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Squire’s CEO, Jonyce Bullock, Speaks to Parental Leave Policies

 

Squire’s CEO was recently interviewed by the Provo Daily Herald, sharing her story as a working mother, her thoughts on work-life balance and how flexible parental leave policies can be beneficial to companies. 

“I wouldn’t be here, sitting in this seat if somebody 20 years ago had been like, ‘oh, she’s cut back to part time, she’s a mom, we’re gonna stop investing in her,” Bullock said. “These (moms) are going to be employees who are going to gain so much skill and experience over the next five to seven years, that then when they re-engage in the workforce, they’re going to be some of our most valuable people.”

Read the full article here.

 

Squire & Company Announces New Leadership Opportunities for Four Tenured Partners

Squire, the state’s largest locally owned full-service accounting firm, today announced four of its tenured partners have been offered new leadership roles. Audit specialist Amanda Barrett-Brough and tax expert Brandon Allfrey have accepted the positions of Practice Area Leader over their respective areas of expertise for the entire firm. Also taking on new roles of leadership are Greg Hyde and Danny Barlow. Hyde will be Salt Lake City Tax Lead, reporting to Allfrey, and Barlow will be Salt Lake City Audit Lead, reporting to Barrett-Brough.  

The four partners have delivered a variety of practice specialty to Squire for a combined 69 years. Each will now dedicate their expertise as area leaders in their practice areas, strategically focused on growth opportunities, team development, and client service.

Transition in roles of leadership is encouraged at Squire for the purpose of bringing new perspective to the firm, fostering a culture of career growth opportunity, and remaining relevant for potential talent and client acquisition.

“Squire is fortunate to have a large pool of leadership talent,” said CEO Jonyce Bullock. “I consider it an honor and responsibility to provide opportunities for variety and advancement among some very capable individuals. The benefit beyond building an inspirational culture falls to our clients. Good leadership builds an organization that attracts the quality clients we wish to serve.”

Barrett-Brough, Allfrey, Barlow and Hyde are eager to embrace their new roles while continuing to serve their valuable clients in the same capacity they have the past several years.

What is the Advantage of Having a Wealth Management Advisor?

 

What is a Wealth Management Advisor? 

To put it simply, wealth management advisors serve high-net-worth individuals who need assistance and guidance on their financial journey. A wealth management advisor’s role is far more complex than simply offering a client investment advice. The individual and the advisor share in the same goal: to grow and preserve wealth over the long term.

You don’t have to carry the burden of financial management alone. A wealth management advisor can give you one-on-one attention and provide you with ideal planning recommendations based on your personal priorities and preferences.

 

What is the Benefit of Having a Wealth Management Advisor?

Some of the most important aspects and decisions in a person’s life relies on their financial situation. Having an advisor who provides you with a well thought out plan coupled with a solid strategy to back it up, can give you immeasurable peace of mind. A wealth management advisor can monitor your plan, update it as changes arise in your life, and make sure the future of your finances is secure.

There are a lot of questions that you may not realize you even need to ask when it comes to managing your finances. Wealth management advisors answers those questions before being asked, and ensure your money is being managed in the best way possible.

 

What Services Can Squire Wealth Advisors (SWA) Provide?

 A common misconception is that a wealth management advisor is just here to offer advice on investing. This is false. They provide an abundance of services that encompass all parts of a person’s financial life far beyond investment counseling.

Investment Management

SWA likes to begin by exploring your personal financial goals and explain why the advisor feels our strategy may be the right fit for those who are seeking to build or preserve their wealth in wild and woolly markets. Of course, a sensible strategy is best followed by practical implementation, so it’s also worth taking the time to explain how SWA selects the funds they wish to employ.

Retirement Planning

Retirement planning brings with it many important questions. Will your investments keep up with inflation? Are you worried about out-living your money? Are you on track to achieve your financial goals? Do you have a personal financial plan?

SWA identifies your resources, determines your personal goals, and devises a tax-efficient strategy for achieving the retirement that’s right for you. All the planning in the world won’t help if it’s not translated into effective action. SWA helps organize your opportunities, apply evidence-based investing to your efforts and make informed decisions about your assets.

Insurance Review

SWA has a professional responsibility to help you make informed decisions about your financial future. An important step in fulfilling this obligation is to review your life insurance coverage and ensure you are getting the most out of your dollars.

Over the years, many families accumulate a range of insurance policies for a variety of intents. As your family dynamics evolve, you may end up with redundant as well as missing protection for your current risk-management requirements. Insurance may also become an important tool for tax-effective legacy planning.

401(k) Services

Squire and SWA can help you design and implement retirement plans for you and your participants that include the following: Plan Document Creation and Maintenance; IRS and DOL Compliance and Filing; Compliance Testing; TPA Services; Participant Education; Record Keeping; Fiduciary Responsibility Education; Pooled Account and Daily Valuation Investing; Asset Class Investing.

