Monthly News & Updates

December 2025

Squire Announces Acquisition of HintonBurdick

This week Squire, announced its acquisition of HintonBurdick, a respected regional CPA firm with offices across Utah, Arizona and Nevada. The acquisition becomes effective January 1, 2026. The combination strengthens Squire’s position as one of the largest CPA firms in the state while providing HintonBurdick with expanded resources and additional support for continued growth. Together, the firms will broaden their reach and service capabilities throughout the Intermountain West.

Built on a shared commitment to exceptional client service, deep community roots and forward-thinking leadership, the integration unites two firms that share a vision for growth, innovation and long-term client success across the Intermountain West.

“This partnership represents the best of both worlds,” said Jonyce Bullock, CEO of Squire. “HintonBurdick is a well-respected firm with exceptional people and a strong reputation. By coming together, we’re not only expanding our geographic reach, but also deepening our expertise across industries like construction, government, healthcare and tribal enterprises. Most importantly, this acquisition allows us to provide even greater value to our clients and more opportunities for our people.”

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How to Give to Charity Under the New OBBBA Rules

The season of giving is almost here, and now is the perfect time to revisit your charitable plans with your financial advisor. Thoughtful planning can help you maximize both the impact of your gifts and the tax benefits you receive.

Looking ahead, starting in 2026 the new One Big Beautiful Bill Act (OBBBA) will bring important changes to the way charitable giving is treated. If supporting causes you care about is part of your financial goals, here’s what you need to know.

R&D Expensing and Cost Seg Studies: 2025 Updates After OBBBA

By: Sandra Bullo ck, Squire CPA

If you own or help run a business, you may have heard that the One Big Beautiful Bill Act (“OBBBA”) is “bringing back expensing” for research and development and making 100% bonus depreciation permanent. That’s true—but it’s not the whole story.

The new rules create real opportunities for optimizing your tax position. They also introduce new elections, method changes, and state-level quirks that can trip up well-intentioned taxpayers.

This article will walk you through:

What actually changed for R&D under new §174A
How OBBBA makes cost segregation and 100% bonus depreciation more powerful
Why state conformity matters
A simple 90-day action plan to get in front of these changes

Our goal: help you turn a complex bill into a practical, big-picture strategy.

2026 Is Coming: Use QuickBooks Online to Get Ready

You know what it’s like coming back to work from the December holidays. You probably have reams of email to read and maybe orders to fill. If you took more than a couple days off, you have to return phone calls, check in with co-workers and colleagues, and put out any fires that cropped up while you were gone.

Your Annual Reminder to File Worker 1099s

This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for 2025, you are required to issue each one a Form 1099-NEC after the end of the year to avoid facing penalties and the potential loss of the deduction for their labor and expenses.

Filing Due Date: The 1099s for 2025 must be provided to workers and filed with the IRS no later than February 2, 2026.

Upcoming Events

The One Big Beautiful Bill continues to reshape tax planning for individuals and businesses. Join Squire’s tax professionals for a focused seminar on what the new rules mean for 2025 and 2026, and the steps you can take now to prepare.

Service Highlight

Tax Credits & Incentives

Powerful tools to help businesses reduce tax liability, improve cash flow, and reinvest in growth.

R&D Tax Credit:

R&D Tax Credit rewards businesses for developing or improving products, processes, or software. Your business could be eligible if there have been investments in activities like:

Enhancing processes to improve efficiency
Developing new or improved products
Conducting software development
Performing engineering or architectural design

Cost Segregation

Studies:

Who Benefits from a Cost Segregation Study? Businesses and property owners who:

Own or lease commercial real estate
Recently purchased, constructed, or renovated a property
Want to improve cash flow by accelerating tax deductions

If you own property or have made improvements to a building, you could be eligible to save thousands—or even millions—in taxes.

Whether you’re driving innovation through product development or managing commercial property investments, opportunities like the R&D Tax Credit and Cost Segregation Studies can deliver significant financial benefits. Contact our team today!