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Professional Services for Automobile Dealerships and Their Owners

Apr 18, 2017
We have provided accounting, auditing, tax and consulting services for automobile dealerships and owners across the U.S. for more than 30 years.
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Accounting Careers of Tomorrow

Apr 13, 2017
Our firm is honored to partner with the Avron B. Fogelman Professional Development Center at the University of Memphis to host Accounting Careers of Tomorrow, a focused professional development program for undergraduate Accounting majors.

To learn more about the program and RBG's involvement, please watch this video.
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The Summit 2016

Nov 10, 2016
Annually, our firm has the opportunity to come together and spend a day discussing the past year as well as future plans, hopes, and expectations. It's a day where updates are given and voices heard. This year, we had the added bonus of spending our time at the newly-opened Guest House at Graceland, and it was certainly a special treat. Our group was the first to occupy the meeting space, and it was a successful trial run for the location. Take a look at our day!

When in Graceland...

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Year-End Year-Round Tax Planning Guide

Oct 12, 2016
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 poten...
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Accelerate Leadership 2016

Apr 7, 2016
On March 31, RBG welcomed 20 college students to our inaugural leadership conference, Accelerate Leadership. Students from several Southeastern schools, including the University of Memphis, Mississippi State University, and the University of Mississippi, were given the opportunity to explore Memphis and meet our firm.

The students met on the first day at the Madison Hotel, a boutique luxury hotel in downtown Memphis. From there, they went to the Memphis Convention & Visitors Bureau wh...
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100 Days of Service

Feb 23, 2016
As mentioned in a previous blog post, we are celebrating our 100th anniversary. We started as a small accounting firm called Shannon Reynolds & Bone. A few years later, George Griesbeck joined the firm, and it became Reynolds, Bone & Griesbeck.

From our beginnings off of Cotton Row in downtown Memphis to our current headquarters in the heart of East Memphis, our firm has weathered two world wars and the Great Depression. Today, we grow and thrive because of our talented employees,...
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The secret to our success

Feb 17, 2016
This is a big year for RBG, as 2016 marks the 100th anniversary of our business. In a time when small businesses do not always thrive, we've been able to grow because we've invested our time and energy into our most important resource – our people.

Our firm has, on average, a 95 percent annual retention rate among associates. In a day where workers regularly hop from company to company, people stay at RBG. We asked our employees what they enjoy about working for RBG. The answers wer...
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RBG supports Camp CPA

May 21, 2015

Camp CPA is a program developed and presented by the Beta Alpha Psi (BAP) chapter at the University of Memphis for students at East High School. The program provided relevant information on career paths in the forensic, audit and tax areas of accounting. Students were able to learn about various areas of accounting along with potential compensation from intern to partner.

Ali Sinkular, audit partner at RBG, along with Jeree Wheat and Jenna Lea Presley engaged with the students in...
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Have Questions? We're Here All Year!

Apr 21, 2015
Many clients see their CPAs at tax time, when the main focus is on completing and filing their tax return. As a result, they may not take the opportunity to ask questions about long-term tax planning or about other important financial concerns. The good news is that we are available to you all year. We have a full- time, year-round staff of experts with extensive expertise in a broad range of financial areas. We’re ready when you are to take some time reviewing your financial situation, ...
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What's So Great about CPAs?

Apr 15, 2015
You may not have asked yourself that question in so many words, but you may have wondered what sets CPAs apart from other financial professionals. The answer in short: A lot. We typically begin our careers with years of college and graduate education. To become licensed,we must take the demanding Uniform CPA Examination, which tests our knowledge on a wide range of business topics over a total period of 14 hours. In addition, we have to meet an experience requirement and then be licensed by a St...
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Accumulated Other Comprehensive Income Opt-out Election for March 31, 2015 Call Report

Apr 7, 2015
There is a one-time accumulated other comprehensive income (AOCI) opt-out election that must be made in a bank’s March 31, 2015 call report. Eligible institutions may opt-out of the requirement to include most components of AOCI in common equity tier 1. To make the AOCI opt-out election, institutions must enter “1” for “Yes” in item 3.a. of Part I of schedule RC-R. If the institution elects to opt out, then AOCI treatment for regulatory capital ...
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Is Your Will Up To Date?

Apr 7, 2015
When was the last time you reviewed your will? People generally make wills to guarantee the proper disposition of their money and property, which is why it’s a good idea to consult your CPA when it’s time to create or update your will.

