MARY D. RICHTER CPA

Mary is a tax shareholder who has been serving tax clients for more than 25 years. She has worked in both public accounting and private industry. Mary has a diverse tax background with experience in federal, state and international tax and business issues and has provided dedicated client service to multinational manufacturing and service entities in all phases of the business cycle, from start-up to exit strategy.

Mary’s experience includes domestic and international tax planning, tax credits, accounting for income taxes and specific transaction planning and implementation for both public and private companies.

As a tax shareholder at Schneider Downs, Mary focuses on helping clients with international tax issues and opportunities. Mary regularly assists clients with business expansion abroad, both through internal growth and acquisition; foreign tax credit planning; cross-border transaction planning; as well as transfer pricing reviews and implementation. She has worked with clients throughout the world, including North America and South America, Europe, and Asia Pacific.

Education

BSBA – Accounting, Duquesne University

Professional and Community Involvement

Chair—PrimeGlobal International Tax Group – North America

Board Member—ACHIEVA

Board Member—Magee-Women’s Research Institute & Foundation

Member—Western Pennsylvania District Export Council (DEC)

Executive Team—United Way of Southwestern Pennsylvania Women’s Leadership Council

Member—American and Pennsylvania Institutes of Certified Public Accountants

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Do you have a hobby or personal passion?
Let’s Go, Pens!

What was the best advice you’ve ever received?
Treat everyone you meet as a future client or employer.

Who was your role model?
I try to learn something from everyone.

People would be surprised to know that I…….
Speak fluid Italian. Also, I am currently writing a nonfiction book.

What is the best or most interesting thing about your career?
Someone once told me that public accounting will treat you like a sponge – you will soak up as much as you want. There is always an opportunity to learn or do something new.

What was your first job?
I worked at my parent’s nursery over the summers.

Do you have advice for young professionals?
Ask questions. Try new things – even if they are difficult – particularly because they are challenging.

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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