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Next year's budget should reflect the business you are building. Expected hiring, price adjustments, new equipment, debt payments, and changing expenses all belong in the conversation.
A realistic forecast gives you something practical to measure against as the year unfolds. Our team can help you build a plan grounded in the way your business actually operates.
#BusinessBudget #FinancialForecast #StrategicPlanning #HoustonBusiness
Reynolds & Associates, PLLC. knows real-life heroism isn't just about grand gestures; it’s about consistency, compassion, and showing up when it matters most. We would like to thank everyday heroes such as teachers, nurses, first responders, and volunteers who inspire our community with their quiet courage and selflessness. We would also like to thank the mentors, caregivers, colleagues, and community leaders who quietly make the world a better place.
Please take a moment today to thank someone whose dedication inspires you to be better.
#NationalHeroDay #EverydayHeroes #CommunityStrong #ThankYou #NationalHeroDay #Leadership #Community #Gratitude #Inspiration
Which numbers deserve your attention each month? For many businesses, key performance indicators include margin analysis, accounts receivable turnover, inventory turnover, working capital requirements, and cash flow projections.
A short, consistent review of the right figures can reveal issues before they become larger problems.
If your reports give you plenty of data but very little direction, let’s talk about what is most useful for your business.
#FinancialReporting #BusinessMetrics #CashFlow #HoustonCPA
How the New Tax Law Doubles the Estate & Gift Tax Exemption
Dear Clients, I am writing to inform you about changes to the estate and gift tax exemption made by the massive Tax Cuts and Jobs Act effective beginning in 2018 that will result in many fewer estates being subjected to the 40% tax, and larger estates owing less tax. Before the Tax Cuts and Jobs […]
2017 Year End Tax Planning Letter
Dear Client: We had hoped before this time to have specific tax reform legislation in place. However, work is being done to reconcile differences in the House and Senate versions of the tax reform legislation. So, as the end of the year approaches, it is a good time to think of planning moves that will […]
Recent Tax Developments That May Affect Your Tax Situation
Dear clients, The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to […]
4 Important Tax Developments That You Should Know About
The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the […]
Gene Reynolds: My Way Too Early Predictions on Tax Reform
I have been asked by a number of clients what my prediction is for tax reform in 2017. I guess if we can already be picking the college football national champion to be crowned in 2018 then I can give you my “picks” for the likelihood of the following proposals being enacted into law. The […]
Tax Changes for 2017: A Checklist
Welcome, 2017! As the New Year rolls around, it’s always a sure bet that there will be changes to current tax law and 2017 is no different. From health savings accounts to tax rate schedules and standard deductions, here’s a checklist of tax changes to help you plan the year ahead. Individuals For 2017, more […]
Paying Taxes on Household Help
If you employ someone to work for you around your house, it is important to consider the tax implications of this arrangement. While many people disregard the need to pay taxes on household employees, they do so at the risk of paying stiff tax penalties down the road. As you will see, the rules for […]
Is Canceled Debt Taxable?
Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a debt for which you are personally liable such as mortgage debt, credit card debt, and in some instances, student loan debt. When that debt is […]
Tax Tips for Older Americans
Everyone wants to save money on their taxes, and older Americans are no exception. If you’re age 50 or older, here are seven tax tips that could help you do just that. 1. Standard Deduction for Seniors. If you and/or your spouse are 65 years old or older and you do not itemize your deductions, […]
Earlier Filing Deadlines in 2017 for Forms W-2 and 1099
Starting in 2017 employers and small businesses face an earlier filing deadline of January 31 for Forms W-2. The new January 31 filing deadline also applies to certain Forms 1099-MISC reporting non-employee compensation such as payments to independent contractors. Also of note is that the IRS must also hold some refunds until February 15. A […]