In his latest piece in Forbes, Dave McGuire explores how the “Big Beautiful Bill” impacts CPAs and their clients, with updates to bonus depreciation, Section 179, and R&D expensing strategies.
Prepare for Florida’s 2025 property tax season by breaking down the state’s tax calendar, explaining the significance of TRIM notices, and how advisors can proactively support clients through exemptions, appeals, and early planning.
Host Tim LeMasters is joined by Dave McGuire, shareholder and co-founder of McGuire Sponsel, to discuss fixed asset planning, bonus depreciation, cost segregation, and the contract date rules in the new OBBB legislation.
The passage of the OBBB introduces sweeping changes to depreciation rules—extending 100% bonus depreciation, sunsetting key energy incentives like Section 179D, and adding new deductions for Qualified Production Property.
With the passing of the “Big Beautiful Bill,” bonus depreciation is back at 100%—permanently. However, the binding contract rule adds a level of complexity that advisors and property owners must understand.
McGuire Sponsel was contacted by a CPA firm to conduct a cost segregation study for a newly constructed townhome apartment complex located in Troy, Michigan.
Discover how the One Big Beautiful Bill introduces Qualified Production Property (QPP), a powerful new incentive for U.S. manufacturers. Learn eligibility rules, planning strategies, and why CPA firms should leverage cost segregation to maximize tax savings.
With the “Big Beautiful Bill” now enacted into law, sweeping tax changes are officially underway—impacting provisions critical to year-end planning, entity strategy, and client advisory services. CPAs and tax professionals must act quickly to understand how these updates affect their clients across industries.
Just days after the latest tax legislation—informally dubbed the “Big Beautiful Bill”—was signed into law, significant planning opportunities are already emerging. With provisions impacting bonus depreciation, Section 179 expensing, and the long-awaited fix to Section 174, CPA firms should begin evaluating client strategies now to ensure compliance and maximize benefit.
Host Dave McGuire and Jerry Hammel, CPA, break down the newly signed “Big Beautiful Bill”—including the return of 100% bonus depreciation and critical updates to Section 174—and what CPAs should do now to prepare their clients.
After Recent Tax Updates, This Is What Business Owners Should Be Thinking About
In his latest piece in Forbes, Dave McGuire examines how the “Big Beautiful Bill” shapes tax planning for both CPAs and business owners. While the headlines focused on individual breaks, the biggest changes impact businesses through bonus depreciation, Section 179 expensing, and R&D expensing.
For CPAs, these updates provide an opportunity to guide clients through contract timing rules, expanded deductions, and retroactive R&D opportunities. For business owners, the changes open a window to revisit past investments, reclaim missed deductions, and optimize future tax strategies.
The bill creates both opportunities and deadlines, making proactive planning essential.
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.