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Your Future. Our Focus.

Kevin F. Reilly, J.D., CPA, CGMA

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Kevin F. Reilly, J.D., CPA, CGMA

TITLE: Partner
LOCATION: Fairfax (Metro DC)

Kevin Reilly is recognized as the prominent club tax consultant in the United States and a leading authority on international tax and has even appeared on C-SPAN, CNBC and PBS to discuss these issues. He has also been a guest lecturer at universities and colleges on tax issues and is a frequent speaker at industry conferences, including the Annual and Legislative Conferences for CMAA and the Annual, Club and Hotel Controllers Conferences for HFTP. Recently, he served as chair of the International Tax and Business Development Conference.

In addition to his television and in-person appearances, Kevin is a regular columnist for industry publications and serves as editor of Clubs in Town & Country. He is a contributing author to The Legal Reference Guide for Private Clubs published by the National Club Association (NCA), the fourth edition of Club Management Operations published by the Club Managers Association of America (CMAA) and the first edition of Accounting for Club Operations, and he was on the committee to update the last three editions of Uniform System of Financial Reporting for Clubs published by the CMAA.

Kevin’s CPA licenses extend from Virginia to the District of Columbia, Maryland, North Carolina, Georgia, Florida, Alabama and Texas. In addition, he has earned the Chartered Global Management Accountant (CGMA) designation and is a member of the Bar in Virginia and the District of Columbia.

He is recognized as one of SmartCEO magazine’s SmartCPAs in the Greater Washington area, received the Excellence in Achievement Award for tax consulting by The BoardRoom magazine, and received Virginia Business magazine’s Super CPA recognition for Government/Non-profit and Corporate Taxation.

Accounting runs in Kevin’s family; he has two brothers who are also Juris Doctors and CPAs. However, his main interest lies in working with people and the opportunity to become a trusted advisor to clients who need guidance on major decisions. He admittedly might derive a bit of enjoyment from being an accounting celebrity as well, but mostly because it allows him to extend his knowledge to benefit as many people as possible.

Kevin serves as the executive treasurer of the National Capital Club Managers Association and is a member of the Washington Metropolitan Club Controllers Chapter of the Hospitality Financial and Technology Professionals (HFTP), where he has also served as president. He is a former treasurer of the National Club Association (NCA) and is on the board of directors of the NCA Foundation. He enjoys the social aspect of his membership with the Hammock Beach Club and also gives back to his community through involvement with the National Club Association Foundation, Kennedy Center, The De La Salle School in Freeport, New York and the Girl Scouts.

PROFESSIONAL ASSOCIATIONS:

  • American Institute of Certified Public Accountants’ Tax Division
  • Virginia Society of Certified Public Accountants
  • Federal Bar Association
  • District of Columbia Bar Association Tax Section
  • Virginia Bar

EDUCATION:

  • Bachelor of Science in Accounting from Providence College in Providence, Rhode Island
  • Juris Doctorate from the Washington College of Law at American University in Washington, D.C.

ARTICLES:

The Impact of Nonmember Revenue on a Club’s Bottom Line

Golf Club Revenue - Virginia CPA Firm

Nonmember revenue can help advance, and impede, club growth. As the club industry continues to evolve between private member-owned clubs and public ones, the majority remain member-owned, focusing on the member’s experience rather than on public consumption. However, board of directors or governors of clubs are trying to fund operations without raising members’ dues while trying increase club use by nonmembers through offering nontraditional activities.

November 1, 2018 | Categories: Hospitality, Private Clubs | Tags: , ,

Attract New Members with Fitness Facilities

Country Club Fitness Centers - Virginia CPA

Today’s successful club offers more than just a club; it offers a lifestyle. Clubs have evolved from the traditional model in an effort to attract the new generation of members. Along with more family oriented environments and relaxed dress codes, one of the ways clubs have tried to deliver that desired lifestyle and attract those members is to add or expand on their wellness/fitness facilities.

The Budgeting Process is Critical for Clubs

Golf Club Operations - Fairfax CPA

In the recent past, clubs were forced to cut spending back due to a decline in membership and in spending by the members that remained. However, while membership desires may have been postponed they were not eliminated. The members want a new swimming pool, the grill needs some new furniture, the golf course needs a new irrigation system, the tennis courts need to be resurfaced and by the way, the club down the street is making these improvements.

INDUSTRIES:
Hospitality, Not-for-Profit, Private Clubs

SERVICES:
Business Advisory, Tax: Business, Tax: International
"My role as a trusted advisor is something I take very seriously. When clients look to me before making a major decision, I see it as a real opportunity for me to make a positive difference in the direction of their business."

 

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2019-10-17T08:18:10-04:00