THOMAS D. PRATT CPA, ABV, CFF, CVA
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Tom has more than 35 years of experience in public accounting and business consulting providing forensic accounting, litigation support, business valuation and financial reorganization services to a diverse client base. His clients have ranged from large publicly-traded companies to middle market and small, closely-held businesses. His clients also have included numerous governmental entities and not-for-profit organizations. Tom works with clients from a wide variety of industries including construction, manufacturing, retail, energy, professional services, healthcare, technology and financial services.
Tom has led hundreds of consulting engagements during his career, including internal investigations of allegations of fraud and misconduct, analysis of Ponzi and other fraud schemes, business and fraud risk evaluation, shareholder and partner disputes, commercial damages, economic losses and business interruption claims. He has also performed business and intellectual property valuations for litigation, financial reporting and other purposes such as estate, gift tax and ESOPs.
Tom has extensive experience in the presentation of complex financial and accounting analyses to business executives, boards of directors and government officials. He has testified as an expert in both federal and state courts and arbitration proceedings on accounting and valuation matters, and has served as a neutral mediator in financial disputes.
Education
B.A. – Accounting, Westminster College
Professional and Community Involvement
Member – American and Pennsylvania Institutes of Certified Public Accountants
Board Member – Presbyterian SeniorCare, Chair of Budget and Finance Committee, Member of Executive Committee
Member – National Association of Certified Valuation Analysts
Member – Licensing Executives Society
Member – FBI Citizens Academy Alumni Association, Class of 2017-XVIII
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Do you have a hobby or personal passion?
I play the bass in the band at my church every Sunday.
What was the best advice you’ve ever received?
My Dad encouraged me to study accounting when I wanted to switch majors in college. He said that if I understood accounting, I would be prepared for anything because accounting is the foundation of all business.
Who was your role model?
My father-in-law, Dean English. He set an excellent example for setting priorities and balance among Church, Family and Business.
What was your childhood dream?
My childhood dream was to play shortstop for the Pittsburgh Pirates – whose wasn’t?
People would be surprised to know that I…….
…was originally a music major until I switched to accounting.
Do you have a “motto?”
Whatever you do, work at it with all your heart, as working for the Lord, not for men – Colossians 3:23
Our Thoughts On
Our Thoughts On
PA Computer Services Guidance
FEATURED
Big Problem: A Limited Employee Benefit Plan.
Big Thinking: Increased Contributions And Employee Retention.
Shareholder JOE BRUCE has more than 21 years of public accounting experience since joining Schneider Downs in 1996. He has expertise with a variety of clients including construction, manufacturing, retail, oil and gas industries, and employee benefit plans.
One of Joe’s clients had a successful business and was interested in contributing more to their retirement accounts. However, the client was limited by the existing employee benefit plan structure and IRS contribution limitations on their existing structure. Joe’s team was familiar with the structure of their existing plan and offered to do an analysis of their options.
“The Schneider Downs Retirement Plan Solutions Group suggested a cash balance plan and provided an analysis to the business owners which quantified the impact and provided options to allow the client to evaluate the direction they were most comfortable moving forward with.” Bruce said. “The client elected to adopt the cash balance plan and was able to significantly increase contributions into the owners’ retirement accounts. This also enhanced the quality of the retirement benefits for their employees, which in turn helped improve employee retention.”
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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