Taxes

• Tax Planning
  Riney Hancock CPAs’ expertise in bonding financing, financial management, and tax planning has assisted our contractor clients with sound, useful business advice since our inception in 1973
• Charitable Giving
• Estate Taxes
• Tax Services
  Riney Hancock CPAs understands the complexities that today’s healthcare providers face, and has been effectively helping businesses in the healthcare industry since its inception in 1973. When it comes to operations, growth, tax management, consulting, and more, we can be your most trusted business advisor.
• Tax Deductions
  With tax rates increasing and tax deductions disappearing, retirement plans offer one of the last true tax shelters available. In addition, deductible IRA contributions are severely limited and probably will not fully meet your retirement funding needs. Employer-sponsored retirement plans offer you and your employees a vehicle for saving for retirement in a tax-advantaged environment.
• Income Tax
  What happens to loans from my retirement account if I change jobs? When you switch jobs, you must pay back any loans borrowed from your employer-sponsored retirement account within a short amount of time. If the loan isn’t paid back, the outstanding balance is considered a distribution that is subject to income taxes and an early withdrawal penalty.

Investment

• Mutual Funds
  When using a third-party administrator, such as Riney Hancock CPAs, you are free to choose your investment provider without limitation by the plan document or availability of administrative services. If you choose to self-trustee your plan, you may also invest with a variety of companies. We work with banks, brokers, mutual fund companies, insurance companies, etc., allowing you to select the investments which best meet your needs. Riney Hancock CPAs can also ease your work load by taking care of compliance issues.

Accounting

• Accounting Services
  In order for businesses to devote more time to other areas of operations, Riney Hancock CPAs offers a variety of accounting services to meet the routine financial needs of our clients.  It is often quicker, easier, and less costly than hiring personnel with the expertise to handle these specialized support functions.
• Payroll Services
  Riney Hancock CPAs (RH) payroll services offers a wide range of payroll services which would allow your management and staff to concentrate on your core business instead of the time-consuming task of processing payroll. Our team of payroll professionals is well-trained in payroll regulations and procedures at federal, state and local levels and stay abreast of payroll changes. Our payroll staff maintains memberships in the American Payroll Association, Tri-State Payroll Professionals Association and Owensboro Society of Human Resource Management to keep abreast of the changes in the field. RH payroll consulting services are managed by a Certified Payroll Professional (CPP).
• Cash Flow Analysis
• Bookkeeping Services

Planning

• Financial Planning
  Riney Hancock CPAs offers retirement plan services locally with a Certified Retirement Counselor on staff. We are available for face-to-face meetings unlike out-of-town administrators. Also, as CPAs with a Certified Financial Planner on staff, we are trained to provide tax and personal financial planning advice considering more than just your retirement plan.
• Retirement Planning
• Asset Management
  Our asset management services are provided by our affiliated company, RiverCities Asset Management, LLC, a registered investment advisor. Our goal is to establish a long-term relationship by listening to you, helping you quantify your financial objectives, determining the return you need to achieve them, and the risk with which you are comfortable. We offer a trusted advisor relationship with a disciplined long-term investment strategy for managing risk and a structure that is designed to achieve market returns.
• Gifting Strategies
• College Funding
• Asset Protection