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DOUGLAS J. MORALLY CPA

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[email protected]
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Doug has over 19 years of public accounting experience serving a variety of clients in the professional services, construction, manufacturing, transportation and logistics, distribution and retail industries, including publicly traded companies. He also has extensive experience serving employee benefit plans, including defined contribution, defined benefit, health and welfare and ESOP plans.

Doug has significant experience working on a variety of technical accounting, auditing, reporting and business related issues for public registrants, private companies and not-for-profit organizations, providing clients with timely and innovative advice on a broad array of accounting, finance, corporate governance and general business issues. His background includes a comprehensive understanding of internal control over financial reporting and significant accounting policies, including revenue recognition, accounting and reporting on significant acquisitions, goodwill and equity transactions.

Education

B.S. – Accounting, Mercyhurst University

Professional and Community Involvement

Member—American and Pennsylvania Institutes of Certified Public Accountants

Member—Schneider Downs SEC Practice Group

Member—Schneider Downs Transportation and Logistics Industry Group

Member—Schneider Downs Audit and Assurance Effectiveness Committee

Past Board of Directors and Treasurer—New Hazlett Theater

Board of Directors—The Education Partnership

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Do you have a hobby or personal passion? 

Hockey, golf and skiing

 

Who was your role model? 

My dad

 

What was your childhood dream? 

To be a doctor

 

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

You have more free time now than you ever will have again in your lifetime – enjoy the experience!

 

What was your first job? 

I was a lifeguard.

 

When you have an hour of free time, what do you like to do? 

Spend time with my family.

 

Do you have advice for young professionals? 

Get involved, take ownership of your career and learn every day.

Our Thoughts On

FEATURED

Big Problem: High Tax Burden For Family-owned Franchisor.

Big Thinking: Comprehensive Planning For A 15% Tax Reduction.

A tax shareholder with more than 25 years of private and public accounting experience, CHRIS MCELROY joined Schneider Downs in 2017 and advises clients in diverse sectors, including consumer products and retail, healthcare, and manufacturing and distribution. Chris' team went to the aid of a family-owned retailer/franchisor that needed to reduce its tax burden to better align with the long-term vision for the business. Schneider Downs' shareholder-led service model positioned the team to have a sophisticated understanding of the client's objectives and leverage opportunities afforded by the Tax Cuts and Jobs Act. "We helped the client implement a structure to get requisite cash flows to the owners while taking advantage of favorable corporate tax rates, non-U.S. tax planning, and other tax provisions such as QBI and FDII,” said McElroy. “We were able to reduce their overall annual global tax burden by nearly 15% as a result." 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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