In his latest piece in Forbes, Dave McGuire explores why 2025 will be a pivotal tax planning year. Learn how changes under the OBBBA impact bonus depreciation, Section 174 expensing, and strategic deduction timing for businesses.
Host Tim LeMasters and guest Matthew Barnhill discuss the upcoming 2026 property tax season.
As the federal tax landscape continues to shift under the One Big Beautiful Bill Act and its ripple effects, CPAs face a critical moment: how to balance proactive planning with compliance while strengthening their advisory role.
Property tax assessments in South Carolina can be complex, learn how CPAs and their clients can navigate local and SCDOR appeal processes to ensure fair valuations and protect against overpayment
Host Dave McGuire discusses the role of software and automation in cost segregation with guest Austin Brown, a leader in McGuire Sponsel’s Cost Segregation practice.
McGuire Sponsel was contacted by a CPA firm to conduct a cost segregation study for a recently purchased multi-tenant office building located in Greenwood, Indiana.
The IRS has issued Notice 2025-42, outlining how clean energy credits for wind and solar projects will phase out under the One Big Beautiful Bill and Executive Order 14315. The guidance tightens eligibility rules for construction start dates, signaling stricter compliance expectations for renewable energy developers and investors.
McGuire Sponsel was contacted by a CPA firm to conduct a cost segregation study for a revitalized retail facility located in Bowling Green, Kentucky.
Arizona’s property tax system offers stability but can be complex, with multiple valuations, strict deadlines, and nuanced appeal rules. McGuire Sponsel helps CPAs, advisors, and property owners understand the process, avoid overpayment, and identify opportunities for tax savings.
Host TJ Sponsel and Matthew Barnhill, the new Property Tax Services Manager at McGuire Sponsel, talk through assessment appeals, the impact of fixed assets, and the nuances of property tax across different states.
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.