Paul C. Lau

CPA, CMA, CFM, CrFA, MST, DABFA

Partner, Tax Services and International Services  

Paul Lau is a Tax Partner with Blackman Kallick. He serves as the firm's Director of Tax Research and Training. Paul concentrates in matters such as mergers and acquisitions, partnerships, S corporations, and U.S. aspects of international operations. Paul also specializes in structuring and restructuring Far East, Mexican, and European operations of U.S. companies and U.S. operations of foreign entities.

Paul is a co-author of "Tackling Taxes," a bimonthly column published in Taxes—The Tax Magazine. His columns include "Please Don't Take QSub Terminations Lightly," "Remember Code Sec. 894 (c) for "Fiscally Transparent" Entities, Part I," "Tackling Unsettled Issues in the Liquidation of an Insolvent Subsidiary," and "Tackling Gift Card Sales: Current or Deferred Revenue?" Paul also regularly provides practical analysis of new tax laws for CCH's tax legislation publication. In addition, he has authored and co-authored a number of articles on taxation and planning, which have appeared in publications including Taxes—The Tax Magazine, The Tax Adviser, Journal of Taxation, Mergers & Acquisitions, Journal of Corporate Taxation, Tax Strategies, Business Entities, and International Tax Journal. His articles include "A Guide to Foreign Investment in U.S. Property," "New Chinese Law Means Higher Tax to Do Business in China," "Structuring U.S. Operations for Foreign Corporations in the Current Tax Climate," "Restructuring Tax-Inefficient Foreign Entities of S Corporations," "Conversion of Consolidated Groups to S Status," "Forms of Overseas Operations, Part 1," "Planning for Foriegn Corporations Using Partnerships to Take the Plunge into U.S. Markets," and "Work Out the Best Tax Consequences for Debt Workouts."

He is a member of the AICPA, the Illinois CPA Society (the Society), the Institute of Management Accountants and The American College of Forensic Examiners Institute. Paul is also a member of the AICPA IFRS (International Financial Reporting Standards) Tax Task Force and the Society's Business Tax Committee. Previously, Paul was a member of the Society's Tax Executive Committee, the AICPA Partnership Technical Resource Panel, and the AICPA International Taxation Technical Resource Panel where he, along with others, developed the AICPA 2003 Practice Guide to International Tax Planning.

Paul was an instructor of CPE (Center for Professional Education) Inc. where he taught a full-day seminar in "Tax Implications of Buying and Selling a Business" and "Tax Minimization Strategies." He participated in speaking and panel discussion engagements on topics such as business mergers, acquisitions and reorganizations, and doing business in China. Paul was also with the United Sates General Accounting Office (GAO), predecessor of Government Accountability Office.  

Paul has a BS in Accounting and Finance from Southern Illinois University and an MS in Taxation from DePaul University. He is listed in Who's Who in America (2012).

Articles by Paul Lau

• China Raises Income Tax to 25%

News about Paul Lau

• Lau and Zhong's Form 8938 Tax Alert Published by ICPAS
• Lau and Lies Column, "Tackling Taxes," Published in Taxes—The Tax Magazine, December 2011
• Lau's "Income Deferral for Gift Card Sales" Published by ICPAS
• Lau and Lies Column, "Tackling Taxes," Published in Taxes—The Tax Magazine, October 2011
• Lau, Soltis and Stapleton Column, "Tackling Taxes," Published in Taxes—The Tax Magazine, August 2011
• Lau, Soltis and Stapleton Column, "Tackling Taxes," Published in April 2011 Taxes—The Tax Magazine
• Lau and Stapleton Column, "Tackling Taxes," Published in Taxes—The Tax Magazine, February 2011