloitte US or going freelance as an Innovation and Strategic Design consultant. Also if there’s anyone that went the Big4 to freelancing route, would appreciate if I can DM for a few questions! Thanks!

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If I was hired in your company, what will be my approx CTC ? 😜

YOE: 6.2 years in Fullstack development with hands-on experience in devops tasks.

Skills: Golang, Python, NodeJS, ReactJS, CICD, Docker, Kubernetes, Helm, AWS, Terraform.

Things to note, Not too good in Data Structure & Algorithms 🙁

This can help others to benchmark as well.

Be honest please.

#salary #benchmarking #fullstack

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How are the yearly increase and bonus in Accenture ??

likehelpful

Do I need to return my joining bonus, if my LWD is post 1 year but while the resignation I haven’t completed one year

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How long does your firm wait to tell you your compensation after a promotion?

Promotions went out Jan 3 and compensation will be revealed late Feb. Is this typical?

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If you’ve left before your clawback period ended, how much time did your company give you to pay your signing/retention bonus back?

likehelpful

What is annual salary increase for SA at Alvarez and Marsal? I applied for director role but offered SA since I have extensive industry experience but no prior consulting. I was offered additional compensation paid out over first year but concerned the annual increase will be less than the first year additional pay. If 15% increase reasonable for SA or only with promotion?

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What is a normal salary for Sr design Ops manager?

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“Fuck it I’m going to PDF this bitch"

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Hello Fishes, Wanted to understand how is Axis bank job roles on analytics space or in general on tech side, work exposure, growth, financials and specific reviews. Please share.

Will I ever get over my poverty mindset?

I grew up very poor. I get extreme anxiety and shame when I spend money above $20. Deep down I feel like I should scrounge and save every penny. I use bath towels that are 10 years old and threadbare cause I can't bring myself to buy a "luxury item" despite making oodles of money and have a ton saved and invested.

Anyone else get over this?

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What credit card to you recommend pairing well with chase sapphire preferred for maximizing redemption? Pretty new to points and def don’t know a lot! I’m considering one of the Marriott cards bc we love Marriott or an Amex one! Any ideas appreciated 🤗 TIA!!

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Also accurate for several decks I've seen .... #WordSalad

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I am working as a technology consultant specialist in PwC ac. As of now I'm working on an internal project of the company but i have received mail from a senior that if someone wants to volunteer for this project "financial service capital market- COI" should i opt or not? Will it be useful?

What's the funniest retail customer story you've ever heard?

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Any opening for marketing? I have 10 years of experience in marketing strategy & implementation. My precious firms include law firms and a public company. Any recommendations/referrals are greatly appreciated.

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Does making a switch from Deloitte USI to EY-Parthenon makes sense?

Deloitte USI
Pros: Good work culture, Varied Type of Projects, Exposure to US markets
Cons: Kind of back end work sometimes

EY-Parthenon:
Pros: India Market, Strong Clients in India (both corporates and start-ups), Front End
Cons: Heard culture isn't great, Not that much variety in projects

EY-P is offering same fixed salary :(

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Trying to avoid paying an accountant, can I actually write off home office space/mileage if I was just permalancing for 3 months last year? Shouldn’t the 7 months of W2 take care of this 1099 shit?

My first lateral associate interview is coming up. Aside from the obvious questions (Why this firm? Why do you want to leave your old firm? And asking about resume experiences), is there anything I should be prepared to answer? Has anyone been stumped by a lateral interview question?

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How hard is it to get into KPMG?

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Please can anyone refer me? I am looking for a new opportunity in the Houston, Dallas area or remote (Program Management, Scrum Master, delivery manager, agile project management, consulting, or operations management ). I have 4 years of experience as an Agile PM/ Scrum Master; BSc in Mechanical Engineering and MBA (Management). Thank you!

Just realized that a slew of roles, including both I applied to, have been removed from the careers page. What gives?

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😂😂 me working from home today

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I’ve never worked at a firm, only public interest and have no idea how to do billable hours.

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Hello Friends, I have 2 questions please help to clarify.

I am joining in CTS on September last week so when i will be considered for appraisal ?

And also for variable compensation I will get in this March right? For this we don't need to wait for a year I guess.

