WOODROW M. MORRIS CPA
CONTACT
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.
Education
M.S.—Taxation, Robert Morris University
B.S.—Accounting, Robert Morris University
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.
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Investment Corner with Jason & Sean: Strength in EM… Is it Sustainable?
Changes to the Student Financial Assistance Cluster in the 2024 Compliance Supplement
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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