I was offered a position at another firm with a 20k raise. I would be working with their 1040 team on high net worth individuals. They have a busy season for their extensions from Aug - October. I currently work at a small firm where we work on small to medium sized businesses. We do write up work and book keeping throughout the year and come tax season strictly focus on individual tax, and the various different entities we work with. At the small firm we network and bring in our own clients

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Advice is this, make a pros and cons list. Cheesey because it is what your 3rd grade teacher would tell you, but it’s true.

Pros of current job: relaxed environment, end of summer isn’t my busy time, Keg in office….

Con of current job: pay not as high as other position, other position will most likely top out higher…

Personal opinion: if you like who you work with, the job you currently do, and are okay with making 60k a year. Stick with it. If you want 20k more a year to work in potentially higher stress environment, with people who might not like, and work more summer hours. Then go to other firm and get that extra 20k and the potential increased comp that will come in the future.

likehelpful

I am definitely going to ask if that's a possibility D1. Thank you so much for your advice. Definitely helped and brought some much need perspective.

Will the current firm match?

likefunny

Yes bigger firm means more resources and room for growth

I advise you to leave. The mid sized firm will broaden you view and provide the opportunity for you to go deeper in tax. I moved from small firm to big 4, I really saw a lot of things that I would never see in small firm.

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That’s what I’m hoping for. I know we don’t see the complexities of larger firms and you can’t grow If you’re stagnant. Thank you for the advice. I think I’ll be taking the position.

Is the new position at large firm? I’m looking to work on high-net-worth individual returns.

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It's for a mid-sized firm in NJ

I brought in two clients last year. A small non profit and a schedule C construction company. I’m not sure if I should leave or start to build my book with the current firm? Any advice would be appreciated. TIA

Based off the description of the small firm, I think you should go.

I don’t think small firms are bad per se, but you have to find the diamond in the rough.

Small firms are good if they provide great work/life balance and that is what you care about most or if it is a well established firm with older partners looking for a succession plan.

Otherwise, in our industry where you work and what you do is important. Real or not perception matters.

You are being offered over a 30% raise at a larger firm. You will get more money and will likely get more experiences.

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