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McGuire Sponsel
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Let's Talk Tax
"One Big Beautiful Bill" & R&D Tax Credits: What CPAs Need to Know
In this episode of Let's Talk Tax, host TJ Sponsel is joined by David Seibel, EA, a shareholder in the R&D Tax Credit practice, to discuss the impactful "One Big, Beautiful Bill" and its implications on the R&D Tax Credit. They delve into the new opportunities and challenges for small versus large taxpayers, risk mitigation strategies, and options for amending past returns. The conversation also addresses the significant changes for the 2025 tax season. Tune in for actionable insights and expert advice tailored for growth-minded CPAs and real estate professionals. Visit mcguiresponsel.com or connect with our R...
2025-07-24
24 min
Let's Talk Tax
Breaking Myths: Helping CPAs Embrace Location Advisory Services
In this episode of Let’s Talk Tax, host TJ Sponsel is joined by guest Ben Worrell, MBA, to address why many CPAs hesitate to engage in location advisory services and economic development incentives. They discuss common barriers, such as confusion about timing and fee structures, as well as misconceptions that these services are exclusive to Fortune 500 companies. The conversation offers strategic insights for CPAs and business owners, examining the tangible benefits of these services, the importance of proactive planning, and the value of advocating for clients.Tune in for practical advice on navigating and demysti...
2025-07-18
26 min
Let's Talk Tax
From Tariffs to Trust: Guiding Manufacturers Through the Specialty Tax Terrain
In this episode of Let’s Talk Tax, host TJ Sponsel is joined by Keith Habel, CPA/PFS, a shareholder at Honkamp, to discuss how manufacturing firms can navigate tax strategies in 2025. They delve into what makes manufacturing clients unique, current pain points, and planning opportunities such as R&D tax credits, IC-DISC, tariffs, and fixed asset strategies. They also explore state and local incentives, real-world examples, and specialty planning support from firms like McGuire Sponsel. Whether you are a CPA with manufacturing clients or a business leader planning ahead to 2026, this episode offers practical insights and proactive advice....
2025-07-10
33 min
Let's Talk Tax
Bonus Episode: Breaking Down the "Big Beautiful Bill"
In this bonus episode of Let’s Talk Tax, host Dave McGuire welcomes Jerry Hammel, CPA, for a timely breakdown of the sweeping new tax legislation known as the “Big Beautiful Bill.” Signed into law just days ago, this bill brings long-awaited changes to bonus depreciation, Section 174 expensing, and other key areas that impact tax planning for businesses of all sizes.Dave and Jerry discuss how the return of 100% bonus depreciation reshapes capital investment strategies and why the finalized rules around Section 174 demand immediate attention—especially for taxpayers who failed to properly treat R&D expenses i...
2025-07-09
22 min
Let's Talk Tax
TCJA Sunset & International Planning: Modeling What Comes Next
In this episode of Let’s Talk Tax, guest host Jerry Hammel, CPA, is joined by Greg Lambrecht, CPA, and Jason Rauhe, CPA, for a timely discussion on the future of international tax planning as we approach the potential sunset of the Tax Cuts and Jobs Act (TCJA).They walk through the international provisions introduced by TCJA—Section 965 transition tax, GILTI, FDII, and Section 245A—and examine how possible changes to corporate tax rates could impact planning strategies going forward. The conversation highlights the critical role of modeling and scenario analysis in navigating these evolving rules and st...
2025-07-03
18 min
Let's Talk Tax
The Hidden Burden: Breaking Down Section G of Form 6765
In this episode of Let’s Talk Tax, host Jerry Hammel, CPA, sits down with David Seibel, EA — a shareholder in McGuire Sponsel’s R&D Tax Credit Services Practice — to unpack the new reporting requirements for Form 6765, with a deep dive into the implications of Section G.They explore what’s changing in 2025, what it means for taxpayers and CPAs, and how firms can stay ahead of added compliance burdens. From automation strategies to professional guidance, Jerry and David share actionable insights to help you avoid IRS pitfalls and prepare with confidence.As always...
2025-06-26
28 min
Let's Talk Tax
Bonus vs. Section 179: Maximizing Depreciation Strategy in 2025
In this episode of Let’s Talk Tax, host Tim LeMasters is joined by Dave McGuire, shareholder and co-founder of McGuire Sponsel, to unpack the complexities of bonus depreciation and Section 179 expensing. Together, they explore the historical background, current rules, and what’s on the horizon for depreciation planning—especially in light of the Tax Cuts and Jobs Act of 2017 and potential updates under the proposed “Big Beautiful Bill.”Whether you’re advising clients on fixed assets or planning for 2025, this conversation offers practical insights and real-world examples to help CPAs and real estate professionals build e...
