WOODROW M. MORRIS CPA

Woody is a shareholder in the Tax Advisory Services Department. He has been practicing in various areas of tax compliance and consulting in public accounting since 2009. He is experienced in working with the management of closely held businesses in implementing tax-planning strategies, as well as providing private equity and capital groups with tax forecast, advisory and compliance-related services. He also assists clients in identifying and applying for a variety of federal, state and local tax incentive programs.

Over his career, Woody has led tax engagements for privately held companies as well as for the sponsors of widely held syndications in industries such as real estate, natural resources and construction.

Professional and Community Involvement

Member—American and Pennsylvania Institutes of Certified Public Accountants
Member/Chair —PIOGA tax committee
Member—NAIOP Pittsburgh Chapter

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Do you have a hobby/personal passion?
Travel

If you could go back in time, what advice would you give your college self?
Put more time into the social side of college versus the academic side.

What is the best or most interesting thing about your career? 
Working and interacting with a diverse group of clients and owners.

What was your first job? 
Summer farmhand at a local farm.

Do you have a “motto”? (spoken or unspoken)
Improvement is never linear.

When you have an hour of free time, what do you like to do?
A cigar outside – weather permitting!

Do you have advice for young professionals?
Satisfaction with your work has less to do with the work itself, and more to do the people with whom you are working.

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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