JOSEPH A. BRUCE CPA

Joe has more than 23 years of public accounting experience since joining the firm in 1996. His background includes serving a variety of clients in the construction, manufacturing, retail and oil and gas industries and employee benefit plans, including publicly traded companies.

Joe assists clients with financial reporting and operational matters and is responsible for the overall management and supervision of audit engagements. Such responsibilities require significant planning and administrative skills and extensive knowledge of financial reporting requirements, key technical issues and understanding the operating concerns of the entities served. Joe regularly attends local and national conferences for the oil and gas and construction sectors, and has significant involvement in the firm’s continuing education programs and industry groups.

Professional and Community Involvement

Member—American and Pennsylvania Institutes of Certified Public Accountants

Member—Schneider Downs Construction Services Industry Group

Member—Business School Advisory Board, Waynesburg University

Past Board Member—Master Builders Association Young Contractors and YouthWorks, Inc.

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Do you have a hobby or personal passion?
Golf and baseball

What was the best advice you’ve ever received?
Paraphrasing the Andrew Carnegie line, “Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishment toward organizational objectives. It is the fuel that allows common people to attain uncommon results.

Who was your role model?
My Dad

What was your childhood dream?
I always wanted to play centerfield for the Pirates

People would be surprised to know that I…….
….was in the emergency room at least once a year until I reached my mid-twenties

What is the best or most interesting thing about your career?
I will spend my entire career working for just one company – Schneider Downs.

What was your first job?
Working on a farm

Do you have a “motto?”
Greatness courts failure. If you want to be average, you probably will be.

Do you have advice for young professionals?

Work with passion, energy and a desire to improve every day.

Our Thoughts On

FEATURED

Big Problem: The Tax Implications Of Overseas Valuations.


Big Thinking: $1 Million In Tax Savings.

Shareholder MARY RICHTER has more than 20 years of public accounting experience since joining Schneider Downs in 2002. She has expertise with domestic and international tax planning, state tax nexus, tax credits, accounting for income taxes, and specific transaction planning and implementation.
One of Mary’s clients was reorganizing their overseas operating structure and wanted to move certain assets to different jurisdictions. The client had been purchased by a Private Equity group and called us about updating a valuation we had previously done for the business. In addition to working through the valuation questions, we were able to identify an opportunity to revise their restructuring plan to avoid taxation of a significant portion of the transactions. “By asking questions, having a strong understanding of their needs, and collaborating with the client, we were able to save them roughly $1 million in taxes,” Mary said. “Plus, our plan enabled them to generate future tax deductions overseas to offset the current cost of restructuring. We also saved them substantially on fees.” 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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