2025-06-24
24 min
Let's Talk Tax
Deals, Dirt & Dollar Signs: Inside Today's CRE Game
In this episode of Let’s Talk Tax, host Justin Gephart breaks down what business owners need to know about today’s commercial real estate (CRE) market. He’s joined by CRE expert Mike Semler and McGuire Sponsel Relationship Manager Chad Collier for a timely discussion on key trends—from the effects of remote work and rising interest rates to shrinking lease footprints.They also explore why engaging a broker early matters, the realities of construction costs, and the creative incentives shaping modern deals. Tune in for expert insights and practical strategies to help clients navigate a shiftin...
2025-06-12
22 min
Let's Talk Tax
R&D Tax Credits & the One Big Beautiful Bill: Understanding Amortization and Proactive Planning
In this episode of Let’s Talk Tax, guest host Jerry Hammel, CPA, sits down with David Seibel, EA, Shareholder of McGuire Sponsel’s R&D Tax Credit practice, to discuss the “One Big Beautiful Bill”—a sweeping piece of legislation that has passed the House but still awaits action in the Senate. The bill proposes to restore immediate expensing for R&D costs under Section 174 for tax years 2025 to 2029, reversing the amortization requirement that’s been in place since 2022.Jerry and David break down what this means for CPAs, including the importance of proactive planning for both the r...
2025-06-05
21 min
Real Estate Tax Playbook
Property Tax Appeals and Tax Legislation: Strategies for Real Estate Professionals
In this episode of the Real Estate Tax Playbook, host Evan Ross welcomes David McGuire and Justin Gephart from McGuire Sponsel to discuss property tax assessment appeals and upcoming tax legislation. The conversation explores when and how real estate owners should challenge assessments, valuation methods that lead to successful appeals, and how changing economic conditions create tax-saving opportunities. The trio also covers potential federal tax changes affecting real estate planning, while sharing their mutual appreciation for fine bourbon.A Proactive Advisor in Tax StrategyBrown Edwards tax advisors take a proactive approach to...
2025-06-05
40 min
Let's Talk Tax
Property Tax & Vacancy Rates: How to Strengthen Appeals for Clients in a Rebounding Market
As businesses continue returning to physical office spaces, commercial vacancies are reshaping property tax assessments across the country. In this episode of Let’s Talk Tax, hosts Tim LeMasters and Justin Gephart sit down with Property Tax Consultant Tanner Cox to explore how shifting occupancy trends are creating new opportunities—and challenges—for property tax appeals. They unpack how vacancy rates influence valuations, walk through the three primary approaches to property assessment (cost, market, and income), and share real-world insights from states like Texas and Florida. The discussion also covers must-have documentation for successful appeals, how natural disasters can alter assessm...
2025-05-30
23 min
Let's Talk Tax
Tariffs, Transfer Pricing, & Incentives: Turning Global Uncertainty into Strategic Opportunity
In this episode of Let’s Talk Tax, guest host Jerry Hammel, CPA, discusses planning opportunities in the current tariff environment with Jason Rauhe, CPA, and Ben Worrell, MBA, from their respective practices. They explore transfer pricing, Location Advisory, and how businesses can leverage these strategies amid tariff uncertainties. Essential listening for growth-minded CPAs and real estate professionals, the episode provides insight into mitigating risks, understanding the importance of timing, and identifying potential incentives without hefty investment. Join the conversation to learn how to turn global uncertainty into strategic opportunity.As always, check us out on ...
2025-05-22
22 min
Let's Talk Tax
Spotting Real R&D: How to Qualify Tax Credit Claims in Specialized Fields
In this episode of Let's Talk Tax, hosted by Tim LeMasters with guest Tanner Niehaus, CPA, the focus is on understanding what makes a client truly qualified for the R&D Tax Credit. The conversation delves into industry-specific qualifications, IRS guidelines, and the importance of proper documentation. They also cover common disqualifiers and red flags, touching on various industries like tech, government contracting, and bioscience. Additionally, the episode highlights the unique challenges and opportunities for startups, emphasizing the importance of utilizing R&D Tax Credits to offset payroll taxes. This informative discussion aims to help CPAs and real estate...
2025-05-15
23 min
Let's Talk Tax
How the New Administration is Reshaping Tax Policy
In this episode of Let's Talk Tax, host Dave McGuire and guest Jerry Hammel, CPA, discuss the first 100 days of the new administration and its impact on tax policy. They examine the changes in corporate tax law, potential tax reforms, and funding challenges under a balanced budget act. The conversation covers various proposals, including those related to R&D expenses, bonus depreciation, and the Child Tax Credit. They also explore the implications of tariffs, IRS workforce reductions, and the intricacies of tax planning. Tune in to gain insights into the evolving landscape of tax legislation and its effects on...
2025-05-08
24 min
Let's Talk Tax
What You Can Expect During Season 2
In this special episode of Let’s Talk Tax, hosts Justin Gephart and Dave McGuire discuss the impact of recent elections on tax legislation and potential opportunities for CPAs and real estate professionals in 2025. They cover topics like the expiring TCJA provisions, tariffs, state-level property tax discussions, and key legislative changes expected in the coming year. Justin and Dave also introduce the new format for Season 2, which includes guest panels featuring industry experts to provide real-world insights on the tax code’s impact. Tune in for a preview of the exciting changes and discussions in our upcoming season.
