Question: when did PA become such a sweatshop with 10-month long busy season and 65+ hours work week? Or has it always been like this?

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To answer OP’s question, it mostly changed in 2018 - for the tax folks at least - when the tax reform effects started taking effect. It burned people out due to massive 5471 reportings, complicated and obscure new items that were introduced, and to top it off, regulations issued in 2019 and 2020 that changed how people were first interpreting the original tax reform items. It’s a clown festival and many people don’t want any part of it so they moved to industry in droves. In industry you can focus on one fact pattern as opposed to learning 10 different ways for 10 different clients in PA. This resulted in a significant vacuum in PA, leading to unbearable workloads for the ones staying. We have entered a vicious circle here.

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Don't disagree! On the audit side, it's been one pronouncement after another to keep up with the marketplace's creative financial vehicles and agreements, re-arranging old pronouncements, new and then extinguished reporting formats (preparations anyone), additional audit matter reports (CAM/KAM), more re-configuring of materiality and other qualitative factors, and then shifting back everything into tax basis to file returns.

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When the partners got extra greedy. Notice how managers and above salaries this year went up be 2-3% but partners keep racking it in. Also, the assumption that everything can be done in India.

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I’m at PwC and went from m1 to m2 and received a 24% raise 🤷‍♂️

Always been like this - I’ve been doing it 20+ years

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SAM1 - if I’m being honest, I agree that the last few years have been harder. Not sure if this is due to the industry or the short term lack of people. It was similar in the 2002-2006 period as well, so it does have ebbs and flows.

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I got 6% on a base that was over 200k ....quite happy

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Also we made smart choices. Can I go into costco and spend 60 or more weekly on a pack of NY strip steaks? Sure I can but while I can afford it easily I cant justify it when a year ago the same steaks were 45 dollars. So we substitute other options. That plus buying stocks like home depot, disney, american airlines etc back in march of 2020 when they were in the toilet...so we threw even more money into investing and came out way on top with LTCGs.

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