Business Details
50+ Years
experience
Your Trusted Accounting and Advisory Partner in Memphis
Fouts & Morgan is a regional accounting and business advisory firm established in 1970, dedicated to delivering tailored financial solutions. Our team of certified professionals provides comprehensive services including assurance, tax planning, client accounting, information technology consulting, and wealth management. With deep expertise in industries such as construction, real estate, not-for-profit organizations, and private schools, we prioritize understanding client needs to develop strategic, compliance-focused strategies. Our commitment to excellence is reflected in our membership with CPAmerica, Inc. and Crowe Horwath International, enabling us to offer global insights with local accessibility.We serve clients across Tennessee, Arkansas, Mississippi, and beyond, emphasizing personalized service and long-term partnerships. Our professionals bring decades of experience in multidisciplinary tax solutions, cybersecurity advisory, and business process optimization. By combining technical proficiency with a client-centric approach, we aim to add value through proactive guidance, ensuring clients achieve both immediate and sustained success. Our history of community involvement and industry-specific expertise positions us as trusted advisors for businesses and individuals seeking reliable financial stewardship.
Services
Assurance
Tax Planning
Client Accounting
IT Consulting
Wealth Management
Details
- Year established: 1970
Highlights and features
- We offer 50+ years of combined experience in regional accounting and industry-specific tax solutions.
- Our multidisciplinary team provides tailored compliance strategies for complex regulatory environments.
- We maintain partnerships with global networks to deliver scalable, high-quality advisory services.
- Our client-focused approach prioritizes transparent communication and long-term financial planning.
- We specialize in niche sectors like private schools and not-for-profits with dedicated expertise.
Associations and certifications
- CPAmerica, Inc.
- Crowe Horwath International
Services
Assurance Services
Our assurance services focus on enhancing financial transparency and operational efficiency through comprehensive audits and reviews. We help clients identify cost-saving opportunities, strengthen internal controls, and ensure compliance with regulatory standards. By tailoring our approach to each business's unique needs, we provide actionable insights that support strategic decision-making and long-term growth.
Tax Planning
We deliver customized tax planning solutions to minimize liabilities while ensuring compliance with federal and state regulations. Our team specializes in multi-jurisdictional tax challenges, incentive programs, and not-for-profit tax requirements. By staying current with evolving tax laws, we help businesses and individuals optimize their financial positions through proactive, data-driven strategies.
Client Accounting
Our outsourced accounting services provide businesses with scalable support for daily financial operations. From bookkeeping and payroll to financial statement preparation, we act as an extension of your team. This allows clients to focus on core activities while benefiting from expert management of accounting processes, system implementations, and cash flow forecasting.
Information Technology
We offer IT consulting services focused on developing robust cybersecurity frameworks and compliance-ready policies. Our experts conduct vulnerability assessments, penetration testing, and security protocol design to protect sensitive data. By aligning technology strategies with business objectives, we help organizations mitigate risks and meet regulatory requirements for information security programs.
Wealth Management
Through our partnership with Avantax, we provide tax-integrated wealth management solutions. Services include retirement planning, investment strategy optimization, and legacy planning tailored to individual and business client needs. Our approach combines financial goal-setting with risk management to create sustainable wealth preservation and growth strategies.
People
Randal L. Gregory
Managing Partner
With over 30 years of experience, Randal leads audit and tax services for construction, hospitality, and nonprofit clients. He specializes in individual tax planning and community engagement, holding CPA licenses in Tennessee and active roles in Associated Builders and Contractors Inc.
Michael T. Odom
Partner
Michael oversees technology implementation and multi-state tax compliance, bringing expertise in business valuation and accounting systems. A licensed CPA in Tennessee and Mississippi, he teaches accounting and consults on wealth management strategies for diverse industries.
Amanda Farmer
Partner
Amanda specializes in assurance services and private school accounting, with experience in tax compliance and quality control. A Memphis native, she holds a Master of Science in Accounting and actively recruits talent for the firm.
Douglas A. Garner
Partner
Doug provides strategic tax consulting for business succession and wealth transfer, with 45 years of Memphis-focused practice. He advises on tax-efficient business sales and serves on the Tennessee Society of CPAs' Peer Review Committee.
J. Donald Short
Partner
Donny focuses on tax planning for closely held businesses and medical industry clients. With 45 years of Memphis practice, he assists with clinic establishment and personal financial planning while supporting local sports teams.
Questions
What industries does Fouts & Morgan specialize in?
We specialize in construction, real estate, not-for-profit organizations, private schools, and professional athlete financial management, offering tailored accounting and advisory services for each sector.
How does Fouts & Morgan handle multi-state tax compliance?
Our multidisciplinary tax team provides expertise in federal and multi-state tax law, ensuring compliance with evolving regulations while optimizing tax positions for businesses operating across state borders.
Can I outsource my accounting needs to Fouts & Morgan?
Yes, our outsourced accounting team offers flexible support for bookkeeping, payroll, financial reporting, and system implementation, allowing businesses to focus on core operations while we manage financial processes.
What cybersecurity services do you offer?
We provide risk assessments, penetration testing, and security policy development to protect IT environments, ensuring compliance with regulatory requirements for data protection and information security programs.
How do you approach wealth management planning?
Through our partnership with Avantax, we offer tax-integrated wealth management focusing on retirement strategies, investment optimization, and legacy planning tailored to individual and business client goals.
What are your tax season hours of operation?
During tax season (February 1 - April 15), we extend hours to Monday-Thursday 8am-6pm, Friday 8am-5pm, and Saturday 9am-3pm for enhanced client support.
