EUGENE M. DEFRANK CPA

Eugene began his public accounting career in 1985, and joined the firm in January 1988. Eugene has extensive experience and expertise with privately held businesses in the transportation, construction, manufacturing, wholesale, and service industries. This enhances his delivery of accounting, auditing, tax and business advisory services.

Professional and Community Involvement

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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.

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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