Contact Name: Randy Shank
Your Title: President
Company/Organization Name: Shank & Company, CPA
Phone Number: 513-535-0100
Web Address: www.shankandcompanycpa.com
Address: Harrison, Ohio 45030
- Please describe your business:
Shank & Company, CPA is a state of the art public accounting firm specializing in taxation, budgeting, payroll, and accounting for businesses and individuals. The firm is small enough to be personal, yet experienced in all facets of business. Shank & Company, CPA currently has clients in 37 states, specializing in business start-ups all the way through third generation well-established businesses.
- What first inspired you to get into your line of work? And what motivates you to do the work you do still today?
My journey into the exciting world of accounting started when I was in elementary school. Growing up next to my grandmother’s house, and she being a retired school teacher, she taught me the “old” math. I enjoyed it so much that I decided to go into accounting. Along the way, I had two influential college professors, Harold Caylor, and Dr. William Schmeltz, who made accounting and taxation come alive for me. Accounting is a science, but at the level, we practice, it is an art form. Financial statements and income tax returns show a clear and definitive answer to how either an individual or company is doing. It functions as a financial barometer, if you will, not unlike the prayer life of a believer. A believer who exercises his prayer life misses what is going on in his own life spiritually. Accounting, as well as a prayer life, refutes the old wives saying that “Ignorance is bliss.” Each believer, each company, each individual taxpayer will be judged based on the “numbers”. Thank God we are no longer responsible for our sins as believers. Unfortunately, the same cannot be said in the professional world of accounting. It is the “knowing” of how much that makes our profession useful. We help business start-ups, transfers of business to next generations, etc. The satisfaction we get in helping people to be financially independent is what drives me professionally. We are careful to provide the level of service that our clients both require and need.
- How did you come to faith in Christ?
As a young boy, I was raised attending Euclid Nottingham Baptist Church, in Euclid, Ohio, and not only had a fine pastor, but a number of excellent Sunday School teachers who influenced me. Because of them, I received Christ as my Savior at 8 years of age.
- How does your faith impact the way you do business?
My Christian values are evident in every facet of my life, whether it be family, in my business, public areas as well as in church. My faith is visible in my business by how I treat people. I attend Friendship Baptist Church in Cincinnati where Brother Gary Jackson is my pastor. My parents raised me to treat people the way I want to be treated. This means I understand folks experience personal difficulties, illnesses, unemployment, and other life situations. Life sometimes just happens regardless of how much we try to plan for it, but it’s important to try to plan so that everything isn’t a surprise. We help take the peaks and valleys out of businesses and individuals’ lives, economically. After thirty seven years in business we run with the expectation of honesty. We are going to be honest with you and you must be honest with us. We handle any and all correspondence with any governmental entity so that you won’t have to, at no additional charge to our clients. Because of this, most of the time we can eliminate problems before they become serious issues for our clients.
- Please share a story where you saw God move in your business or impact a customer.
Shank & Company, CPA has been a leader in our industry by being among the very first to not charge any active US military personnel for income tax preparation. We have a stack of thank you notes from clients for things we have done for them, but perhaps the best one I could share would be this one. We picked up a new tax client who was going through a divorce. The taxpayer and her husband were selling the house, and it sold the same week it went on the market. I advised the client to contact one of my connections in real estate, but the house closed so quickly, there was no time for that. She called me and said, “I have to move in one week. We closed on our house!” I picked up the phone and called a friend, and found her a home to lease in the same community so that her daughter could stay in the same school system and could continue to play softball on her local team. The daughter is now the recipient of a sports scholarship she might never have gotten, had her mom had to move to another community. God made that vacancy at my friend’s property. This was this client’s first time to do business here. All of this transpired within three days. Only God can work things out with that kind of timing.