Let's Talk Tax

McGuire Sponsel

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. Jun 27

    Transfer Pricing Isn't Optional — Why Many Businesses Still Miss It

    Transfer pricing isn't just for multinational corporations. In this episode of Let's Talk Tax, Dave McGuire and John Bodur, CPA, MBA, discuss why transfer pricing studies are becoming increasingly important for both international and domestic businesses. They explain when studies are needed, IRS documentation expectations, Forms 5471 and 5472, state income tax planning, audit risks, and how transfer pricing can support broader business strategy beyond compliance. 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 Saturday, July 11th, for the next Let's Talk Tax episode!

    20 min

  2. Jun 20

    Why CPAs Get Left Out of Growth Conversations—and How to Reclaim Their Seat

    Business growth conversations often begin long before tax planning does—and that's exactly why many CPAs miss opportunities to create additional value for their clients. In this episode of Let's Talk Tax, host Dave McGuire is joined by Ben Worrell, MBA, and Brian Szymanski, CPA, from McGuire Sponsel's Location Advisory Services team to discuss why CPAs are frequently brought into expansion conversations too late and how asking a few strategic questions can change the outcome. Together, they explore why timing is critical when pursuing credits and incentives, how "but-for" requirements can determine eligibility, and the common business triggers—from capital investments and hiring plans to multi-state expansion—that should prompt proactive conversations. They also share practical ways CPA firms can strengthen client relationships, uncover new advisory opportunities, and help businesses maximize available incentives before key decisions are made. Whether you advise manufacturers, growing businesses, or companies evaluating new locations, this episode offers actionable insights for becoming a more strategic advisor. 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, June 27th, for the next Let's Talk Tax episode!

    26 min

  3. Jun 13

    The Hidden Costs Businesses Rarely Question: Property Tax

    Property tax is one of the largest recurring expenses many businesses face, yet it's often one of the least reviewed. In this episode of Let's Talk Tax, Dave McGuire sits down with Matthew Barnhill, leader of McGuire Sponsel's Property Tax Services, to discuss why businesses and CPAs frequently overlook property tax assessments and how that can lead to missed savings opportunities. The conversation explores the difference between assessed value and market value, common events that can trigger property tax appeals, how property classifications impact valuations, and why changes in business operations may warrant a closer look at an assessment. Dave and Matthew also share practical questions CPAs can ask clients to identify opportunities and discuss why property tax deserves a larger role in proactive advisory conversations. Whether you're advising clients, managing commercial real estate, or looking for ways to reduce operating expenses, this episode highlights an often-overlooked area where meaningful savings opportunities may exist. 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, June 20th, for the next Let's Talk Tax episode!

    18 min

  4. Jun 6

    From Effort to Outcomes: Taking Ownership of Your Career

    What does it take to truly own your career? In this episode, Dave McGuire sits down with McGuire Sponsel's Chief People Officer, Kiley Ewing, to discuss how professionals can move beyond simply waiting for the next opportunity and start intentionally creating the outcomes they want. Kiley shares practical insights on finding purpose in your work, developing habits that support growth, setting meaningful goals, and taking responsibility for your professional development. Together, they explore the connection between mindset, accountability, leadership, and long-term career success. They also discuss journaling, morning routines, mentorship, handling setbacks, and why investing in personal growth is often the key to achieving greater professional success. Whether you're early in your career, leading a team, or looking for your next step, this conversation offers valuable perspective on building a career with purpose and intention. 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, June 13th, for the next Let's Talk Tax episode!

    26 min

  5. May 30

    International Tax Compliance: What CPAs Often Overlook

    As businesses become increasingly global, international tax compliance is no longer just a concern for large multinational corporations. Even routine business decisions—such as hiring an employee overseas, opening a foreign bank account, or forming a foreign entity—can create significant U.S. reporting obligations. In this episode of Let's Talk Tax, Dave McGuire sits down with Greg Lambrecht, CPA, to discuss the international tax compliance issues CPAs often overlook and the costly consequences that can result when those requirements are missed. The discussion covers how the Tax Cuts and Jobs Act (TCJA) increased the complexity of international reporting, common filing requirements such as Form 5471 and FBAR, examples of businesses unknowingly creating foreign tax exposure, and why proactive planning is critical before expanding across borders. Whether you're advising clients with international operations, foreign investors, overseas employees, or foreign financial accounts, this episode offers practical insights into identifying risks, avoiding penalties, and navigating an increasingly complex global tax environment. 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, June 6th, for the next Let's Talk Tax episode!

