by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
The regulatory and legal pressure on employers to tightly monitor their 401(k) plan costs has always been strong, but employers may soon find a little help. At the same time, however, small employers must be aware that the federal judiciary is still paying close...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning, Tax Planning
If your Maine-based small business doesn’t provide health insurance, or if you do provide coverage but your employees are faced with increasing deductibles, co-pays or out-of-pocket expenses, it’s the perfect time to take a look at flexible spending accounts...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
When a professional corporation sells its assets or liquidates, one important tax issue is whether the corporation or the shareholder-employees own any appreciated professional goodwill. For tax purposes, goodwill is an intangible asset. It represents the value of a...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
The success of your Maine-based small business depends to a great extent on the quality of the contracts you sign. A good contract protects everyone, and a bad contract could ruin you. Every time you promise to exchange services or property, you create a...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
When it comes to building wealth on a tax-deferred basis, the benefits of a 401(k) plan are too good to pass up. If your Maine-based small business doesn’t have a 401(k) plan, now is a good time to start one. If you already have a plan in place, there are ways...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
If you are a Maine-based business owner and you own commercial property, you’re probably depreciating it over 39 years. That means that every year, you deduct 1/39th of the property’s value (excluding land) from your taxes. Depending on the value of your...
