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Which Employers Must Pay the New ‘PCORI’ Fee Due July 31?
Some employers face a July 31 deadline to pay a new fee required under the Affordable Care Act. The fee must be paid by employers who sponsor self-insured health plans, including health reimbursement arrangements and flexible spending arrangements. The new requirement may take some employers by surprise -- and, of course, there are penalties for failing to comply. Our article…Read More -
ALL HAIL THE SPREADSHEET!!
Russ Gambrel, Senior Consultant Fahrenheit Finance - July 2013 If you are an accounting professional over the age of forty, take a moment this week to ponder the sad farewell of LOTUS 1-2-3. As announced in May -with little fanfare and even less media coverage- IBM will discontinue the marketing of their SMARTSUITE software this month. In doing so, the…Read More -
Lesson #1 Learned from the Rise and Fall of Vanquished Companies
Lesson #1 Learned from the Rise and Fall of Vanquished Companies, July 3, 2013 David Garlock, Director Fahrenheit Finance Both virtual and physical bookshelves everywhere are filled with management theory treatises written by leading CEO’s (e.g., Jack Welch of GE fame) and academics / consultants (e.g., Peter Drucker). In my experience, it is rare to find a book that…Read More -
9 Qualities Of Truly Confident People
What is confidence? And, do you express the qualities of a true leader? First things first: Confidence is not bravado, or swagger, or an overt pretense of bravery. Confidence is not some bold or brash air of self-belief directed at others. Confidence is quiet: It’s a natural expression of ability, expertise, and self-regard. Keep reading to see if you have…Read More -
Can you Transition to be a CEO?
Are you a CEO? There is a difference between a founder and a CEO. A founder has a vision and a passion, can inspire customers, employees and investors to believe in an idea's potential. A founder believes so much in the vision that they are willing to ride out uncertainty and failure to see the idea succeed. These traits do…Read More -
Lighthouse startups show their stuff
Eight Richmond-based startup companies have taken refuge since March from the hurdles that threaten young companies by collaborating with Lighthouse Labs, a new-business accelerator. Todd Nuckols, Lighthouse’s managing director and founder, has been working for two years on the accelerator idea to connect entrepreneurs with a network of Richmond-based mentors. (@FahrneheitAcctg / Keith Middleton is one of them) Business accelerators…Read More -
Professional Goodwill: Don’t Over look the Tax Impact
Professional Goodwill: Don't Over look the Tax Impact When a corporation sells its assets or liquidates, one important tax issue is whether the corporation or the shareholder-employees own any appreciated professional goodwill (with a fair market value in excess of tax basis). Who Owns Professional Goodwill -- the professional corporation or the shareholder-employees in it? For tax purposes, the answer…Read More -
Increase Your Chances of Success with Solid Cash Management and Strategy
Increase Your Chances of Success Businesses sometimes fail simply because of poor cash management. You need cash flow statements and projections to make sound decisions, to assist with financing and to interest investors in your business. For an explanation of how these financial documents can help your company, keep reading. Read More -
How a #RVA Entrpreneur Found Angel Investors – Story Featured in Forbes
It’s not easy to find angel investors outside the big market areas but it can be done. @MartiBeller of PlanG (@My_PlanG), proves that you can. Beller is based in Richmond, Va, not known as a hub for tech startups, but it does have its fair share of successful entrepreneurs. The lesson: Successful entrepreneurs are everywhere. Check out the article in…Read More -
Messages Business Leaders Shared With This Year’s Crop of Grads
Messages Business Leaders Shared With This Years Crop of Grad's Creative thinkers from the business world offered real-life advice to students at their graduation ceremonies this year. This video is a compilation of commencement speeches from four top business leaders. The accompanying article is a checklist that can help your children, grandchildren or other graduates make the critical financial…Read More -
We Love it When Great Clients Like Evatran are in the News! Evatran CEO Inc Top 30
Rebecca Hough selected based on Evatran's high-profile partnerships, funding diversity, and potential technology impact We are excited that Rebecca Hough, Evatran CEO and Co-Founder, has been selected as one of Inc Magazine's top 30 Entrepreneurs under 30! Past recipients include Mark Zuckerberg of Facebook (2006), Pete Cashmore of Mashable (2009), and Kevin Systrom and Mike Krieger of Instagram (2011). You…Read More -
Why Fahrenheit’s Russ Gambrel is Bullish on Small Business
Russ Gambrel, CPA May 2013 I've been the world's biggest Mad Men fan since the first episode aired in the summer of 2007. I'd read that the creator had been a writer and producer of The Sopranos and that was all I needed to know to at least take a look. I was floored by what I saw and…Read More