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Does JPMorgan entertain counter offers ?
I have an offer of 18.5 lpa including bonus.
At the time of HR discussion, I was under the impression that this will be 18.5 fixed + bonus
I already have 19.5 fixed CTC offer from Emids and Indegene is ready to pay 23 lpa including joining Bonus.
I am keen to join JP morgan but I want to negotiate the offered CTC.
During HR discussion, HR said they'll not entertain any counter offers later on
JPMorgan Chase
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Has anyone left PwC while they still had an outstanding Educational Support Program repayment agreement? What is the repayment process like? Am I required to pay back the amount in full the day I leave the firm or is there the ability to do a repayment agreement? I’m looking at new opportunities and would like to have my new firm take on the amount of the tuition agreement ($14,000) but don’t know how much that might limit my options.
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You would show a reduction in your income so your tax liability will be reduced. Also, don't agree to pay it back unless you're required to do so. Since it sounds like you've already burned bridges with the firm, probably just refuse to pay it back and see if they actually try to sue you. Then you can post a TikTok and let it go viral about how crappy your former firm is suing small time accountants
I would think they’d update your W2 to reflect the clawback. You wont get PY taxes back, but you’ll pay less on taxes this year. Ex: you got a $5k CPA bonus in 2020 and had $1.1k withheld (22% on bonuses, but note this is not the actual tax rate, that would depend on your annual income). Unfortunately the $1.1k who is gone unless your company updates your 2020 W2 and you amend. In 2023, the clawback should reduce your W2 by $5k, meaning you’ll pay less this year. Silver lining, if your marginal rate is higher in 2023 than 2020, you’ll pay slightly less in taxes as a result (albeit you front loaded them and lose time value of money).
What does your employment contract say? A claw back should be outlined in the agreement.