Landing a job as a Tax Associate at RSM, one of the leading audit, tax, and consulting firms in the world, is no easy feat. With competition fierce and expectations high, you need to enter the RSM interview ready to showcase your technical skills, client focus, and problem-solving abilities.
This article will help you do just that by exploring the top 25 RSM Tax Associate interview questions you’re likely to encounter. You’ll discover examples of strong responses so you can craft your own winning answers. Let’s dive in and get you interview-ready!
Understanding the Role
Before we look at specific questions, it’s important to understand exactly what an RSM Tax Associate does day-to-day.
In this client-facing role, you’ll be responsible for:
- Preparing federal, state, and local tax returns for individuals and businesses
- Conducting tax research to stay updated on changing laws and regulations
- Advising clients on tax strategies to minimize their liability
- Assisting with tax audits and defending clients before the IRS
- Utilizing technology tools to analyze financial data and maximize efficiency
- Collaborating with other departments to deliver excellent client service
The role requires strong technical knowledge, communication skills, and the ability to manage multiple priorities. RSM prides itself on its innovative solutions, so creativity is valued too.
Now let’s explore some of the most common questions asked in an RSM Tax Associate interview so you can showcase these abilities.
Technical Questions
1. Can you describe your experience with tax compliance and advisory services?
This question aims to gauge your technical abilities and client focus. RSM wants to know you understand the core aspects of the role and have proven skills.
Example response:
I have extensive experience with tax compliance, including preparing returns, maintaining records, and liaising with tax authorities. I’m also well-versed in advisory services, where I’ve helped clients minimize liabilities through strategic planning. My background covers a diverse range of industries, allowing me to adapt my approach based on the client’s specific needs and regulations affecting their sector.
2. How familiar are you with tax preparation software like UltraTax or GoSystem?
Mastering RSM’s tax software is crucial for the job, so interviewers want to know you can hit the ground running.
Example response:
I’m very familiar with UltraTax, GoSystem, and other tax prep applications from previous roles. I have used UltraTax for complex returns, leveraging diagnostics to ensure accuracy. With GoSystem, I’ve imported data efficiently to reduce errors. Overall, these tools have enhanced my productivity and precision considerably.
3. Describe a situation where you researched complex tax regulations.
This question tests your research skills and how you apply complex tax rules
Example response:
I recently dealt with a client who had income in multiple countries, raising issues of international tax law. I thoroughly researched relevant treaties, IRS regulations, and OECD guidelines. Though challenging, this experience honed my ability to analyze intricate tax matters and provide compliant, strategic advice.
4. How do you stay current on changing tax policies?
RSM needs associates who are committed to continuous learning as regulations rapidly evolve.
Example response
I leverage resources like AICPA and IRS sites for updates on new tax policies. I also network regularly to exchange insights with peers, take relevant courses, and subscribe to reputable newsletters. Staying informed is crucial, so I make learning a daily priority.
Scenario-Based Questions
5. Suppose you identified an opportunity to minimize a client’s tax liability. How would you present this?
This reveals your strategic thinking and client communication abilities.
Example response:
First, I would thoroughly analyze their financial data to ensure my recommendation is sound. I would outline the strategy in simple terms and explain the tax implications. I’d provide supporting evidence and invite the client’s input to ensure we are aligned. Clear communication is key to building trust and helping them make informed decisions.
6. How would you handle a disagreement with a supervisor about tax strategies for a client?
Here RSM wants to see your teamwork, communication skills, and client focus.
Example response:
First, I would seek to understand my supervisor’s perspective through open discussion. If we still disagreed, I would present my view respectfully, outlining my reasoning and the benefit to the client. Maintaining a professional dialog to reach the optimal solution for our client would be my priority.
7. Share an example of when you successfully managed numerous client files under tight deadlines.
This demonstrates your ability to multitask and work under pressure.
Example response:
During my last tax season, I efficiently managed files for several clients with the same deadline by prioritizing based on complexity. Regular client communication and project management tools were key. Despite the workload, I delivered all files accurately and on time, underscoring my ability to multitask under pressure.
8. Describe how you’ve used data analytics to inform tax-related decision making.
RSM wants innovative thinkers who embrace analytics.
Example response:
I’ve utilized data analytics to identify patterns and trends around tax liabilities, which led to more accurate forecasting and planning. Assessing large datasets provided clearer financial insights that I used to advise management on compliant, strategic decisions.
Behavioral Questions
9. How would you handle a dissatisfied client?
Client service is paramount at RSM. This reveals how you resolve issues and strengthen relationships.
Example response:
First, I would listen closely to understand the root cause of their dissatisfaction. I would apologize sincerely, assure the client we are committed to making things right, and propose potential solutions. Following up after resolution would also be important for confirming satisfaction.
10. Tell me about a time you delivered complex information clearly to a non-finance person.
Explaining technical details in simple terms is key. This shows your communication abilities.
Example response:
I once had to explain an unexpected tax situation to a small business owner using layman’s terms. I used analogies to simplify complex concepts until they fully comprehended the issues. This experience demonstrated the importance of clear communication when handling multifaceted tax matters.
11. How have you contributed to an inclusive environment in past roles?
RSM emphasizes diversity and inclusion, so they want to hear concrete examples.
Example response:
In a former role, I spearheaded a ‘Culture Day’ where colleagues could share about their backgrounds. This drove greater understanding and respect. I also ensured new hires felt welcomed through mentorship. These inclusive practices helped build a more cohesive team.
12. Tell me about a time you proactively expanded your tax knowledge.
RSM values passion for continuous learning.
Example response:
I recently took an online course on international tax law to deepen my understanding of cross-border strategies. I also attend webinars and read industry publications daily to stay updated on new developments. These self-driven efforts allow me to handle complex, evolving client needs.
Questions for You to Ask
The interview is also a chance for you to assess if RSM is a good fit. Prepare 2-3 thoughtful questions such as:
- How does RSM support professional development and career growth?
- What qualities make someone successful here?
- What opportunities are there for collaboration between tax and other departments?
- How does RSM give back to the community?
Key Takeaways
- Highlight your technical expertise, client focus, and problem-solving skills.
- Provide concise examples to back up your claims.
- Ask thoughtful questions to show interest in RSM’s culture and values.
- Review your resume and RSM’s site to prepare.
- Exude professionalism and enthusiasm throughout the interview.
Using these tips and examples, you’ll be ready to impress your RSM interviewers. Best of luck! You’ve got this.
RSM Interview Questions
What should I expect when interviewing for a job at RSM?
If you’re interviewing for a job at RSM, you can expect to be asked about your experience working with middle market companies, your audit or tax experience, and your consulting experience. You’ll also be asked about your ability to work in a team environment and your experience with RSM’s audit methodology.
How does the RSM hiring process work?
The RSM hiring process typically begins with an online application, followed by aptitude and emotional intelligence assessments. Candidates may then be invited to a video interview or assessment center, where they participate in group exercises, case studies, and one-on-one interviews with managers and partners.
Is RSM A good place to work?
RSM is a great place to work, with a focus on professional development and work/life balance. If you’re interviewing for a job at RSM, you can expect to be asked about your experience working with middle market companies, your audit or tax experience, and your consulting experience.
What is an example of a private meeting with an RSM?
Example: “In my last role as an RSM, I disagreed with one of my managers about our marketing strategy. Instead of just voicing my disagreement, I asked for a private meeting with her so we could discuss my concerns.
