McGuire Sponsel

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McGuire Sponsel is a national specialty tax consulting firm providing R&D Tax Credit Services, Fixed Asset Services, Global Business Services, and Location Advisory Services.

Government-funded work is not automatically excluded from the .For CPAs advising government contractors, determining el...
09/16/2026

Government-funded work is not automatically excluded from the .

For CPAs advising government contractors, determining eligibility requires a closer look at the contract, not just the customer. Contract language, financial risk, research rights, fee structure, and the underlying activities can all affect whether a project qualifies.

In our latest blog, Jacob Byerly, EA, explains what CPAs should evaluate, including:

🔍 Prime contracts, funding agreements, and statements of work
🧪 Activities that may satisfy the Section 41 four-part test
đź’» Potential QREs such as wages, supplies, cloud computing, and contract research
đź“„ Considerations for SBIR/STTR projects and subcontractor costs

Read the full blog to learn how a project-by-project review can uncover meaningful, defensible credit opportunities for government contractor clients: https://bit.ly/4h7IAOI

Congratulations to Rae-Ann Knaga Hopwood on 5 years with McGuire Sponsel! 🎉As our Controller, Rae-Ann plays an essential...
09/14/2026

Congratulations to Rae-Ann Knaga Hopwood on 5 years with McGuire Sponsel! 🎉

As our Controller, Rae-Ann plays an essential role in keeping our firm organized and moving forward. Her hard work, attention to detail, and commitment to supporting our team have made her an invaluable part of McGuire Sponsel over the past five years.

Thank you, Rae-Ann, for everything you do behind the scenes and across the firm. We're grateful to have you on our team and excited to celebrate this milestone with you!

Congratulations to Nick Cimmarusti, EA, on 5 years with McGuire Sponsel! 🎉As a Senior Tax Consultant on our R&D Tax Cred...
09/11/2026

Congratulations to Nick Cimmarusti, EA, on 5 years with McGuire Sponsel! 🎉

As a Senior Tax Consultant on our R&D Tax Credits team, Nick has contributed to the growth of the practice in many ways, from supporting team development and technical projects to helping expand our presence in the Texas market. His expertise in audit defense and commitment to our clients continue to make him a valuable part of the team.

Thank you, Nick, for everything you’ve brought to our firm over the past five years. We’re lucky to have you on our team and excited to celebrate this milestone with you!

As we mark 25 years since September 11, 2001, we remember the lives lost and honor the survivors, first responders, love...
09/11/2026

As we mark 25 years since September 11, 2001, we remember the lives lost and honor the survivors, first responders, loved ones, and countless others forever changed by that day.

We also reflect on the strength communities across the country showed in the days and years that followed.

Twenty-five years later, we will never forget.

Federal tax incentives are creating new opportunities for U.S. manufacturers, but state tax treatment could increasingly...
09/11/2026

Federal tax incentives are creating new opportunities for U.S. manufacturers, but state tax treatment could increasingly influence where businesses invest and expand.

In his recent Forbes article, Dave McGuire examines how R&D expensing, permanent 100% , and Qualified Production Property intersect with state conformity, property taxes, and decisions.

Read Dave’s full article in Forbes: https://bit.ly/45woEQb

A large engineering firm had more than $2 million in qualified research expenses each year—but had never claimed the .W...
09/10/2026

A large engineering firm had more than $2 million in qualified research expenses each year—but had never claimed the .

Working alongside the company’s CPA, our R&D Tax Credit team evaluated activities and expenses across the 2022–2025 tax years, prepared supporting documentation, and coordinated the company’s Sections 174 and 174A compliance positions. The engagement generated more than $560,000 in total credits.

We also recommended practical improvements to the company’s time-tracking processes to strengthen future substantiation and prepare for Section G reporting requirements.

Read the case study to see how a coordinated approach helped uncover significant tax benefits while positioning the client for stronger compliance: https://bit.ly/4zYPaiV

⚠️ The IRS has issued new guidance affecting how taxpayers coordinate accounting method corrections with accelerated ...
09/10/2026

⚠️ The IRS has issued new guidance affecting how taxpayers coordinate accounting method corrections with accelerated deductions for previously capitalized domestic research expenditures.

Revenue Procedure 2026-32 generally requires taxpayers making both changes to align the recognition period for their positive Section 481(a) adjustment with the selected one- or two-year catch-up deduction period. The guidance also provides transition relief for certain taxpayers applying the prior procedures.

With the September 15 deadline approaching for many extended business returns, CPAs should promptly review their clients’ existing accounting methods, OBBBA elections, and any Forms 3115 already filed or in process.

Read the full update to understand how the new procedures may affect 2025 filings: https://bit.ly/3UL9a8L

An filing may be separate from a federal income tax return, but overlooking it can carry significant consequences for ...
09/09/2026

An filing may be separate from a federal income tax return, but overlooking it can carry significant consequences for clients with foreign financial accounts.

In our latest blog, Greg Lambrecht, CPA, examines how recent litigation highlights the potential severity of FBAR penalties and why the distinction between willful and non-willful violations matters.

He also outlines key considerations for , including:
🌎 Identifying foreign accounts held directly or through businesses, trusts, and other entities
đź“„ Reviewing prior-year filings for completeness and accuracy
⚠️ Addressing missed or incomplete FBARs proactively

Read the full blog to learn what you and your clients should know about FBAR filing requirements and the potential consequences of noncompliance: https://bit.ly/4x6p37d

09/07/2026

Happy Labor Day! Today, we’re grateful for the people behind the work and everything our team does each day to support our clients, colleagues, and communities.

We hope everyone enjoys a well-deserved, safe, and relaxing holiday!

Our offices are closed today and will reopen tomorrow.

Congratulations to Steve Rogers on an incredible 15-year career milestone! 🎉Steve began his journey with Ernst & Morris ...
09/04/2026

Congratulations to Steve Rogers on an incredible 15-year career milestone! 🎉

Steve began his journey with Ernst & Morris in 2011 and became part of McGuire Sponsel following the firm’s acquisition in 2019. Throughout his 15 years, his extensive cost segregation and construction expertise, commitment to our clients, and leadership have made a lasting impact on our Fixed Asset Services practice.

Thank you, Steve, for the knowledge, dedication, and experience you bring to our team. We’re proud to celebrate 15 years and this well-deserved milestone with you!

Address

201 N Illinois Street, Ste 1000
Indianapolis, IN
46204

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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