Business Details
50+ Years
experience
Trusted Accounting Services in Owensboro, KY
Since 1973, Riney Hancock CPAs, PSC has established itself as a trusted financial advisory firm in western Kentucky and southern Indiana. Our mission centers on delivering personalized, high-value accounting, tax, and consulting services tailored to individuals and businesses. With offices in Owensboro, Kentucky, and Evansville, Indiana, we combine decades of local expertise with a team of certified professionals, including CPAs, Certified Financial Planners, and Retirement Counselors, to address complex financial challenges. Our asset management division, RiverCities Asset Management, offers customized investment strategies designed to align with clients' long-term goals while maintaining fee-only, conflict-free structures. We specialize in audit services, tax compliance, payroll consulting, and retirement plan administration, leveraging industry-specific knowledge to enhance client profitability.Our commitment to innovation is reflected in proactive tax planning, cost segregation studies, and merger/acquisition guidance that anticipates legislative changes. The firm maintains memberships in professional organizations like the American Payroll Association and AICPA Quality Centers to ensure regulatory compliance and technical excellence. By prioritizing transparent communication and ethical standards, we cultivate enduring relationships that extend beyond traditional accounting roles. Our regional focus allows for hands-on service while maintaining the technical rigor of a national firm. Through continuous staff development and client-centric problem-solving, we maintain our position as a leading financial advisory partner in the communities we serve.
Services
Tax Planning
Audit Services
Payroll Services
Retirement Plans
Asset Management
Financial Consulting
Tax Compliance
Investment Advisory
Payroll Consulting
Business Valuations
Details
- Year established: 1973
Highlights and features
- We have over 50 years of regional accounting expertise serving western Kentucky and southern Indiana
- Our team includes Certified Public Accountants, Certified Financial Planners, and Retirement Counselors
- We offer proactive tax planning solutions that anticipate legislative changes
- Our proprietary investment strategies eliminate commission-based conflicts of interest
- We provide hands-on payroll consulting with Certified Payroll Professionals
Associations and certifications
- American Institute of Certified Public Accountants (AICPA) Quality Centers
- Employee Benefit Plan Audit Quality Center
Services
Tax Planning
Our proactive tax planning service helps individuals and businesses minimize liabilities through year-round compliance monitoring and legislative analysis. Certified tax specialists develop customized strategies that leverage current laws while preparing for future changes. We focus on federal, state, and local tax optimization for diverse industries.
Audit Services
We provide comprehensive audit services that ensure financial statements meet GAAP standards through detailed risk assessment and internal control analysis. Our team delivers independent opinions for regulatory compliance, investor reporting, and grant requirements while identifying process improvement opportunities during fieldwork.
Payroll Services
Our certified payroll professionals handle tax filings, direct deposits, and regulatory compliance across federal, state, and local jurisdictions. We reduce penalties through accurate reporting while offering consulting services for wage structures, benefit taxability, and process efficiency optimization.
Retirement Plans
We design and administer tax-advantaged retirement plans including 401(k)s, profit-sharing, and SEP IRAs. Our services include investment selection guidance, compliance management, and integration with broader financial planning strategies through Certified Retirement Counselors.
Asset Management
Through RiverCities Asset Management, we offer fee-only portfolio management with personalized strategies aligned to risk tolerance and financial goals. Our approach combines institutional-grade investments, tax-efficient structures, and quarterly performance reporting without commission-based conflicts.
Questions
What accounting services do you offer for small businesses?
We provide audit, tax compliance, financial consulting, and payroll services tailored to small businesses' needs with personalized attention.
How do you handle multi-state tax compliance?
Our team maintains expertise in Kentucky and Indiana tax regulations to ensure accurate multi-state filings and strategic planning.
What retirement plan options do you support?
We administer 401(k), profit-sharing, SEP, Simple IRA, and Roth plans with investment flexibility and compliance support.
Are your investment advisory services fee-only?
Yes, we avoid conflicts of interest by using commission-free structures with transparent asset-based fees.
How does your payroll service ensure compliance?
Certified professionals monitor changing regulations while maintaining memberships in national payroll associations for best practices.