Estate Planning

SWA helps you plan for the disposition of your estate after death and for the perpetuation of family businesses. Squire Wealth Advisors’ estate planning involves the laws of wills, trusts, probate, property, marriage, and state and federal taxation. The goal is to create a practical framework for transforming the richness of your life into a lasting legacy that:

  • Embodies your highest values
  • Preserves your family wealth
  • Protects your loved ones’ well-being
  • Perpetuates your business interests
  • Fulfills your philanthropic intent

 

Are you in need of some financial guidance? Set up a meeting with Squire Wealth Advisors today to learn about the ways we can support you in your financial endeavors.

Honored to Employ a Top 100 QuickBooks ProAdvisor

Squire is pleased to announce that Megan Bronson, manager in the technology and business department at Squire, has been named a 2019 Top 100 QuickBooks ProAdvisor by Insightful Accountant, an independent news and information source written specifically for the small business advisor who needs to stay current on the latest news and offerings in accounting technology, including updates from Intuit, Xero, Sage and the hundreds of add-on products serving small businesses

This list recognizes the leading consultants who have embraced the ProAdvisor program and have leveraged it in order to better serve their clients and grow their own business.

“We’d like to congratulate everyone who made this year’s list,” said Insightful Accountant Senior Technical Editor, William “Murph” Murphy. “We had even more new people join the ranks this year than we were expecting.”

Megan joined the Squire team in 2006 as she finished her Masters of Accountancy degree from Brigham Young University. She has more than 13 years of experience working with businesses across several industries, specializing in QuickBooks consulting and Outsourced Accounting Services for Manufacturing and Distribution clients. Megan is a writer and presenter for Intuit’s Trainer Writer Network and is recognized nation-wide for her early adoption and expertise in QuickBooks Online. It is no surprise her talents and knowledge landed her in Insightful Accountant’s Top 100.

 

If your company is in need of a QuickBooks expert, be sure to reach out to Squire for assistance.  

 

Three Things You Need to Know About the Wayfair Ruling

 

The overturn of 1992’s Quill  ruling has sparked many questions as to how companies that have a multi-state presence move forward with the taxing of their out-of-state sales.

This new Wayfair ruling affects businesses throughout various industries, even beyond online retail sellers. Below are common questions and answers that will help you understand this new ruling, its potential impact to your company, and how you can move forward from here.

 

What is the Wayfair Ruling?

Since the 1992 Quill v. North Dakota ruling, businesses that did not have a physical presence in a state were exempt from collecting sales tax even from those buying from out-of-state. In the recent Supreme Court case of South Dakota v. Wayfair et al., the Court ruled in favor of South Dakota, declaring that physical presence is no longer needed in order for a seller to be required to collect and remit sales tax from their out-of-state buyers regardless of the state in which they reside. In other words, states are allowed to collect sales tax from companies that do not have a physical presence in that state such as a brick-and-mortar location, warehouse, or corporate office if they meet a state’s economic threshold for overall revenue or number of transactions that came from that state.

 

Does this Apply to My Company if I am Not an Online Retailer?

It is correct that Wayfair is solely an online retailer. However, all businesses providing services and products to other states are affected by this ruling. There are a multitude of ways that companies can sell outside of their home-based state aside from online. This ruling can be applied to business deals done over the phone, through a catalog or email, and even via common carrier.

Regardless of how your company is processing transactions, if it is selling to an out-of-state buyer, your company is required to collect sales tax.

 

How does My Company Properly Comply with the Wayfair Ruling Moving Forward?

Review your previous operations regarding sales tax collection, and how you will operate in the future now that sales tax may need to be collected from each of your customers regardless of your physical presence in that state. Determine a plan of action and arm yourself with resources to assist you in your new tax responsibilities. Your company will need to gather data to determine in which states you are currently selling services or products and how you will need to comply moving forward. Depending on your analysis, you may need to hire a third party to guide you through the new changes and ensure your company is within compliance.  

 

As your company navigates its way through the new tax requirements and processes, contact Squire for assistance in evaluating your individual situation and let them help determine how their professionals can serve you. 

 

Squire Lands Placement on Inside Public Accounting’s Top 200 List for Largest Public Accounting Firms in the Nation

Top 200 Firms 2019

The publishers of INSIDE Public Accounting (IPA), the award-winning newsletter for the public accounting profession, announce the release of IPA’s annual financial performance analysis and ranking of the nation’s 400 largest public accounting firms.

IPA’s annual ranking of the 400 largest firms in the U.S. are listed from the multi-billion-dollar Big 4 to firms of roughly $5.5 million in net revenue. The list includes firm headquarters, MP, net revenue, ranking in the previous year and percentage change.

“Our team works hard on a daily basis. Accolades at this level are a direct reflection of our work ethic, dedication to our clients, and passion for what we do,” said Jonyce Bullock, CEO of Squire. “I’m appreciative of our talented team, and have no doubt we will continue to rapidly work our way into the Top 100.”

Placing themselves in the top 200, Squire climbed 22 spots this year to No. 168 up from No. 190 in 2018. Its net revenue came in at $23.8 million. The annual rankings and accompanying analysis paint a comprehensive picture of the state of the profession. 

“Watching our firm grow year over year makes it beyond rewarding to be part of the Squire team,” said Shane Edwards, Office Managing Partner of Squire. “Rising more than 20 spots within one year is definitely an accomplishment of which we’re extremely proud.”