Accounting is probably one of the top degrees. Every major company has accounting staff, so you can work in an industry of interest. The entire audit field, while tedious, is a path to a high paying career. Tax work is very lucrative and parlays nicely for lawyers. There are many JD/CPA. For anyone in a financial fields, say stock analyst, the accounting background is huge.

I am part of a big group of people that are CFA charterholders and CPA’s. Lots of money to be made in these fields. It is almost guaranteed to be a six figure income by 30.

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Hawaii (fuck) You

Yeah I genuinely don’t know, more a question. I know my school switched accounting majors to the 4.5yr MSA program after I’d graduated.

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4.5 years sounds short, but maybe that includes summer school. I have heard 5-6 year programs. But like you I do not know.

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Hawaii (fuck) You

Yeah it looks like it’s a 5yr program now. I think the value is more in the career services aspect; most of these kids walk into jobs at the big 4 even though the ‘graduate’ portion of the degree is a borderline useless credential.

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I thought they would reduce the income levels from 100k to 50 or 60k based on what Yellon said. Get the money in the hands of people who truly need it and keep the overall price tag (and inflation) (and interest rates) down.

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Ба́бушка гада́ла, да на́двое сказа́ла—то ли до́ждик, то ли снег, то ли бу́дет, то ли нет.

How can they make that determination when they are using 2019 tax returns?

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Sorry the rest of you are poor!

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-- source

Maybe the logistics/math are just too much to figure out, but I think there should be some kind of effort to tie it to employment. A guy making $80k that hasn't missed a day of work throughout this is getting his third stimulus. Another guy that was making $105K, but has been unemployed for 6 months, hasn't received anything.

It is a great career path. If you can stick out the early grind at a major public accounting firm you are set for life. But even better, you get to work closely with a wide range of clients. If you do a good job, one of those clients will hire you.

I am not an accountant. I just did the CPA for fun because I still had some energy for high stakes exams in my late 20’s. I am more of a finance type who unfortunately knows way too much about GAAP.

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Hawaii (fuck) You

I read somewhere that it will be 2020, which sounds farfetched as you can't even file until tomorrow....

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Ба́бушка гада́ла, да на́двое сказа́ла—то ли до́ждик, то ли снег, то ли бу́дет, то ли нет.

My friend who is an accountant told me he heard that the IRS doesn't have enough people coming in to process the returns that aren't electronic and that there's a warehouse full of paper returns from last year that they haven't gotten to.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

What I saw was either or. If you file early they will use 2020. I guess then if it benefits you file 2020 after the check so they use 2019.

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Elections have consequences.

gotten to to audit or send refunds to?

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Ба́бушка гада́ла, да на́двое сказа́ла—то ли до́ждик, то ли снег, то ли бу́дет, то ли нет.

I think he meant they haven't even looked at them.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

so they'd be returns without refunds coming back then...

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Ба́бушка гада́ла, да на́двое сказа́ла—то ли до́ждик, то ли снег, то ли бу́дет, то ли нет.

Well, as always, it's complicated.

She went to a small, private school for a year to become an elementary school teacher, kind of knowing that wasn't what she wanted to do. It's what her Mom does.

Then she transferred to GVSU. Undergrad with major in accounting, almost none of her first year credits transferred (out-of-state church school), so she took summer classes and full schedules plus until the more intense accounting classes started. She has finished her undergrad degree in Accounting and simultaneously started grad-level classes. The program is to obtain a Master's degree in Accounting (MSA?) AND take the CPA exam. I'm not sure if the college has classes directly aimed at passing the CPA exams or even administers them, I haven't asked those questions. She wasn't really interested in being a private accountant and didn't think the CPA was really needed, but has changed her opinion now, after her first internship.

I called it an MBA because I figured most people know what that is, like me. I'm not sure why the degree would be a Masters of Science in Accounting, as compared to a Master's of Business in Accounting, but, whatever.

She got the first non-4.0 grade of her life in one of her last undergrad classes, where she was graded on a huge group project with a group of slackers. Yep, from Kindergarten to fifth year of college straight A's only. I told her I didn't give a crap and neither would potential employers. The company she interned with already offered her a full-time spot after graduation. I think it is for one rate, or more if she passes the exams. Yes, it is six figures, and I think the CPA rate is more than I make. Shoot, she made over $25K as an intern for last Winter semester during tax season.

Her grad degree will make me the least-educated member of my family; three Masters and a Doctor (NOT-So-humble brag, f you very much).((but, this IS a denisdman reply))

The firm she works with has some fascinating clients. She cannot tell us who, of course, but there are several billionaires, one with like 75 LLCs to file returns for each year. And she, apparently, picked up on it really fast, and really fit into the company culture, until Covid.