by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Appropriate adjusting entries turn a company’s books from a simple list of transactions into a far more accurate reflection of how the business is doing. Small business owners sometimes think that as long as someone is recording every sale made and every expense...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Tax Planning
Small business owners want their companies to grow. An efficient way to do this may be to acquire and merge with another company. But it’s not a sure thing, and usually when it doesn’t pay off, it’s because of management issues, and not market conditions. Read these...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing, Financial Planning
Small business owners often prepare a projected cash flow statement. These set a prediction of the company’s available funds over a specified period of time. The primary goal is to determine whether the business will have enough cash to pay the bills. These...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Exemptions, Financial Planning
Often a Maine-based small business will be asked by staff members if they can be exempt from federal withholding. There are a few different things to keep in mind when considering this question: If the staff member had no liability the previous year, i.e., they...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
In order for lenders to award credit, they need to see detailed budgets, including cash flow forecasts. These have to include realistic projections, not guesses at profit and revenues. Cash flow projections are especially important as they show how small businesses...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
It can be a complex process to create an effective retirement program that meets the needs of both you, as a small business owner, and your employees. There are business strategies involved, like how to motivate employees to stay at the business, but there are also...
