Webinar series focused on tax planning for 2022
McGuire Sponsel is committed to being the leading technical resource for the CPA industry, and appreciate your continued trust in our firm. 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 2022 webinars below. More topics to be added as announced.
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
*Updated Date: November 30th: Post-Midterms, Politics, and Programs - Credits and Incentives Outlook for 2023
Credits and Incentives are inherently tied to politics as they are legislatively set. Governors, state legislatures, and even mayors and city councils determine how incentives are awarded to clients. With all of these actors involved, how do clients receive benefit from credits and incentives? In this webinar, Ben Worrell and Emily Poole will review the cast of characters involved in credit and incentive decision making as well as the typical process that is most successful for incentive outcomes.
Attendees will learn:
- Who is involved in the credit and incentive process
- How to approach incentives to receive the greatest outcome
- What some of the typical pitfalls are in the discretionary incentive discussions
Oct 20: Managing Section 174 Uncertainties and the R&D Credit
As part of the Tax Cuts and Jobs Act, taxpayers will no longer have the option of expensing Section 174 costs and will be required to amortize them for tax years beginning after December 31, 2021. These costs include not only expenses included in the R&D Credit, but other costs related to research and development as well. While there is bipartisan support to delay or eliminate this requirement, it is important to understand the current legislation in order to properly plan for tax year 2022 and going forward.
In this webinar, we discuss:
-What constitutes qualified research activities and expenses under Section 174 and Section 41
-Legislative progress to delay or reverse Section 174 amortization requirements
-The impact of Section 174 amortization on taxpayers’ returns
-Strategies to implement for tax year 2022 and going forward to help minimize the impact of Section 174 amortization
Sept 1: Navigating Global Tax Issues in a Cross-Border M&A Transaction
Companies engaging in cross-border M&A transactions have many issues to consider, and often need counsel on how to approach this complex process. With increased scrutiny on the tax issues surrounding these transactions, it is important to be aware of common pitfalls and to engage in proper planning to alleviate the complexities of doing business across borders.
August 11: Can Incentives Benefit My Client's Business? The Truth About Credits and Incentives for Small and Medium Sized Businesses
Most businesses don’t think they are eligible for or qualify for incentives because they aren’t the Amazons, FedExs, Apples or Googles of the world. However, many businesses make qualifying activities every year and never receive benefit. In this webinar, we will explore what makes incentives accessible to small and medium sized businesses and the potential pitfalls to navigate around.
August 10: What CPAs Need to Know About the CHIPS+ and Inflation Reduction Act of 2022
In the last few weeks, the United States Congress has been busy. Just before the August recess both houses passed the CHIPS and Science Act of 2022 (CHIPS+), and Senators Joe Manchin (D-WV) and Chuck Schumer (D-NY) announced a compromise reconciliation called the Inflation Reduction Act of 2022. These significant bills will have far reaching affects across many sectors of the American economy. In this webinar we discuss what was included and what was not included in this legislation.
July 21: Using Depreciation to Plan for Recessionary Pressures
With the chance of a recession increasing taxpayers are starting to make moves to prepare for a potential recession. In this webinar we discuss how taxpayers can utilize depreciation and other timing issues to prepare for recessionary pressures. We discuss how to utilize the cash flow opportunities afforded by cost segregation to prepare for a downturn in the economy. We also review the updated cost segregation audit techniques guide and discuss how this affects cost segregation decisions.
June 30: Comparing Federal and State R&D Credit Opportunities
In addition to the federal R&D Credit, there are numerous state R&D Credits available for taxpayers. These credits are meant to encourage and incentivize research activities within state borders. These state R&D Credits typically follow the requirements of the federal R&D Credit, but can often have key differences as it relates to qualification criteria, calculation methods, and processes for claiming the credit. In this webinar, we will discuss what constitutes qualified research activities, the state R&D Credits available and how they compare and contrast with the federal R&D Credit, and state examinations and best practices
June 9: Global Tax Legislation: 2022 Issues and Updates
International taxation has been in a state of flux for several years as practitioners learned to navigate the new world of BEPS, GILTI, ATAD and more. If those challenges were not difficult enough, the COVID-19 pandemic created a new round of upheaval as multinational taxpayers grappled with cash needs and tax authorities began exploring new ways to increase tax revenue. In this webinar, Sean King and Jason Rauhe discuss the latest tax legislation and how it impacts taxpayers doing business on a global scale.
May 24: Shifting Landscape of Economic Credits & Incentives
Economic credits and incentives provide significant value to high growth clients. Qualifying projects are based on several factors: timing, location, industry type, investment, and new job creation. However, incentive programs shift and change from time to time based on many factors: political changes, economic shifts, and local growth priorities. As the economy continues to evolve in a post-pandemic environment, it is important to understand how these changes are affecting the value of credits and incentives. In this webinar, Steve Brunson and Ben Worrell discuss the shifts they see taking place across the United States and how CPAs and their clients can consider opportunities to capture value through these programs.
May 11: Real Estate and Depreciation Issues for 2022
With the first quarter of 2022 complete CPA’s and their clients are starting to think about planning issues for 2022. Many real estate trends are dominating the market, including the growth of short-term rentals, a heated residential market, growth in industrial space, and an uncertain office environment. These trends combined with increasing inflation and interest rates makes planning for 2022 more complicated than ever. In this webinar, we discuss trending real estate topics and how to utilize the tax code to maximize returns.
April 28: The R&D Tax Credit in 2022 and Beyond
The R&D Tax Credit is one of the most subjective areas of the 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. Additionally, it is important to understand current legislation regarding the R&D Tax Credit to properly plan for the future.
March 1: International Tax Compliance Fundamentals & Pitfalls
International tax compliance can seem like a never-ending maze of continually changing requirements. Clients who do business around the world often face compliance challenges, specifically the ability to accurately and efficiently complete and file U.S. tax returns to properly report these activities. Without proper compliance, potential penalties can lead to sleepless nights for CPAs, CFOs and Executives of international businesses. In this webinar, and Jerry Hammel and Jason Rauhe discuss how to confidently approach international compliance.
February 3: When taxes are negotiable – how state and local governments use 5 key tools to promote growth
To attract and retain growing businesses, state and local governments often provide valuable economic incentives through a variety of programs. Understanding the common tax tools that governments use allows businesses to make favorable decisions when relocating, expanding, or investing. In this webinar, Ben Worrell and Sierra Enlow discuss the tax saving mechanisms that most often align with credits and incentives projects and provide value for clients.
January 13: State of Specialty Tax
With the Build Back Better bill temporarily stalled, taxpayers and CPAs need to understand what will change – or remain the same – for certain areas of specialty tax. In this webinar, Dave McGuire discusses the current status of these provisions and the thinking behind them to provide insight to potential future tax bills.
Presenter: Dave McGuire