by Royer Advisors | Dec 11, 2024 | Court Rulings, Uncategorized
In early January, the U.S. Department of Labor (DOL) put out a fact sheet that details how the agency is aligning its policy on intern employment status with new rulings by several U.S. appellate courts. In the past, it would have been much more difficult to bring...
by Royer Advisors | Dec 11, 2024 | Deductions, Exemptions, Tax Planning
The Tax Cuts and Jobs Act (TCJA) may have interfered in some of your summer plans by scaling back or eliminating certain tax breaks. But individuals and small business owners in Maine still have lots of opportunities to save on their taxes. Check out these six ideas...
by Royer Advisors | Dec 11, 2024 | Court Rulings
Fewer than 100 of the thousands of cases appealed to the U.S. Supreme Court each year get a full-blown hearing and ruling. Encino Motorcars v. Navarro is one case that did make it through in the current court term. We wrote about this previously in relation to the...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Perez v. First Bankers Trust Services, Inc. Close on the heels of the Brundle case, in which the court ruled the ESOP trustee was liable for a $28 million overpayment, comes a second decision finding trustee liability. In tandem, these cases drive home the point that...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
The first-year depreciation deductions for vehicles used more than 50% for business purposes has been expanded by the Tax Cuts and Jobs Act (TCJA). Here’s what Maine small business owners need to know to take advantage. Depreciation Allowances for Passenger...
