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Rising Star
How do you all deal with the guilt of leaving a comany/ team? I have been working at Microsoft for 1 year now, and seriously considering moving. I find the code base to be very legacy and I mostly work on obscure bugs that I spend so much time on, mostly due to navigating this large code base and not having much docs to refer to. Hence I find the job slightly unsatisfying, and that I could learn more elsewhere. However, I love the wlb, the team and company culture. The guilt stops my applying.
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Anonymous User
Hijabs in consulting- yay or nay?
Bowl Leader
Or, when you’ve been on a project way too long.
Best places for Sunday brunch in Atlanta?
Additional Posts in Tax Bowl
Is boarding horses a Sch C or Sch F activity?
I have never heard this term, interesting
Question was about how well you can BS your way through not knowing something using a made up term.
Coach
And as a side note - I didn’t get this job, but more recently I got a better offer from a bigger a company in a role that seemed to fit me better anyway. But was just thinking about this question the other day, so figured I’d ask it here.
Congrats! As an SM I don’t know the answer either unless she meant deferred rate (how timing differences would reverse) or forecasted rate (for cash flow purposes). Truly baffling.
Just said I don’t know
A GAAP ETR can be boiled down to pre tax plus permanent differences less any credits - you also need to know what countries the company will operate in and how those profits relate to each country in order to apply the right rate at a global level, if the company is a multinational. In computing an ETR the expectation is you would be calculating anticipated taxes as part of that.
If you interviewed with a tax person your answer was maybe just wrong enough. If it was with someone who is a finance role or the company is smaller, they may not have a long term forecast.
Coach
Got it, thanks. It was with a tax person. I probably got the gist of it right (was a little more precise than in my question), but not as detailed as pointing out the country-by-country concept even though I was thinking along those lines anyway.
I sometimes get these easier questions wrong because I over or under think them. Meanwhile, I can perfectly articulate how to compute all the US TCJA provisions, etc. Lol.
Coach
Hmm I’ve never heard this term before. My guess would be it’s the same as forecasted ETR but taking into account anticipated rate changes and adjusting for future items that will have an impact. So basically a future ETR. 🤷🏻♀️ I probably would’ve gotten the two head look as well with that made up answer haha.
Maybe it was their way of asking for a rate for a five year forecast.
Long term AFR rate?
What if the question was trying to determine if you’re the type of person to say ‘i don’t know,’ or make something up?
Coach
Maybe, but I don’t think it was. My guess is it’s a workpaper they maintain and colloquially call it a long range ETR plan. And I did qualify my response by saying I wasn’t really sure what she meant, but I think she’s asking about a forecasted ETR schedule and then how I would compute it. She nodded along and smiled but towards the end she looked confused which made me confused then we were all confused haha. Wasn’t meant to be which I’m cool with.