Accounting Firms to See Milestones in ‘13

by Serenah McKay  on Friday, Nov. 9, 2012 8:59 am  

Over the years, the firm’s name changed as it underwent mergers and partners came and went. In 1985, when John Evans joined the firm, it became Barclay, Yarbrough and Evans.

In the mid-’90s, Barclay had the opportunity to work in then-Gov. Mike Huckabee’s administration. He eventually became director of the Department of Finance and Administration, and spent several years in Little Rock.

Barclay’s absence, along with Roger Yarbrough’s retirement, led to the search for a merger partner.

“That’s when we had the opportunity to meet with the partners of Beall and Co. in Fort Smith,” Barclay said, “and we were very fortunate when we were able to work out the details of the partnership.”

The deal was completed in 1997.

“Today we have strong offices in Rogers and Fort Smith, and some outstanding partners,” Barclay said.

The Fort Smith side of Beall Barclay began as Vail & Beall CPAs in November 1963. It, too, underwent several name changes until becoming Beall & Co. PLC in 1990.

Besides its wealth management division, Beall Barclay has added some evaluations work in the last few years and hired a certified fraud examiner, partner Deana Infield said. She said the Rogers and Fort Smith locations consider themselves one office, and, like BKD, often travel between the cities to serve clients.

Infield said the next few years promise to be challenging as businesses and individuals face changes in tax law due to new, proposed or expiring provisions, as well as increased levels of regulation and compliance requirements.

All the unknowns are stressful for people trying to make business decisions, Infield said.

“Our intention is to assist our clients through this process,” she said.

Regarding future plans, Infield said, “As always, we will continue to look for opportunities to grow through mergers and acquisitions and to position our firm to support clients. We do feel that our community involvement is a key to our stability and our long-term success.”

 

 

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