Shows
Let's Talk Tax"One Big Beautiful Bill" & R&D Tax Credits: What CPAs Need to KnowIn 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...2025-07-2424 minLet's Talk TaxBreaking Myths: Helping CPAs Embrace Location Advisory ServicesIn 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...2025-07-1826 minLet's Talk TaxFrom Tariffs to Trust: Guiding Manufacturers Through the Specialty Tax TerrainIn 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....2025-07-1033 minLet's Talk TaxBonus 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...2025-07-0922 minLet's Talk TaxTCJA Sunset & International Planning: Modeling What Comes NextIn 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...2025-07-0318 minLet's Talk TaxThe Hidden Burden: Breaking Down Section G of Form 6765In 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...2025-06-2628 minLet's Talk TaxBonus vs. Section 179: Maximizing Depreciation Strategy in 2025In 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...2025-06-2424 minLet's Talk TaxDeals, Dirt & Dollar Signs: Inside Today's CRE GameIn 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...2025-06-1222 minLet's Talk TaxR&D Tax Credits & the One Big Beautiful Bill: Understanding Amortization and Proactive PlanningIn 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...2025-06-0521 min
Real Estate Tax PlaybookProperty Tax Appeals and Tax Legislation: Strategies for Real Estate ProfessionalsIn 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...2025-06-0540 minLet's Talk TaxProperty Tax & Vacancy Rates: How to Strengthen Appeals for Clients in a Rebounding MarketAs 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...2025-05-3023 minLet's Talk TaxTariffs, Transfer Pricing, & Incentives: Turning Global Uncertainty into Strategic OpportunityIn 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 ...2025-05-2222 minLet's Talk TaxSpotting Real R&D: How to Qualify Tax Credit Claims in Specialized FieldsIn 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...2025-05-1523 minLet's Talk TaxHow the New Administration is Reshaping Tax PolicyIn 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...2025-05-0824 minLet's Talk TaxWhat You Can Expect During Season 2In 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.2025-05-0115 minLet's Talk TaxReflecting on Season 1Join 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...2025-04-2420 min
Passive Cash Flow PodcastHow to Pay Less Taxes with Dave McGuireDave 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...2025-04-0432 minLet's Talk TaxPaths to Correction: Tackling 174 AmortizationIn 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...2024-11-2121 minLet's Talk TaxWhat Election Results Could Mean for Upcoming Tax LegislationIn 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...2024-11-1624 min
Generally Accepted Accounting Podcast028 - Energy Incentives and Future Taxes with Dave McGuireIt’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...2024-10-2521 minLet's Talk TaxThe Art of Site Selection: Key Considerations for Business GrowthIn 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...2024-10-1014 minLet's Talk TaxFrom Policy to Practice: The Historical Landscape of Cost SegregationIn 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...2024-10-0423 min
Generally Accepted Accounting Podcast027 - Fixed Assets and Cost Segregation with Dave McGuireToday’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.2024-09-2735 minLet's Talk Tax174 Is Not Going AnywhereIn 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...2024-09-2621 minLet's Talk TaxMaintaining Culture in a Changing EnvironmentIn 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...2024-09-1922 minLet's Talk TaxReal vs Personal Property Tax ExplainedIn 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...2024-09-1216 minLet's Talk TaxCultivating Leadership in CPA FirmsIn 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...2024-09-0522 minLet's Talk TaxThe IC-DISC Advantage: Maximizing Export Tax SavingsIn 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...2024-08-2922 minLet's Talk TaxStrategic Growth in the Southeast for CPA and Real Estate ProsIn 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, ...2024-08-2221 minLet's Talk TaxState-specific Location Advisory ComplianceIn 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.
