by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Sherwood Invs. Overseas Ltd. v. Royal Bank of Scot. N.V. (In re Sherwood Invs. Overseas Ltd., Inc, 2016 U.S. Dist. LEXIS 136096 (Sept. 30, 2016) A bankruptcy proceeding makes clear that, if an expert hopes to support a client’s position, he or she has to know more...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Deductions, IRS Regulation, Tax Planning, Tax Preparation
In order to deduct an expense as a business expense, it must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business, and a necessary expense is one that’s helpful and appropriate for your business. There...
by Royer Advisors | Dec 11, 2024 | Deductions, Exemptions, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
You may be considered part of the “sharing economy” (also known as the Gig or on-demand economy) in Maine if you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand....
by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation, Valuations
Lacoste v. Lacoste, 2016 Miss. App. LEXIS 460 (July 19, 2016) A recent Mississippi divorce case highlights the complexity of valuing a small family business as well as the importance of an accurate valuation to achieving an equitable distribution of marital assets....
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Mattress Closeout Ctr. IV, LLC v. Panera, LLC, 2016 U.S. Dist. LEXIS 91881 (July 15, 2016) Courts are not looking to experts for creative ways to calculate damages. They want a calculation based on reasonable certainty. In a recent case, the court decided to throw out...
