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...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
Tired of preparing all the documentation needed to support business travel expenses in and outside of Maine? Employees are required to collect receipts as they travel, noting the time, place and business purpose of each expenditure if your business reimburses...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
A bill that would delay the start of new federal overtime pay rules from December 1, 2016 to June 1, 2017 was passed and sent by the U.S. House of Representatives to the Senate. However, President Obama has indicated he will veto the bill if it hits his desk. The...
