[RUGUY22]

I’ve worked in industry for several years now. I started straight out school. I recently decided to give public accounting shot. I accepted an offer from a regional firm and will be starting there soon. My current employer would like for me to continue doing some of the work on a contract basis after I leave the company. They want me to check with my new firm to see how much they would charge for me to do the work. Has anyone ever done anything like this? Does it seem like a reasonable request considering I’m just starting out? Is there anything I should be aware of?

Thanks in advance!

IL Candidate

AUD - 98 (11/11/13)
BEC - 69 (4/19/14); 83 (7/21/14)
FAR - 88 (11/26/14)
REG - 90 (2/26/15)

Ethics - 98 (3/9/15)

Using the CPAexcel review course and Wiley Test Bank.

[acamp]

Is the work you did for your old company inline with the work your public accounting firm does and specifically inline with your job at the new firm?

For example, if you prepare financial statements at your current job and will be preparing financial statements for various clients at your new job, it could work.

If on the other hand you are going into an audit or tax role, such compilation services are unlikely to fit with your schedule.

Further, depending on the size of the regional firm, they may not even be interested in the business. Billing out one staff person randomly here and there is not worth the scheduling conflicts.

If you're interested in making extra cash and depending on the workload (if the old Company only wants 10-20 hours a month for example), you could try to get approval from your new firm for YOU to do contract work at your old company. Be next to impossible during busy season, but might work in the lighter months. This way you would personally bill the old Company directly as a contractor (cha-ching$).

Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

Becker Videos: [AUD - 82]

California CPA

[fuzyfro89]

Are you going to be a “consultant” at your new job in public?

Another option is to go back to your old employer and negotiate to get paid directly the $75/hr+ rate that the public firm will likely bill your time at anyway…

[ScarletKnightCPA]

Actually that request is excellent and they are doing you a huge favor. Bringing in new business is how people get promoted to partner in public accounting firms.

Far: 76 (Wiley Test Bank)
Aud: 77 (Wiley Test Bank)
Reg: 61, 76 (Wiley book, Wiley Test Bank)
Bec: 86 (Wiley Test Bank)

MBA in progress

[Author]

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