by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Financial Planning
Many banks in Maine, and other states, remain hesitant about loaning money to start-ups and small business owners, even nearly a decade after the financial crisis of 2008. Stricter lending policies often make applying for financing a nerve-wracking and time-consuming...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
It can be deceptively easy to take costs out of a business, at least initially. Cutting low-hanging fruit such as providing coffee in break rooms, consulting services, laying off temporary employees or removing a layer of management can result in considerable savings....
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing, IRS Regulation
Many business owners and executives feel like they’re admitting defeat when filing Chapter 11 bankruptcy, but it shouldn’t be that way. Chapter 11 immediately freezes all financial claims against the company and stops lawsuits and collection activities. The...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
While CFOs at most large U.S. companies have been working overtime themselves to prepare for the new overtime rule changes, many Maine small and midsize businesses haven’t been as quick to react. The deadline for the Department of Labor’s (DOL’s) new...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, IRS Regulation
You might have to close up shop for a while if your business is hit by a natural disaster; hurricane, windstorm, blizzard, or if it falls victim to arson or terrorism. As a result, you could suffer a major loss of income. A key component to continuing as a thriving...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning, Tax Preparation
A business trip is often meant to gain new customers and clients, or solidify relationships with current ones. Or perhaps it’s a time for sales calls and “meets and greets” with suppliers. In any event, the goal of business travel is generally to...