...2024-08-1522 minLet's Talk TaxIRC 41 & 174 Uncertainty: What Every CPA Should KnowIn 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!2024-08-0818 minLet's Talk TaxEvolution of Real Estate Trends & Tax ImplicationsThis 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...2024-08-0132 minLet's Talk TaxStrengthening Client R&D Tax Credit Claims: Key Areas Often OverlookedThis 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!2024-07-2520 minLet's Talk TaxIdentifying Growth Opportunities in Manufacturing & Other IndustriesThis 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!2024-07-1824 minLet's Talk TaxIs 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 Thu2024-07-1124 minLet's Talk TaxCommon Misconceptions of Cost SegregationThis 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...2024-06-2717 minLet's Talk TaxBuilding Trusted PartnershipsThis 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 ...2024-06-2020 minLet's Talk TaxTechnology Trap Doors and the R&D CreditThis 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...2024-06-1323 minLet's Talk TaxBuilding Portfolios Through Specialized ExpertiseThis 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...2024-06-0631 minLet's Talk TaxHow Tax Planning Works in a Challenging Real Estate EnvironmentThis 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 T2024-05-3029 minLet's Talk TaxWhy CPA Firms Avoid International ComplianceThis 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...2024-05-2318 minLet's Talk TaxComparing State and Federal R&D Tax Credit OpportunitiesThis 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...2024-05-1628 minLet's Talk TaxNegotiating Tools for Business GrowthThis 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 Sei2024-05-0932 minLet's Talk TaxNavigating Transfer Pricing DocumentationThis 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!2024-05-0234 minLet's Talk TaxRoadmapping the R&D Tax Credit over the Last 18 MonthsThis 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!2024-04-2531 minLet's Talk TaxBonus Depreciation Q1 UpdateThis 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...2024-04-1827 minLet's Talk TaxWhy Technical Builds Trust in PartnershipsThis 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!2024-04-1125 minLet's Talk TaxWhy Let's Talk Tax? Unveiling Our VisionThis 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!2024-04-0421 minLet's Talk TaxGet 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.2024-04-0210 minLet's Talk TaxGet 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.2024-04-0109 minLet's Talk TaxGet 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.2024-03-3110 minLet's Talk TaxGet 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 2024.2024-03-3009 min
Let's Talk TaxIntroducing 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!2024-03-1901 min
McGuire on the WireMcGuire on the Wire Episode 85Principal 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.2023-12-2912 min
McGuire on the WireMcGuire on the Wire Episode 83Principal 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.2023-11-0114 min
McGuire on the WireMcGuire on the Wire Episode 802023-09-1512 min
McGuire on the WireMcGuire on the Wire Episode 78Relationship 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.2023-08-1715 min
McGuire on the WireMcGuire on the Wire Episode 74Kelsey 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.2023-06-0121 min
McGuire on the WireMcGuire on the Wire Episode 71Audrey 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.2023-04-0615 min
McGuire on the WireMcGuire on the Wire Episode 68Dave McGuire and Ben Worrell return to McGuire on the Wire to discuss cash grants and McGuire Sponsel's Credits and Incentives practice.2023-02-0121 min
The JMF Advisors ShowCost Segregation with Dave McGuire of McGuire SponselJennifer 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...2022-11-1633 min
McGuire on the WireMcGuire 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 Jamie2022-09-2910 minMcGuire on the WireMcGuire 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 Kyle2022-07-2117 minMcGuire on the WireMcGuire 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.2022-06-2312 minMcGuire on the WireMcGuire 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.2022-06-0916 minMcGuire on the WireMcGuire on the Wire Episode 43In 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.2022-01-2224 minMcGuire on the WireMcGuire on the Wire Episode 39Mike 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 2022.2021-11-1820 minMcGuire on the WireMcGuire on the Wire Episode 34In 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.2021-07-1312 minMcGuire on the WireMcGuire on the Wire Episode 32In 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. 2021-05-1724 min
McGuire on the WireThe Latest on Biden's American Rescue Plan Act of 2021The 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.2021-03-1113 min
IN Construction with Nate LelleJacob Everett of the Indiana Economic Development Association Legislative CommitteeA 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...2021-03-0325 min
20/20 MONEYREALLY Understanding the R&D Tax Credit with Kyle RiddleUnderstanding 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...2020-10-051h 06
Eye On IndustryEpisode 6: Navigating International & Domestic Tax IssuesToday, 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...2020-09-2534 min
McGuire on the WireMcGuire on the WireTJ 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.2019-12-0624 min
unsuitable on Rea RadioHow a Cost Segregation Study Can Save Your Business (a lot of) MoneyAre 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...2017-10-2323 min