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The Lie of Time-Savers
By Russ Gambrel, Senior Consultant
At the risk of dating myself, I witnessed the installation of my local bank’s first cash machine when I was kid. It looked like a robot. Boatman’s Bank –since swallowed in countless mergers- was the regional bank of choice for folks in St Louis in the 1980s. My father had suggested I open up a…Read More -
A CEO’s Story of Leveraging World-Class Talent on a Fractional Basis
Peter Buchanan: The Enormous Benefits of Leveraging a World-Class Fractional CFO
Before I joined Fahrenheit’s advisory practice, I worked as the CEO of an offshore software development company. The assignment was challenging. We grew rapidly from 105 people when I started to 150 people two years later. We had six locations – three in the US, two in Russia, and…Read More -
Built Around Real World Experiences
By Anika Imajo, Grid
“The business of business,” as Scott Ukrop describes it, can weigh down even the most buoyant of entrepreneurial spirits over the long haul. That’s where the Fahrenheit Group steps in.
“We allow company founders and leadership to focus on why they got into the business in the first place,” explains Ukrop, Fahrenheit Group’s business development director,…Read More -
Venture Summit to Feature head of Start-up Program for Microsoft
Fahrenheit is proud to be a key sponsor for this years Virginia Venture Summit and we are excited to see such a robust agenda.
The Virginia Venture Summit, Venture Forum RVA's signature event, hosted by Capital One, is a day-long annual conference for entrepreneurs, innovators and capital providers. Join leading VCs, investment bankers and angels as well as leaders of…Read More -
Taxing Crowdfunding – More Hassles for Entrepreneurs
Non-equity crowdfunding has filled an important void for entrepreneurs, initially providing scarce seed capital, and more recently evolving into a valuable market validation tool for start-ups. But somewhere along that spectrum, the taxman became interested in whether the proceeds are really taxable income. (As outlined in this interesting article) in lots of interesting theoretical issues to argue here, but fortunately…Read More -
Beware: M&A Activity Can Trigger Unexpected Tax Issues
During a merger or acquisition, the issues surrounding employee benefit plans may not get a great deal of attention. But afterwards, the complexities of merging a variety of benefit arrangements can overwhelm the companies. Even worse, the IRS is on the lookout for compliance failures after a merger or acquisition and may step in to conduct a "team audit." Here…Read More -
Workers’ Compensation: Strategies to Keep Costs Down
Is everything possible being done to protect your company from the costly impacts of workers' compensation claims? As an employer, you know that injuries will happen. However, this doesn't mean you shouldn't try to prevent them by knowing the dynamics and utilizing safety strategies. Minor Injury, Major Claim It's the small injuries that often result in big claims. Some statistics…Read More -
Can Merger Termination Fees be Currently Deducted?
It's not unusual for companies involved in an impending merger to agree that a substantial termination fee must be paid to one party if the deal doesn't go forward because the other party calls it off. When this happens, it's often because the party canceling the deal is presented with a more enticing alternative.So what is the proper federal income tax treatment…Read More -
Thinking about selling your business? Then be ready!
Someone once said that luck is nothing more than preparation meeting opportunity. When it comes to selling your business, It stands to reason, then, that opportunity meeting neglect, disorganization and a lack of preparation will surely deliver the opposite of luck. We’ve recently had the privilege of working with several companies in various stages of the sale process. One was…Read More -
Tax Proposals to Watch
This proposed new tax at death on certain appreciated assets, proposed by the Obama administration, would have major effect on family wealth transfers. Most estates with up to $11 million in assets can pass to heirs tax free due to Increases in the estate tax exemption and other statutory improvements enacted in the last two years. Now the administration would…Read More -
A Good Structure for Expanded Business Operations
Are you interested in expanding your existing business operations into new locations? How about starting up entirely new ventures or acquiring existing businesses? An excellent vehicle for these type of operations is a single-member limited liability company (SMLLC). Keep reading to learn more about one good way to structure the new operation. It provides simplicity for tax purposes and protection…Read More -
Benefits Available from R&D Tax Extension
Some good news did actually come out of the 2014 Virginia legislative session. The benefits available from the VA Research and Development Tax Credit have been expanded and extended to 2018. For 2014, 15% or 20% of qualifying R&D expenses (the higher amount applies if the research was conducted in connection with a VA college or university) can be refunded…Read More