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Scott Handwerger

Partner

410.900.1392  | 

Scott Handwerger, CPA, uses his 17+ years of public accounting experience to help clients save money and increase cash flow. Construction contractors, manufacturers, distributors and service businesses are just a few of the types of clients he serves.

 

You Might not know

Scott enjoys spending his summer vacations in Maine and winter vacations in Myrtle Beach, SC.

Scott Handwerger, CPA, a partner in the firm and a member of Gross Mendelsohn’s Construction & Real Estate Group, helps contractors and real estate developers, managers and investors with tax planning and tax compliance. He specializes in cost segregation studies, which often benefit companies that have built a new facility or renovated an existing facility.

He also provides estate planning and tax planning services to high net worth families and individuals.

Scott offers a full range of tax and accounting services to restaurants. He is well versed in minimum wage issues, tip reporting and allocation compliance, inventory management systems, and food, beverage and labor costs.

A member of the firm’s Manufacturing & Wholesale Distribution Group, Scott helps manufacturers and distributors save money and increase cash flow through tax planning, using tools such as cost segregation studies, inventory method selection, lease vs. purchase studies, multi-state income tax planning, transfer pricing, and business structure decisions. He also helps manufacturers take advantage of the research and development tax credit.

For Scott, giving business advice is only one facet of his client relationships. He enjoys learning what he has in common with his clients. He feels fortunate to call many clients friends and has had many enjoyable experiences with them outside the office.

Education

  • Master’s degree in taxation, University of Baltimore (2001)
  • Master’s degree in sports management, University of Massachusetts, Amherst (1994)
  • Bachelor of arts degree in management, Gettysburg College (1993)

Affiliations

  • American Institute of CPAs
  • BKR International
  • Manufacturing CPAs
  • Maryland Association of CPAs

More Fun Facts

  • Coaching his kids’ sports teams keeps Scott quite busy.
  • If you can’t find Scott around the house, in the office or on his kids’ sports fields, you can probably find him on the golf course.

Articles By Scott

Hiring Veterans: There’s a Tax Credit for That

More organizations are hiring military veterans every day. In addition to benefiting from the skills, dedication and experience that veterans offer, qualifying employers can earn a tax credit for their commitment to hiring, training and retaining veterans. Many of our clients, particularly government contractors, hire military veterans. Let’s look at some of the tax credits available to employers who hire veterans.

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Tax Credits & Incentives for Maryland Construction Contractors

If you’re a business owner or CFO, the idea of leaving money on the table is cringe-worthy. Tax credits and incentives offer the opportunity to lower your construction company’s tax burden, dropping more money to your bottom line. If your construction business isn’t taking advantage of every available tax savings opportunity, you’re missing out. Many construction contractors, however, aren’t aware of some Maryland and federal credits that could generate substantial tax savings for them.

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De Minimis Safe Harbor Election: Act Now To Be Eligible For 2018

With the confusing terminology, complicated tax code and the feeling that tax rates are just too high, many business owners hear “taxes” and run the other way. However, there is one tax phrase that’s easy to understand and every business owner likes to hear: safe harbor. With the de minimis safe harbor election, you can immediately expense certain assets up to $2,500. If you have an applicable financial statement (AFS), this goes up to $5,000. Subscribe to our blog to get articles like this delivered to your inbox. Sound good? You must act NOW to ensure that your business is eligible to make this election for the 2018 tax year.

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