Master 30 Accounting interview questions covering reconciliations, financial reporting, and audit scenarios.
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Bobbi Witt is an HR Manager and Senior Level Finance and Accounting Consultant. Her experience includes 9 years at a Fortune 500 company where she held a wide range of financial and management accountabilities.
"I don't have any corporate experience as of yet but when I was in high school and college, I helped my father with his taxes. As a truck driver paid by the mile, you have to calculate mileage for each trip, factor in construction detours, and map the exact route he takes to ensure that his pay is accurate and his taxes are accurately paid. This is a lot more complicated than your average 1040 EZ as not only do you have to itemize, but you have to provide documentation to the IRS before they'll approve the refund. That's when I realized how good I am at following the breadcrumbs of taxes."

Bobbi Witt is an HR Manager and Senior Level Finance and Accounting Consultant. Her experience includes 9 years at a Fortune 500 company where she held a wide range of financial and management accountabilities.
"As the Senior Tax Manager at my last company, I was responsible for the final sign off of the yearly taxes for the entire company. I had to ensure all necessary documentation was included and that the funds to pay the taxes had been correctly allocated by the Accounting department. Under my tenure as the Tax Manager, we never received inquiries for an IRS audit and consistently passed the internal and external audits we performed. A challenging situation would be when I took over as Senior Tax Manager, as my predecessor had no formal tax experience. They weren't allocating their charitable contributions and the firm they were using to handle the taxes weren't asking the necessary questions to get the company any real tax breaks. I was able to utilize the disabled employee benefits that grant tax breaks for hiring disabled employees, as well as accumulate tax breaks for hiring reformed criminals as the company was a second chance company. I decreased the tax liability for that company from paying nearly a hundred thousand dollars to paying ten thousand dollars and some change."

Bobbi Witt is an HR Manager and Senior Level Finance and Accounting Consultant. Her experience includes 9 years at a Fortune 500 company where she held a wide range of financial and management accountabilities.
This question can be posed to anyone of any experience level. This is assuming at some point you have had a job and had to do your own taxes. Discussing personal taxes can be tricky because you don't want to show that you're avoiding tax because of your knowledge, but you want to demonstrate your knowledge.
If you have corporate tax experience, rely on that to explain your knowledge.

Bobbi Witt is an HR Manager and Senior Level Finance and Accounting Consultant. Her experience includes 9 years at a Fortune 500 company where she held a wide range of financial and management accountabilities.
"When I worked for my previous employer as a Tax Analyst, I was required to review client invoice data to ensure we were paying the proper taxes on that client company for the state in which they were located. One company I worked with had several offices in several different state so each office was taxed for the state in which is was located. This took some time to figure out, and I had to call a few local tax offices in those states to ensure I got the most recent tax rate because as we all know, the internet doesn't always indicate when the tax rate has changed."

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I currently work with a US corp that trades in the UK and EU. The US Corp sells goods into the UK, EU, and the US but only buys goods from the UK, so it is almost always in a VAT repayment position.
Owing to this, we have had several VAT audits from the HMRC and have had to explain the trading circumstances over and over to different Tax Officers. Each time enduring deep investigations into trading and VAT computations.
During my time with a global recruitment firm, I was also involved in addressing a long-term Tax audit that involved corporation, withholding, and sales tax in Tanzania. It was a very lengthy process and we had to do everything properly to avoid a huge tax penalty.

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The examples you have provided both sounds like challenging situations that required extensive knowledge of the tax system. Good job! Be sure you are following the STAR (situation, task, action, result) method to structure your response, and including an outcome for each example. This will ensure the interviewer has the full story and is not left with any questions. If you'd like to read more about the STAR format, you can find a guide here: https://www.mockquestions.com/articles/Master Behavioral-Based Interviews Using The Star Method/
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Written by Bobbi Witt
30 Questions & Answers • Accounting

By Bobbi

By Bobbi