Originally from Texas, James Scott, Jr. graduated with honors from the University of Baltimore with a bachelor’s degree in accounting.  He began his career with the U.S. Marine Corp, earning the rank of sergeant.  After the Marines, he joined the large international accounting firm of Ernst & Young.  In 1990 James co-founded Penan & Scott, P.C. 

Today, James is a co-founder and senior principal of Penan & Scott, P.C. James advises government contractors and businesses of all sizes, including Medicaid service providers, real estate investors and general contractors on all types of tax and financial issues. He has significant experience with auditing financial statements of closely held companies, structuring complex corporate and individual tax transactions, and negotiating financing for closely held businesses.   

James is a member of American Institute of Certified Public Accountants, Maryland Association of Certified Public Accountants, Greater Washington Society of Certified Public Accountants, Texas Society of Certified Public Accountants, and Virginia Society of Certified Public Accountants.   

In his spare time, he enjoys collecting African American art, travel, exercise, attending sporting events, and, most recently, golf. James resides with his wife, Terri, in Ellicott City, Maryland and is the proud father of two adult sons, Jason and Jereme.