by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning
If you’re a business owner here in Maine, the new year comes with new payroll rules. Here are five of the most significant changes for 2020: 1. Significant revisions have been made to Form W-4 The IRS has redesigned Form W-4 for this year to reflect changes from the...
by Royer Advisors | Dec 11, 2024 | Divorce Litigation, Financial Planning, Tax Planning
While the divorce rate in Maine is below the national average, it is still common. Divorce is obviously an emotionally and personally impactful event. But beyond that, it is also a financially impactful one. A divorce can create negative tax consequences, especially...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Remy v. Lubbock Nat’l Bank A fairly routine ESOP case that is being litigated in the 4th Circuit has raised a novel legal issue in this jurisdiction as to the financial liability of co-fiduciaries and nonfiduciaries, including the ESOP appraiser. The plaintiffs in the...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Valuations
Kvinta v. Kvinta BV expertise matters, as a recent Florida divorce case shows in which the parties’ experts faced the challenge of valuing a company that once operated abroad but was sold a decade before the divorce trial. Only the owner spouse’s experienced valuation...
by Royer Advisors | Dec 11, 2024 | Tax Planning
If you’re a business owner in Maine who provides some form of retirement plan or account for your employees, you should be aware of the new Setting Every Community Up for Retirement Enhancement (SECURE) Act. Signed into law late last year, its primary purpose is to...