We recommend that you revisit your will every time you experience a major life event, such as marriage, the birth of a child, retirement or other significant milestones. Even if there is no meaningful change in your life, it’s smart to r...
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We Can Help You Address the Issues Keeping You Up at Night

Mar 25, 2015
Where will your business be in five years? Would strategic budget cuts in some areas improve your company’s health? Are there ways you can boost revenue? If you’re nearing retirement, is there a buyer or successor in the wings? These are the kinds of questions that keep many business owners up at night. Fortunately, as your CPA, we can probably help you sleep a little easier. Our firm is made up of highly qualified and educated professionals who work with clients like you all year lo...
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Got Foreign Assets? FBAR May Apply to You

Mar 17, 2015
Are you aware of the nature of all your investments, domestic and international? Do you know if you have foreign accounts with an aggregate value higher than $10,000 at any time during the calendar year, U.S. taxpayers (including individuals and business entities) are required to report on foreign assets or investments they hold in offshore accounts? Under the Bank Secrecy Act, you may be required to e-file what is known as the FBAR directly with the Financial Crimes Enforcement Network (FinCE...
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Documenting Your Charitable Donations

Mar 10, 2015
Many people make donations to charities whose work they support, but if you are planning to take a tax deduction for your gift, you must have the proper paperwork. Assembling the right documentation can also be tricky because the requirements vary based on whether the donation is cash and on the value of your gift. If you donate less than $250 in cash, for example, a canceled check, credit card statement or similar record may be sufficient, but if you give more, you will need a written acknowled...
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Let Us Help You Leverage What You Can Learn from Your Tax Return

Mar 3, 2015
What does your tax return say about your financial situation? The fact is, the paperwork you file each year offers excellent information about how you are managing your money—and about areas where it might be wise to make changes in your financial habits. If you have questions about your financial situation, remember that we can help. Our firm is made up of highly qualified and educated professionals who work with clients like you all year long, serving as trusted business advisors.

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Know Your Rights as a Taxpayer

Mar 2, 2015
Internal Revenue Service audit. Those words would strike fear into the heart of any taxpayer, but did you know that the IRS has adopted a Taxpayer Bill of Rights that spells out the rules protecting people and businesses in any dealings with the Service? The 10 provisions include the right to challenge a position and be heard, to appeal an IRS decision in an independent forum and to pay no more than the correct amount of tax.

You also have the right to retain representation. R...
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Do You Wish You Had a Coach for Your New or Growing Business?

Feb 25, 2015
Are you launching a business or product line? You may have relied on us for years for timely and personalized tax advice, but you may not be aware that we help business owners start and expand their companies every day with several types of services. In fact, we frequently serve as a business coach or mentor for owners seeking help in their strategic planning, setting up payroll or other systems or selecting the best accounting software, among other projects. Due to our extensive contacts in the...
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Do You Qualify for the Healthcare Premium Tax Credit?

Feb 24, 2015
Individuals and families can buy private health insurance through Affordable Insurance Exchanges, which are marketplaces where individuals can find private health insurance. If you purchase health insurance through an exchange, you may be eligible for a tax credit that will make your coverage more affordable.

The credit is aimed at middle-income individuals and families. A larger credit is available for older individuals whose coverage costs may be higher. The credit will be refundable, ...
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Take the Uncertainty out of Health Care Reform

Feb 17, 2015
If you’re not sure what the new health care law means to you, you’re not alone. A poll by the Kaiser Family Foundation revealed that just over a third of the public had tried to find out more information about the law—the Affordable Care Act—in recent months. About half of the respondents to the survey said they remain confused about the law and its provisions.

If you have questions we can provide the answers you need. Among other things, our individual clients sho...
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1099 Trouble? We can help

Feb 17, 2015
It’s not unusual for taxpayers to be surprised—and perhaps more than a little confused—by some of the correspondence that is received from the IRS. Here’s a case in point: Many taxpayers have been puzzled by notices they have received related to 1099 forms. For example, problems have arisen in the past surrounding notices related to Forms 1099-K (Payment Card and Third Party Network Transactions) and 1099-C (Cancellation of Debt). Those who received the notices were frequ...
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What Do New Tangible Property Rules Mean to You?

Feb 12, 2015
Businesses often wrestle with understanding what items should be deducted versus what should be expensed. That task got a little more complicated this year when the Internal Revenue Service finalized new tangible property rules. They affect every business that has tangible property--buildings, machinery, equipment, furniture, vehicles—so they’re pretty far reaching. And they add a new layer of complexity to your tax planning.

We can help you address the new requirements, which...
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Stop Tax Identity Theft

Feb 10, 2015
Imagine after sending in your annual tax return, you receive a notice from the Internal Revenue Service saying that another return has already been filed using your name and Social Security number—and claiming a refund. Sound impossible? It can happen if you become one of a growing number of victims of tax return identity theft. According to one estimate, tax-related identity theft cases have soared more than 650% since 2008. At the least, this crime can lead to a delay in your refund, but...
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Stamp Out Tax Season Stress!

Feb 9, 2015
Are you ready for tax time? There are a couple of steps you can take now to alleviate some of the stress of filing your return. Plan to get organized early. Begin by putting together a tax folder with W-2s from your employer, 1099s for other income you may have earned, bank and other financial statements and receipts for things like medical bills and charitable donations.

Once you’ve gathered all your important paperwork, this is a good time to meet with your CPA to talk about chang...
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What Do Last Minute Tax Deductions Mean For You?

