HighDrive NetworkHighDrive NetworkHighDrive NetworkHighDrive Network
  • Programs
    • The BusinessMakers
    • The EnergyMakers
    • HXTV
    • HealthMakers
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • Business Builders
    • Brandonomics
    • Women Mean Business
    • Biz Moments
  • About HighDrive
  • Contact

Frank Landreneau – International tax director

Entrepreneur's Playbook | Episode: 687 | Guests: Frank Landreneau | 0
Entrepreneurs with middle market pass-through entities are subject to the new tax laws too, but most are not fully aware how. Jen visits with Frank Landreneau, one of PKF Texas’ international tax directors.

Jen:  This is the PKF Texas Entrepreneur’s Playbook.  I’m Jen Lemanski and I’m back again with Frank Landreneau, one of our international tax directors.  Frank welcome back to the Playbook.

Frank:  Thanks Jen, it’s great to be back.

Jen:  We spent some time talking about tax reform and how it impacts international corporations and individuals, but what about entrepreneurs and middle market groups using pass through entities?  Is there anything they should be focusing on?

Frank:  That’s a good question because before while we were focusing on the tax law themselves, what’s interesting is that the tax law treats different tax payers differently.  So for example, as we talked in previous segments the new tax law severely favors corporate tax payers.  Not so much for those who are doing business through entities such as partnerships, s corporations, which really kind of represents most of the entrepreneurs out there.

One of the things that’s top of mind because of the new proposed regs that came out earlier is the new toll tax; for example how is it computed and so forth.  So things to keep in mind are that the toll tax inclusion amount is determined at the entity level, and so an entrepreneur would get several different K1s from different entities with the inclusion amount and so forth.  But it’s up to the individual owner to make certain tax selections, to report the amount; all those kinds of things which are very timely because all of this has to be done by October 15th.

Jen:  So does the individual need to know anything about the toll tax or is it really for those entrepreneurs?

Frank:  Really the entrepreneurs, but the entrepreneurs as tax payers are the individual and the pass through entities are the entities they do business from, but all of these different things have to be done at the owner level, at the individual level.

Jen:  It sounds like they’ll need to give you a call to help them with some of their structuring then.

Frank:  Definitely.

Jen:  Perfect, we’ll get you back to talk about that.

Frank:  All right, thank you.

Jen:  Thanks.  To learn more about other international topics visit PKFTexas.com/internationaldesk.  This has been another Thought Leader Production brought to you by PKF Texas The Entrepreneur’s Playbook.

brought to you by

Recent Entrepreneur's Playbook Episodes

The Impact of M&A on Employee Benefit Plans

The Impact of M&A on Employee Benefit Pl...

Kristin Ryan, CPA, and Jen Lemanski discuss merger and acquisition (M&A) activities and the ...
Entrepreneur's Playbook
More on the SECURE Act and CARES Act

More on the SECURE Act and CARES Act

Jen Lemanski and Kristin Ryan, an audit senior manager and one of the faces ...
Entrepreneur's Playbook
Navigating Through PPP Loan Forgiveness

Navigating Through PPP Loan Forgiveness

Keeping up with the PPP Loan Forgiveness program can be a tough challenge. In ...
Entrepreneur's Playbook
What are Outsourced Controller and CFO Services?

What are Outsourced Controller and CFO Servic...

If your company needs a skilled financial professional without the burden of a full-time ...
Entrepreneur's Playbook
Management Operation Agreements – Locally and Globally

Management Operation Agreements – Locally and...

Management operation agreements are next in our series on PKF Texas’ Contract Compliance services ...
Entrepreneur's Playbook
Red Flags in Licensing and Royalty Audits

Red Flags in Licensing and Royalty Audits

Our series on PKF Texas’ Contract Compliance services explores licensing and royalty audits for ...
Entrepreneur's Playbook
Loading...
© HighDrive 2018-2019 | All Rights Reserved
  • About HighDrive
  • Charlotte, NC
  • Columbus Ohio
  • Contact HighDrive
  • Fort Lauderdale
  • HighDrive Network
  • HighDrive Network
  • HighDrive Network
  • HighDrive Programs
    • Biz Moments
    • Brandonomics
    • Business Builders
    • BusinessMakers USA
    • Entrepreneur’s Playbook
    • HealthMakers
    • HXTV
    • The BusinessMakers
    • The EnergyMakers
    • Women Mean Business
  • HighDrive Weekly
  • Indianapolis Indiana
  • Kansas City
  • Milwaukee
  • Nashville
  • Oklahoma City
  • Raleigh NC
  • San Antonio
  • Seattle
HighDrive Network