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Eyeing an open spot as a Senior Manager GPS Contracts DOD Sub-Sector Lead. What would be the anticipated compensation (base + bonus%?) for this role? I imagine it’s an internal (non-client facing) role within the larger GPS division. Currently have 14+YOE of specialized DOD contracting experience to include supervisory experience. TIA

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Are there any recommended paid interview prep services that focus on non-technical roles like business operations or GtM strategy & operations? Which ones?

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There is this big bank where I'd love to work at, and after several interviews for various positions they end up promoting someone from within, even thou I understand it and think it’s good they promote their people, it left me feeling like I'm just being used to comply with the process.

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New to startup ecosystem. What are some resources, books, podcasts that help you along the way? Are there any communities you interact with regularly on Reddit/discord/meetup?

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How long would it take an experienced web developer to build a basic website like something you would see in square space/webflow templates assuming Figma designs were already made?

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Just joined a 300 person startup as a mid-level manager. Is it appropriate to send email to C suite to say hi and introduce myself?

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Who is hiring Human Capital and Learning Development roles right now?

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May not be the correct bowl, but: how much do chief of staff positions at Wayfair in Boston pay? I’ve always been curious what this position entails too

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Anybody do Getaround or Turo on the side? If so, what has your experience been?

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Any Shopify store owners here? I’m using an app that increases conversion and rev through cashback (better than promo bc many don’t redeem). Would love to refer others to them.

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How do you recruit for startups? Exhausted from lack of responses from cold networking. What else should I do? I am aiming for roles in early stage startups. Didn’t study or work for long in US so don’t have a strong network.

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Anyone need help with content? I can help create marketing content, eCommerce product shots & user-generated content (UGC) videos to run as ads.

Don’t hesitate to reach out !

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I started a company just under 1 year ago. We sell a product via ecom channels and have done ~100K in revenue with a 60% gross margin.

The first 6 months I was working a full time job. I quit my job to focus on the business full time, and have since depleted my readily available capital. I’m bootstrapping the business with my own funds. I was recently offered a job in my old industry for 80K per year. I was previously making 62K.

Should I take the job?

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Hey 🐠 We’re looking for a technical co-founder for a music/metaverse project (pre launch). Game development / Unity, plus Web3 experience a plus. Our team team has 20+ combined years of music/live-events experience and backgrounds in Product Management, Growth Marketing and Consulting. You would be our first Engineering person. Send me a PM if you’re interested in this space would love to chat!

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Been wanting to start a Consultancy that offers employment help to individuals. Any ideas on the success rate or how to start networking to have actual clients coming to me? What are the pros and cons?

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How common is it to have an investor in your company also be a customer? As a company should you bend backwards to accept a requirement that serves only the investor and no one else in your customer base?

👍👍 Need a technical cofounder to help me get an accounting software platform off the ground.

DM me freaks…pls…😀😂😎

10+ years accounting exp, financial stmt audit, corporate acctg, outsourced acctg, the works 🤦‍♂️

Let’s ‘disrupt’ this staid, boring industry once and for all

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Hi everyone, I’m Matt, the Cofounder and CEO of Fishbowl. I’ll be hosting a Fishbowl Live convo this Thursday at 8 PM EST sharing experiences that I hope are helpful for this community based on the 3 startups I’ve launched.

Ideation… product iteration… fundraising... it’s all fair game. You can join us by tapping on this link at 8 PM EST on Thursday:

likehelpfuluplifting

I need guidance - was able to sell work through relationship. All I have is my LLC and a bank account. No infrastructure, no HR set up, no legal document. Who should I reach out to get help?

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Friends, need some feedback on an idea:

I’m thinking of starting a podcast interviewing leaders at startups about their experience with specific challenges - I know, cliche, get a more original hobby, etc.

Not looking for the narrative arc of How I Built This or Masters of Scale. Instead, looking to uncover specific problems faced by companies that tried something new for the first time. What did they not see coming, how did they adapt and measure, etc.

What are your thoughts on this format?

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Any ideas on how to get current customers to upgrade their app from free version to paid version besides just listing out the features for them.
What could be a good marketing strategy? Thank you for your time.

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anyone know why this error message happens for linkedin business page?

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