The American Psychologist Association revealed that 71 percent of Americans say money is the cause of the most stress in their life. That’s no surprise since over two-thirds of Americans live paycheck to paycheck. For many Americans, tax season is a time to celebrate — it feels like a windfall, and vacations are even planned around this “bonus money.” Of course, any refunds aren’t a bonus at all, but rather, Uncle Sam simply returning the interest-free loan taxpayers lent him for the past year. The goal of tax season is to break even. You’re doing tax season right if you don’t owe. However, many Americans find themselves owing taxes year after year, unable to get that balance right. For this slice of the demographics, tax season is a time to dread and the peak of financial stress. If you fall into the latter camp, here are a few ways to ease stress in April:
Oh Hey CPA Candidates! I am back with another CPA related video but this time we will be discussing the review courses. If you have started to look into the CPA Exam process you may have learned that a reputable CPA Review course is critical to your success. There are many to choose from but in today's video I am going to be focusing on three of the more popular brands. The three that I am featuring in this video are Surgent CPA Review, Becker Professional Education, and UWorld Roger CPA Review. In the video I highlight a few features from each of the three, cover pricing and payment options, as well as a few pros and cons.
I am back now and ready to catch up. First things first- I quit my full time job in accounting. I actually did it! I had been in my role as an investment accountant working for a large insurance company for two years. There is a recap of what my first year in corporate was like posted in another blog. While it was a fantastic job, I had to let it go. In today's video I will be sharing how I knew it was time to quit my job and what I did to prepare for my departure.
Are the late night editing sessions finally starting to pay off? If your YouTube channel is now monetized, first of all congratulations! Once you begin making money from your social media content there are a few accounting moves you need to make. In today’s video I will be discussing the YouTube monetization process and going over a few next steps.
Ahhhhh more failure. I know that the AICPA has recently released scores and many people’s results were unfavorable. So if you have found yourself questioning whether or not it makes sense for you to continue on this journey-this video is for you. As many of you know, I’ve found myself on the failing side of the CPA exam process more than a few times. I too, have questioned whether or not the process would be worth it in the end. Now that I am on the other side of things I can honestly say that it has been worth it. This isn’t necessarily true for everyone though.
Oh hey international accounting students! Are you looking for an accounting certification that will give you an edge above the competition? Surely you know all about the CPA exam but maybe that isn’t the route you want to take. Well, today I am talking all about the steps to becoming an ACCA member.
The beautiful thing about the accounting field are the endless career possibilities. Often times when students think of successful accounting careers, they think of Firm Partners, CFOs, and Controllers. While these are absolutely great examples of success, entrepreneurship is also an option. Entrepreneurship is certainly not for everyone but for those individuals who are a good fit, accounting entrepreneurship is a wonderful option. In today's video I am discussing entrepreneurship. We will look at what accounting entrepreneurship is, whether it is a good fit, and how to get started.
The time has come, the IRS said. It's officially busy season and this season is expected to be full of excitement given the interesting year we had in 2020. Busy season is a time, in public accounting specifically, when both auditors and tax accountants work extremely long hours (yes longer than the long hours worked outside of busy season). It can be normal to feel burned out, depressed, anxious, frustrated, and other waves of emotion during busy season. It does not have to be the worst time ever, though. This is why I am sharing my tips for surviving busy season.
Thanksgiving is next week. How is that even possible? This year has flown by and has been crazy to say the least. Thankfully the holiday season is upon us. I’m here to remind you not to let up on your studying, though. If you have an exam coming up, studying during the holidays can be hard-but it is so important.
Oh hey accounting students! We are nearing the end of the semester and this is around the time when students have that "come to Jesus" moment. If you have started to realize that you are failing or seriously underperforming in accounting, there may be time to turn it around. I have not failed an accounting course before but I did come very close and ended with a "C". The Accounting department never let me forget that "C" either, but I digress.
Oh Hey- it's been a while. There are countless careers one can have in accounting and today we will be discussing advisory. Careers in advisory are exciting, quite lucrative, and they offer variety. In today's video I will go over what an advisory accountant does, discussing the varying focus areas from compliance to process improvement. [...]
