The people
Client: Multi-location, Multi-generational, Recently Transitioned Construction Client
Services: Audit, Tax, Lease, Valuation, 401k Audit, Individual Tax Work, and Succession Planning
How it Started
Through Schneider Downs’ high-profile work within the construction industry throughout our region, our Firm enjoyed a friendly relationship with a closely-held, multi-location, multi-entity, multi-generational construction company, even though they weren’t a client (yet). Our two organizations shared many common relationships, including insurers, bankers, and peers from the industry. This familiarity led to the opportunity to take our relationship further.
Born Ready
The organization soon realized that its current provider was facing capacity challenges, which were becoming apparent in the service they received. Recognizing that Schneider Downs had both experience and a sizable construction accounting team, the company approached our firm to discuss a possible relationship. What began as an invitation to assist with their current need soon evolved into deeper discussions about more proactive and complex business solutions that the company had previously not explored.
From our initial meeting about the audit and tax work, our teams began identifying areas of interest. We noticed they were accounting for their extensive leasing activities manually, and were without a formalized process or plan. When we offered to set them up with our simpLEASE software, they endorsed the idea immediately. Along the way, Schneider Downs introduced several additional service ideas that could present new opportunities to the client – soon we were engaged to do their corporate audit, 401k audit, extensive tax work, including individual taxes for the owners and lease accounting, as well as assist with valuation projects. Because the client was so interested in new ideas, they were especially receptive to the “best practices” conversations led by our construction experts. Collectively, our services helped them not only address current needs but also identify opportunities to prepare for the future.
How it's Going
Quality relationships are worth the wait….and the effort. Schneider Downs built a dedicated team of construction experts to tackle these assignments collectively, and, after an excellent first year, that same team will return in its entirety. In that first year, because our teams worked together so closely, we quickly identified that a restructuring initiative had exacerbated some delays in preparing financial statements for audit. So, to assist their overextended finance department, the Schneider Downs team took that responsibility off their hands. Problem solved. It’s what good partners do.
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The people
Variety of services, expertise and customer service.
Jim Yard, Jessica Miller and team are first class in everything they do. They are a wealth of experience and knowledge and share that expertise with our Management team and Board. I have worked with numerous firms in my 25+ career and Schneider Downs is the best when it comes to communication, transparency and high-quality work product. We could not be happier with our relationship, and they are a source of strength in our overall risk management framework.
My family has been working with Darin Schindler for almost 30 years. Darin is a consummate professional and our family’s most-trusted advisor. I have nothing but the highest praise for him and his team at SD.
Relationships with the great people we work with.
Friendly knowledgeable staff
Very responsive. Lower cost option compared to Big 4.
Good people.
Great relationship with our primary POC – Jim Sayer. Excellent knowledge base and highly responsive to our business needs. SD has added real value to our taxation reporting and strategy.
The people are knowledgeable and care about positively impacting our business.
Schneider Downs’ engagement teams are hand-selected by our shareholders based on skill sets and experience and are available around the clock for consultation. Each attestation engagement is subject to our comprehensive quality control and risk management system, providing an independent review of audit opinions, related financial statements and significant underlying working papers, to ensure that the highest levels of professional standards are met.
To learn more, visit our dedicated Audit and Assurance page.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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