2025-05-01
15 min
Let's Talk Tax
Reflecting on Season 1
Join Tim LeMasters and TJ Sponsel in this special episode as they recap the highlights of Season 1 of Let's Talk Tax. They discuss the show's inception, the importance of providing technical resources to CPA firms, and how the season helped guide professionals through complex tax legislation. This episode also touches on memorable moments, such as the impactful conversations with Sarah Turner about leadership and people development. Looking ahead, Tim and TJ provide a sneak peek into the exciting plans for Season 2, including the introduction of external experts and the emphasis on continued technical excellence. Whether you’re a long-time li...
2025-04-24
20 min
Passive Cash Flow Podcast
How to Pay Less Taxes with Dave McGuire
Dave McGuire, Co Owner of tax firm McGuire & Sponsel, joins the show to explain how to pay less taxes using a cost segregation study, savvy tax planning, and long term tax strategy. If you are seeking to keep more of your hard earned money and pay less taxes, this episode is for you. Dave McGuire has years of experience helping people implement tax saving strategies that may be unknown to many.Dave McGuire, co-founder of McGuire Sponsel, is a leading expert on cost segregation, fixed assets, and depreciation law. He has reviewed real estate portfolios ranging in...
2025-04-04
32 min
Let's Talk Tax
Paths to Correction: Tackling 174 Amortization
In this episode of Let's Talk Tax, host TJ Sponsel welcomes back guest David Seibel, principal of McGuire Sponsel's R&D Tax Credit Services practice, to discuss the implications of IRC 174 amortization. They delve into the expected permanence of these regulations for the 2024 tax year, the likelihood of changes in 2025, and the potential impacts of retroactivity. Their conversation also explores corrective actions for CPA firms and clients who have yet to comply with IRC 174, providing crucial insights for navigating this complex landscape. Stay tuned to understand the balance between compliance and mitigation of tax burdens in the evolving tax environment...
2024-11-21
21 min
Let's Talk Tax
What Election Results Could Mean for Upcoming Tax Legislation
In this episode of Let’s Talk Tax, hosts TJ Sponsel and Dave McGuire are joined by guest Jerry Hammel to discuss predictions on tax legislation following the recent election. They explore the potential impacts of President-elect Trump’s policies, the Byrd Rule, and the challenges in making tax provisions permanent. The team covers key topics such as tariffs, the future of the TCJA, tax planning strategies for businesses, and the likelihood of changes to individual and corporate tax rates. They also touch on the importance of staying proactive in tax planning amidst a legislative environment filled with uncertainty. Tune in to...
2024-11-16
24 min
Generally Accepted Accounting Podcast
028 - Energy Incentives and Future Taxes with Dave McGuire
It’s part two of our conversation with Dave McGuire of McGuire Sponsel, our cost segregation partner! Last time was all cost seg all the time. This time, we talk about some of the new energy incentives, how businesses can utilize them, and discuss what could happen after the upcoming election (it doesn’t get political, promise). Energy incentives are always a hot topic that can get confusing. But Dave does a great job of providing examples and laying everything out in an easy-to-understand manner. Don’t believe us? Listen in to learn more! IRS’s Clean En...
2024-10-25
21 min
Let's Talk Tax
The Art of Site Selection: Key Considerations for Business Growth
In this episode of Let's Talk Tax, host Justin Gephart discusses site selection and its crucial role in business growth with guest Ben Worrell, a principal in McGuire Sponsel's Location Advisory Services. They explore the various factors influencing site selection decisions, such as workforce availability, utility rates, land accessibility, and local infrastructure. The discussion also covers the impact of energy resources, water issues, and labor force challenges on site selection. As states compete to attract businesses, Ben highlights the importance of incentives and the evolving role of community amenities. Additionally, they address international considerations and the complexity of site...
2024-10-10
14 min
Let's Talk Tax
From Policy to Practice: The Historical Landscape of Cost Segregation
In this episode of Let's Talk Tax, host Tim LeMasters discusses the history and intricacies of cost segregation with expert Dave McGuire. The conversation covers the evolution of cost segregation from its origins to its modern applications, highlighting pivotal moments like the Hospital Corp. of America v. Commissioner case that shaped current practices. Dave also provides insights on tax planning techniques, the role of REITs, land valuation issues, and common misconceptions. As tax laws continue to evolve, this episode provides valuable information for CPAs and real estate professionals to navigate the complexities of bonus depreciation and cost segregation. As a...
2024-10-04
23 min
Generally Accepted Accounting Podcast
027 - Fixed Assets and Cost Segregation with Dave McGuire
Today’s episode is part one of our conversation with Dave McGuire of McGuire Sponsel, our new partner that helps with cost segregation studies. We’re revisiting our very first episode about cost seg and depreciation to get into some more details. This is a great episode for businesses looking for ways to possibly increase their cash flow or decide if a cost segregation study is right for them. It’s also a heckuva an episode if you just like to nerd out about tax regulations or enjoy squirreling away knowledge not a lot of other folks have.
