Squires & Lee PLLC

09/04/2026

Reminder... Squires & Lee will be closed Monday, September 7th, in observance of Labor Day. We will resume normal business hours on Tuesday, September 8th.

09/04/2026

Offering severance can help employers manage difficult workforce transitions. But if you’re considering it for your organization, be sure to account for the total financial impact beyond the payment itself. Severance generally constitutes taxable wages subject to withholding and employment taxes. Meanwhile, accrued paid leave, continuation of benefits and professional fees may add to the total cost of an employee’s departure. Payment timing can also affect your cash flow. And because state laws govern how severance may affect unemployment benefits, don’t assume it will prevent a claim. Contact us to evaluate all the tax and financial implications.

09/03/2026

09/02/2026

Our office will be closed Monday, September 7th, in observance of Labor Day. We will resume normal business hours on Tuesday, September 8th.

09/02/2026

Robust sales don’t always translate into strong profits. A popular product could produce disappointing returns when you account for discounts, shipping, returns and support costs. At the same time, a lower-volume product could quietly generate an attractive profit margin. Product-level analysis can show where you’re generating the most profit. No single measurement will provide all the answers, but gross margin and contribution margin are critical. You should also evaluate product profitability by sales channel and customer segment. Contact us for help developing a practical approach to turning product data into profitable decisions.

09/01/2026

Could your traditional 401(k) or IRA balance be too large? Maybe!

Contributing as much as you can to tax-deferred retirement accounts can be a good idea. Contributions are pretax or deductible, and tax-deferred compounding can turbocharge growth.

But sometimes maximizing tax deferral is counterproductive. This may be true if tax rates increase by the time you pay tax on distributions. Also, retirement plan distributions are taxed at your ordinary-income rate, not your long-term capital gains rate. So you may pay a higher tax rate on dividends and growth than you would if you held the investments in a taxable account.

Fortunately, there are strategies that can help. Contact us to learn more.

08/28/2026

Employees may occasionally need to take medical leave, creating a difficult situation for both the individual and organization. A formal return-to-work program can help you support these workers while mitigating the operational and financial impact. Such programs take a systematic, thoughtful approach to communicating with employees on leave and easing their transitions back to work. Best practices include starting early, designating a clear contact, and establishing a consistent approach for evaluating work-related restrictions and potential adjustments in line with federal and state laws. We can help you explore the financial impact of implementing a return-to-work program.

08/26/2026

A business valuation prepared by a qualified professional can play a critical role in transactions and strategic decisions. These include business sales, M&As, litigation, estate planning and buy-sell agreements. Because valuation professionals analyze a wide range of qualitative and quantitative factors, the process can reveal opportunities to boost performance and maximize return on investment. Understanding key concepts — including fair market value, fair value, going-concern value, and valuation premiums and discounts — helps owners interpret results and make more informed decisions. Contact us to learn more.

08/25/2026

Teachers and other educators often spend their own money on books, supplies, equipment and other classroom needs. For 2026, eligible educators may have two ways to deduct qualifying unreimbursed expenses: A deduction of up to $350 is available whether or not they itemize, and a new deduction with no dollar cap is available to itemizers. Educators eligible for both deductions can first claim the above-the-line deduction and reap the benefits of reducing their adjusted gross income and, if they have eligible expenses in excess of $350, claim the itemized deduction for those excess expenses. (Educators can’t claim both deductions for the same expenses.) Contact us to see if you may be eligible.