Let's Talk Tax

McGuire Sponsel
  • 5.0 (6)
  • Business

Welcome to Let's Talk Tax, a show for growth-minded professionals in tax. Whether you're crunching numbers in a CPA firm or managing real estate portfolios, we've got something for you. Our goal is to make tax concepts relevant, growth-minded, and, most importantly, understandable. Let's Talk Tax is designed for everyone, from entry-level associates to seasoned partners with clients seeking expert insights. So stay tuned, stay informed, and let's talk tax!

  1. 1d ago

    Incentive Compliance from the Other Side of the Table

    Securing an economic development incentive is only the beginning. Realizing its benefits takes ongoing attention to agreement terms, performance commitments, and reporting. Host Dave McGuire joins Brian Szymanski and Alicia McFadyen from McGuire Sponsel’s Location Advisory team to discuss incentive compliance from both the consulting and state agency perspectives. Alicia draws on her previous work at the Indiana Economic Development Corporation as they explore common reporting mistakes, business changes that can affect agreements, and options to investigate when filings fall behind. For CPAs and business advisors, the conversation offers practical questions about existing incentives, reporting responsibilities, employee headcount, acquisitions, and credit carryforwards. Brian and Alicia also explain why the details of each agreement matter when evaluating whether benefits can be maintained or recovered. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Saturday, November 6, for the next Let's Talk Tax episode!

  2. Oct 24

    Cannabis After Schedule III

    How could Schedule III rescheduling affect cannabis tax planning? On this episode of Let’s Talk Tax, Dave McGuire speaks with David Seibel, EA, about the potential federal tax implications of rescheduling certain medical cannabis products, including Section 280E, R&D tax credits, and depreciation opportunities. They discuss how eligible medical cannabis businesses may be affected by changes to expense deductions and federal credits, what cultivation and processing activities may warrant an R&D review, and how bonus depreciation and qualified production property could factor into investment decisions. The conversation also explores expense allocation between medical and recreational operations, the importance of documentation while additional guidance is pending, and differences in state tax treatment. For CPAs and business advisors, this episode offers practical questions to consider when working with cannabis businesses and evaluating potential tax planning opportunities. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Saturday, October 30, for the next Let's Talk Tax episode!

  3. Oct 17

    Season Three Fall Rewind: Spot It, Plan It, Defend It: Three Moments Every CPA Can Add Value

    What can a client’s growth plans reveal—and when should a CPA bring specialists into the conversation? In the second edition of our Let's Talk Tax Season Three Fall Rewind, we revisit three conversations with host Dave McGuire on identifying specialty tax opportunities, coordinating planning before a project moves forward, and reviewing property tax assessments. Mike Hammel, MAcc, explains how questions about a company’s operations, investments, location, and ownership plans can uncover opportunities that revenue alone may miss. Ben Worrell, MBA, and Rebecca Patterson discuss why incentives planning should begin early and how property taxes, financing, and federal depreciation considerations can influence the same project. Kyle Gaddis and Rebecca Patterson then examine how property-specific circumstances can support an assessment review, with a focus on value rather than the tax rate. Listen for practical questions CPAs and business advisors can use to better understand client plans and recognize when specialist support may be valuable. As always, check us out on YouTube, LinkedIn, or Instagram. For today's show notes and more, visit mcguiresponsel.com/letstalktaxpodcast. Thanks for listening. We will see you next Saturday, October 24th, for the next Let's Talk Tax episode!

  4. Oct 10

    Season Three Fall Rewind: The Proactive Firm: Lessons in Client Engagement and Leadership

    Building a proactive CPA firm takes consistent client engagement and leaders prepared to deliver forward-looking advice. In this Season Three Fall Rewind episode of Let’s Talk Tax, we revisit two conversations about keeping opportunities moving and developing the professionals who will lead tomorrow’s firms. Drew Haddock, CPA, CEO of DMJPS CPAs + Advisors, joins host Tim LeMasters to discuss why valuable opportunities slip through the cracks. He shares how monthly pipeline reviews, shared accountability, and year-round client touchpoints help his firm strengthen follow-up beyond tax season. Katie Thomas, CPA, CFP®, CGMA, president and CEO of Honkamp, P.C., joins host TJ Sponsel to explore why CPA firm leadership development cannot wait. Their conversation covers partner retirements, automation, service-line innovation groups, and preparing younger professionals to become trusted advisors earlier in their careers. Listen for practical perspectives on strengthening client relationships, developing emerging leaders, and responding to rising expectations for proactive advice as AI tools become part of clients’ decision-making. This rewind features excerpts from Season 3, Episode 12, “The Advisory Mindset: Creating Client Value Year-Round” and Season 3, Episode 17, “Leadership Succession in CPA Firms: Developing Future Leaders.” Both full episodes are available on YouTube and wherever you listen to podcasts. As always, check us out on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. For today's show notes and more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠mcguiresponsel.com/letstalktaxpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Thanks for listening. We will see you next Saturday, October 17th, for the next Let's Talk Tax episode!