2024-09-27
35 min
Let's Talk Tax
174 Is Not Going Anywhere
In this episode of Let's Talk Tax, host TJ Sponsel welcomes back guest David Seibel, principal of McGuire Sponsel's R&D Tax Credit Services practice. They discuss the ongoing uncertainty surrounding Section 174 and its impact on CPAs and the R&D Tax Credit. Despite hopes for legislative changes, Section 174 amortization remains in place for the 2023 tax year, potentially extending to the 2024 tax year and beyond. David explains the implications of this, including compliance steps and documentation requirements for affected companies. They also touch on new compliance measures for the R&D Tax Credit in 2024 and offer insights and tips...
2024-09-26
21 min
Let's Talk Tax
Maintaining Culture in a Changing Environment
In this episode of Let's Talk Tax, host TJ Sponsel continues the conversation with guest Sarah Turner, president of Lumino Leadership, on the topic of people development. The discussion focuses on the importance of building, maintaining, and scaling company culture, emphasizing the critical role of consistent behavior and open communication. Sarah provides insights on understanding culture, the action trap, and the results pyramid. She illustrates the importance of support, coaching, and transparent conversations in nurturing a healthy organizational culture. TJ adds practical examples from McGuire Sponsel, highlighting the challenges and successes in sustaining a growth-oriented culture. Tune in for...
2024-09-19
22 min
Let's Talk Tax
Real vs Personal Property Tax Explained
In this episode of Let's Talk Tax, host Justin Gephart is joined by Craig Fouts, a principal in McGuire Sponsel's Fixed Assets practice. Together, they discuss the fundamentals of property tax, breaking down real property and personal property tax, and address common misconceptions. Craig shares insights into industries that should pay close attention to personal property tax and the significant tax savings that can be achieved through proper valuation and appeals. They also delve into the process, timelines, and administrative details necessary for successful appeals, emphasizing the role CPAs can play in ensuring accurate assessments and maximizing tax efficiency...
2024-09-12
16 min
Let's Talk Tax
Cultivating Leadership in CPA Firms
In this episode of Let's Talk Tax, host TJ Sponsel is joined by first-time guest Sarah Turner, President of Lumino Leadership, to discuss the necessity of professional development within CPA firms. Sarah shares her unique journey from public accounting to becoming a leadership consultant and emphasizes the importance of developing dynamic leaders through customized training and coaching. Their conversation touches on the transition from technical training to holistic development, the role of organizational support in career growth, and the challenges and benefits of remote work environments. TJ and Sarah also highlight the significance of setting realistic expectations for employee...
2024-09-05
22 min
Let's Talk Tax
The IC-DISC Advantage: Maximizing Export Tax Savings
In this episode of Let's Talk Tax, host TJ Sponsel and guest Jerry Hammel, a shareholder at McGuire Sponsel, delve into the intricacies and benefits of the IC-DISC (Interest Charge Domestic International Sales Corporation) tax incentive. Their conversation covers the history and development of IC-DISC practices, the opportunities for tax savings through export transactions, and the calculation methods used to maximize benefits. They also address common myths about IC-DISC, the compliance requirements, and the potential impact of future tax law changes. Tune in to learn how manufacturers and exporters can leverage this often-overlooked area of tax law to improve...
2024-08-29
22 min
Let's Talk Tax
Strategic Growth in the Southeast for CPA and Real Estate Pros
In this episode of Let's Talk Tax, host Tim LeMasters is joined by Mike Hammel, MAcc, a relationship manager at McGuire Sponsel. They delve into the burgeoning industries across the Southeast, focusing on government contracting, real estate development, and international investment. Mike shares his journey at McGuire Sponsel and discusses the strategic opportunities and challenges faced by CPAs in the region. They also highlight the impact of private equity, M&A activities, and the significant role of international tax structuring. Tune in to gain insights on navigating the dynamic Southeast market. As always, check us out on YouTube, ...
2024-08-22
21 min
Let's Talk Tax
State-specific Location Advisory Compliance
In this episode of Let's Talk Tax, host Justin Gephart and first-time guest Emma Coney delve into the intricacies of compliance with state and local incentives for businesses. Compliance with these incentives is crucial, as over 50% of award claims fail due to non-compliance. They provide examples of unique incentive requirements from states like Indiana, with increased oversight from the IEDC and Missouri’s Works Program, which includes health insurance coverage conditions. Featuring insights on job growth, automation investments, and the impact of mergers and acquisitions, this discussion provides a comprehensive guide for optimizing and safeguarding business incentive strategies. ...
2024-08-15
22 min
Let's Talk Tax
IRC 41 & 174 Uncertainty: What Every CPA Should Know
In this episode of Let's Talk Tax, host TJ Sponsel and first-time guest Garrett Duffy delve into the technical distinctions between Sections 174 and 41 of the tax code. They discuss the challenges CPAs face when advising clients on these R&D tax credits, the misconceptions surrounding them, and the industries most affected. Tune in to gain insights on how to navigate these complex regulations and the broader implications for small and large businesses alike. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, August 15th, for the next Let's Talk Tax episode featuring Justin Gephart and Emma Coney!
