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Spring cleaning? Know which records to keep

Spring cleaning? Know which records to keep

by Royer Advisors | Dec 11, 2024 | Financial Planning, IRS Regulation, Tax Planning

If you’re spending one of Maine’s many rainy spring days to clean up your home or office, you may want to purge yourself of some old paperwork. But before completely cleaning out your filing cabinet or deleting old files from your computer, it’s important to know what...
Expert’s Inability to Defend Income Analysis ‘Is Decidedly Troubling,’ Court Says

Expert’s Inability to Defend Income Analysis ‘Is Decidedly Troubling,’ Court Says

by Royer Advisors | Dec 11, 2024 | Valuations

Judges are alert to incongruities in valuations, as is clear from a recent condemnation case in which landowners hired three experts to calculate the compensation owed to them. The court excluded all experts under Daubert, and it had particularly harsh words for the...
Hiring Minors to Work at Your Business? Know the Rules

Hiring Minors to Work at Your Business? Know the Rules

by Royer Advisors | Dec 11, 2024 | Uncategorized

Summer is fast approaching, which means many small businesses here in Maine are gearing up for their busiest time of year. Of course, an increase in workload requires an increase in labor to handle it — and that often means hiring teenagers who are out of school for...
$6 million award in lawsuit exposes rift in prominent Maine business family

$6 million award in lawsuit exposes rift in prominent Maine business family

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Tucker Cianchette has won a nearly $6 million verdict against his father over the failed buyout of a Yarmouth car dealership, exposing a rift in one of Maine’s most prominent business families. Cianchette sued his father and stepmother, Eric and Peggy Cianchette, on a...
If Adopted, Overtime Pay Rules May Expand to More Employees

If Adopted, Overtime Pay Rules May Expand to More Employees

by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans

Under the Fair Labor Standards Act, salaried employees whose job duties are executive, administrative or professional (EAP) in nature and who earn at least $455 per week aren’t eligible for overtime — no matter how many hours they work. Because of this, small business...
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Recent Posts

  • U.S. Supreme Court Affirms Inclusion of Corporate-Owned Life Insurance in Value of Company for Estate Tax Purposes
  • Massachusetts Appellate Court Finds Double and Maybe Triple Dipping and Reverses and Remands
  • Iowa Appellate Court Affirms Date of Value and Value of Farming Operation in Shareholder Oppression Suit
  • New York Appellate Court Affirms Award of 20% of Appreciation of Business During Marriage to Wife and Awards Maintenance to Wife
  • Expert’s Testimony Is Excluded as to Solvency—Adjustments to the Balance Sheet of Debtor Were Inappropriate

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