Let's Talk Tax

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...

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...