2024-08-08
18 min
Let's Talk Tax
Evolution of Real Estate Trends & Tax Implications
This week on Let's Talk Tax, host Tim LeMasters is joined by Dave McGuire, a shareholder at McGuire Sponsel, to delve into the intricacies of tax planning and real estate trends. Drawing from his 26 years of experience in depreciation and cost segregation, Dave covers the evolution of real estate markets, the impact of changing interest rates, and the opportunities presented by distressed properties. They also discuss the significance of opportunity zones, current tax implications, and the benefits of maximizing deductions and utilizing various tax credits, including those from the Inflation Reduction Act. Tune in for a thorough exploration of...
2024-08-01
32 min
Let's Talk Tax
Strengthening Client R&D Tax Credit Claims: Key Areas Often Overlooked
This week on Let’s Talk Tax, host TJ Sponsel welcomes first-time guest Audrey Carnall, a senior tax consultant at McGuire Sponsel, to discuss the intricacies of R&D tax credit documentation. Audrey provides valuable insights on the fieldwork process, new requirements from the IRS, and how companies can better prepare for upcoming changes. This episode delves into the importance of proper documentation, the challenges faced by various industries, and the benefits of on-site fieldwork for clients. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, August 1st, for the next Let's Talk Tax episode featuring Tim LeMasters and Dave McGuire!
2024-07-25
20 min
Let's Talk Tax
Identifying Growth Opportunities in Manufacturing & Other Industries
This week on Let’s Talk Tax, host Tim LeMasters and guest Reid Pittard, Relationship Manager in McGuire Sponsel's Location Advisory Services, discuss identifying credit and incentive opportunities for clients. Reid shares insights on compliance complexities, timelines, and key triggers for leveraging economic development incentives across various industries. Learn about real case studies and the critical steps CPAs and real estate professionals should consider when helping clients tap into these financial opportunities. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, July 24th, for the next Let's Talk Tax episode featuring Tim LeMasters and Dave McGuire!
2024-07-18
24 min
Let's Talk Tax
Is Your Firm Built Properly to Scale International Tax?
This week on Let's Talk Tax, host TJ Sponsel and guest Greg Lambrecht discuss strategies for building a successful international tax practice. This episode covers the history and growth of McGuire Sponsel's Global Business Services practice, common challenges CPAs face with international tax compliance, and the importance of transfer pricing. Learn about the pitfalls and myths surrounding international tax forms, compliance, and how to support client relationships effectively. Greg shares his insights and real-world examples from his extensive experience in public accounting and international tax. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thu
2024-07-11
24 min
Let's Talk Tax
Common Misconceptions of Cost Segregation
This week on Let's Talk Tax, host Dave McGuire and first-time guest Craig Fouts discuss common misconceptions about cost segregation. Craig, a Principal in McGuire Sponsel's Fixed Assets practice, explains how cost segregation is more than just a timing difference and can be highly beneficial in today's economic climate of high interest rates and capital concerns. They dive into the details of how and when to apply cost segregation, its impact on audits, and the importance of collaborating with an expert. Whether you're a seasoned CPA, a real estate professional, or a newcomer, this episode offers invaluable insights into...
2024-06-27
17 min
Let's Talk Tax
Building Trusted Partnerships
This week on Let's Talk Tax, host Tim LeMasters and returning guest Jerry Hammel, a seasoned CPA with over 30 years of experience, delve into the importance of building successful and trusted partnerships in the realm of tax services. Their discussion focuses on the strategies and due diligence required to find and collaborate with specialty providers, using cost segregation as a primary example. Jerry shares his vast knowledge on how to evaluate potential service providers, the importance of marrying engineering with tax knowledge, and the value of long-term professional relationships. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit ...
2024-06-20
20 min
Let's Talk Tax
Technology Trap Doors and the R&D Credit
This week on Let's Talk Tax, host TJ Sponsel is joined by guest Richie Abedin, a Senior Tax Consultant specializing in R&D tax credits for technology-minded clients. They discuss the intricacies of the R&D tax credit, especially as it relates to artificial intelligence (AI) and other emerging technologies. Key topics include the differences between automation and AI, the nuances of qualifying research activities, and the myths surrounding R&D and software development. The episode also delves into industry-specific scenarios like managed IT providers, SaaS providers, and companies investing in dual-purpose technology. Richie provides expert insights on what...
2024-06-13
23 min
Let's Talk Tax
Building Portfolios Through Specialized Expertise
This week on Let's Talk Tax, host Tim Masters is joined by guest Jerry Hammel to discuss the evolving role of CPAs in current market trends. Jerry shares insights from his 38-year career working with closely-held businesses, emphasizing the importance of understanding clients' operations to offer strategic tax services. They explore challenges faced by modern CPAs, especially in a fast-paced, post-COVID world, and the impact of private equity in the industry. Jerry also provides valuable tips for emerging CPAs on building technical expertise and effectively using specialty tax services to add value for clients. The discussion highlights strategies for...
