Partnering with CPA firms, McGuire Sponsel offers R&D Tax Credits, Cost Segregation, IC-DISC, and Credits & Incentives. McGuire Sponsel strengthens client relationships by offering a conservative, methodical approach to delivering tax services that fall outside the traditional practices of regional CPA firms. McGuire Sponsel is committed to providing high-quality service with integrity in a way that helps partner firms bring value to their clients. Our approach has allowed us to become a trusted resource to CPAs across the country, with a strong track record with the IRS.
Cost Segregation Case Study
McGuire Sponsel was contacted to perform a cost segregation study for a recently purchased and renovated Medical Office in Northeastern Indiana. The investment totaled $1,905,043 with a land value of $250,000. The depreciable basis of the property totaled $1,655,043. After the initial site visit the McGuire Sponsel team completed the project in two weeks. McGuire Sponsel professionals were able to reclassify 24 percent of the total depreciable property into 5 or 15-year property. The accelerated depreciation deductions resulted in an increased cash flow of $112,489 over the first year and a net present value of $71,348 over the life of the investment.
R&D Case Study
Food Science Technology Company
McGuire Sponsel conducted a three-year R&E tax credit study for a food science technology company. McGuire Sponsel visited the company’s headquarters in Kentucky for on-site fieldwork, where they introduced the R&E credit criteria and worked with the client to gain an understanding of the company’s structure, development process, and projects. McGuire Sponsel professionals conducted a facility tour and individual interviews with key technical employees in order to qualify and quantify the company’s product and process development efforts. At the conclusion of the project, McGuire Sponsel provided the detailed credit calculations, draft tax forms, and a written technical report. The final results calculated were $328k in federal credits, which nearly doubled the projections provided. The company had a very high income tax liability for a certain year and was able to offset the income taxes for that year by carrying two years of credits forward and the current year of credits back. In addition, the company was able to put processes in place to gain efficiencies for future R&E tax credit studies with McGuire Sponsel.
Bob Poisal, Consultant
Bob’s two year tenure with the firm has generated tax savings in excess of $5 million for clients.
Contact Bob today to see how McGuire Sponsel can be a powerful resource in Cost Segregation, R&D Tax Credits, IC-DISC, and Credits & Incentives.
Contact Bob Poisal