In today’s video I am sharing three of the best accounting channels on YouTube that help with learning. While there are countless other YouTube channels that speak to the accounting experience (like The Accounting Struggle) sometimes you just need to know how to convert from cash to accrual accounting. These channels will help you with that.
Yaaaaay! You’ve successfully completed all four parts of the CPA Exam. Now what happens-is the certificate in the mail on its way? Now come on, you know that would be way too easy. In order to get licensed there are a few more boxes to check. In today’s video I’ll be going over the steps you need to take in order to obtain your CPA license.
Oh hey! Ever wondered what an accountant does all day? Well spend the day with me from sun up to sun down as I tackle a very busy work day. In today’s video I am taking you with me on the first day on month end close, which is always a busy day. Next, I am giving you an inside look at how I tackle my other day to day tasks as an accountant.
The time has come for career fairs, conferences, mock interviews, and all things job hunting. If you are looking to secure a role in public accounting, you will undoubtedly be asked if you prefer to work in audit or tax. Knowing your preference is going to be very important in this process. Often students will answer "either one is fine", believing this increases their shot at securing a position. This actually does the opposite. When recruiters do not know where to place you, your resume goes into the "nope" folder. The same can be said for office location but we can save general tips for another video. For now, let's focus on deciding between a role in audit or tax.
I have seen quite a bit of comparisons between the Enrolled Agent (EA) credential and the Certified Public Accountant (CPA) credential lately. I decided to do a breakdown of some of the main differences between the two to help you decide which is the credential for you. Today's video will define and describe what an EA and CPA does, give an overview of the process to getting the credentials, and compare the overall careers.
Oh hey! It has been over a year since I made the change from public accounting to corporate and I thought I would update you all on what my experience has been like. I currently work for a large public corporation as an investment accountant. Like many of you, I had some pre-conceived ideas about [...]
Oh Hey fellow accountants! We are more than half way through this year and whew, what a year! If you have not already, you should be doing your self-evaluations at work soon. It can feel somewhat unnatural writing unbiased reviews about yourself or even being critical of yourself. This is why in today's video I [...]
Oh hey accountants! If you are looking to spruce up your accounting resume this video is for you. Whether or not you are looking for a new accounting job isn't the point. You should be keeping your resume updated throughout the year. You want to be sure that you are ready whenever the perfect accounting [...]
Oh hey CPA candidates! When I was on my CPA journey I remember getting confused between all the different accounting organizations that were touch points. I wanted to make this video to spell out the distinctions between each CPA related accounting organization. There is AICPA, NASBA, and your State Board of Accountancy. Each of these [...]
Soooooo it's time to have a heart to heart. In the aftermath of the murder of George Floyd, Ahmaud Arbery, Breonna Taylor, and the countless others- more people have began having difficult discussions about race. While race is generally a topic that is avoided in the workplace, companies have recently been putting out statements offering to stand in solidarity with and support a more inclusive workplace particularly for the Black community.
Oh hey college students! For those of you entering college this Fall and thinking about what to major in-allow me to make a suggestion. Choosing accounting as your major affords many benefits. Today I am discussing five reasons to major in accounting. In the video I mention two podcasts -Earn Your Leisure and Trappin Anonymous- [...]
Heading off to college is scary for many students but the added layer of being dead broke makes it a lot more interesting. Fortunately for me, going through college broke did not require much adjusting. I come from a large family and grew up very poor so going through college broke sort of felt normal. I employed a few different strategies during my college days that helped me survive (legal things of course).
In today's video I am sharing some tips on how you can create an at home study routine even in a full house. Whether its siblings, your children, or even roommates- you can still find ways to have a productive study session. I completely get how hard it can be to get back into your rhythm once there is a shift, but you kind of have to do it anyway.
The career options in accounting are rather broad. Although when most people hear that I am a CPA, they instantly ask if I can do their taxes or help their kid with math (not all accountants love math btw). There is much more that a career in accounting has to offer. As many of you already know, I got my start in accounting working at a CPA firm as a tax associate. I have spoken candidly about what my time there was like, but if you are curious you can check out my previous blog on this topic. I started in my current role in June 2019, and I want to share with you what my career in corporate accounting has been like so far.
