An executive in the accounting, tax, and financial planning arena that has allowed for assisting firms and individuals to meet their financial objectives, improve their processes and enhance profitability. With over forty-five years of experience as both an owner of a CPA practice in the North Dallas area and a managing partner in a large local North Dallas CPA, he has been able to assist clients in improving their tax planning, developing internal controls and procedures, enhancing internal financial reporting, and developing better business practices. Prior to his involvement in these CPA practices, he filled the capacity of Chief Financial Officer and President in a couple of Texas distribution companies where he helped these companies in developing long-range strategies, projected budgets, cash management, and improved processes.
During his tenure of working, Mr. Stieferman has been involved in engagements for over 1500 tax returns per year (especially S- Corporation preparation), working with clients in a trusted advisor capacity and developing of business plans. His past business experiences coupled with his CPA credentials has allowed for him to become to a go-to for compliance and attestation services. He thoroughly enjoys writing business plans, developing three to five-year budgets, working with banks to obtain needed financial assistance, and looking at internal process while performing process improvement analysis. While energetically pursuing these interests, he has built strong business acumen with all clients but emphasizing construction, light manufacturing, service, and distribution industries.
Notable projects have included – implementing software and hardware applications of a seven firm, $3.8 million accounting/tax firm into fully integrated systems; increasing revenue of multiple tax practices by as much as 46%; improving distribution companies net return on assets by double digits; restructured debt of $42 Million distribution firm; reduced sales tax audit liabilities of client firms with the best being $40,000; and repetitively reduced firm’s accounts receivable days outstanding he has worked for, the best being more than a 16 day reduction.