KPMG has some pretty harsh restrictions regarding side jobs and real estate. For example, you cannot sell homemade items, you cannot have a YouTube income, you cannot have more than two properties. Are mid-tier firms the same way? Was trying to find information about this online but can’t find anything.

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Mentioned this above, but you can have more than 2 properties. Just requires approval if you want to rent more than that. Example: if I own my house and rent out two rentals. That’s okay without approval. If I own my house and rent out three, I need approval.

Thank you for letting me know!!

In Australia the rule is that you can't be a director of any company unless you have approval and it's either a non-profit or set up for your personal financial affairs; and they have the usual "you can't work anywhere else clause"

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Cannot have more than 2 properties? Lol wtf

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I wonder how easy it is to get approval.

Here’s the proof you guys lol it says “owning and renting more than two properties”

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likehelpfulfunny

They keep changing this by the way. This is the 5th iteration I’ve seen this year.

The trick is, have enough side income where you don’t care if they find out.

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This isn’t a KPMG thing / not sure about mid tier firms, but def the same at all big 4.

likefunny

Def the same for all big 4. Just wondering how it is for mid-tier.

I am very happy to be free of these restrictions now that I work in industry. The purchase of my house was almost derailed as the B4 I worked for refused to give a letter to the mortgage company I wanted to go with, as sadly I had worked on an affiliate, and was over the hours threshold. I luckily got another mortgage but it was very stressful. I understand the need for regulation but fail to see how an associate getting a mortgage with an affiliated company of a client could remotely affect independence. It’s overkill.

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Two properties? That’s a weird one. Most of my family owns real estate for passive income, and it would’ve never occurred to me that it could be forbidden by a workplace.

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Pwc 1, I’m in the same position and curious about my future inheritance. My rental income Currently comes from k1s (partnerships and trusts) and I have disclosed those to pwc and they never mentioned any issues with the fact that the income is rental income...

So weird I think mid tier definitively does not restrict as much I know partners in mid tier that is active in real estate. It’s because they don’t have as many public audit clients.

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Awesome! Thank you for your input 👍🏻

These are made to overprotect the firm around independence restrictions. Think about your business relationships and who is loaning you the money? At some point independence is violated. Although yes we can argue companies are so large you can’t entirely avoid their products. Think of PwC having Microsoft and stuck using all Google products.

likesmart

True yes I see that point too. Frustrating sometimes to say the least when you’re trying to do what’s best financially.

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EY allows YouTube income, and Google is an audit client. I did have to run it by independence though.

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Travelog. Just search for American Airlines, and if you see “the American Airlines experience” that’s me. But shhh I’m incognito there.

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Never heard the more than 2 properties thing at EY? Is this true?

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Let’s do it 🥳🥳

No social media ad revenue 💀

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You can do all this stuff you just have to get it approved. And as long as you are not competing with the firm you can get approved

funny

Recently saw this gem originally posted 5 years ago. Apparently uncle Pdubs is cool with side startups. https://goingconcern.com/accounting-firms-allowing-side-gigs-good-idea-or-independence-mine-field/

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Not the case at Deloitte. No restrictions on property. I have a house and two rentals and am looking at a third. Certainly not a rule here

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Do you typically need to get permission from your job to start YouTube?

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