  5. Oct 3

    The Challenges of Funded Research in R&D Tax Credits

    Customer-driven research is not automatically excluded from the R&D tax credit. But passing the four-part test is only the starting point. Host Dave McGuire joins David Seibel, EA, and Tanner Niehaus, CPA, to unpack the funded research exclusion and two key considerations for eligibility: economic risk and substantial rights to the research. The conversation explores how payment terms, warranty provisions, and intellectual property rights affect the analysis, with practical examples involving software development, manufacturing, contract manufacturing, and design-build projects. The team also compares Section 41 and Section 174 research contract standards, discusses outsourced foreign research, and explains why changing contract terms requires balancing potential tax benefits with business risk. Listen for the questions CPAs should ask before ruling out customer-driven R&D—or assuming a project qualifies. As always, check us out on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. For today's show notes and more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠mcguiresponsel.com/letstalktaxpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Thanks for listening. We will see you next Saturday, October 10th, for the next Let's Talk Tax episode!

  6. Sep 26

    From Compliance to Advisory: The Evolution of the CPA

    CPA firms are being asked to deliver more than tax returns. What does the shift from compliance to advisory look like in practice? On this episode of Let’s Talk Tax, host Dave McGuire and guest Mike Hammel, MAcc, discuss how CPA firms can build deeper client relationships while navigating time constraints, staffing challenges, AI, and automation. They explore the value of partnering with specialists, identifying compliance risks alongside tax savings opportunities, and matching strategies such as cost segregation and R&D planning to each client’s goals. They also share how smaller firms can use their close client relationships as an advantage and why developing an advisory mindset across the team takes intentional effort. As always, check us out on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. For today's show notes and more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠mcguiresponsel.com/letstalktaxpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Thanks for listening. We will see you next Saturday, October 3rd, for the next Let's Talk Tax episode!

  7. Sep 19

    The Bigger Picture: Connecting Property Tax, Fixed Assets, & Location Strategy

    When a client is expanding, buying equipment, building a new facility, or entering a new state, property tax, fixed assets, and location strategy shouldn’t be separate conversations. In this episode of Let’s Talk Tax, Dave McGuire is joined by Ben Worrell, MBA, and Rebecca Patterson to explore how connecting federal, state, and local tax considerations can uncover opportunities throughout periods of business growth and change. Using a manufacturing facility as an example, they discuss why early planning matters for state and local incentives, when property tax considerations should enter the conversation, and how depreciation and fixed asset strategies can affect the overall tax picture. They also share questions CPAs can ask to better understand what’s changing within a client’s business and position themselves as strategic advisors throughout the planning process. As always, check us out on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. For today's show notes and more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠mcguiresponsel.com/letstalktaxpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Thanks for listening. We will see you next Saturday, September 26th, for the next Let's Talk Tax episode!

  8. Sep 12

    IC-DISC: A Powerful Strategy Many Exporters Miss

    The IC-DISC has existed for decades, but many qualifying manufacturers and exporters have never evaluated the opportunity—or assume it disappeared after recent tax reform. In this episode of Let’s Talk Tax, Dave McGuire and Greg Lambrecht, CPA, explain how an Interest Charge Domestic International Sales Corporation can help qualifying businesses convert a portion of export income into qualified dividend income. For pass-through owners, the resulting rate arbitrage may produce approximately 5.8% to 6% in tax savings, while certain closely held C corporation structures may offer additional planning opportunities for owners and key employees. They discuss direct and indirect exports, domestic-content and substantial-transformation requirements, qualifying services performed abroad, and the three primary methods used to calculate an IC-DISC commission. Greg also explains how transaction grouping and expense allocation may increase the benefit, why an overall business loss does not necessarily eliminate the opportunity, and why businesses must establish an IC-DISC before eligible sales occur. For CPAs advising manufacturers, exporters, and companies operating across borders, this conversation highlights an established incentive that deserves a fresh look. As always, check us out on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. For today's show notes and more, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠mcguiresponsel.com/letstalktaxpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Thanks for listening. We will see you next Saturday, September 19th, for the next Let's Talk Tax episode!

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About

Welcome to Let's Talk Tax, a show for growth-minded professionals in tax. Whether you're crunching numbers in a CPA firm or managing real estate portfolios, we've got something for you. Our goal is to make tax concepts relevant, growth-minded, and, most importantly, understandable. Let's Talk Tax is designed for everyone, from entry-level associates to seasoned partners with clients seeking expert insights. So stay tuned, stay informed, and let's talk tax!

Information

  • Creator
    McGuire Sponsel
  • Years Active
    2024 - 2026
  • Episodes
    88
  • Rating
    Clean
  • Copyright
    © McGuire Sponsel
  • Show Website
    Let's Talk Tax

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