[Mr.gman]

Hi all,

After 10 years of working in the private sector as an internal auditor, I made a career change and became a high school business teacher. It’s a very rewarding experience and I’m enjoying every minute of it. However, as it’s well-known, teachers don’t really make enough money to afford a comfortable middleclass lifestyle. Which is why I’ve been considering working part-time as a tax accountant.

I’ve been interested in working in the tax field for quite some time. I have noticed that there are a lot of opportunities in my area working for tax firms that provide tax and planning services to high net worth individuals.

So, here if my question to those of you with experience working in this field. What is it like to work for high net worth individuals? What is the experience of dealing and working for such clients?

[ncjm304]

I do both audit and tax. As far as tax, I don't do that many personal returns. However, I do have one client that had an AGI well above 1.5 million. Your personality will dictate how your experience goes with these types of individuals. That type of person will walk all over you if you let them. You can't be intimidated by how much money they make and you have to treat it like any other client. A lot of people don't like to deal with this client or another one at my office with similar AGI, but it doesn't really bother me anymore.

AUD - 79
BEC - 77
FAR - 83
REG - 83

Licensed FL CPA

AUD- 71,79
BEC- 72,77
FAR- 83
REG- 63,71,83

DONE!

[ncjm304]

It bothered me at first, but you learn how to interact with them.

AUD - 79
BEC - 77
FAR - 83
REG - 83

Licensed FL CPA

AUD- 71,79
BEC- 72,77
FAR- 83
REG- 63,71,83

DONE!

[Crunchtime]

I work for a CPA firm in tax and I am charge of a client that is worth about 90 million, I think it is great, he actually is a nice guy but when you first meet him you have to go through a “proving yourself” stage with them. I just answered there questions and remained confident, they aren't any different then myself, in fact I think I am quite a bit “smarter” than he is. I don't let him push me around and I hold him accountable i.e. he doesn't do what we recommend we tell him ” you didn't do what we recommended so this is the outcome” blah blah. I do enjoy it.

AUD-77
BEC-70,73,68,74 SH##!!!!!, 80
REG-73,76
FAR -74,82

Ethics here I come!!

[Skynet]

Be sure that when working for these high-net-worth individuals that you are included in their Wills.

AUD - 90
BEC - 78
FAR - 84
REG - 87

World Domination Plan

Phase I : Pass CPA Exams - Complete
Phase II : Megan Fox - In Progress
Phase III : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
Phase IV : Form the new Charlie's Angels with Megan Fox, Scarlett Johansson, & Gal Gadot
Phase V : TBD

BEC : 78
REG : 87
FAR : 84
AUD : 90

World Domination Plan

Phase I : Pass CPA Exams - Complete
Phase II : Megan Fox - Initiated
Phase III : Bring back 8-Tracks
Phase IV : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
Phase V : TBA

[10keyLeah]

I'd say to have confidence, be yourself, be honest with them. As someone mentioned, they may or may not want to do what you suggest. Some may be a little more difficult to deal with than others, but this also occurs with lower net worth individuals as well. As someone said, you learn how to interact with different types of people. Listen to what they say, and don't be offended by what people say or suggest.

I personally am still learning the ‘confidence' factor. That comes with experience.

Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

[Author]

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