PATRICK B. ARMKNECHT CPA, CITP

Patrick has more than 28 years of experience helping clients optimize processes and leverage technology to solve problems. He has direct experience with digital transformation, process automation, project management, corporate accounting, internal audit, software selection and implementation. He has served clients in the professional services, manufacturing, distribution, not-for-profit and hospitality industries.

Patrick’s responsibilities include oversight of the firm’s Business Process Automation, Data Analytics, Digital Transformation, Software Solutions and IT Consulting Services. In this capacity, he’s required to stay abreast of the latest advancements in technology, digital trends and best practices to help identify and deliver value added solutions to clients.

Patrick’s responsibilities require significant planning and administrative skills, in addition to a thorough knowledge of specific financial, technological and operating concerns of the entities served.

 

Education

B.S. – Business Administraton, emphasis Accounting, West Virginia University

Professional and Community Involvement

Member—American and Pennsylvania Institutes of Certified Public Accountants

American Institute of Certified Public Accountants Certified Information Technology (CITP) Credential Holder

Member—Schneider Downs Not-For-Profit Services Industry Group

Member—Butler Country Club, Finance Committee

Rebuilding Together Pittsburgh, Past Treasurer

Member—ISACA (Information Systems Audit and Control Association)

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What was the best advice you’ve ever received?
Never be afraid to fail.

If you could go back in time, what advice would you give your college self?
Enjoy the present. The future will be here soon enough.

What is the best or most interesting thing about your career?
Technology is always changing – most of the time for the better.

What was your first job?
I was a paperboy.

Do you have a “motto?”
Do the right thing. Every time.

Do you have advice for young professionals?
Find your passion and pursue it. You spend too much of your life working not to enjoy what you do.

Our Thoughts On

FEATURED

Big Problem: New Rules For Business Deductions.


Big Thinking: New Tax Planning Strategies To Save $300,000.

Shareholder EVAN OGRODNIK has been with Schneider Downs since 2005 and is one of our experts in tax compliance and planning, accounting, and financial reporting matters.
Evan’s team always worked closely with our clients’ accounting group and Schneider Downs‘ audit team. When the IRS changed the rules on the deductibility of repairs and maintenance versus capitalization of assets, a group of Schneider Downs’ tax specialists performed a deep-dive on the technical rules of this change to develop tax planning strategies for their clients.  In one particular instance, through extensive analysis of the client’s fixed asset ledgers as well as those of related-party commercial rental properties, we were able to find tax savings of approximately $300,000. “Communication with our clients is always critical,” Ogrodnik said. “Our understanding of new, complex regulations, knowledge of our client’s business and internal workings, and the trust the client had in our experts, allowed us to take advantage of tax rules and garner significant deductions.” 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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