David E. Shaffer, CPA

David E. Shaffer, CPA

Director, Audit & Accounting
Government Contracting, Architecture and Engineering Industry
Group Leader
Center for Private Company Excellence Specialist
100 Witmer Road Suite 350 Horsham,  PA  19044
Email David (215) 734-1615

Areas of Specialization

David provides audit, tax, and management consulting services for a variety of clients and industry groups.  His areas of expertise include government contractors, engineers, architects, and other service-related companies.  He serves as an instructor for in-house professional training seminars and has conducted seminars throughout Pennsylvania regarding compliance with the Federal Acquisition Regulations.  David has advised clients on either buying or selling their businesses and has completed over $1 billion in transactions.  He has developed unique due diligence and post-acquisition tools to facilitate a successful transaction.

David has also advised owners on exit strategies and has assisted numerous companies in developing, a comprehensive succession plan that addresses the owner’s liquidity needs and also addresses the cash flows of the company.

As the Government Contracting Industry Group Leader, David works with a number of Department of Defense contractors and many contractors supporting second tier government organizations such as Homeland Security and the Department of Energy.  He also works with a number of professional service firms that support state Departments of Transportation and other state agencies, to assist them with their indirect cost rates.

As the leader of the Architectural and Engineering Group, David is very involved in looking at the year-end tax planning for his professional service clients to determine that they are taking advantage of the cash basis method of accounting for tax purposes and also the potential tax credits that they may be eligible.

In addition, David assists clients in obtaining loans from banks. As a former bank CFO, he understands the underwriting process so he can present the loan proposal in terms that are easily understandable.

Background

David joined Kreischer Miller in 1994.  Prior to joining Kreischer Miller, he was the Chief Financial Officer for a local bank and worked for a large national accounting firm, where he audited financial institutions and closely-held companies.  David has been coaching Horsham’s Challenger Baseball League—a league for disabled children—for over 15 years and owns a tree farm in Western Pennsylvania.

Professional and Business Affiliations

  • American Institute of Certified Public Accountants – Member
  • Pennsylvania Institute of Certified Public Accountants – Member
  • Horsham Rotary – Member, Past President, and 2010 Ike Jarrett Memorial Award Winner for significant contributions to the community
  • Horsham Chamber of Commerce – Member of the Board of Directors
  • Supply Force Account Management – Officer and member of the Board of Directors
  • Greater Valley Forge Transportation Association – Member
  • College Settlement – Member of the Finance Committee
  • American Council of Engineering Companies – Member
  • Engineers Club of Philadelphia – Member
  • American Institute of Architects – Associate Member
  • National Defense Industrial Association – Board Member

Education and Certifications

  • Certified Public Accountant in Pennsylvania
  • B.S. – Washington and Jefferson College

 

Thought Leadership