I think most people would agree that accountants are highly skilled individuals. Accountants are known for being experts at analyzing, critical thinking, and problem solving. There are a plethora of skills you will need to develop to have a successful career in accounting. In today’s post I am sharing five basic skills that you need to be successful as an accountant. This is most certainly not an exhaustive list, but I believe these skills to be essential. These skills are easily transferable to other roles and can be developed and strengthened over time.
I spent the first few years of my accounting journey working in public accounting in the area of taxation. I worked countless hours, met amazing people, and developed transferable skills during my years in tax and I would not trade the experience for anything. Although it was a career that was full of promise, I ultimately decided to leave public accounting in the Spring of 2019.
I could not imagine being in my final semester of college, planning for gradation, and then boom- COVID-19 comes and ruins all my plans. Many college seniors have been hit with this unfortunate reality and now have to attempt completing their degree online. Accounting is not the easiest of subjects, so navigating the coursework outside of the classroom can be a real challenge. You can, however, be successful in completing your accounting degree at home. This is why today's video is all about steps you can take to finish your accounting degree online while still performing at a high level.
Oh Hey Busy Season! This is the time of year when most accountants are working crazy hours, sleeping less, and struggling to maintain momentum. While I am no longer in public accounting and don't have a traditional "busy season" per se, I do still have a pretty heavy work load. In today's video I am [...]
There has been a lot of discussion surrounding robotics, artificial intelligence, and machine learning as it relates to the accounting industry. The question is often, "are machines replacing accountants?", or "are robots taking over accounting jobs?". Today I am discussing why you should view these technological advances as opportunities rather than threats.
https://youtu.be/X1A_VkpOxN8 Oh hey fellow accountants! If you are not yet certified or maybe considering adding an accounting certification, this video is for you. I am a CPA, certified public accountant, but there are many other accounting certifications that you can choose from. Choosing an accounting certification that makes sense will depend on a number of [...]
https://youtu.be/jHAwnoACKxQ Could we be spending too much time working? Judging by how active we all are on social media, my guess would be no. We can all agree, however, that finding the perfect balance between work and life is important. In today’s post I am breaking down whether or not work-life balance is attainable in [...]
The amount of time that I spent preparing to fail the CPA exam is truly astonishing. Early on in my CPA journey I gave myself months to prepare for each section so that I could "take my time" with the material and be sure to pass. Rather than use this additional study time to actually study, I did things like create new Pinterest boards and search Beyonce hashtags on Instagram. I found myself going from a relaxed, "I have three months" to a panicked "I have three days."
At last, tax season is upon us and for those receiving refunds, now is the time to live in the lap of luxury, right? Wrong, 2020 is all about making boss moves and stepping into our greatness. While nothing says greatness like a new designer handbag we can't truly afford, I have another idea for how to spend that refund. Today I am going over ten grown up ways to spend your tax refund.
So if you have been putting off the CPA exam because you work full-time and believe you can't do both-I am your reminder that you can. If anyone knows the anguish of coming home after a long day of debits and credits and listening to a lecture on bonds, it would be. Studying for the CPA exam while working full time can be kind of trash- I am not going to lie. That is why today’s video is all about making the process less painful.
Oh hey! In today’s post I’m walking you through how to find direct labor spending and efficiency variances. This approach is what worked for me and I think it’s fairly easy to follow. Please let me know if you find it helpful. https://youtu.be/lZZDorG6tLc
I get it, I get it. It’s homecoming season, football season, cuffing season, and so on. The holidays are just around the corner and you can already imagine the scent of sweet potato pie baking in your family’s kitchen (yes, sweet potato because we only use pumpkins as props where I’m from). If your mind has started to drift and you feel the semester starting to fall apart, allow me to redirect your attention.
It's that season! Many of you are starting new internships this summer and you want to make a great impression. There are so many things to consider when doing an internship and it can be overwhelming if this is your first professional job. I would suggest you read my old post, Internship Do's and Don'ts before starting. Now let's be clear, being a good intern is cool but it's not enough. You want to set yourself a part and show that you are worthy of that full time offer. Here are my top three ways to stand out as an intern.
The time has finally come for you to walk (or strut) across that stage and turn your tassel. You've worked tirelessly for this moment and it's finally here. Now that you've earned your degree in accounting, you probably have a cute little idea about how your future will play out. Here are a couple of things to consider.