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Hernandez & Co. Consulting Senior Tax Analyst Interview Questions and Answers

Updated 7 Nov 2021

Hernandez & Co. Consulting Senior Tax Analyst Interview Experiences

1 interview found

Interview Questionnaire 

2 Questions

  • Q1. About experience in previous firm, detail about forms
  • Q2. Eg, what is form 568, guaranteed payment
  • Ans. 

    Form 568 is a tax form used by LLCs in California to report income, deductions, and credits.

    • Form 568 is specific to LLCs in California

    • It is used to report income, deductions, and credits

    • Guaranteed payments are payments made to LLC members for services rendered

    • These payments are reported on Form 568

    • Form 568 is due on the 15th day of the 4th month after the close of the taxable year

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be ready with your basics

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Aug 2024. There were 3 interview rounds.

Round 1 - HR 

(2 Questions)

  • Q1. Basic question about my work profile and jd description.
  • Q2. Expected salary and interview scheduled
Round 2 - One-on-one 

(4 Questions)

  • Q1. Difference between sumif and coutif
  • Ans. 

    SUMIF is used to sum values based on a single criteria, while COUNTIF is used to count values based on a single criteria.

    • SUMIF is used to sum values in a range that meet a certain criteria.

    • COUNTIF is used to count the number of cells in a range that meet a certain criteria.

    • Example: =SUMIF(A1:A10, ">10") will sum all values in the range A1:A10 that are greater than 10.

    • Example: =COUNTIF(B1:B10, "=Red") will count the num...

  • Answered by AI
  • Q2. Difference between forecast and budget
  • Ans. 

    Forecast is a prediction of future financial outcomes, while budget is a plan for managing financial resources.

    • Forecast is an estimate of future financial performance based on current trends and data.

    • Budget is a detailed financial plan for a specific period, outlining expected revenues and expenses.

    • Forecasting helps in setting realistic financial goals, while budgeting helps in allocating resources efficiently.

    • Forecast...

  • Answered by AI
  • Q3. Variance analysis reason and trend analysis
  • Q4. How will you do forecasting based on previous years data
  • Ans. 

    I will use statistical methods and trend analysis to forecast future financial performance based on previous years data.

    • Utilize historical financial data to identify trends and patterns

    • Apply statistical techniques such as regression analysis and time series analysis

    • Consider external factors that may impact future performance, such as market conditions or industry trends

    • Use forecasting models like moving averages or exp

  • Answered by AI
Round 3 - One-on-one 

(2 Questions)

  • Q1. 5 types of employees cost
  • Ans. 

    Types of employees cost include salary, benefits, training, turnover, and productivity losses.

    • Salary: the amount paid to employees for their work

    • Benefits: additional perks provided to employees such as healthcare, retirement plans, and paid time off

    • Training: costs associated with training new employees or providing ongoing professional development

    • Turnover: expenses related to hiring and onboarding new employees due to ...

  • Answered by AI
  • Q2. How to save cost for the company if given limited money
  • Ans. 

    To save costs with limited money, focus on reducing unnecessary expenses, negotiating with vendors, optimizing processes, and increasing efficiency.

    • Identify and eliminate unnecessary expenses

    • Negotiate with vendors for better pricing or discounts

    • Optimize processes to reduce waste and improve productivity

    • Increase efficiency by streamlining operations and automating tasks

  • Answered by AI

Skills evaluated in this interview

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Jun 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Easy grammar questions and financial basics

Round 2 - Technical 

(2 Questions)

  • Q1. Understanding the root cause of lower profitability
  • Ans. 

    Lower profitability can be caused by various factors such as declining sales, increased expenses, inefficient operations, or external market conditions.

    • Declining sales due to changing consumer preferences or increased competition

    • Increased expenses from rising costs of raw materials or labor

    • Inefficient operations leading to higher production costs or wastage

    • External market conditions like economic downturn or regulatory

  • Answered by AI
  • Q2. Best forecasting practices
  • Ans. 

    Utilize historical data, consider external factors, use multiple forecasting methods, and regularly review and adjust forecasts.

    • Utilize historical data to identify trends and patterns

    • Consider external factors such as economic indicators, industry trends, and market conditions

    • Use multiple forecasting methods like time series analysis, regression analysis, and scenario analysis

    • Regularly review and adjust forecasts based ...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Jan 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

Excelant good to get such type intriv

Round 2 - HR 

(1 Question)

  • Q1. Good and findly talk
Round 3 - Behavioral 

(1 Question)

  • Q1. About company and work details which
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
No response

I applied via Company Website and was interviewed in Mar 2024. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Tell me about yourself
  • Q2. Why you want to work at BCG
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Assignment 

An excel assignment to test basic knowledge like vlookup etc

Round 2 - Technical 

(1 Question)

  • Q1. Explain inner join with an example
  • Ans. 

    Inner join combines rows from two tables based on a related column

    • Inner join returns only the rows that have matching values in both tables

    • It is used to retrieve data that exists in both tables

    • Example: SELECT Orders.OrderID, Customers.CustomerName FROM Orders INNER JOIN Customers ON Orders.CustomerID = Customers.CustomerID;

  • Answered by AI

Skills evaluated in this interview

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Apr 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(1 Question)

  • Q1. Basically questions was only related to my previous experience. 1) They ask for how deep knowledge of my current project i have 2) Excel formulas and knowledge
Round 3 - HR 

(1 Question)

  • Q1. Salary discussion They offer 40% hike

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be yourself
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Oct 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Aptitude Test 

Aptitude - verbal, quant, reasoning

Round 3 - Technical 

(1 Question)

  • Q1. Walk me through balance sheet
Round 4 - Behavioral interview 

(1 Question)

  • Q1. Tell me about a time you had to deal with multiple stakeholders

Interview Preparation Tips

Interview preparation tips for other job seekers - easy interviews. just be confident with your answers
Interview experience
2
Poor
Difficulty level
Easy
Process Duration
6-8 weeks
Result
No response

I applied via Naukri.com and was interviewed before Mar 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. I applied through naukri, hr called me regarding interview , and she said interview will be in next two days, but happens 1 month later,
Round 3 - One-on-one 

(1 Question)

  • Q1. Interview happened through online with manager.., just simple question about previous experience and process and work related question . after interview complete no feed back given ., even we called hr ,...

Interview Preparation Tips

Interview preparation tips for other job seekers - give interview with full confidence, even you performed well in the interview., manager dicision is the final dicision

I applied via Walk-in and was interviewed in Oct 2021. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Why do you want job?
  • Q2. In what way unemployment reduces in the country?
  • Ans. 

    Unemployment reduces in a country through various measures and policies.

    • Economic growth and expansion of industries create more job opportunities.

    • Government policies like tax incentives and subsidies encourage businesses to hire more employees.

    • Investment in education and training programs helps to improve the skills of the workforce.

    • Social welfare programs like unemployment benefits provide temporary relief to those wh...

  • Answered by AI
  • Q3. What do you mean by hard worker and smart worker?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and smart.

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