2024-06-06
31 min
Let's Talk Tax
How Tax Planning Works in a Challenging Real Estate Environment
This week on Let's Talk Tax, hosts TJ Sponsel and Dave McGuire discuss leveraging tax planning in the current challenging real estate climate. They delve into the Inflation Reduction Act's impact on tax credits, the nuances of 179D deductions and 45L credits, and optimizing property tax assessments to offset financial pressures. Their discussion also highlights the benefits and application processes for USDA REAP Grants and solar credits, detailing how to capitalize on these opportunities in 2024 and beyond. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next T
2024-05-30
29 min
Let's Talk Tax
Why CPA Firms Avoid International Compliance
This week on Let's Talk Tax, host Tim LeMasters and guest Jason Rauhe discuss the complexities and increased scrutiny in international tax compliance affecting CPA firms and real estate professionals. They touch on why CPA firms are hesitant to handle global tax issues, the daunting nature of compliance forms like 5471 and 5472, the shift from consulting to compliance focus, and the importance of accurate transfer pricing documentation to avoid hefty IRS penalties. They also explore how CPA firms and their clients can manage these challenges, the role of proactive consulting in identifying structuring opportunities, and the future landscape of international t...
2024-05-23
18 min
Let's Talk Tax
Comparing State and Federal R&D Tax Credit Opportunities
This week on Let’s Talk Tax, host TJ Sponsel and guest David Seibel discuss the numerous state R&D Credits that are available for taxpayers in addition to the federal R&D credit. These credits are meant to encourage and incentivize research activities within state borders. These state R&D Credits typically follow the requirements of the federal R&D Credit, but can often have key differences as it relates to qualification criteria, calculation methods, and processes for claiming the credit. On today’s episode, they discuss: What constitutes qualified research activities The...
2024-05-16
28 min
Let's Talk Tax
Negotiating Tools for Business Growth
This week on Let’s Talk Tax, host Justin Gephart and guest Ben Worrell discuss five key tools state and local governments use to promote growth for companies who are growing, expanding, or relocating. This episode explores the role of state and local governments in facilitating business growth and relocation, emphasizing the significance of timing, challenges, and other considerations involved in the process. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, May 16th, for the next Let's Talk Tax episode featuring TJ Sponsel and David Sei
2024-05-09
32 min
Let's Talk Tax
Navigating Transfer Pricing Documentation
This week on Let’s Talk Tax, Dave McGuire and guest John Bodur dive into transfer pricing documentation. The episode overviews the essential components, explores different types of documentation, reviews documentation best practices, and closes with a reminder for CPAs on how important transparent communication is when discussing transfer pricing strategies with clients and prospects. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, May 8th, for the next Let's Talk Tax episode featuring Justin Gephart and Ben Worrell!
2024-05-02
34 min
Let's Talk Tax
Roadmapping the R&D Tax Credit over the Last 18 Months
This week on Let's Talk Tax, hosts TJ Sponsel and guest Kyle Riddle overview the progression of the R&D Tax Credit over the last 18 months, including understanding where the credit started and all that CPAs have endured along the way. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, May 2nd, for the next Let's Talk Tax episode featuring Dave McGuire and John Bodur!
2024-04-25
31 min
Let's Talk Tax
Bonus Depreciation Q1 Update
This week on Let's Talk Tax, hosts Justin Gephart and Dave McGuire discuss the latest on bonus depreciation and break down its crucial role in tax planning. From understanding depreciation fundamentals, including its definition, purpose, and historical context, to exploring recent updates in eligibility criteria, our experts unravel the complexities surrounding this tax incentive. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, April 25th, for the next Let's Talk Tax episode...
2024-04-18
27 min
Let's Talk Tax
Why Technical Builds Trust in Partnerships
This week on Let's Talk Tax, hosts TJ Sponsel and Dave McGuire discuss McGuire Sponsel’s history, including how the firm’s technical expertise has led the firm to be a trusted partner to leading local and regional firms across the country. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, April 18th, for the third Let's Talk Tax episode featuring Justin Gephart and Dave McGuire!
2024-04-11
25 min
Let's Talk Tax
Why Let's Talk Tax? Unveiling Our Vision
This week on Let's Talk Tax, hosts Justin Gephart and Tim LeMasters unveil the vision for the podcast including a brief overview of McGuire Sponsel and what one another look forward to discussing in 2024. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Thursday, April 11th, for the second Let's Talk Tax episode featuring Dave McGuire and TJ Sponsel!
2024-04-04
21 min
Let's Talk Tax
Get to know Justin Gephart
🌟 Get to know Justin Gephart, Shareholder at McGuire Sponsel and one of our Let's Talk Tax hosts, on today's episode where Justin talks about his leadership path at the firm, how he plans to make Let's Talk Tax topics accessible to our CPA and real estate partners, and what motivates him outside of the office.
