Let's Talk Tax

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...

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, th...

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...

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 calculati...

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 CP...

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 regulat...

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 pr...

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 docum...

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...

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 surroundin...

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 exam...

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 q...

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-pac...

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 applicatio...

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...

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 di...

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...

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 alw...

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/letstalktaxpodca...

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, c...

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...

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, Apr...

🌟 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.

🌟 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.

🌟 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.