The Commercial Appeal Names Reynolds Bone & Griesbeck, Plc A Winner Of The Memphis Top Workplaces 2021 Award

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The Commercial Appeal Names Reynolds Bone & Griesbeck, Plc A Winner Of The Memphis Top Workplaces 2021 Award

Reynolds Bone & Griesbeck, PLC is pleased to announce that the firm was recently named to Commercial Appeal’s list of the Memphis Top Workplaces for 2021. This is the ninth time that the firm has appeared on the list, consecutively. 

“This award says so much about a firm and its values,” said Skeet Haag, CPA, Managing Partner of Reynolds Bone & Griesbeck, PLC. “I am incredibly proud of the exceptional workplace that we have created and thrilled that we have, again, been recognized by the Commercial Appeal.” 

The Top Workplaces list includes public, private, and nonprofit organizations and is developed solely base upon employee feedback gathered through a third-party survey. The anonymous survey measures several aspects of workplace culture including alignment, execution, and connection. Visit commercialappeal.com to view this year’s list in full. 

“Without the hard work that our team members put in every day, our firm would not have achieved the success that we enjoy today,” continued Haag. “I strongly believe that the quality of workplace that we provide directly correlates with the ability of my colleagues to put in their best work every day.”
Reynolds Bone & Griesbeck PLC is a premier CPA and advisory firm known for providing high-quality tax, accounting, auditing, and advisory services to a wide variety of clients. By investing in the next generation of professionals, RBG will continue its 104 year history of challenging and inspiring our people and clients to achieve their goals while creating lasting legacies. 

Ways to Keep Adult Children from Becoming a Financial Liability

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Ways to Keep Adult Children from Becoming a Financial Liability

This article explains several scenarios where your child may be asking you for financial help. First, they may have taken many loans and want your help with EMIs. The author suggests turning the child to a financial advisor to keep your finances intact. Secondly, the child may want a loan to help with a start-up company. If the child has mentioned this scenario before, then hopefully it makes sense for the parents to hand out a loan without interest with a direct time frame on when it needs to be paid back. Another scenario involves a child who wants frequent handouts. The author suggests getting a financial advisor or even seeking counseling. For more guidelines to help with your family business issues, click the link.

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Reynolds, Bone & Griesbeck PLC Announces New Promotions

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Reynolds, Bone & Griesbeck PLC Announces New Promotions

Reynolds Bone & Griesbeck PLC (RBG) is pleased to announce the promotions of Brandon McLarty and Hunter Wooley. 

McLarty completed an internship at the firm in 2018 before joining the staff full time in 2019. Wooley also began his time at RBG as an intern, working in the audit department in 2019 before joining the full-time staff in 2020. With their promotions, McLarty and Wooley take on the role of senior, with McLarty serving in the tax department and Wooley serving in the audit department. 

McLarty is a graduate of the University of Mississippi, where he earned both a Bachelor of Accountancy and a Master of Accountancy. He currently resides in Memphis. In his free time, McLarty enjoys golfing, hunting, and watching sports. 

Wooley is also an alumnus of the University of Mississippi. He graduated with a Bachelor of Accountancy and continued his studies at the same institution to complete a Master of Accountancy. Originally from Ripley, Mississippi, Wooley now lives in Memphis. He likes to spend his free time hiking, walking his dog, and cheering on the Ole Miss Rebels.  

“I am very pleased to congratulate Brandon and Hunter on their promotions,” said Skeet Haag, CPA, managing partner of RBG. “It is always exciting to see former interns not only join our staff but also grow and take on new responsibilities within the firm. I am confident that they will continue to provide exemplary service in their new roles.”

Tax Deductions and Credits to Consider in 2022

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Tax Deductions and Credits to Consider in 2022

This article discusses how there are two main strategies that individuals can take advantage of in order to lower their tax bills, deductions, and credits. While tax deductions lower your taxable income, tax credits are “a dollar-for-dollar reduction to your tax bill.” However, many people do not know of or forget about all the things that can qualify as either a deduction or credit. For example, tuition and fees deductions, educator expenses, and home office deductions are just a few. No matter the industry that you operate in, be sure to check out this link for the full list and to save as much money as possible this tax season!

