In his latest piece in Forbes, Dave McGuire discusses the rapid growth of the short-term rental market and the extremely complicated tax rules that come along with these investments.

Justin Gephart is joined by consultants Matt Bitter and Teryn Azpell as they reflect on this year’s tax season.

Depreciation expert Dave McGuire discusses the short-term rental market and recent rise of rental properties on AirBnB, VRBO, and other platforms.

Senior Consultant Tanner Niehaus joins Dave McGuire to give an overview of our R&D Tax Credit practice, and shares how he partners with clients to substantiate and maximize tax credit claims.

In his latest piece in Accounting Today, Dave McGuire discusses the recent demand for short-term rentals and how investors are increasingly attracted to these properties to generate passive income. However, investors and their CPAs need to be aware of the depreciation rules that apply to the short-term rental market.

In Accounting Today, “The unknown science behind tax credits and incentives,” Ben Worrell explains how in the world of accounting, credits and incentives are shrouded in mystery… but that once uncovered credits and incentives are a powerful tool for business owners.

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.

Is “busy season” really over? In this episode, Justin Gephart and Jerry Hammel discuss the elusive end to tax season and how tax teams can adapt.

After months of behind-the-scenes planning and flexibility from our team, we expanded and renovated our offices in Indianapolis and Atlanta to support the continued growth of the firm. Our newly renovated offices are modern, functional, and support our lively and collaborative culture. Read about why we decided to expand our footprint when many offices are going virtual, the design and construction process, and see the final product of our Indianapolis renovation.

In his latest piece in Forbes, Dave McGuire discusses the Build Back Better bill stalled in the senate, and if there is anything related to taxes that both Democrats and Republicans can agree on.

Understanding Tax Issues With Short-Term Rental Properties

In his latest piece in Forbes, Dave McGuire discusses how the rapid growth of the short-term rental market is creating an avenue for some investors to generate significant wealth and income. Unfortunately, the tax rules concerning these investments can be extremely complicated.

Dave breaks down some of the tax saving opportunities with income-generating properties and tax issues investors need to know about.

Read the full article.

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.