Working too much with one of the big four?

A little known secret of the accounting industry occurs every year between January and May. What is it you ask? No it’s not fraudulent practices within the audit departments as many investors have been led to believe. It’s more of a question of over extending staff members and new staff members. You staff members are expected to work between 60 to 70 hours in some cases. They do this without any increase in their compensation. In many cases this brings new staff members and qualified professional accountants to near or at below minimum wage levels.

How would you like your art to perform I person making less than minimum wage or how but your tax return? He feel confident in the ability of a person who is an overworked. This practice should be looked at and evaluated as any other accounting or audit practice would be. Overworking new hires can not be a good scenario for this industry that is already highly scrutinized.

So why is this practice been allowed to continue? Simply because new hires don’t make much of a fuss. They know they are expected to work these long arduous hours at some point in the future they will reap the rewards of being qualified professional accountants with high paid salaries. At that point they will have their new hires work the long hours.

A couple of cases have been tried in the US new hires an unqualified accountants without a CPA title. It has built success for the accountants and the companies have been ordered to pay back wages that would have been old to the accountants from work performed during busy season. For more details on such cases visit http://www.incometaxplanningtips.com/are_accountants_exempt_from_overtime_pay/