Feb 6, 2015
There’s good news for taxpayers: A number of popular tax provisions that expired at the end of 2013 have been extended into 2014, thanks to a new tax law passed by Congress in December. That means qualified individuals will be able to claim deductions for the state and local sales taxes and some higher education costs and exclude from income any mortgage debt cancellation for 2014. Businesses will benefit from one more year of bonus depreciation and Section 179 expensing and from a researc...
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It’s Not Too Late to Make a Retirement Plan Contribution!

Feb 5, 2015
Small business owners usually have a long list of items on their to-do lists. If contributing to your retirement plan was on your agenda last year, there may still be time to add more to your nest egg and reap the rewards on your 2014 return. If you are self-employed, for example, you may qualify for retirement plan options that include the SEP (Self-Employed Pension Plan) IRA or the individual 401(k). In both cases, you’re allowed to make contributions to an established plan up until you...
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Paul Berryhill promoted to Tax Partner

Jan 13, 2015
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.
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Ali Sinkular highlights firm's commitment to unparalleled client service

Jan 13, 2015
Reynolds, Bone & Griesbeck is pleased to announce the addition of Ali Sinkular as Audit Partner. Sinkular brings more than 20 years of extensive experience in the public accounting sector along with a reputation for stellar client service.
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Sep 2, 2014
Reynolds Bone & Griesbeck PLC is proud to announce a continuing commitment to Christian Brothers University through the J. G. Griesbeck Memorial Scholarship. The scholarship is transitioning from an annually-funded scholarship to an endowed scholarship over the next few years working towards a $50,000 endowed scholarship for a student majoring in accounting in the School of Business. Reynolds Bone & Griesbeck PLC is a Memphis based CPA firm with over 98 years of success providing a wid...
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RBG continues to support Crews Center at University of Memphis

Jul 23, 2014
Today Governor Haslam and Univeristy of Memphis President Rudd will announce phase 2 funding for redevelopment of Walker Avenue in front of the Crews Center at University of Memphis. RBG is a proud supporter of the Crews Center pledging $40,000 over 4 years. For a history of our involvement with the Crews Center check out this article.


Aug 29, 2013
Reynolds Bone & Griesbeck PLC is proud to announce a four-year commitment to Memphis based Crews Center for Entrepreneurship at University of Memphis. The Center is a nurturing environment to support University of Memphis entrepreneurs looking to begin a start-up company or create a new piece of technology. Reynolds Bone & Griesbeck PLC is a Memphis based CPA firm with over 95 years of success providing a wide variety of services including tax, accounting, auditing, risk management,...
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Reynolds, Bone & Griesbeck Unveils New Website Design at RBGCPA.COM

Jul 29, 2013
Reynolds Bone & Griesbeck PLC recently unveiled a new website design developed by 305 Spin, Inc. Reynolds Bone & Griesbeck PLC is a Memphis based CPA firm with over 95 years of success providing a wide variety of services including tax, accounting, auditing, risk management, and consulting.

RBG’s new website was thoughtfully designed to show our passion and dedication to clients and the Legacy we’ve created for more than 95 years in the accounting industry. At RBG...
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Top Ten Reasons to Review Your Estate Plan

Jul 25, 2013
Are You on Track with Your Estate Planning?
Estate planning is an ongoing process. Everyday personal and family changes can make yesterday's well-devised estate plan wholly inadequate today. Consequently, you should be aware of events that may signal the need for an estate plan review and possible revision. Our Estate Planning Guide is a great resource for familiarizing yourself with issues you should consider, and on Page 16 of the guide is a ten-point checklist to help yo...
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U.S. Basel III Capital Requirements for Community Banks

Jul 10, 2013
With the recent issuance and approval of the U.S. Basel III final rule, all financial institutions must assess how these new capital requirements will affect them going forward. The final rule represents the most comprehensive overhaul of U.S. bank capital standards since the U.S. adoption of Basel I in 1989. Even though most community banks will not be subject to the market risk and advanced approaches capital rules, they still have to determine whether to elect the option to exclude Accumul...
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How to Maintain and Grow Your Customer Base in a Competitive Environment

Jun 13, 2013
In the midst of the drastic changes affecting the community banking industry over the past decade, small business customers are changing as well – as are their expectations of what a community bank should be. Young entrepreneurs who have grown up with the Internet don’t find physical bank branches important and find some of the alternative sources of business financing available today more appealing.

To succeed in this changing environment, community banks must shift how they think about ...
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Memphis Athletic Ministries Community Project

Jun 12, 2013
RBG's Young Professionals Group (YPG) organized our first Spring community involvement project. Following up on a successful project in Fall 2012, we returned to Memphis Athletic Ministries golf course to help with course maintenance. Each of the teams was led by a member of the YPG, and we helped with refurbishing the 7th hole, mowing, raking debris, laying sod, club house flower planting and hanging net at the driving range. It was great to get out of the office for a worthy cause like MAM and...
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