by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Preparation
It’s not uncommon for folks here in Portland and all across Maine to be self-employed. Those who are probably pay the self-employment (SE) tax. But people who do the occasional odd job or only collect income for one-off circumstances may not have to pay the SE tax. If...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation, Valuations
Burchfield v. Burchfield Among a host of issues, this Virginia divorce case, which included a prominent Washington, D.C., lawyer and his estranged wife, raised an important valuation question related to the husband’s partnership interest in the firm: Whether...
by Royer Advisors | Dec 11, 2024 | Financial Planning, Tax Planning
Here in the greater Portland area, real estate prices are increasing and development is booming — which is good news for owners of underdeveloped or underutilized land. But if you’re among those who are looking to sell, develop or subdivide a highly appreciated...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Schewe v. Schewe Farms In a family dispute featuring a farm business that owned real estate, the parties’ experts disagreed on an issue that was pivotal to how they would value the sellers’ distributional interest. The trial court resolved the valuation dispute by...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Even as companies continue to grow in size in the Portland area, small businesses continue to be a major part of the economy in the region and throughout Maine. Anyone who runs a small business knows that it’s not easy, and sometimes it can be hard to make ends meet....
