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Welcome to Venturity News and
Notes, our bi-monthly e-newsletter sharing insights into
the services of our clients and service partners - with the
goal of providing you with quality resources you can call on
to assist your organization, or the organization of someone
you know.
This month, our Client Spotlight focuses on Powter Insurance Agency. With over
15 years of experience under his belt, John Powter leads a team that focuses
on providing a full service solution to its clients. Powter focuses on the smaller
end of the hospitality, high tech, retail and manufacturing industries, targeting
companies with less than 250 employees.
Our Partner Spotlight shines on Jennifer Chin and her firm SourceCorp Professional
Services. SourceCorp, based in Fort Worth, is the nation’s leading provider
of specialized business tax services. In her role as Director of Business Development,
Jennifer works with CPA firms and bankers to help their clients maximize state
and federal tax incentives.
As we begin 2010 and look ahead to what the new year holds, we look forward to
continuing to develop our client and partner relationships right here at home
in the Dallas/Fort Worth market as well as forming new relationships with our
recent expansion into the San Antonio market.
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We are pleased to announce the following
new clients:
Venturity finished up 2009 with the addition of the following new
clients:
Akorbi Language Consulting – Dallas-based
language consulting company specializing in translation, interpretation
and cultural training solutions.
M2 Services Corporation –
Dallas-based
preferred provider of professional and technical services,
logistics, security and facility support services to Government
agencies, and large business partners.
Pioneer Strategy Group –
Dallas-based
information management consulting firm offering
strategic planning, data acquisition, data warehousing
and business intelligence software. |
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We are pleased to announce the following two additions to the
Venturity team:
Assistant Controller Cindy Bemben and Staff
Bookkeeper Haroon Chang will be joining Senior
Assistant Controller Shelly Cates’ team. Cindy recently moved to
town from Chicago where, for the past 17 years, she served as
the Accounting Manager at Studio RLL, an architectural and interior
design firm. Haroon is a graduate of UTD and, prior to joining
Venturity, worked in accounting for The Samuel Group.
Check out Venturity's recently formed Blog at http://www.venturitynews.net/ to
keep up with the latest happenings at the firm.
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Powter
Insurance Agency Inc.
Right combination
of choice, coverage
benefits businesses |
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John Powter
believes insurance agents don’t provide enough choices
for small to medium-sized businesses.
So 15 years ago he created Powter Insurance
Agency Inc. to improve the options by shopping dozens of carriers
with a single keystroke. Powter agency’s management software
system can search 20 to 30 carriers and find business operators
the right property casualty and group benefits insurance.
“Our philosophy is
it’s not just about the premium,” he said. “The
real art is how can we lower your total costs of risk by lowering
deductibles, increasing coverage and decreasing premiums. That’s
what we strive for.”
The McKinney company is probably
best known for insuring more than 600 Domino’s pizza franchises,
but its “sweet spot” is working with companies in the
hospitality, high tech, retail and manufacturing industries that
have five to 250 employees. These industry sectors are underserved
because they are smaller and typically involve more risk.
Powter knows plenty about risk, and wasn’t willing to take
chances with his company’s complex accounting needs. Through
a comprehensive service offering provided by its strategic finance
partner, StratiFi, and its day to day transaction partner,
Venturity, Powter has all of his bases covered as it relates to
the company’s finance and accounting needs.
“Insurance accounting
is different than any other accounting,” he said. “It’s
difficult to maintain. We got into an area where our accounting
picture wasn’t as clear as it should be. Venturity cleaned
it up and improved our forecasting and ability to plan going forward.
Most importantly, they learned our systems. They’ve done
a great job. They helped us with two acquisitions, so far, which
has allowed us to scale and take it to the next level. We went
from scrambling to scaling.”
For more information about
Powter Insurance,
call (214) 544-1776 or visit www.powterinsurance.com.
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SourceCorp
Professional
Services
Services help companies
reduce
taxes, save money |
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Few of us
have the time - or the inclination - to try to stay abreast
of the ever-changing tax laws.
SourceCorp Professional Services does the legwork for
businesses, helping them pay less tax through its specialized
tax solutions, including:
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Research & Development (R&D)
Tax Credit; |
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Cost Segregation Studies; |
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Inventory Tax Strategies; and |
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Energy Efficient Commercial Building
Tax Deductions. |
The Fort Worth-based company offers all of these services under
one roof, making it a one-stop shop for certified public accountants
and individual businesses alike.
“The
tax laws change regularly and it’s very difficult for
clients to keep abreast of that,” said Jennifer Chin,
Director of Business Development. “Many of the tax changes
are to their advantage, but clients just don’t know about
it.”
The company has similar roots as Venturity,
which founded its business on relationships with bankers and
CPAs.
“I have
built my business through CPAs,” Chin said of her 27-year-old
company. “Venturity and SourceCorp play in the same space.
Being in accounting services, we both tend to work through
CPAs for obvious reasons. We complement one another.”
Venturity Managing Partner Chris McKee said
that SourceCorp is keenly focused on maximizing state and federal
tax incentives, increasing cash flow, minimizing tax payments
and increasing return on investment. That’s a great service
for any of our clients.
For more information
about SourceCorp, call (214) 740-6627 or visit www.sourcecorptax.com.
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