Shellee Callahan, CPA

Principal

Salina, KS

3030 Cortland Circle Salina, KS 67401

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As head of K·Coe Isom’s tax function, Shellee Callahan leads the charge firmwide for uncovering growth and tax-saving opportunities for progressive companies and the families who own them.

With more than 15 years of accounting experience, Shellee also offers business management and tax strategies, and oversees business financial statement and audit services to a range of manufacturing businesses. As businesses mature or the owners’ needs change, she involves the firm’s estate planning specialists who, working closely with Shellee, assist companies as they approach a transfer in ownership.

Shellee’s extensive knowledge of tax rules and her keen business insights enable her to identify benefits from various tax programs. For example:

  • Increasing working capital by $7.5 million for an ethanol manufacturer through a cost-segregation study that accelerated depreciation on its new multi-million dollar plant.
  • Advising a manufacturer on how to qualify for applicable state-tax incentives that increased their profits by $3.5 million over five years.
  • Creating about $1 million in additional working capital for an agricultural equipment manufacturer through previously untapped export incentives.

As the daughter of a business owner, Shellee learned early on about the challenges that entrepreneurs face, and the importance of sound accounting and financial management. Working for a manufacturer while she attended college gave her a solid understanding of inventory management, behind-the-scenes analysis, and day-to-day decision-making that most outside accountants never see. Due to her background, Shellee sees business issues from the owner’s vantage point, effectively identifying and communicating improvements, savings, and untapped growth opportunities.

Industry Areas

Manufacturing

Mentions and articles by Shellee

What to Expect from Your Accountant this Tax Year

K·Coe Editoral | November 28, 2018

The 411 for Farmers & Ranchers Many farmers and ranchers stand to benefit from tax law changes brought about by 2017’s Tax Cuts and Jobs Act (TCJA). Numerous changes have been made in the areas of accounting rules and depreciation. […]

farm lease fsa

Extra Tax Prep Needed for 2018 Filing Season

K·Coe Editoral | November 9, 2018

Significant Tax Changes Impact Flow-through Entities and Individuals Following the monumental tax reform passed last December, the 2018 tax year will provide significant changes for flow-through entities and individuals.  While many of these changes can result in opportunities, they will […]

Look Before You Leap on Tax Conversions

K·Coe Editoral | October 18, 2018

Lower Tax Rates for Conversions May Not Deliver the Most Advantages The flashy headlines around the lower tax rates as part of the new tax code are not always cut-and-dry, and businesses need to take a deep-dive look at the […]