Why The 2025 Tax Planning Season Could Be The Most Important In Years
In his latest piece in Forbes, Dave McGuire offers critical insights into why the 2025 tax planning season stands to be one of the most consequential in years. With sweeping changes under the One Big Beautiful Bill Act, including the return of 100% bonus depreciation, full expensing for Section 174 costs, and new opportunities to optimize deductions, CPAs face a pivotal moment to guide clients through complex planning decisions.
Dave breaks down how shifting incentives, transitional rules, and strategic timing can significantly affect tax outcomes for businesses in 2025 and 2026. His analysis underscores the importance of proactive planning to help clients capture available benefits and avoid leaving value on the table.
David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. McGuire continues to grow McGuire Sponsel’s national presence in cost segregation and depreciation.
He is the primary resource for alliance firms in regards to how tax law affects depreciation. His knowledge in determining asset costs and classifications has held up against IRS scrutiny and has built the firm into a trusted industry resource.