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Estate Planning Should Include What Happens to Digital Assets and Cryptocurrency

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Estate Planning Should Include What Happens to Digital Assets and Cryptocurrency

This article explains how the assets people own have become more complicated, making it a little more difficult to include everything in your will. Only about 46% of Americans have made provisions for how their money and estate should be handled, according to a 2021 Gallup poll. Abby Schneiderman, co-founder and co-CEO of Everplans, which helps people create accounts to store their wills, passwords, and funeral wishes, suggests taking an inventory check of your digital assets and making sure that the assets are accessible at all times by sharing the passwords of your phone and computers with someone else. She also suggests making a plan for pets as well as plans for sentimental items. Providing access to online financial assets to someone you trust is especially important for cryptocurrencies, because if you are gone and nobody else knows how to access it, then it will be gone forever.

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Embracing a New Era of Innovation in 2022

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Embracing a New Era of Innovation in 2022

This article explains the importance of building your company's online structure in a growing technological world. Technology is more powerful than ever challenging a business to restructure in new ways where it can sustain itself in a new market. It offers an opportunity to grow in every aspect because every facet of your brand can be tracked. The key element to success is finding a mission to stand behind which can build up you and the people you work with.

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The Benefits of Business Valuation for Small Businesses

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The Benefits of Business Valuation for Small Businesses

This article demonstrates the possibilities a small business can pursue after receiving a valuation. A valuation can give small business owners benefits such as tracking progress and “a road map to deliberate decision making.” Some other benefits that come along with a business valuation include access to more investors, better decision making to improve your business value, sale value, understanding where your business fits in the industry, and finally obtaining a true company value. Business valuation is great from an investor's standpoint because it will allow them to see where the money is going and if their investment will generate a smart return. A valuation will also enable the owners of the business to see where their progress lies on a national scale.¬†

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The importance of Having a Plan When Including Family in Business

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The importance of Having a Plan When Including Family in Business

In this article Jolene Brown, a family business consultant points to four major mistakes when breaking down a family business. She firstly points out that assuming all genetic relationships equal good working relationships is wrong. Brown says “acceptance in a family should be unconditional, but acceptance into a business should be conditional and is not a birthright.” Her second suggestion is to stop believing that the business can financially support any and all family members who want to work together. Brown suggests checking your business‚Äôs financial ratios to see if you are financially capable of paying them. Brown's third tip is to stop assuming others should change, but not themselves. Her final tip is to avoid presuming a conversation is a contract. Brown mentions how if the contract is verbal then it does not count until it is written on ink.

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What the End-of-Work Landscape Looks Like Now

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What the End-of-Work Landscape Looks Like Now

This article discusses how the coronavirus pandemic forced many employees to look towards their 401(k) plan in order to borrow cash for personal financial burdens. However. “About 47% of employees who took a retirement loan say they ended up taking more than they needed,” according to research from Voya Financial. Through the years, more and more employees are expecting that they will have to work part-time in retirement because of financial instability. However, as an employer, offering a good retirement plan, using automatic enrollment, and utilizing government programs can all help your employees be in the best possible position when the time comes for retirement. Be sure to check out this link for more information and details!

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Things to Consider When Planning Your Family Business Succession

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Things to Consider When Planning Your Family Business Succession

This article explains why family businesses continue to generate 70-90% of global GDP annually. Ernst and Young reported that “the largest 500 family businesses constitute the third-largest economic contribution in the world by revenue and employ 24.1 million people worldwide.” Family businesses will thrive if they continue to follow four categories: the nature of change, talent in transition, the advisor advantage, and the not-so-secret family recipe for success. In the ‚Äúnature of change‚Äù category, digitalization, changing priorities, and passing the torch play key roles in family business success. Digitalization has become extremely important since the Covid-19 pandemic arose. Within the ‚Äútalent in transition‚Äù category some key concepts include professionalization, strengthening governance, succession, and bringing outsiders in. Some concepts to look for in ‚Äúthe advisor advantage‚Äù category are confidentiality, objectivity, attracting talent, understanding the family and the business, and diversity. The ‚Äúnot-so-secret family recipe for success‚Äù includes the long view, family control, and values. Following these fifteen considerations can help a family business continue to be successful.

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