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 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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