    25 min

  6. May 23

    How Credits & Incentives Follow Business Growth

    In this episode of Let’s Talk Tax, TJ Sponsel sits down with Chad Collier to discuss how tax credits and economic incentives can support business expansion, relocation, redevelopment, and capital investment projects. The conversation explores common misconceptions around incentive eligibility, including why many small and mid-sized businesses assume they are “too small” to qualify. TJ and Chad explain how companies can preserve leverage by engaging early in the site selection and exploratory phase before committing to a location, filing permits, or beginning construction. They break down the difference between statutory and discretionary incentives, discuss how state and local governments evaluate projects, and explain why flexibility in location decisions can materially impact available savings. The episode also covers common incentive tools such as property tax abatements, tax increment financing (TIF), job creation credits, low-interest financing, equipment financing, and workforce training grants. TJ and Chad also highlight one of the most overlooked aspects of incentive deals: compliance and reporting. Without proper follow-through after project approval, businesses may fail to realize negotiated savings. Topics discussed include: • Tax credits and incentives for business expansion• Site selection strategy and location advisory• State and local economic development incentives• Property tax abatements and TIF incentives• Job creation and capital investment credits• Timing and leverage in incentive negotiations• Statutory vs. discretionary incentives• Incentive compliance and reporting requirements• Real-world incentive project examples and ROI benchmarks Examples discussed include: • A $2.3M manufacturing project that secured approximately $230K in incentives• An $8.5M expansion project that generated nearly $1M in tax abatements and incentive savings 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, May 30rd, for the next Let's Talk Tax episode!

    14 min

  7. May 16

    From Bonus Depreciation to QPP: Planning Opportunities Under OBBBA

    In this episode of Let's Talk Tax, host Dave McGuire sits down with Mike Hammel, MAcc, to unpack how OBBBA depreciation changes are reshaping tax planning for CPA firms, manufacturers, and commercial real estate owners.The discussion explores how 100% bonus depreciation planning is being impacted by binding contract rules, construction timelines, acquisition dates, and placed-in-service requirements — including why some taxpayers expecting full expensing may instead be limited to 40% bonus depreciation. Dave and Mike also break down how cost segregation studies accelerate deductions by identifying 15-, 7-, and 5-year property within commercial buildings, and why pairing a building acquisition with future renovations can create additional opportunities through Qualified Improvement Property (QIP). The episode then dives into Qualified Production Property (QPP), one of the most talked-about manufacturing incentives under OBBBA. Mike explains how certain manufacturing-dedicated real property may now qualify for bonus depreciation, what areas of a facility may or may not qualify, and why updated regulations are helping CPA firms navigate prior gray areas. Additional topics include: Manufacturing-focused tax incentives under OBBBACost segregation planning for new construction and acquisitionsPassive activity and deduction limitation considerations3115 look-back studies and retroactive cost seg opportunitiesWhy QPP is a current-year election and cannot be claimed laterHow depreciation planning interacts with Section 174 and NOL limitationsWhy 2026 may become a major tax planning year for CPA firmsWhether you advise manufacturers, real estate investors, or closely held businesses, this episode highlights why proactive depreciation planning is becoming more critical than ever. 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, May 23rd, for the next Let's Talk Tax episode!

    21 min

  8. May 9

    Top Growth Markets—and Why Office Vacancy Is Creating Hidden Opportunities

    Host Dave McGuire sits down with Matthew Barnhill , who leads McGuire Sponsel’s property tax practice from the Dallas office, to discuss how elevated office vacancy rates in major growth markets are creating hidden property tax opportunities. From Dallas and Austin to Nashville, Charlotte, and Indianapolis, many office properties continue to face slower leasing activity and higher vacancy levels post-COVID. Matthew explains how commercial office buildings are commonly valued using the income approach, why assessors may still assume stabilized occupancy, and how that can lead to overvaluation and higher property tax liabilities. The conversation explores structural vs. temporary vacancy, how vacancy differs building by building, January 1 valuation dates, Class A vs. older office buildings, office-to-residential conversion scenarios, and how cap rates and net operating income influence assessments. Dave and Matthew also discuss how CPAs can use rent rolls, financial statements, and declining property performance to help identify reassessment opportunities for clients. Whether you're a CPA, commercial property owner, or real estate investor , this episode breaks down how changing office market conditions may create opportunities to reduce property tax exposure. 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, May 16th, for the next Let's Talk Tax episode!

    23 min
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Trailer

Ratings & Reviews

5
out of 5
6 Ratings

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
    76
  • Rating
    Clean
  • Copyright
    © McGuire Sponsel
  • Show Website
    Let's Talk Tax

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