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Jane Scaccetti, CPA, MT, PFS

Jane Scaccetti, CPA, MT, PFS
Partner & Firm Ambassador

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Education
Temple University, cum laude, BA
Villanova University, MT

Jane Scaccetti, CPA, MT, PFS

Tax Warrior Profile

Jane Scaccetti is Firm Ambassador and Chief Story Teller for Drucker & Scaccetti. At the end of 2021, Jane stepped down as CEO of Drucker & Scaccetti, which she helped create in 1990. Her career started with the national accounting firm of Laventhol & Horwath, where in 1987 she became the first woman tax partner of any international firm in Philadelphia.

Jane has proven expertise in family business consulting, famly wealth issues and board governance.  She is a member of the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants.

Jane has extensive governance experience having served on publicly reporting company boards since 1992. She currently serves on the boards of:

  • Penn National Gaming, Inc (NASDAQ: PENN). There she chairs the Audit Committee and serves on the Compliance Committee.
  • Mathematica Policy Research, where she is Chair of the Board.

On each of the public filers, she qualifies and is identified under the SEC rules as the “audit committee financial expert.” She served on the boards of three companies that entered transactions to sell or ‘go private,’ was a board member when three different activists at different times expressed interest in the company and eventually negotiated seats on the board. As a Board member and the Audit Committee chair, she helped govern after a ‘broken deal’ when an agreement to sell the company was terminated and a significant breakup fee was paid to the company. She has sat on multiple CEO Search Committees, twice chaired a Special Litigation Committee to review a corporate transaction and was a member of a Special Real Estate Committee to determine the best use of company real estate. Also, as Audit Committee Chair, she conducted numerous ‘whistle blower’ investigations and governed through the transition of interim-to-permanent CEO situations.

Her prior board experience includes:

  • Myers Industries, Inc (NYSE: MYE), chairing the Audit Committee and serving on the Governance Committee from 2016-2021.
  • The Pep Boys (NYSE:PBY) chairing the Audit Committee and serving on the Governance Committee from 2002-2016. 
  • DiGiorgio Corporation (DGI) chairing the Audit Committee chair and serving on various ad-hoc Strategic Planning Committees from 1994-2006.
  • Nutrition Management Services Company (NMSCA) chairing the Audit Committee from 1992-2009.
  • Keystone Health Plan East (KHPE) serving as the independent director of the for-profit Health Maintenance Organization (HMO) of Independence Blue Cross 1998-2008.
  • The University of the Arts (U Arts) Jane served as the independent director and remained as an advisor to the Finance Committee until 2008.  
  • First Penn Bank where she served on the board for 10 years serving on various planning committee and was active in mergers/acquisitions and their conversion from a mutual company to a bank. She also chaired the Audit and Finance Committees.

Her current civic and community service includes:

  • Temple University since 2008 where she serves as a trustee and on various committees including the Executive Committtee and Chair of the Audit Committee.
  • The Philadelphia Foundation since 2020.
  • Philadelphia Center City District Foundation since 2018.
  • The Women’s Nonprofit Leadership Initiative (WNLI) since 2012; a group of more than a dozen Philadelphia area women leaders in the nonprofit sector working on increasing diversity in the nonprofit sector, specifically the ‘Meds and Eds.’

Her past civic roles included Trustee of Salus University, where she chaired the Health Services Committee and Finance Committee until 2020. Jane served as Chair of the Board of Temple University Health System for 5 years from 2008-2013 and served as a member of the Board of Directors chairing the Finance and Investment Committee until 2018. She was also Chair of the Board at Temple University Hospital where she served until 2018.

Other past civic roles include: Philadelphia 2016 DNC Host Committee; Mayor Rendell's 1992 Transition Team, and the Committee for Judicial and U.S. Attorney Nominations for the Eastern District of PA (1993-95).

From 1990-92, Jane was a full-time professor at Temple University, teaching taxation in the master’s program and managerial accounting as part of the undergraduate curriculum.

