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December 2015

A Savings Resource for CPA Firms: Part III

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

In the October issue we looked at the gap in procurement competency that’s costing companies up to a full margin point (and why it exists) and last month we laid out the framework for how that gap can be closed. In this final post we’re going to look at a case study of a $30 million manufacturing company that saved $146,000 after taking a new approach to indirect spend.

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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.


Happy Holidays from McGuire Sponsel

As we near the end of another year, we wanted to take a moment and thank our friends, clients and alliance partners for helping make 2015 a wonderful year for McGuire Sponsel.  We say it often, but we truly don’t take the confidence placed in us for granted.

This year marked significant growth in the firm by serving over 400 companies with our lines of specialty tax and consulting services.  While we are enjoying the accomplishments of this past year, we have been working on new initiatives for 2016. We remain committed to being a key resource to the CPA industry by providing services that complement the local and regional CPA firm.  2016 will welcome another new specialty that we believe will assist CPAs in bringing value to their clients…stay tuned!

Reinvestment is a founding principle of the firm and we believe it shouldn’t be reserved to our firm, clients and employees. With that said, we have made donations to various causes during this holiday season. One that is particularly close to us is the fight against cancer via the IU Melvin and Bren Simon Cancer Center.

We are delighted in serving you in 2015.  We wish you and your family a happy holiday season and much success in the New Year.

   T.J. Sponsel II            David McGuire              Kyle Riddle

Safe Harbor Changes to the Tangible Property Regulations

  David McGuire

In recent weeks the IRS updated some of the rules related to the new Tangible Property Regulations. These updates include an increase to the De Minimis safe harbor for taxpayers without audited financial statements, and a safe harbor to assist in the handling of refreshes for restaurant and retail companies. These provide some welcome compliance relief. However, before moving forward it is critical to understand the restrictions and requirements associated with these rules.

(317) 564-5000

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