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.
One of the primary drivers of the new ASC 842 lease accounting standard is to provide more comparable, transparent, and reliable financial information to financial institutions. While the process of adopting ASC 842 is a painstaking endeavor, it should ultimately help bankers and financiers more accurately assess your company’s financial position when making lending and […]
As we reach the end of the year and look ahead to the start of a new year in 2020, I continue to be humbled by the amazing relationships we have built with our client companies. Whether we have worked together for many years or just started working together this year, our entire CPA firm […]
Reynolds & Associates president Gene Reynolds and senior associate Daniel Garcia gave an important presentation to entrepreneurs and small business owners on Saturday morning, October 26, 2019. Mr. Reynolds and Mr. Garcia discussed tax issues and tax considerations in front of approximately 40 attendees during the “Threads of Success” portion of the 2019 Houston Quilt […]
Reynolds and Associates was a proud sponsor of the 2019 Heights Chamber Gala held Friday, September 20 at the Junior League in Houston. We appreciated the opportunity to participate in the event as a Gold sponsor of this year’s Gala, which carried a “Chamber 54” theme to draw in a trendy crowd from the Houston […]
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 […]