Year-End Year-Round Tax Planning Guide

Year-end tax planning may be a little easier for 2016. For the first time in several years, taxpayers won't have to wait for Congrassional action on late-year “extenders” legislation to know whether certain popular tax breaks are still available to them. The Protecting Americans from Tax Hikes (PATH) Act of 2015 made some of those provisions permanent and extended others for several years.

This 2016 Year-End Tax Planning Guide highlights various PATH Act provisions, along with other potential opportunities for lowering individual and business taxes. As always, it's best to start planning as early as possible because many strategies will be effective only if they're implemented before year-end.

However, before you act on any of the information presented in the guide, you'll want to obtain professional advice. The federal tax law remains highly complex, and your tax planning should be done within the context of your specific situation. For more information, please contact our office at (901) 682-2431.

Paul Berryhill promoted to Tax Partner

Reynolds, Bone & Griesbeck (RBG) is pleased to announce that Paul Berryhill has been promoted to tax partner. Berryhill previously served as Senior Manager for RBG’s tax department. In his six years with the firm, Berryhill has distinguished himself as a solid mentor to RBG’s young tax professionals and as an authority in the taxation of business entities including state and local, international and multi-state taxation. 


“Paul’s knowledge and experience has been a key part of RBG’s tax practice,” said managing firm member, John Griesbeck. “His international tax experience, knowledge of complex tax issues and his ability to mentor and inspire our staff is a tremendous asset and we look forward to Paul’s continued growth and success as a tax partner.”


Berryhill joined RBG in December 2008 after beginning his career with a large international accounting firm. Since then, he has played an integral role in RBG’s tax practice. Berryhill provides tax and consulting services to a variety of clients with a concentration in federal, state and international taxation of small and large entities and family enterprises, bank taxation, insurance brokerages, individual tax compliance and planning, mergers and acquisitions and federal and state tax controversies. He has been instrumental in bringing new tax engagements to the firm and serving RBG’s business clients. Berryhill shares RBG’s dedication to growing and inspiring young professionals, always making time to coach and mentor RBG’s tax staff. 


“Paul has been truly instrumental in my growth as a professional,” said CPA, Rebecca Jacobs. “He has taken the time to develop a relationship with each of his staff members, going beyond a traditional boss and being a true mentor and friend; someone we can turn to for all matters, both professional and personal. His support is extremely rare and invaluable, and one of the real treasures of working at RBG.”


Berryhill is a graduate of Mississippi State University with a Bachelor of Accountancy and Masters of Taxation. He is licensed to practice in Tennessee and Mississippi and is a member of the American Institute of Certified Public Accountants, the Tennessee Society of Certified Public Accountants, and the Tennessee Society of Certified Public Accountants’ Federal Taxation Committee. He is an avid supporter of the Community Foundation of Greater Memphis, Christ United Methodist Church and the Memphis Maroon Club.