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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Valuations
When a business is being valued, sometimes working capital can be overlooked. It is important to remember, however, as it can have a material effect on value. Working capital is defined as the difference between a business’ current assets and current liabilities. If...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
For Maine-based small business owners, there are benefits of using direct deposit to pay employees. Some employees, however, may not fully trust banks, or want to have paper checks in their hands on payday. Some ways to increase participation, and therefore maximize...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, IRS Regulation, Tax Planning
Some Maine-based small business may be going through some hard times. Borrowing from payroll taxes that have been withheld from employee paychecks might seem like an easy way to get cash temporarily. Business owners might think they’ll just borrow enough to pay...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing
As all small business owners know, no sale is really a sale until the money is in. Most businesses no longer operate on a cash and carry basis, so customers buy on credit. This means that often the receipt of that money is delayed. Every time a company extends credit...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
As a Maine-based small business owner, it may make sense to share employees with one or more related companies, each paying its share of wages and compensation. This might make sense for a number of reasons, but one important one is that a “common...
