ALLEN P. DELEON, CPA, PFS, CITP

Al is a partner and one of the founders of DeLeon & Stang and leads the firm’s Assurance Services practice. With more than 35 years of experience in accounting, he specializes in providing audit, tax, financial, and advisory services to credit unions, hotels, and not-for-profit organizations. Al has an in-depth knowledge of credit unions, encompassing asset liability management, liquidity management, and compliance. In addition, he is skilled in working with allowance for loan loss policies and quality review, the NCUA, the Federal Reserve Board, and FDIC and FFIEC regulations.

A well-respected accounting authority within the industry, Al frequently speaks to professional groups on accounting and taxation matters. In addition, he serves as a member of the Board of Directors for several non-profit organizations.

Designations:


  • Certified Public Accountant, Maryland, Washington D.C., Virginia, New York, California and New Jersey
  • Series 6 and 66 Securities Registrations
  • Maryland Insurance License
  • Personal Financial Specialist (PFS)
  • Certified Information Technology Professional (CITP)

Memberships:


  • American Institute of Certified Public Accountants (AICPA)
    • Council Member
    • Technical Issues Committee (TIC)
  • Maryland Association of Certified Public Accountants (MACPA)
    • Past Chair of Board
    • Legislative Executive Committee – Chair
  • District of Columbia Institute of Certified Public Accountants (DCICPA)
  • Association of Certified Fraud Examiners (ACFE)
  • American Society of Association Executives (ASAE)
  • Metropolitan Area Credit Union Management Association (MACUMA)
  • Maryland & District of Columbia Credit Union Association (MDDCCUA)
  • Mid-Atlantic Federal Credit Union
    • Treasurer
  • Center for Nonprofit Excellence
  • Gaithersburg-Germantown Chamber of Commerce
    • Past Chairman for Board of Directors
    • Golf Committee—Member
  • Asbury Communities
    • Treasurer

Education:


  • Hofstra University School of Business
    • BBS, Accounting – Graduated with Honors

 

Specialty Experience


Credit Unions

Al’s in-depth knowledge of the credit union industry for over 30 years allows him the ability to give the highest quality services to his clients.

  • Audits and agreed-upon procedures for credit unions of all sizes
  • Internal audit engagements for non-external audit clients
  • Fraud and risk audits
  • Student loan audits
  • Consultation services in areas such as special reviews, election balloting, SSAE No. 16 SOC audits, internal control reviews, OFAC compliance reviews, ACH compliance reviews and SAFE Act
  • CUSO audits and tax planning
  • Tax preparation programs for credit union members
  • Assessments and compliance audits such as Federal Home Loan Bank, FNMA, Freddie Mac, etc.
Not-for-Profits

Al’s experience in the not-for-profit industry as a controller, CFO and auditor provides him with the invaluable ability to consult for his clients in their day-to-day operations.  In addition, inform and advise his clients of industry trends and practices.  Al’s well-rounded background for over 30 years guarantees his clients the best advice in improving their organizations.

  • Certified audit engagements for not-for-profits of all sizes
  • 990 and 990-T tax return preparation
  • Applications for exempt status and charitable organization filings preparation
  • Human resources advisory services including policies, procedures and benefits planning
  • Financial statements and payroll preparation services
  • QuickBooks installation and training consultation
  • Accounting advisory services
  • Outsource controller or CFO services
Hospitality Organizations

Al has over 25 years of expertise in the hospitality industry.  His expertise includes audits, reviews and compilation services.  Al has extensive experience in preparing partnership tax returns for these organizations and their partners and assurance on financial statements.

  • Audit, review and compilation engagements
  • Tax return preparation
  • Budget development, accounting procedural manuals and tax planning consulting services
  • Financial statements and payroll preparation services
  • SSAE SOC engagements
Businesses

Al has provided a wide range of services to businesses throughout his 30 years of experience.  Many of these businesses have continued to prosper and grow with the help of his dedication to giving his personal attention to the complexities of running a company. He also advises on succession planning.

Financial Services

Al works with clients to help them develop and work toward their financial goals.  He focuses on working with clients to define what “success” means to them and offers guidance to help them increase their potential and financial well-being.  This includes financial and retirement plans, college planning and succession planning.

Tax Services


Businesses

Al has over 30 years of experience in business tax return preparation and planning.

Individuals

Al has prepared many of individual tax returns dealing with all types of tax issues over a span of thirty years.  He also provides innovative tax planning alternatives that help you keep more of what you make.  Al’s capabilities include:

  • Tax return preparation for business entities and individuals
  • Financial statement preparation and review for businesses in a wide variety of fields
  • Tax and information return preparation
  • Tax and specialized business improvement planning
  • Tax return preparation and review
  • Estate and gift tax returns for individuals
  • Tax planning
  • IRS and state audit representation
  • Personal financial statements