Topics or areas of expertise that Daniel can talk about (even in his sleep):
General business accounting
QuickBooks & Sage accounting software
Personal income tax
Business income tax
Tax implications of various business entity types
How we know he knows what he's doing:
Daniel earned his bachelor's degree in accounting from Thomas Edison State University
He joined Rea as part of the 2020 Dyer Roche merger
He has over six years of experience in the accounting industry
Furthering his professional development, Daniel is involved with:
Ohio Society of CPAs
American Institute of CPAs
Local Roots (treasurer)
How he's helped clients meet their business needs:
A client was selling a commercial property that was held by an S Corporation and was facing a significant income tax liability. The problem was that the property was inherited but did not receive a step-up in basis due to being held by a corporation. In this situation, the shares in the corporation received the step-up in basis rather than the property. Working with a fellow CPA, they helped the client structure the sale in such a way that the basis in the corporate shares was able to offset the gain on the sale of the real property. In so doing, they were able to save the client over a quarter-million dollars in income tax.
During the early stages of the COVID-19 pandemic, there were a series of laws passed and stimulus packages that were quickly put together by the federal government. These rapid changes left many clients with questions related to payroll and the Paycheck Protection Program (PPP). Daniel was able to help clients navigate these changes and to help them apply for, and receive, PPP loans that will ultimately be forgiven by the Small Business Administration.
When he's not in the office, you can find him:
Spending time with his wife and son, and their extended family
Hunting, fishing and kayaking
Playing tabletop games (cards and board games)
Inside The Mind Of...
What does “A Brighter Way” mean to you? Helping clients find practical solutions to the problems they face in their business.
Why do you choose to work at Rea? Being from Holmes/Wayne county, I like that while Rea has the resources of a top 100 accounting firm it still has a small-town atmosphere.
What line of The Rea Way describes you the best? It's difficult to pick just one, so I will say Quality counts, Take Ownership, and Never stop learning.
What’s your favorite aspect of your job? I enjoy learning about my client's businesses and using our knowledge and experience to help them save time and money.
Just For Fun:
What profession would you choose if you didn’t go into accounting? I would do something involving real estate, property/asset management.
What was your first job? Land surveyor's assistant
What is one trait you possess that you inherited from your mother or father? Work ethic. Most Saturdays growing up were workdays and my brother and I, along with my dad, would be chopping firewood, cutting brush, renovating homes, etc.