McGuire on the Wire

In this episode, Dave McGuire shares his technical expertise on depreciation, how it impacts business decisions, and how CPAs can navigate the changing economic environment. 

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.

In today's episode, Dave McGuire discusses the recent rise in ransomware attacks, the latest guidance from the White House, and how it impacts CPA firms and their clients.

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. 

In today's episode, Guest Host Justin Gephart invites Sierra Enlow to join him in discussing Kentucky's Credits and Incentives and what to look for in today's economy.

The SBA recently released details and a sample application for the program. In this episode, Dave McGuire will overview the details of this program, how to apply, eligibility, and the amount of the potential benefit. Dave will also detail how this impacts complementary tax services related to the restaurant industry.

Dave McGuire discusses the Biden tax policy and proposals that are currently being put out there. Combined with existing tax breaks or tax policies to help spur growth while raising taxes.

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.

Many taxpayers are asking if they should delay deductions. This question is particularly relevant as taxpayers plan for the 2021 tax season, given a newly elected president and now Democrat-controlled Congress. These government changes could impact tax rates this year and, therefore, filing strategies. In his latest podcast, Dave McGuire outlines the risks, timing, and other important factors for...

In this episode of McGuire on the Wire, Dave McGuire explains updates under the CARES Act to net operating loss (NOL) carrybacks and related tax planning opportunities. The CARES Act provides a five-year NOL carryback, which can help most taxpayers access significant refunds. Considering a cost segregation study and accessing additional depreciation deductions is especially important in an electio...

On the latest McGuire on the Wire episode, Dave McGuire talks about taxable grants and the laws that affect them. Dave specifically highlights how taxable grants have changed under the Tax Cuts and Jobs Act of 2017. Taxable grants can come from the government, utilities, or in other, similar forms. It's important for businesses using these tools to consider the implications of how grants may impac...

David Seibel returns to McGuire on the Wire to explain the background, opportunities, and potential challenges of the Research and Development Tax Credit. This podcast serves as a great introduction to R&D and which kinds of businesses are eligible. Listen in to learn more about the R&D Tax Credit and how it may benefit clients exploring new business products or processes.

Sierra Enlow of our Credits and Incentives practice line joins Dave this week to discuss the economic incentives landscape in Kentucky and when it's time to hire a consultant to walk through these opportunities.

Dave and Justin Gephart discuss the changes to the depreciation law, how each piece of legislation has made Cost Segregation more relevant and created more opportunities for tax planning purposes and updates from the CARES Act. 

On this week's episode Dave discusses what a 1031 Exchange is, how they work and changes to 1031 that occurred after the Tax Cuts and Jobs Act of 2017.

A drive to entice multinationals to move overseas manufacturing operations to the United States has gained traction with both parties on Capitol Hill as they frame competing plans for new tax incentives to include in possible virus relief legislation. On Episode 18 of McGuire on the Wire, Dave and Sean provides insight on the incentives and how they could trigger other taxable events.

Many aspects of business changed over the last three months. Between shelter in place orders, a slowing economy, and regulatory changes under the Coronavirus Aid, Relief and Economic Security Act (CARES ACT), we will feel the effects for months. At first glance, certain areas of tax law, such as the R&D Tax Credit, do not change considerably with these regulations. On Episode 17 of McGuire on the...

On this week's episode Dave explains the 179D and why after being in limbo for the past two years building owners are looking at the deduction for tax planning purposes.