RSM Mock Interview
Practice 30 RSM interview questions covering audit, tax, consulting, and client service excellence.
Question 20 of 30
What common deductions would you recommend for small businesses?
What You Need to Know
General
Experienced
Community Answers
Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
This is an opportunity to talk the talk and walk the walk with your interviewer. Showcase your comfort level and experience by sharing the ways you identify overlooked deductions for small businesses. Share how you make them feel understood while minimizing their tax burden and how you earn the trust and repeat business of those clients.
Ryan Brunner has over ten years of experience recruiting, interviewing, and hiring candidates in the healthcare, public service, and private manufacturing/distribution industries.
"In my experience working with small businesses, the most commonly overlooked deductions they could take advantage of are vehicle and fleet expenses. While many businesses know this is possible, many fail at maintaining proper documentation of vehicle costs and usage as part of the job. I take it upon myself to walk clients through the proper documentation for future use, and they have all appreciated this insight."
Kimberly is a freelance writer and editor with a decade of experience in the education field, including her time as a pre-kindergarten teacher.
"I see a lot of business owners overlook items that I would consider maintenance or facility costs that they can deduct at the end of each year. Repairs on equipment and property are deductible, and business owners often fail to keep proof of payment for such repairs. On top of repairs, most utilities like electricity are also deductible for a business. For small business owners, a huge part of my responsibility is educating them on these deductions. For your clients here at RSM International, my education would help build trust and a long-lasting working relationship."
Write Your Answer
0 - Character Count
Unlock All 30 RSM Questions
Prepare for RSM's behavioral and technical questions with expert interviewer insights.
Get StartedJump to Question