Monthly News & Updates

July 2026

Trump Accounts Go Live July 4. Here’s What to Do Now

With the federal launch of Trump Accounts scheduled for July 4, 2026, parents and family members who want to jump-start a child’s retirement savings face a rapidly approaching deadline to get accounts activated. The program promises a $1,000 seed contribution (read: free money from the government) for babies born between 2025 and 2028 and allows parents, employers, and certain charities to add money to a child’s account. But not all signups are created equal: people who filed IRS Form 4547 with their 2025 tax return should have a much smoother activation path than those who used the simpler web sign-up. This article walks through what to expect from Treasury correspondence, what to do if you haven’t signed up, common ID hurdles, and who can contribute.

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How You May Benefit from Integrated Wealth-Management and Tax-Return Preparation Services

In recent years, clients have benefited dramatically as their financial advisors have adopted increasingly “holistic” approaches to wealth management. In addition to foundational portfolio-management services, many of the industry’s most capable firms now offer tax planning, estate planning, risk management, and other services such as retirement, education, philanthropic, and cash-flow planning.

The Side Hustle Tax Trap Hitting Gen Z

Why So Many Young Workers Are Getting Blindsided by Taxes — Even When They’re “Just Making Extra Money”

A lot of Gen Z workers are making money in ways nobody really prepared them for. Not through one traditional job. But through a mix of things:

freelance work
creator income
side hustles
online sales
contract work
TikTok monetization

One income stream becomes three. Three become five. And at first? It feels exciting. Flexible. Independent. Modern. You can make money from your phone. Turn hobbies into income. Build an audience. Monetize skills. Work without a boss.

How QuickBooks Online Can Cut Your Bookkeeping Time in Half

You know how it goes. You log into QuickBooks Online to record a customer payment. While you’re there, you realize there are some invoices you need to create and send. You must not have categorized and posted transactions for a while since there are a couple dozen in the Pending list. A customer has accepted an estimate, so you need to get that project moving.

Service Highlight

Mergers & Aquisitions

Whether you’re buying, selling, or merging, Squire acts as your trusted partner throughout the transaction.

Comprehensive Support

Our M&A professionals work closely with our tax, audit, and technology teams to provide a holistic view of each transaction. This integrated approach helps you maximize value, streamline operations, and minimize risk.

Our Services Include:

Transaction strategy and readiness assessments
Accounting cleanup and GAAP consulting
Financial due diligence
Quality of earnings reports
Tax structuring and analysis

Information security due diligence
Post-merger integration planning and support

Contact our Advisory team to start a conversation about how we can support your merger or acquisition strategy.

Savannah Whetman

801-228-2062

savannahw@squire.com

Upcoming Events

Join Squire Wealth Advisors and Kevin Grogan from Focus Partners for our quarterly webinar series, where we will discuss the current market landscape and what investors need to know.