by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
If you run your Maine-based business operations through two or more corporations, the different entities may share some of the same employees. If so, you may be able to save payroll taxes by using a common paymaster. This means that instead of having each business pay...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning
Incentive stock options offer tax advantages to employees, but they come with a tax price for your Maine-based company. The plan must meet numerous strict requirements spelled out in the law, and the company gets no deduction at any time. To receive preferential...
by Royer Advisors | Dec 11, 2024 | Business Plans
Business owners routinely evaluate opportunities to reduce expenses. However, many organizations are unaware of the savings that can result from a business energy audit. Many of the savings from an energy audit are sustainable, and usually they are well received by...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Starling v. Starling, 2013 Va. App. LEXIS 248 (Sept. 10, 2013) (slip op.) Because the trial court found neither spouse’s expert offered a convincing valuation for a family business, it opted to adopt the liquidation value the company’s CPA proposed. On appeal, the...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing
If your Maine-based small business has customers that don’t pay their bills, there could be a last resort: You can deduct a bad business debt in the year it becomes worthless, as long as you’ve tried everything to collect. In order to get the write-off,...
