PAUL M. MATVEY

Paul joined the firm in 1983 and became a shareholder in 1988. He served as Chair of the Tax Department from 2001 – 2015, helping to direct the firm’s tax initiatives internally, and also to develop new products and services for the firm’s tax services group. Today, Paul serves as special counsel to the firm.

Paul works closely with the firm’s clients, developing their business and tax planning strategies. He has considerable experience in tax compliance and planning for closely held businesses and their shareholders, especially in the areas of mergers and acquisitions and entity structuring. Paul works side by side with firm clients to develop just the right approach for their tax needs. He has assisted clients in a number of industries such as automobile dealerships, construction, professional services, life insurance, retail, wholesale and manufacturing.

Paul specializes in and serves as a consultant to new and existing automobile clients and serves on many client advisory boards.

Professional and Community Involvement

Member—American and Pennsylvania Institutes of Certified Public Accountants, the Ohio Society of Certified Public Accountants and PrimeGlobal

Chair of Membership Committee and past Director—Pittsburgh Field Club

Past Director—Central Catholic High School

Chairman—Central Catholic High School Victory Auction-2000

Member—Duquesne Society; Lasaillian Society; Pittsburgh Field Club; Secession Golf Club

Shareholder-in-charge of Schneider Downs Automotive Services Industry Group

Director—Duquesne Athletic Fund

Advisor to Board—Greater Pittsburgh Auto Dealer Foundation

Served on the firm’s Board of Directors until 2013

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Do you have a hobby or personal passion?
I enjoy gardening.

What was the best advice you’ve ever received?
Experience is a great educator…it just takes a long time. (So I went to grad school)

Who was your role model?
My parents, who taught me the importance of patience and perseverance

What was your childhood dream?
To play baseball

What is the best or most interesting thing about your career?
I’ve been along for the ride as Schneider Downs grew from 35 people to 400 (and counting) team members. Of course, the best thing that happened to me was meeting Marci on the beach in Florida.

Do you have a “motto?”
Remember where you came from.

Do you have advice for young professionals?
Read John Wooden’s book, Pyramids of Success. Listen to Jim Valvano’s speech – Don’t give up…don’t ever give up.

Our Thoughts On

FEATURED

Big Problem: Large Tax Burden In The Succession Plans Of A Family Business.


Big Thinking: Creating A Grantor Trust To Save $1.5 Million.

GREG ALLISON is responsible for estate and succession planning for business owners, executives and high-net-worth individuals. He also prepares annual income tax returns for estates and trusts in addition to gift tax returns, federal estate tax returns and state inheritance tax returns.
One of Greg’s clients was a father wanting to retire and give his son 100% ownership of their company. Giving his 80% share in the company would result in a $1.5 million tax due on redemption. Greg’s team was able to avoid the $1.5 million tax and introduce asset protection by having the father creator a grantor trust instead. “By creating a grantor trust, the father was able to sell his shares under the same terms as redemption but save money since no gain is recognized on the sale,” said Greg. “We were also able to integrate asset protection into the structure and procure the recurring tax and attest services.” 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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