September 2015

McGuire Sponsel Welcomes Kelly Wyatt


McGuire Sponsel is pleased to introduce Kelly Wyatt as our newest team member. Kelly is an Administrative Assistant for the R&D Tax Credit Practice and the Financing & Economic Incentives Practice.

Prior to joining McGuire Sponsel, Kelly worked at a local elementary school as the Principal's Secretary. For the past 10 years she had a wide range of responsibilities, including maintaining the school database and records and serving as liaison between the parents, school, administration, and community. Kelly has a Bachelor of Arts in Marketing/Communications from the University of Toledo.

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Trusted Partners.
Proven Solutions.

Conceived out of the need to provide tested and proven specialty advisory solutions, McGuire Sponsel partners with accounting firms to offer cost segregation studies, research and development studies, IC-DISC studies, and financing & economic incentive opportunities.

Why Can't My CPA Firm Do My Cost Segregation Work?


Dave McGuire
Director

Savings associated with cost segregation studies are well documented. "When we first started working with regional CPA firms 11 years ago many did not know what cost segregation was or the benefits a study could produce. However, in recent years the familiarity with cost segregation has increased and now firms are more commonly asking why they can't do these studies internally."

Fisher-Titus Medical Center's Swap Strategy Reduces Bank's Profit by 48 Percent


Fisher-Titus Medical Center (FTMC) and Norwalk Area Health System (NAHS), which serve Norwalk and the Huron County region with the latest medical advancements, recently retained McGuire Sponsel to ensure appropriate strategy, documentation, structure and pricing of a lender-mandated interest rate hedge. McGuire Sponsel utilized our derivative expertise and infrastructure to bring efficiencies and price transparency to FTMC's and NAHS' derivative transactions.

The lender was requiring an interest rate swap to hedge against the impact of rising interest rates on a debt refunding. The lender, however, provided limited guidance to the chief financial officer and board regarding alternative approaches in structure, pricing and tenor. McGuire Sponsel worked closely with FTMC and NAHS to develop an independent strategy for entering into the interest rate swap.

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