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.

Avii and Squire & Company Collaboration

AviiTM, provider of the Avii Workspace TM integrated SaaS platform for tax, audit, advisory, management consulting and compliance firms, has been selected by Squire, one of the nation’s largest regional accounting firms and Utah’s largest locally-owned accounting firm, as its practice management technology solution.

Read Full Press Release

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.”

Squire Joins ElevateHER™ Challenge

Squire is happy to announce we have accepted The Women’s Leadership Institute’s ElevateHER™ Challenge. We are excited to join more than 225 other visionary businesses who are taking the challenge!

The Women’s Leadership Institute (WLI) was founded in 2015 under the direction of CEO Patricia Jones. Its mission is to elevate the stature of women’s leadership in Utah in both business and in politics. WLI began the ElevateHER™ Challenge in May 2015. The Challenge encourages companies and organizations to focus on creating internal change in at least one of six areas: 

  1. Increase the percentage of women in senior leadership positions.
  2. Increase the retention rate of women at all levels of your organization.
  3. Increase the number of women on your board of directors.
  4. Monitor pay by gender and close identified gaps.
  5. Establish a leadership development, mentoring and/or sponsorship programs for women.
  6. Recruit women to run for public office.

“There is a new urgency of women’s leadership,” says Patricia Jones, CEO of the Women’s Leadership Institute. “Companies in all industries are seeing the need to attract, hire and promote female employees. Through the ElevateHER Challenge, WLI is now working with more than 225 companies and organizations and offering best practices to successfully implement the ElevateHER Challenge.”

This year, Squire along with 34 more companies and organizations joined the ElevateHER™ Challenge, bringing the total involved to 229.

For more information on the challenge, visit: wliut.com/elevateher-challenge/

Squire Named One of the 2019 Accounting Today’s Best Accounting Firms to Work for

Squire was recently named one of the 2019 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.

This survey and awards program are designed to identify, recognize and honor the best employers in the accounting profession, benefiting its economy, workforce and businesses. The list is made up of 100 firms.

To be considered for participation, firms had to fulfill the following eligibility requirements:

  •  Must be an accounting firm.
  •  Have a facility in the United States;
  •  Have a minimum of 15 employees working in the United States;
  • Must be in business a minimum of 1 year

“Our employees are the reason we have happy clients. Therefore, we strive to create an open, honest, and ever-adapting environment to foster growth and development,” said Jonyce Bullock, CEO of Squire. “The future is bright for us and we are excited to continue practices that better our team in all aspects.”

Firms from across the United States entered the two-part survey process to determine Accounting Today’s Best Accounting Firms to Work for. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top firms and the final ranking. Best Companies Group managed the overall registration and survey process, analyzed the data and determined the final ranking.

“The firms on this list represent the best workplaces in the accounting profession,” said Accounting Today Editor-in-Chief Daniel Hood. “They are outstanding places to build a career.”

For more information on Accounting Today’s Best Accounting Firms to Work for program, visit www.BestAccountingFirmsToWorkFor.com.

Squire | 2019 Daily Herald Best of Utah Valley

We are proud to announce that Squire has received, not just one, but four Daily Herald “Best of Utah Valley” awards for 2019!

Through the Daily Heralds public voting process Squire has been named the Best of Utah County in four different categories:

  • 1st Place Best Accountant
  • 1st Place Best Tax Service
  • 1st Place Best Customer Service – Professional Services
  • 3rd Best Employer

Squire is grateful to all who voted and are honored to have placed in these prominent categories. Thank you to all our Squire friends in the Utah Valley community, we look forward to our continuing relationship!


Sarah Campbell
p //
Other articles by this author

Squire Announces Three New Partners and Leadership Changes at Annual Retreat

Salt Lake City, UT: 

Last month at its annual retreat, Squire & Company CEO, Jonyce Bullock, announced three new partners to the firm: Amanda Barrett-Brough, Matt Geddes, and Kevin Johnson.

“I look forward to working with our new partners in their new capacity,” said Bullock. “They are each experts in their fields and we are lucky to have them at Squire.”

Amanda is a Certified Public Account who joined Squire in 2005 after receiving a Bachelor of Science from Utah Valley University and a Master of Accountancy from the University of Utah. She works primarily in assurance services, specifically in real estate, manufacturing, insurance, HUD-approved programs, and technology and life science. She regularly attends the IASA (Insurance Accounting & Systems Association) local chapter meetings as well as the Utah Valley Chamber of Commerce Women Business Network, VentureCapital.org, Women Tech Council, and Corporate Alliance events. As a member of the UACPA Financial Literacy Committee, she has the opportunity to teach people in the community courses on financial literacy. She is a 2016 AICPA Leadership Academy graduate—an academy that selects only 50 people in the country to attend annually. Amanda leads Squire’s Women Improving Professionally group. She is working with the AICPA Women’s Initiatives Executive Committee (WIEC) to help them create women initiative resources for CPA firms. Squire is one of three CPA firms selected in the nation to go through a women’s initiatives pilot program with WIEC.

Matt Geddes is a member of our assurance services team. He oversees audits of for-profit entities, local governments, and employee benefit plans. Matt volunteered as a lead adopter to the AICPA’s Single Audit and Employee Benefit Plan Audit Certificates and was among the first in the nation to be awarded these certificates which demonstrate his technical expertise in performing single audits in accordance with Uniform Guidance and performing audits of Employee Benefit Plans. Matt is also a member of the Government Finance Officers Association, American Institute of Certified Public Accountants, and the Utah Association of Certified Public Accountants. Before joining Squire in 2008 he earned both a Bachelor of Science and a Master of Accountancy from Utah State University.

Kevin Johnson joined Squire in the Advisory group in 2004 and graduated from Brigham Young University with a master’s in information systems management degree in 2006. Kevin is an expert in Microsoft Dynamics GP, Microsoft Dynamics 365, Microsoft SQL Server and Excel. Since joining Squire, Kevin has helped countless companies through ERP implementations, training and custom integrations. He currently serves on the Business and Marketing Advisory Board for the Alpine School District and is also involved with Silicon Slopes and the Utah Technology Council. Kevin also leads the technology and life sciences group at Squire.

Squire & Company also announced changes in practice area leadership.

Two of Squire’s four practice areas have new leadership.  Reuben Cook will assume leadership of the Advisory Practice Area from K. Tim Larsen, and Wayne Barben will assume leadership of the Wealth Management Practice Area from Tim Christensen.  We thank both Tim Larsen and Tim Christensen for their practice area leadership and look forward to their continued support of the firm in their regular partner responsibilities.