Her contributions have been recognized over the years. In 2019, Temple University honored Jane as among the top 100 entrepreneurs and visionaries who helped shape the Fox School of Business. Jane also received the Breath of Life Award from the Cystic Fibrosis Foundation recognizing her years of dedication to healthcare in our region. In 2017, Jane was selected as one of 20 Most Admired CEO’s in Philadelphia by the Philadelphia Business Journal. In 2017, Accounting Today recognized Jane nationally as an Elite Managing Partner. In 2017 and 2016, respectively, Jane was recognized as a Top Woman in Business to Watch, and as a Top CEO by Philly Biz magazine. She is the 2016 recipient of the Take the Lead Award from the Girl Scouts of Eastern PA; 2014 Temple University Hospital Diamond Award, 2013 inaugural recipient of the Philadelphia Business Journal Outstanding Directors Award.  In 2006 Jane was given the PA Best 50 Women in Business Award, and the Pinnacle Award. Jane was honored by the Philadelphia Business Journal as a Women of Distinction Award in 2010.

 

WEBINARS & PODCASTS:

Tax Warrior Perspectives - Host - 4 Episodes, 2021

Family Business/Wealth Transitions to the Next Gen: Values are Key - October 22, 2019

ARTICLES/BOOKS:

IRS Allows PA and NJ Residents Hurt by Hurricane Ida Until Jan 3 to file - Philadelphia Inquirer, October 13, 2021

Leading from the Edge (Author: Anthony Zecca) - As a quoted contributor - Released August 2021

Philadelphia Business Leaders Share Top Priorities for the Biden Administration - Philadelphia Business Journal - November 12, 2020

Power Moves: Philadelphia Foundation Names New Board Chair and Adds Three New Members - July 2020

Jane Scaccetti Appointed Chair of Board of Directors - July 2020

If Student Loans Were Canceled? Great, But You May Still Owe Taxes on That Debt - Philadelphia Inquirer, June 24, 2019

Meet The Faces of Fox-Jane Scaccetti - Fox Business School's Centennial Honorees, April  2019 

Improving Efficiency and Effectiveness with Lean Six Sigma - Boomer Consulting, January 3, 2019

Different for the Sake of Being Better - LinkedIn Pulse, October 19, 2018

A Trump tax break for investors in some of Philly's hottest neighborhoods - Philadelphia Inquirer, September 24, 2018

3 Steps to Improve Your Company's Culture--at No Cost (Subscription Required) - Philadelphia Business Journal, August 2, 2018

Listen for the Whistle - LinkedIn Pulse, April 11, 2018

Tax Bill's Ambiguity Increases Investors' Litigation Risk (Subscription Required) - Law360 Tax Authority, November 17, 2017

Threat of New 401(k) Limits May Upset Investment Industry (Subscription Required) - Law360, October 25, 2017

The 2017 Accounting Today Managing Partner Elite - Accounting Today, October 3, 2017

Philadelphia Toxic Tax - And It's NOT the Wage Tax - Philadelphia Business Journal, July 27, 2017

Details and Nuance Matters, President Trump...Tax Planning Without Details - LinkedIn Pulse, June 1, 2018

Axing Carried Interest Tax Perk May Create New Loopholes (Subscription Required) - Law360, May 2, 2017 

A Seat at the Dinner Table: A Firm Tradition Continues - LinkedIn Pulse, April 6, 2017

Women on Boards and in C Suites - "No Thanks, We Already Have One..." - LinkedIn Pulse, June 30, 2016

Drucker & Scaccetti's 'Tax Warrior" Creed Provides a Hero's Mindset - Accounting Today, April 8, 2016

The Most Revered of Family Traditions...Drucker & Scaccetti Style - LinkedIn Pulse, April 7, 2016

15 Women to Watch - PhillyBiz, February 2016

2014 Taxes Not Filed Yet? Read On... - LinkedIn Pulse, August 25, 2015

Not Your Parent's Firm: Radically Reinventing Performance Reviews - LinkedIn Pulse, August 4, 2015

TELEVISION/VIDEO APPEARANCES:

READ the transcript of Jane's 6-part video on leadership and growth (Video no longer available online)

SEE JANE in the Acres of Diamonds video by Temple Health 

SEE JANE featured in a PICPA video on entrepreneurship 

SEE JANE on Money Matters TV

LISTEN TO JANE on Executive Leaders Radio

SEE JANE discuss the role of Board members

SEE JANE discuss succession planning

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