2024-04-02
10 min
Let's Talk Tax
Get to know TJ Sponsel
🌟 Get to know TJ Sponsel, co-founder of McGuire Sponsel and one of our Let's Talk Tax hosts, on today's episode where TJ talks about his path to specialty tax, how he aims to address questions CPAs and real estate professionals have churning in their minds, and a special mantra that drives McGuire Sponsel today.
2024-04-01
09 min
Let's Talk Tax
Get to know Tim LeMasters
🌟 Get to know Tim LeMasters, Director of Alliance Network at McGuire Sponsel and one of our Let's Talk Tax hosts, on today's episode where Tim discusses how he joined the firm, something impactful he found out early on in his career, and how the podcast will give sneak peeks into how growth-minded CPAs and real estate professionals can expand their capabilities.
2024-03-31
10 min
Let's Talk Tax
Get to know Dave McGuire
🌟 Get to know Dave McGuire, co-founder of McGuire Sponsel and one of our Let's Talk Tax hosts. On today's episode, Dave talks about his background, how he aims to simplify the complexity of tax legislation, and what he's most excited to discuss on Let's Talk Tax in 2024.
2024-03-30
09 min
Let's Talk Tax
Introducing Let's Talk Tax!
Welcome to Let's Talk Tax, a show for growth-minded professionals in tax. Whether you're crunching numbers in a CPA firm or managing real estate portfolios, we've got something for you. Our goal is to make tax concepts relevant, growth-minded, and, most importantly, understandable. Let's Talk Tax is designed for everyone, from entry-level associates to seasoned partners with clients seeking expert insights. So stay tuned, stay informed, and let's talk tax!
2024-03-19
01 min
McGuire on the Wire
McGuire on the Wire Episode 85
Principal David Seibel, EA, and Manager Garrett Duffy join this week's podcast to dive into the R&D Tax Credit and specifically dial in on qualified research expenditures. They define QREs, provide specific examples, and overview how McGuire Sponsel can help to identify, quantify, and substantiate these expenses.
2023-12-29
12 min
McGuire on the Wire
McGuire on the Wire Episode 83
Principal within our new Property Tax Services, Ken Zdrok, joins Managing Shareholder TJ Sponsel and Shareholder Dave McGuire to introduce property tax. They highlight key property tax targets, overview important dates when it comes to the property tax calendar, and discuss McGuire Sponsel's unique approach to supporting our alliance partners.
2023-11-01
14 min
McGuire on the Wire
McGuire on the Wire Episode 80
2023-09-15
12 min
McGuire on the Wire
McGuire on the Wire Episode 78
Relationship Manager Matt Bitter and Shareholder Justin Gephart join the podcast this week to discuss our recent rebranding to Location Advisory Services, why Location Advisory matters to brokers, identifying key growth triggers, and why McGuire Sponsel is the best partner for brokers.
2023-08-17
15 min
McGuire on the Wire
McGuire on the Wire Episode 74
Kelsey Brewer, McGuire Sponsel's Chief Marketing Officer, and Tim LeMasters, McGuire Sponsel's Alliance Director, join the podcast this week to discuss McGuire Sponsel's growth as a firm and the recent expansion to Phoenix.
2023-06-01
21 min
McGuire on the Wire
McGuire on the Wire Episode 71
Audrey Asfoor joins the podcast with TJ Sponsel this week to discuss her journey at McGuire Sponsel. She highlights her experience coming from a different industry, overviews her favorite projects thus far, and offers advice to recent college graduates.
2023-04-06
15 min
McGuire on the Wire
McGuire on the Wire Episode 68
Dave McGuire and Ben Worrell return to McGuire on the Wire to discuss cash grants and McGuire Sponsel's Credits and Incentives practice.
2023-02-01
21 min
The JMF Advisors Show
Cost Segregation with Dave McGuire of McGuire Sponsel
Jennifer and Bobby are joined by Dave McGuire to discuss cost segregation. David is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. He has reviewed real estate portfolios ranging in size from six-figure acquisition costs to billions of dollars in value and has provided cost segregation services for companies in a wide variety of industries. What is a cost segregation study? When acquiring, renovating or building real estate, most taxpayers tend to overstate the amount of 39-year real...
2022-11-16
33 min
McGuire on the Wire
McGuire on the Wire Episode 60
Manager Jamie Skerston from our R&D Tax Credit practice shares her journey at McGuire Sponsel and how she’s seen the R&D practice and team evolve over the past several years. Learn more about R&D Tax Credits Connect with Jamie
2022-09-29
10 min
McGuire on the Wire
McGuire on the Wire Episode 56
Shareholder Kyle Riddle joins Justin Gephart to talk about the firm’s R&D Tax Credit practice. He talks about the evolution of the team, discusses the current state of the R&D Credit, and shares more about McGuire Sponsel’s approach to R&D Tax Credit studies for our clients. Blog Series: Navigating the R&D Tax Credit Get in touch with Kyle
2022-07-21
17 min
McGuire on the Wire
McGuire on the Wire Episode 54
Relationship Manager Craig Wilhoit joins Justin Gephart to share his journey at McGuire Sponsel. He'll discuss what client challenges and successes he’s observed in 2022, and how his role shapes the firm’s position in the industry.
