Twitter     LinkedIn     Facebook icon  
November 2015

A Savings Resource for CPA Firms: Part II

McGuire Sponsel would like to share the second installment of a three part series regarding annual spends and possible savings opportunities. Adam Vandoski of Vantage Cost will discuss the importance of controlling indirect spend, how to close the gap, and initiating conversations with clients.

In last month's article on procurement optimization, I addressed the trusted advisor position of the CPA, its importance to the future of the profession, and the client expectations that go along with it. I also touched on the gap in procurement competency that’s costing companies up to a full margin point. The gap exists due to fragmented oversight, lack of quality spend data, and complexity of indirect spend that requires a fundamentally different management approach. 

When faced with the surprising reality of just how much mediocre procurement processes cost an organization, the next logical question is, “How can it be fixed?” While the specific issues at every company will vary, there are strategic and tactical components to address.  Read More

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.

Are Your Clients Using this Year-End Tax Planning Tool?

Tedder Schwarz

As 2015 draws to a close, it is important that CPAs include IC-DISC as part of their year-end tax planning discussion with their exporting clients. Since tax benefits begin upon the day of incorporation, the earlier the IC-DISC is formed, the greater the tax benefit. Due to the prospective nature of an IC-DISC, setting up and establishing an IC-DISC before year-end permits exporting clients to maximize the tax benefit for the upcoming 2016 tax year. 

Taking advantage of this unique tax tool can result in an effective tax savings of 15 - 18 percent. Establishing an IC-DISC reduces a company’s federal tax liability by converting export sales, taxable at ordinary income tax rates, into qualified dividends, taxed at lower capital gains rates.

McGuire Sponsel Procures $220,000 in Incentives for DECO Coatings


DECO Coatings, an industrial and commercial coatings contractor which focuses on extending the life of infrastructure, plans to expand its business in Indianapolis and create up to 41 new jobs by 2019. McGuire Sponsel led the incentive procurement efforts for DECO Coatings.

DECO Coatings made a capital investment of $1.18 million to renovate and equip a 22,500 square-foot warehouse and office facility at 2075 S. Belmont Ave. Prior to the economic development process, DECO Coatings was completing the majority of coating work on-site. The new warehouse has a controlled environment so 80 percent of coatings are completed in-house prior to installation.

DECO Coatings, which had a staff of 11 employees prior to the expansion, is committed to employing up to 52 people by 2019. The company has also pledged resources towards an ongoing training initiative for its current and future employees.

(317) 564-5000
You’re receiving this email because you're a valued McGuire Sponsel client.

Copyright © 2015 McGuire Sponsel, All rights reserved.

Our mailing address is:
McGuire Sponsel
201 N Illinois St
Suite 1000
Indianapolis, IN 46204

Add us to your address book

unsubscribe from this list    update subscription preferences