by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
The balance sheet — a company’s assets and liabilities — is a logical starting point for valuing certain types of businesses. The cost approach focuses on this part of a company’s financial statements. Here’s an overview to help you understand this...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, IRS Regulation, Tax Planning, Valuations
As a small business owner, you need to ensure that your compensation reflects what others would receive for performing similar duties in a similar setting. Not only is this important for tax purposes, but it’s needed to determine the value of your business. Total...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, IRS Regulation
Portland is known around Maine and New England — and even throughout the country — for its award-winning, creative and gourmet restaurants. Unfortunately, many of Portland’s restaurant businesses have struggled mightily during the COVID-19 pandemic. Some have even had...
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 | 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....
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...
