PATRICK B. ARMKNECHT CPA, CITP
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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
The Impact of the U.S. Department of Education’s Final Title IX Regulations
Maximizing Returns: Leveraging R&D Tax Credits in the Energy and Natural Resources Sector
FEATURED
Big Problem: Inefficient Tax Credit Realization.
Big Thinking: Identified A $900,000 Tax Credit, Nearly Twice As Much As Prior Years.
Joining Schneider Downs in 2004, DOUG MORALLY has more than 14 years of public accounting experience. He serves a variety of clients from not-for-profit, construction, retail, transportation, manufacturing industries and professional services.
One of Doug’s clients, a professional services company, was looking to transition their Research and Development (R&D) study to Schneider Downs to save money and maximize the R&D tax credit. Doug’s team was able to use their expertise to expand the sample of projects reviewed in 2019 and increase the net R&D credit.
“This expansion helped identify an R&D tax credit of almost $900,000—almost double what have been identified in previous years,” said Doug. “We were able to help our client save significant money and maximize their R&D tax credit.”
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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