DOUGLAS J. MORALLY CPA

Doug joined Schneider Downs in the fall of 2004 and has over 15 years of public accounting experience. He has experience serving a variety of clients in the technology, distribution, transportation, retail, professional services and manufacturing industries, including publicly traded companies.

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

Board Member and Finance Committee—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: 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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