Let's Talk Tax

Welcome back to Let's Talk Tax! In this episode, host TJ Sponsel and guest Jeremy Clopton from Upstream Academy discuss the importance of leadership development in CPA firms. Jeremy shares insights on how effective leadership can drive firms forward, emphasizing strategic planning, leadership retreats, and developing the next generation of leaders. They touch upon the evolving landscape of the...

In this episode of Let's Talk Tax, host Dave McGuire discusses the role of software and automation in cost segregation with guest Austin Brown , a leader in McGuire Sponsel's Cost Segregation practice. They dive into the typical project workflow, from proposals to calculations, and debunk myths around the process. Austin shares insights on how automation and AI are influencing cost segrega...

Join us for a special episode of Let's Talk Tax as we dive into Location Advisory with host Justin Gephart and guests Brad Brown, CPA , of BMSS, and Chad Collier , Relationship Manager at McGuire Sponsel. We discuss the impact of current economic conditions on growing clients, the importance of proactive planning, and the benefits of Location Advisory Services , such as economic credits and in...

In this episode of Let's Talk Tax, we welcome Matthew Barnhill , the new Property Tax Services Manager at McGuire Sponsel. Matthew shares his expertise on property tax management, emphasizing the importance of proactive strategies for CPAs and business owners. The discussion covers assessment appeals, the impact of fixed assets , and the nuances of property tax across different states. Whether...

Welcome back to Let's Talk Tax! In this episode, host Tim LeMasters dives into the complexities of the new One Big, Beautiful Bill (OB3) and its shifts in U.S. international tax law. Joined by Jason Rauhe, CPA, from McGuire Sponsel’s Global Business Services practice, they break down key updates such as GILTI (now NCTI) , FDDEI, Subpart F, and BEAT, and explore the critical planning opportunit...

Welcome back to Let's Talk Tax, the show for growth-minded CPAs and real estate pros navigating the ever-changing world of tax. In this episode, host Tim LeMasters is joined by Dave McGuire , shareholder and co-founder of McGuire Sponsel, to discuss fixed asset planning , bonus depreciation, cost segregation , and the contract date rules in the new OBBB legislation . They delve into scenarios invo...

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....

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 st...

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 loc...

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...

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 exa...

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 complianc...

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 up...

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 engagin...

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 20...

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...

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 es...

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 lik...

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, a...

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 int...

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 Tur...

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...

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 plann...

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 th...

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 plan...