We are blessed to serve our clients and friends, many of whom are owner-operated businesses with roots in Houston, Texas. They each serve as preeminent providers of products and services around the globe.
As a profession, we accountants are not typically known for having strong communication skills. At Reynolds, we have endeavored to create a firm that breaks that stereotype.
We genuinely want our clients to know they are valued at all times. We are responsive to their needs and want to help them achieve their financial goals.
When you think about costs associated with running a business, your mind probably jumps to monthly expenses, insurance, or long-term debt paydowns. You may not think about fraud as a cost, but it can have a tremendous negative impact if left undetected. According to the 2018 ACFE Fraud Report to the Nations, organizations lose five […]
One of the most significant accounting changes this decade is the introduction of a new accounting standard, ASC 842, that will affect how business leases are accounted for. The new lease accounting standard affects all types of businesses — publicly traded, privately held, and non-profits. Fortunately, the ASC 842 effective date has been extended to […]
At the beginning of the year, we reported on the positive economic outlook for Houston businesses in 2019. Now halfway through the year, we are seeing that rosy outlook turn into positive results, as captured by the latest official economic indicators. What does this positive outlook mean for your business? It means more opportunities to […]
The Reynolds and Associates team had the privilege of attending the 2019 Education Luncheon hosted by the Greater Heights Area Chamber of Commerce on May 21. This annual event is important to our CPA firm because of the opportunity to recognize future and current leaders who are making a difference in the Houston area. Two […]
Our CPA firm has been privileged to work with car dealerships that provide excellent service and value to their customers. Unfortunately, many great car dealerships are financially impacted by internal theft. According to a recent report by the Association of Certified Fraud Examiners (ACFE), the average time to identify theft or fraud is 18 months […]
Succession planning is increasingly more relevant for today’s U.S. businesses that are run by baby boomers. According to statistics published by this business brokers association: Retiring baby boomer business owners will sell or bequeath $10 trillion worth of assets over the next two decades. Assets are held in more than 12 million privately owned businesses. […]