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For Some Reason, Recruits Get Excited About Free Schwag

Posted on by Caleb Newquist

Because of our short attention span, we aren’t really on top of where you all are in the recruiting process. We know that the firms were on campus this week and that PwC is blackballing tax grads in CO but other than that, we’re clueless. Kindly fill us in.
But actually, what were most interested in is what kind of schwag they’re dumping on you, young impressionable recruits. For example, we’ve heard that E&Y is handing out mints with serious crack-like addictive qualities.
Now if this is the case, what kind of mind altering substances do you suppose are in these said mints and how the hell do we get our hands on some? If you’ve got some, hook us up. And we need some new Nalgenes too, thanks. The rest of the junk you can keep but let discuss who’s tempting you with the best tchotchkes. Send pics if you like. For crissakes, who needs a drink?

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Grad Assistants May Starve After University of Illinois ‘Payroll Glitch’ Results in Back Taxes Owed

The irony being that UI is consistently one of the top accounting programs in the country. The Champaign News-Gazette has the scoop:

The University of Illinois failed to withhold taxes for hundreds of graduate assistants over seven years, resulting in thousands of dollars in back taxes owed to the Internal Revenue Service. The payroll “glitch” also means some graduate assistants will go without pay for the next few months to cover taxes owed on their tuition and service fee waivers. About 280 graduate assistants will be taxed for part of their 2011 tuition waivers starting this month, and 17 who owe more than their next few paychecks will get no pay for three months, officials said.

Seven years. Hopefully some of the grad assistants have some money saved but it sounds like more than a few of them will be having a helluva time with this. The Graduate Employees’ Organization director of communication, Natalie Uhl gets serious:

“For some of them, they have absolutely no way to pay rent next month, no way to buy food,” she said. Some students are planning to drop out of school, Uhl said. “They’ll essentially be paying to work for the school,” she said. “They’ll be receiving no money for the work that they do.”

Jesus. That’s worse than working for minimum wage at an accounting firm! The University, for their whole role in this, is saying “my bad” but rationalizes the lack of paying the GAs by keeping things no nonsense. This is the IRS we’re talking about, after all. They’ve got guns!

“We feel bad about the inconvenience. We understand that the additional withholding may create a hardship, and it’s unfortunate. We’re required by the law to take the withholding,” [UI spokesman Thomas Hardy] said.

UI didn’t withhold taxes for hundreds of grad assistants [CNG]