2022-06-23
12 min
McGuire on the Wire
McGuire on the Wire Episode 53
Justin Gephart sits down with Shareholder and Co-Founder TJ Sponsel to give a mid-year update on the firm. TJ shares how the firm is addressing recruiting and other similar challenges faced by our partner firms, employee development and retention, and discusses how we'll be supporting our partners as the firm continues to grow. Contact us.
2022-06-09
16 min
McGuire on the Wire
McGuire on the Wire Episode 43
In this week's episode, Justin Gephart talks with Recruitment Coordinator, Chelsea Carr, and Senior Analyst, Reid Pittard, to hear about our culture, recruiting, and what makes McGuire Sponsel a great place to work. Interested in a career at McGuire Sponsel? Contact Chelsea Carr or apply to our open positions.
2022-01-22
24 min
McGuire on the Wire
McGuire on the Wire Episode 39
Mike Dalman, Principal, has been on the McGuire Sponsel team since 2012. In his tenure, he has cultivated longstanding client relationships that have solidified McGuire Sponsel as the industry standard in specialty tax consulting. In this episode, Justin Gephart sits down with Mike to discuss the state of the firm and its evolution over the last 9 years, how he takes on challenging projects with his clients, and what he looks forward to in 2022.
2021-11-18
20 min
McGuire on the Wire
McGuire on the Wire Episode 34
In today’s episode, guest host Justin Gephart interviews McGuire Sponsel’s latest addition to our Credits & Incentives practice, Emily Poole. Emily and Justin talk about her background in economic development in Georgia, and her vision for growing client relationships and communities in the Southeast region.
2021-07-13
12 min
McGuire on the Wire
McGuire on the Wire Episode 32
In today's episode, Mike Hammel joins host Justin Gephart to share his journey of becoming one of McGuire Sponsel's tax consultants in the Southeast Region.
2021-05-17
24 min
McGuire on the Wire
The Latest on Biden's American Rescue Plan Act of 2021
The American Rescue Plan Act of 2021 (ARPA) passed by the House and is awaiting President Biden's signature. Dave McGuire, shareholder and cofounder at McGuire Sponsel, discusses the $1.9 trillion stimulus package and extensions to unemployment, direct stimulus payments, and important provisions for small businesses.
2021-03-11
13 min
IN Construction with Nate Lelle
Jacob Everett of the Indiana Economic Development Association Legislative Committee
A Certified Economic Developer in Indiana, Jacob currently serves as a member of the Indiana Economic Development Association Legislative Committee, on the board of the International Center, and on the Town of Cicero Economic Development Committee.Jacob works at McGuire Sponsel: www.mcguiresponsel.com, which performs specialty advisory services that are related to tax and specializes in four areas:• Research and Development tax credits.• Cost Segregation• International Tax Arm - International Business• Site Selection, Credits and incentivesJacobs article in Inside Indiana Business:Governments Should Balance Both cut...
2021-03-03
25 min
20/20 MONEY
REALLY Understanding the R&D Tax Credit with Kyle Riddle
Understanding whether optometrists qualify for the R&D tax credit is not a simple answer. There are many questions that need to be asked and parameters that must be met. Unfortunately, not all of those parameters are met with clear, black-and-white definitions from the IRS but are rather subjective in nature. This can open the door for misunderstanding of the credit at best or outright fraud and abuse at its worst. In this episode, join us as we have a discussion with Kyle Riddle of McGuire Sponsel about the in’s and out’s of the R&D ta...
2020-10-05
1h 06
Eye On Industry
Episode 6: Navigating International & Domestic Tax Issues
Today, we’re going to take a look at the potential impact of tax regime changes for Private Equity investors and Manufacturers. In the first quarter alone, U.S. companies brought home 124 billion dollars in foreign profits, the highest level since an immediate rush after the 2017 tax law, according to data released by the Commerce Department. To some - The repatriations, made just as the coronavirus-related recession was starting, are a sign of how many companies may have needed cash in their U.S. operations. Or is this just prudent risk management during an election ye...
2020-09-25
34 min
McGuire on the Wire
McGuire on the Wire
TJ and Dave discuss 12 year anniversary In this episode TJ and Dave discuss McGuire Sponsel's 12 year anniversary and look back on how much the firm has grown over the years.
2019-12-06
24 min
unsuitable on Rea Radio
How a Cost Segregation Study Can Save Your Business (a lot of) Money
Are you paying more in federal taxes than your fair share? Well, if you own buildings, you could be; and a cost segregation study could provide you with the relief you’ve been looking for. On this episode of unsuitable, we’re joined by Dave McGuire, co-founder & director of McGuire Sponsel, a regional professional services firm that works with CPAs to enhance relationships through innovative tax strategies. He’s going to break down the topic of cost segregation for us by shining some light on who can benefit from a cost segregation study, what kind of savi...
2017-10-23
23 min