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 completed a study for a Construction Office just North of Dallas, Texas. McGuire Sponsel was referred to the company by a CPA firm in Texas. The Construction Company purchased the office space for $2,500,000 and renovated it for $6,359,704. The investment totaled $8,859,704 with a land value of $946,723. The depreciable basis of the property totaled $7,912,981. McGuire Sponsel professionals were able to reclassify 31 percent of the total depreciable property into 5 or 15-year property. The accelerated depreciation deductions resulted in an increased cash flow of $732,598 over the first year and a net present value of $485,380 over the life of the investment.
R&D Case Study
A Nashville technology company engaged McGuire Sponsel to conduct a four-year R&E tax credit study. The company codes, designs, and implements technology for immersive video displays and integrated audio solutions. McGuire Sponsel conducted on-site fieldwork at the client’s facility, prepared credit calculations and draft tax forms, and delivered a written technical report. During fieldwork at the client’s facility, McGuire Sponsel professionals introduced the client to the R&E credit criteria and worked with the client to gain an understanding of the company’s structure, development process, and projects. Through on-site interviews with programmers, designers, and technical management, McGuire Sponsel professionals were able to gain an in depth understanding of the client’s company structure and research activities, which resulted in identifying more qualified research expenses than were expected and efficiencies built for future R&E studies. The final effective credit calculated over the four-year period was $234k, which exceeded total projections by $80k and will be used to offset the company’s income tax liability.
Tedder Schwarz, Principal
Tedder’s eleven year tenure with the firm has generated tax savings in excess of $200 million for clients.
Contact Tedder today to see how McGuire Sponsel can be a powerful resource in Cost Segregation, R&D Tax Credits, IC-DISC, and Credits & Incentives.
Contact Tedder Schwarz