MEGAN J. WHITLOCK CPA

Megan has more than 20 years of public accounting experience. Her industry focus includes energy, real estate, and private equity. She works closely with the firm’s tax teams on partnership issues.

Prior to joining Schneider Downs, Megan worked in the national tax office of both Big Four and Mid-tier firms, advising clients on compliance, mergers, acquisitions, disguised sale analysis, allocations and calculations related to section 704(c) and 743(b), partnership agreement interpretation, and wrote multiple memorandums and opinions related to partnership transactions.  She is a frequent speaker and author on technical tax topics.

Professional and Community Involvement

Member—American Institutes of Certified Public Accountants

Member—AICPA, Beneficial Ownership Information Task Force

Member—Texas Society of Certified Public Accountants

Board Member—Boys and Girls Club of Greater Tarrant County, Club Council

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Do you have a hobby/personal passion? 
I love riding horses with my kids and spending time with our dogs and cats. I’m also passionate about learning new cultures, skiing, and finding quiet moments to enjoy a good book—all of which are made even better by a great cup of coffee.

What was the best advice you’ve ever received? 
Be on time. It doesn’t need any context or situation, it’s just always applicable.

Who is your role model?
My grandmother.

What was your childhood dream?
As a kid I always dreamed of becoming a veterinarian and being surrounded by animals. When I used to play Barbie as a little girl, she was always a veterinarian who owned a ranch and had a full stable of horses.

People would be surprised to know that I…
Am still the same outdoorsy girl who loved playing in her grandparents recycling yard filled with scrap parts from oil and gas wells, and played the violin, First Chair, in her junior high school orchestra.

What is the best or most interesting thing about your career? 
Watching the lifecycle of tax codes—from their initial concept to their codification into law and their evolution through amendments and issuing of tax regulations. They take on a life of their own and become like old friends once you have seen them through from proposals to law.

What was your first job? 
Lifeguard

Do you have a “motto”? (spoken or unspoken)
Facts don’t have feelings, but people do. Balance your message so it’s not only heard, but also well-received.

When you have an hour of free time, what do you like to do? 
Enjoying a book, a blanket, and a quiet room.

Do you have advice for young professionals?
Never pass up an opportunity to learn something new, even if you feel it may be outside your comfort zone. It can really set you apart from others in the future.

Our Thoughts On

FEATURED

Big Problem: High Tax Burden For Family-owned Franchisor.


Big Thinking: Comprehensive Planning For A 15% Tax Reduction.

A tax shareholder with more than 25 years of private and public accounting experience, CHRIS MCELROY joined Schneider Downs in 2017 and advises clients in diverse sectors, including consumer products and retail, healthcare, and manufacturing and distribution. Chris' team went to the aid of a family-owned retailer/franchisor that needed to reduce its tax burden to better align with the long-term vision for the business. Schneider Downs' shareholder-led service model positioned the team to have a sophisticated understanding of the client's objectives and leverage opportunities afforded by the Tax Cuts and Jobs Act. "We helped the client implement a structure to get requisite cash flows to the owners while taking advantage of favorable corporate tax rates, non-U.S. tax planning, and other tax provisions such as QBI and FDII,” said McElroy. “We were able to reduce their overall annual global tax burden by nearly 15% as a result." Schneider Downs provides Big Thinking and Personal Focus in delivering a variety of services for large and small businesses, both publicly and privately held, as well as nonprofit organizations, government entities and more. Through our commitment to thought leadership and knowledge management, we deliver the solutions our clients need with a personal commitment to service.

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