News
2020.04.14 | Business Accounting
3 Succession Planning Best Practices You Need to Consider
As you approach retirement age, you may start thinking about succession planning for your small business. You need a plan to protect the business that you’ve worked so hard to build. A succession plan gives you peace of mind and prepares your business for when you’re gone, or in case the unexpected happens. Even though […]
2020.03.10 | Business Accounting
How to Import TSheets Into QuickBooks
For companies in manufacturing, fabrication, automotive, and similar industries, one of the primary benefits of using QuickBooks Online is improving your time tracking system. Instead of relying on manual time entries and paper recordkeeping, QuickBooks make it easy to import timesheets and create automatic processes around time tracking through TSheets. This system ensures more accuracy […]
2020.02.11 | Business Accounting
2020 Economic Forecast Luncheon: Where Does Houston Stand During Global Uncertainty?
One of the highlights on the calendar for our CPA firm is attending the annual Economic Forecast Luncheon presented by the Greater Heights Area Chamber of Commerce. This year’s luncheon took place on Thursday, January 30 at Sheraton Brookhollow Hotel. We were provided with an insightful look at the Houston economy in 2020, specifically the […]
2020.01.14 | Business Accounting
Why Financial Institutions Care About Your Lease Accounting Practices
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 […]
2019.12.19 | Company News
A Season of Appreciation and Reflection On 2019 Accomplishments
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 […]
2019.11.13 | Company News
International Quilt Market: Gene Reynolds Presents on Tax Issues for Entrepreneurs
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 […]
2019.10.15 | Company News
2019 Heights Chamber Gala: Growth Continues Through Entrepreneurism
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 […]
2019.09.17 | Business Accounting
How to Address Fraud in a Small Business
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 […]
2019.08.12 | Business Accounting
ASC 842 Lease Accounting: How Will Your Business Be Affected?
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 […]
2019.07.15 | Company News
The Benefits of Hiring a QuickBooks Consultant in Houston
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 […]