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McGuire Sponsel Adds 6 Professionals to Atlanta Cost Segregation Practice

McGuire Sponsel of Indianapolis, a specialty tax consulting firm, has added six professionals to expand its Atlanta cost segregation practice, formed in the 2019 merger with Ernst & Morris of Marietta, Ga.

Cost segregation is the process of identifying property assets in order to optimize depreciation deductions for federal tax purposes. The practice has gained popularity in recent years as an effective financial tool.

In addition to cost segregation, the firm provides research and development tax credit studies, international tax, and credits and incentives. McGuire Sponsel shareholder David McGuire is a national expert on cost segregation, fixed assets and depreciation law.

“With the recent passage of Tangible Property Regulations, the PATH Act and the 2017 Tax Cuts and Jobs Act, industry professionals are consulting more closely with specialty firms, moving away from the idea of cost segregation and other specialty tax services as commodities,” says McGuire. “The addition of these expert professionals positions our firm for continued success.”

The Atlanta professionals are:

Craig Fouts, manager of the Atlanta cost segregation practice, has relocated from Indianapolis. Fouts will serve as the technical lead for the practice and will be responsible for client consultations, leading the project review process and training employees as well as oversight of day-to-day operations.

Daryl Letlow, cost segregation tax manager, formerly with Ernst & Morris, will review client costs associated with construction and the acquisition of property and analyze accounting documents to maximize client tax benefits.

Michael Hammel, tax consultant, will focus on client service and providing credits and incentives consultation to a variety of partners in the region.

Davis Wilhoit and Kareer Kharleed, tax consultants, will conduct cost segregation studies by identifying a building’s qualified assets and associated costs, then classifying those assets to optimize the client’s depreciation deduction.

Mark Huston, tax consultant, is relocating to McGuire Sponsel’s Atlanta office from the Indianapolis headquarters. Huston will provide risk advisory services and prepare tax credit calculations and data analyses for the firm’s research and development tax credits practice.

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McGuire Sponsel Adds International Tax Practice

McGuire Sponsel of Indianapolis, a specialty tax consulting firm, has acquired Raleigh, N.C.-based Align Global Consulting, an international tax firm.

TJ Sponsel II, McGuire Sponsel managing shareholder, says, “Our clients have expressed a true need for a critical and complex international tax solution. Align Global’s technical experience, cultural and commercial awareness and appreciation for the CPA/client relationship made it the obvious choice to bring a solution to the market.”

Sean King, founder and president of Align Global Consulting, will join McGuire Sponsel and lead the firm’s new international tax practice. King’s portfolio includes multiple large-scale agreement negotiations with some of the world’s most recognizable brands. King counsels clients on international corporate structuring for both outbound operations of U.S. multinationals and inbound operations of foreign multinationals.

The addition of Align Global introduces international tax to McGuire Sponsel’s technical tax expertise and enables local and regional CPA firms to fill a void. McGuire Sponsel now offers expertise in global expansion, global business structuring, cross-border transactions including transfer pricing, and international tax planning for outbound and inbound investments.

In May 2019, the firm doubled its cost segregation practice through the acquisition of Ernst & Morris. The firm now offers R&D tax credits, cost segregation, international tax (including IC-DISC) and credits and incentives.

McGuire Sponsel, Ernst & Morris Announce Union

McGuire Sponsel of Indianapolis, a specialty tax and consulting firm, announced a merger with Ernst & Morris of Marietta, Ga., which specializes in cost segregation.

McGuire Sponsel also specializes in cost segregation, which is the process of identifying property assets in order to optimize depreciation deductions of federal taxes. The firm also focuses on various tax credits and incentives.

Firm leaders say the merged entity, which will operate as McGuire Sponsel, was “piloted by choice and a mutual opportunity to offer additional benefits to clients.”

TJ Sponsel, co-founder and managing shareholder says, “Beyond the combination of significant cost segregation expertise, we share important core values and the foundational belief that successful relationships are built on trust and integrity. We also share a commitment to serving clients with an unmatched passion for this business, focused on clients and meaningful collaboration.”

Ernst & Morris is one of the nation’s oldest and largest firms dedicated to cost segregation studies. The firm, founded in 1993, operates in all 50 states – for both CPA firms and property owners.

“Merging with McGuire Sponsel provides tremendous opportunity for our clients, beginning with access to additional practices and a seasoned research and development practice to complement our work in cost segregation,” says Alan Smith, managing director at Ernst & Morris.

“This is a substantial combination of industry forces,” says Gary Shamis, CEO of Cleveland-based Winding River Consulting. “McGuire Sponsel has quickly developed a national reputation for high-level advisory work, and Dave McGuire is a leading industry expert. Ernst & Morris is an industry pioneer and considered to be one of the top cost segregation boutique firms in the country. It’s a sizable concentration of technical expertise, proven track records and client-focused service.”

McGuire Sponsel Acquires Export Assist

Indianapolis-based McGuire Sponsel, a national tax and consulting firm has acquired Export Assist, a leader in providing tax benefit programs to U.S. exporters.

Export Assist will continue to operate under its current name. Mark O’Dell and Tedder Schwarz, senior consultants at McGuire Sponsel, will lead Export Assist as principals.

Export Assist will continue its primary focus on interest charge domestic international sales corporation (IC-DISC). IC-DISCs provide a permanent tax savings opportunity for qualifying U.S. exporters to increase their ability to compete globally by reducing U.S. tax liabilities. Beyond tax reduction, an IC-DISC can be used to increase liquidity, supply ongoing financing, create management and employee incentives and eliminate double taxation.

“Export Assist enjoys a tremendous reputation, built by industry pioneer Joe Englert,” says T.J. Sponsel, McGuire Sponsel’s managing director. “Our acquisition seeks to build on his legacy and drive company growth utilizing McGuire Sponsel’s significant IC-DISC experience and national specialty tax expertise.”

“Export Assist clients understand the many benefits of IC-DISCs for their export operations,” says Sponsel. “We’re going to take those benefits to the next level, combining innovative strategies with a national support team of seasoned experts.”