Webinar series focused on tax planning for 2021
McGuire Sponsel understands 2021 brings both risk and opportunity. We are facing changes after election season and the long-lasting, confusing effects of COVID-19 on businesses.
We are proud to present another round of webinars to provide technical guidance as you walk clients through unexpected economic territory. Please see descriptions and view our 2021 webinars below.
Other firms may offer similar services, but they cannot match McGuire Sponsel’s steadfast commitment to our clients and partner firms.
TJ Sponsel II, Managing Shareholder
December 16: IRS Updates to the R&D Tax Credit: What You Need to Know
On October 15, 2021, the IRS released Chief Counsel advice memorandum 20214101F, which provides guidelines for the information that taxpayers will need to submit for a valid Sec. 41 Research Credit refund. This new requirement provides more clarity on how to successfully seek refunds on amended tax returns and helps legitimize retroactive research credit claims, but it is important to understand why this memo was released and what information is required to satisfy it. Additionally, there are still many questions from taxpayers that need to be addressed by the IRS.
December 9: Global Tax Reform: Insights and Implications for the Coming Year
The House Ways and Means Committee released the tax portion of its reconciliation bill (HW&M proposal) and a section-by-section summary of the tax proposals. There are several new provisions and far-reaching implications across programs that will impact global businesses far into the future. In this webinar, Sean King provides an in-depth look at each of these proposed topics and what international business owners and taxpayers can expect as they roll out.
Presenter: Sean King
November 16: A CPA’s Proactive Approach to Enhancing Client Services through Credits & Incentives
As trusted advisors, CPAs must continually bring value to clients. State and local credits and incentives can deliver significant value to growing clients, but a proactive approach is required. By talking to your growing clients early and identifying key triggers, clients could realize valuable credits and incentives through their growth plans. Our industry experts will help you add value to your client relationships and retain clients for the long term.
Presenters: Steve Brunson & Ben Worrell
November 4: Real Estate and Tax Trends for Accountants to Watch
As 2021 comes to a close, CPAs and their clients need to be aware of real estate and tax issues as they complete year end planning. Wide ranging issues will affect how CPAs and their clients make decisions relating to depreciation and acquisitions over the next few months. These issues include potential changes to the U.S. Tax Code being debated in Washington, increased inflation, and changes in the real estate market. In this webinar we will discuss how these changes impact decisions related to real estate.
Presenter: Dave McGuire
October 21: Examining Recent R&D Tax Credit Court Cases and Focuses
The R&D Tax Credit is one of the most subjective areas of tax code. With the IRS placing more scrutiny on the R&D Tax Credit, it is important to be aware of areas of exposure when building a claim. Examining recently decided R&D court cases can help CPAs and their clients discover areas of improvement for R&D Tax Credit claims. It is also critical to understand current legislation regarding the R&D Tax Credit to properly plan for the future.
Presenters: David Seibel & Tanner Niehaus
September 23: Depreciation Strategies for 2021
With tax rates in flex due to President Biden’s tax policies it is more important than ever for business owners and CPAs to understand different depreciation strategies. In this webinar we will discuss high end depreciation strategies to consider for 2021 and beyond.
Presenters: Dave McGuire & Craig Fouts
August 24: A Coast-to-Coast Guide to Credits & Incentives Trends
State and local programs that support economic credits and incentives are as diverse as the 50 states. Or are they? McGuire Sponsel’s Credits & Incentives experts take a look at common regional trends across the United States that identify tax savings for growth projects. CPAs can take a proactive approach with their clients and identify these valuable programs prior to client growth initiatives. These savings can deliver tens of thousands, if not hundreds of thousands of dollars in savings for growing industries.
Presenters: Ben Worrell & Emily Poole
August 5: Strategies to Maximize the R&D and Employee Retention Credits
The CARES Act, Consolidated Appropriations Act, and American Rescue Plan have created and expanded numerous programs to assist businesses with navigating through the COVID-19 pandemic. One of the more prevalent programs from these laws is the Employee Retention Credit (ERC). As companies continue to pursue these programs, it is important to understand the impacts that utilizing these programs may have on other incentives, including the R&D Credit.
Presenters: TJ Sponsel, Shareholder & David Seibel, Senior Manager
July 13: Global Business Planning in a Post-COVID Economy
The lasting economic impact from COVID-19 has created a global business environment unlike anything we have seen. This volatility puts significant pressure on the international tax and treasury management posture of a multinational enterprise. In this webinar, we will discuss important considerations when moving people, products, services and information across borders in a post-COVID economy.
Presenter: Sean King, Director of Global Business Services
June 23: How Inflation Affects Depreciation Tax Planning, and Other Post-COVID Depreciation Strategies
2021 has seen increased inflation in many parts of the economy, some of which is due to supply chain disruptions, and some due to increased spending. This affects many business decisions, especially decisions related to timing changes such as depreciation. In this webinar, we will discuss how businesses can utilize timing differences and other tax planning tools to hedge against inflation.
Presenter: Dave McGuire, Shareholder
February 1: Data Regulations/Data Security: What CPAs Need to Know
Data is a growing component of businesses around the world; some are even referring to data as the new oil. At the same time, governments are increasing regulations to ensure data remains secure. State regulations such as CCPA and NY SHEILD may quickly lead into federal regulations. CPAs and businesses need to understand these increasingly complex regulations, as well as how to maximize the value of data within the regulations.
Presenter: Dave McGuire, Shareholder