McGuire Sponsel welcomes former tax director Jerry Hammel as its newest Shareholder.
McGuire Sponsel, a specialty tax and consulting firm with clients throughout the United States, has promoted Ben Worrell to Alliance Network Credits and Incentives Consultant.
McGuire Sponsel, a specialty tax and consulting firm with clients throughout the United States, has hired Conner Mullin—as a Tax Consultant.
On Friday, June 5th, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020. This law updated some of the key structural elements of the Paycheck Protection Program (PPP) to allow more businesses to receive full forgiveness of the funds received from the program.
A drive to entice multinationals to move overseas manufacturing operations to the U.S. has gained traction with both parties on Capitol Hill as they frame competing plans for new tax incentives to include in possible virus relief legislation.
Many aspects of business changed over the last three months. Between shelter in place orders, a slowing economy, and regulatory changes under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), we will feel the effects for months.
Treasury issued a significant amount of new information on Wednesday, May 13th. In addition to updating their FAQs over the Paycheck Protection Program (PPP) they also issued a new Interim Final Rule dealing with potential Loan increases.
In recent weeks, Treasury and the SBA have been requesting that companies receiving funds under the Paycheck Protection Program (PPP) review their certification that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” Treasury then gave borrowers until May 14, 2020 to return funds, if they believe that the certification was not made in “good faith”.
In response to the shortage of Personal Protective Equipment (PPE) and other hygiene products such as hand sanitizer caused by the coronavirus pandemic, many companies are pivoting resources toward the manufacture of these much needed products.
The most publicized part of the Coronavirus Aid Relief and Economic Security Act (CARES act), was the Paycheck Protection Program (PPP). This program was designed to help small businesses survive the shutdown and economic uncertainty generated by the Coronavirus. However, the program has been saddled with bad press and implementation issues from the beginning.
Jerry Hammel to become Shareholder, reinforces firm’s commitment to CPA industry
INDIANAPOLIS – McGuire Sponsel, a specialty tax and consulting firm with clients throughout the United States, today announced that Jerry Hammel has joined the firm as a shareholder. Hammel is a former tax director of a Top 60 CPA firm with more than 30 years of tax experience serving businesses across the country.
With the hire, McGuire Sponsel reinforces the firm’s dedication and commitment to the CPA industry, a primary component of the firm’s business. Hammel will leverage his expertise and CPA industry knowledge to drive growth throughout the firm’s alliance network with its four practice lines; Cost Segregation, R&D Tax Credits, International Tax, and Credits & Incentives.
“Jerry’s addition to the team furthers McGuire Sponsel’s partnership promise to be the leading technical resource to regional and local CPA firms,” said TJ Sponsel II, McGuire Sponsel Managing Shareholder. “Jerry has the technical experience, cultural and commercial awareness, and a deep appreciation for the CPA/client relationship. McGuire Sponsel serves clients and partner CPA firms with an unmatched passion for this business, people-focused at all times and committed to meaningful collaboration. This is an ideal fit.”
After graduating from Indiana University with a BS in Accounting, Hammel began his career at RSM McGladrey and worked at the company for 14 years. He moved to Blue & Co. in 1999 and has worked for the firm for more than 20 years, serving most recently as one of Blue & Co.’s shareholders and tax directors. Working primarily with closely-held businesses and business owners, Hammel is adept in mergers and acquisitions, succession planning, estate planning and general tax/business consulting.
“This is an exceptional opportunity,” said Hammel. “I’ve worked with McGuire Sponsel for many years and share the firm’s vision and passion for partnering with firms across the country as the industry’s leading technical specialty tax firm. I can speak firsthand to the firm’s unwavering commitment in serving CPAs and their clients. McGuire Sponsel cultivates a culture of unparalleled service and highly technical expertise, and I look forward to building on that foundation.”
Partnering with local and regional CPA firms, McGuire Sponsel strengthens client relationships by offering a conservative, methodical approach to delivering tax services that fall outside the traditional practices of CPA firms. The firm is committed to providing high-quality service with integrity in a way that helps partner firms bring value to their clients. The approach has made McGuire Sponsel a trusted resource to CPAs across the country, with a strong track record with the IRS.
About McGuire Sponsel
McGuire Sponsel was established to be a true value-add to local and regional CPA firms. What started as a discussion around a kitchen table has developed into becoming a trusted resource to more than 330 firms nationwide. Our team partners with firms of all size and specialties by acting as an extension of the respective firm. McGuire Sponsel serves as a complement to the exceptional service and value that a respective firm’s clients have grown accustomed to and we treat each client as if they are our only client. While other firms may offer one of our service lines, no one in the industry serves clients as well as McGuire Sponsel. For more information, visit mcguiresponsel.com.