CARL D. SCHARF CPA

Carl has more than 11 years of professional tax experience in public accounting. He has served privately-held and family-owned corporations, partnerships, LLC’s and high net worth individual clients, advising on various issues involving federal, international, state and local tax matters. Carl is primarily involved in strategic tax planning, research and compliance issues for corporate and pass-through type entities.

Carl has extensive experience working with companies operating in industry sectors ranging from real estate, construction, transportation/logistics, automotive, retail and professional services. He also has experience with the review and analysis of cost segregation studies, transfers/sales of partnership interests, and U.S. and foreign-based companies that have tax exposure from foreign-owned investments.

Education

B.S.B.A – Accounting and Economics, The Ohio State University

Professional and Community Involvement

Member—The American Institute of Certified Public Accountants

Member—The Ohio Society of Certified Public Accountants

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Do you have a hobby/personal passion? 
When not spending time with my wife and 3 kids, I enjoy playing golf and hockey.

What was the best advice you’ve ever received? 
Become comfortable with being uncomfortable.

What was your childhood dream?
To be a cartoonist – still have many of the drawings from when I was a child.

If you could go back in time, what advice would you give your college self? 
Buy stock in Apple

People would be surprised to know that I…
Go on an annual family vacation to Dewey Beach, DE with 6 other siblings, spouses, kids, parents and dogs.  We all stay in one beach house for a week.  If you are trying to do the math – that is 16 adults, 14 kids, and 2 dogs.

What is the best or most interesting thing about your career?  
Building personal relationships with clients and co-workers.

What was your first job?  
A caddy at Canterbury Golf Club in Cleveland, OH

Do you have advice for young professionals?
It’s too often that we focus on what we think we should or shouldn’t be doing to better our “career”. Embrace your current role.  Do you job conscientiously. Be flexible, reliable, and respectful and your career will take care of itself.

Our Thoughts On

FEATURED

Big Problem: New Accounting Methods For Significant Refunds.


Big Thinking: Seven Figure Tax Savings.

A part of Schneider Downs since 1988, JAY MEGLICH provides auditing and consulting services to a variety of businesses and tax-exempt organizations.
While speaking with a client, the conversation turned to tax reporting for retainages held under contract. Jay suggested the client have a follow up meeting with the tax team to look into this issue in more detail and review the overall method of reporting that was being used for income tax reporting purposes. After changing their accounting methods, we filed amended returns for open tax years and were able to get the client a significant refund on prior year’s returns. Plus, this new favorable reporting method was implemented going forward. “It’s always satisfying to help clients find new and unexpected savings,” Meglich said. “This client was then able to leverage the cash flow into financing that assisted them in expanding their operations and eventually to the purchase of a larger facility to continue their growth.” Schneider Downs provides Big Thinking and Personal Focus in delivering a variety of services for large and small businesses, both publicly and privately held, as well as nonprofit organizations, government entities and more. Through our commitment to thought leadership and knowledge management, we deliver the solutions our clients need with a personal commitment to service.

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