Patrick J. Hickmann, CPA

Pat has over 10 years of experience in public accounting, which includes time spent at a Big Four public accounting firm where he served as the lead partnership technical expert for his office. His area of expertise is in partnerships, including allocations, tax planning and structuring. In addition to specializing in partnership taxation, he has significant experience working with family offices, S corporations and individuals. His experience spans a variety of industries and includes private equity, manufacturing, casinos and real estate.

Professional and Community Involvement

Member—the American and Pennsylvania Institutes of Certified Public Accountants

Education

B.S.B.A.—Accounting, West Virginia University

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Do you have a hobby/personal passion?
Outside of spending time with my wife and three boys, my passions are golf and fixing up our 160+ year old home.

Who is your role model?
My dad is my role model. Every summer through college, I would work with him at a manufacturing company. Working with him instilled a strong work ethic and other invaluable lessons.

What was your childhood dream?
Probably to play professional baseball or football.

If you could go back in time, what advice would you give your college self?
Spend more time getting to know my accounting major peers and professors.

People would be surprised to know that I…
Have a motorcycle…it has remained parked in the garage since my middle son was born.

What is the best or most interesting thing about your career?
The most interesting thing about my career is getting exposure to clients across a variety of industries and the opportunity to continue to learn something new each day.

What was your first job?
Dishwasher at Mariani’s Italian Restaurant in Cranberry Township.

When you have an hour of free time, what do you like to do?
Tackling one of the never-ending projects around our home.

Do you have advice for young professionals?
Commit the time to learn as much as you can early in your career. The foundation that commitment builds will pay dividends in the future.

Our Thoughts On

FEATURED

Big Problem: Large Tax Burden In The Succession Plans Of A Family Business.


Big Thinking: Creating A Grantor Trust To Save $1.5 Million.

GREG ALLISON is responsible for estate and succession planning for business owners, executives and high-net-worth individuals. He also prepares annual income tax returns for estates and trusts in addition to gift tax returns, federal estate tax returns and state inheritance tax returns.
One of Greg’s clients was a father wanting to retire and give his son 100% ownership of their company. Giving his 80% share in the company would result in a $1.5 million tax due on redemption. Greg’s team was able to avoid the $1.5 million tax and introduce asset protection by having the father creator a grantor trust instead. “By creating a grantor trust, the father was able to sell his shares under the same terms as redemption but save money since no gain is recognized on the sale,” said Greg. “We were also able to integrate asset protection into the structure and procure the recurring tax and attest services.” 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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