EUGENE M. DEFRANK CPA

Eugene is a shareholder in the Accounting, Assurance and Advisory Services practice at Schneider Downs, bringing many years of experience and leadership to the firm. He began his public accounting career in 1985 and joined the firm in 1988, where his dedication and expertise led to his promotion to shareholder in 1998. Over the years, Eugene has gained extensive experience and expertise with privately held, private-equity-owned and ESOP-owned businesses in the construction, manufacturing, transportation and logistics industries.

Eugene is regarded as a trusted business advisor by both clients and colleagues. His counsel is frequently sought to solve complex financial, accounting, and business issues.

Professional and Community Involvement

Officer and Board Member—Epilepsy Foundation Western/Central Pennsylvania

Member—American and Pennsylvania Institutes of Certified Public Accountants.

Member—Construction Financial Management Association

Member—Schneider Downs Construction Industry Group

Member—Pennsylvania Motor Truck Association

Past Chairman—Schneider Downs Transportation and Logistics Services Group

Past Member—Schneider Downs Accounting, Assurance and Advisory Services Committee

Past Chairman – Schneider Downs Accounting and Assurance Effectiveness Committee

Certified Construction Industry Financial Professional (CCIFP)

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What was your childhood dream?
To play for the Pittsburgh Pirates

What is the best or most interesting thing about your career?
I met my wife at Schneider Downs.

Do you have a “motto?”
Do unto others as you would have them do to you.

When you have an hour of free time, what do you like to do?
Anything with my children.

Do you have advice for young professionals?
Work hard, learn every day, build your network, take care of your family and give to those who are less fortunate.

Eugene Defrank

Our Thoughts On

FEATURED

Big Problem: Incorrect Accounting Methods


Big Thinking: Seven Figure Tax Savings.

Shareholder GENNARO DIBELLO has widespread experience in all areas of tax and business planning associated with closely held companies, and he's been with Schneider Downs since 1987.
During a routine review of one of our client's operations, Gennaro's team identified something that wasn't very routine at all. They discovered that the client was using multiple incorrect methods and calculations for computing tax depreciation for their fixed assets. Gennaro met the client to discuss the issue, presented a solution to correct the problem, quantified the results, and implemented the changes resulting in a favorable adjustment of nearly $4.5 million. Gennaro's expertise and eye for detail was critical in helping this client fix a problem they didn't even realize that they had. "We're good at identifying opportunities or exposures that aren't on our clients' radars," Gennaro said. "It's not necessarily what we were originally retained to do, but while we're executing our engagements, we're always looking for new ways to help our clients and minimize their tax burden." 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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