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
Boat Storage Manufacturer
McGuire Sponsel was recently referred to a boat manufacturer by a CPA firm in Tennessee. The boat manufacturer had just completed a remodel and addition for their manufacturing facility totaling $3.6 million. This facility is located just outside of Nashville, TN. McGuire Sponsel was able to reclassify assets so they depreciate over 15, 7, and 5 years instead of all assets being placed into 39 year depreciable life. McGuire Sponsel professionals were able to reclassify 53 percent of the total depreciable property. The accelerated depreciation deductions resulted in an increased cash flow of $502,408 over the first year and a net present value of $300,710 over the life of the investment.
R&D Case Study
Molded Plastics Company
A molded plastics company in Southern Indiana engaged McGuire Sponsel to conduct a one year R&E tax credit study. McGuire Sponsel worked with the controller to conduct interviews, facility tour and gathered information. After final data analysis, McGuire Sponsel was able to calculate effective federal credits of nearly $60k, exceeding projections. The major growth and increase in research spending per year resulted in the increased benefits as the R&E credit rewards companies for increasing research expenditures.
Justin Gephart, Shareholder
Justin’s seven year tenure with the firm has generated tax savings in excess of $2 billion for clients.
Contact Justin today to see how McGuire Sponsel can be a powerful resource in Cost Segregation, R&D Tax Credits, IC-DISC, and Credits & Incentives.
Contact Justin Gephart