By Calluna - 08/03/2016 15:26 - United States - Somerville
Calluna tells us more.
OP here. To clarify, I'm the secretary and the official number was over 7 times my salary. The client's case was indeed unique and not a regular event, but it didn't make me feel any better...especially considering that I can't afford my own apartment here in good old New Jersey.
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How? My family is pretty low income but we don't get that damn much.
His tax return was high because his salary is high I think
I thought that if your income was high (especially above $75000) you usually have to pay. And that people who get a tax refund are those with kids or don't have a high income? I'm not sure though...
Different type of tax refunds. In this case, the client makes loads of money and payed more taxes than he should have had.
I'm from Jersey too.
Thanks for letting us know.
Ewwwwww
It's a shame no one cares
Congratulations.
Care to explain how is that relevant?
This client could be making $18,000 and claimed 8 kids. If you make a lot of money you typically owe - unless you donate a lot to charity.
The **** does that happen?
It happens by making a lot of money. Duh?
What??
Married. Dozen kids. High paying job. That's what happened OP.
Must be taxing on you...
This is exactly why I prefer not knowing what kind of money other people make, and am glad I work in a progression where it's not necessary to know or care.
time to charge him more for working his return!
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This is not going to be popular, but this is one accountant talking to another about professionalism. You will never be happy in accounting if you keep comparing your clients' income to your own income. I've worked for many high-wealth clients who make exponentially more than I ever have made or ever will make. I just simply don't know enough about them to make a judgment about whether this disparity is "fair." In my experience, it is the client's character that matters most. I'm perfectly happy to work for or with those people as long as they're nice. If they're total jerks, then I'll hand the work over to someone else or withdraw from the client. And if you think you deserve more than you're currently earning, then plan a way to ensure that you can earn more -- take classes, get certifications, get an MBA, etc. Take the frustration you're currently feeling and channel it toward improving your own lot in life.
Yet another example of the ever-widening gap between the "haves" and the "have-nots".