by Royer Advisors | Dec 11, 2024 | Deductions
As a Maine-based small business owner, you might find yourself having to travel, abroad or within the United States. When traveling abroad, it may be tempting to take a couple of extra days to do some sightseeing. It’s important to remember that the tax rules for...
by Royer Advisors | Dec 11, 2024 | Uncategorized
Finby v. Finby, 2013 Cal. App. Unpub. LEXIS 9097 (Dec. 18, 2013) A California divorce case in which one spouse was a financial advisor with an impressive client list raised a host of conceptual and technical valuation questions as to the community’s interest in her...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
The term direct deposit does not apply to payroll only. This can be a time and money saving service to businesses in other ways too. What about the checks written for expense reimbursements or commissions? For a corporation, how about depositing the dividend checks of...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings, Tax Planning, Tax Preparation
What happens if you’re the owner of a limited liability company (LLC) that generates tax losses, and you don’t spend a lot of time in the activities of the business? The losses might be classified as passive, and your ability to currently deduct them might...
by Royer Advisors | Dec 11, 2024 | Financial Planning, Valuations
According to the International Glossary of Business Valuation Terms, goodwill is defined as: “That intangible asset arising as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.” The remainder...
