by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, IRS Regulation, Tax Planning, Tax Preparation
Under the Protecting Americans from Tax Hikes (PATH) Act of 2015, many tax breaks have been retroactively expanded for 2015 and beyond, and in some cases been made permanent. Now that the new law has settled, individuals and small business owners can plan ahead with...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning, Tax Preparation
Estate planning can be a challenge for many Maine family business owners. Often times, wealth is tied up in their companies, which creates a conflict between the desire to transfer ownership to the next generation and the desire to stay in control. Recapitalizing the...
by Royer Advisors | Dec 11, 2024 | Business Plans, Exemptions, Financial Planning, Tax Planning
A sneak preview of proposed modifications to the rules governing overtime was provided last year, but a change has been coming for two years. On May 18, the Department of Labor (DOL) came out with its new final rules, which take effect on December 1, 2016. The rules...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings, Divorce Litigation, Financial Planning, Valuations
A covenant not to compete prevents the seller from competing in the same industry for a specified time period and within a specified geographic range, and on the part of the seller, is similar to title insurance to the buyer of the business. In this sense, it protects...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning
The exchange of intangible property involves a two-part test. Yes, you can arrange a tax-deferred exchange of your company’s intellectual property — for example, copyrights, patents or trademarks — with another company. However, the IRS imposes...
by Royer Advisors | Dec 11, 2024 | Business Plans, IRS Regulation, Tax Planning
Do you remember your first summer job? Whatever your first job may have been, it taught valuable lessons about responsibility and balancing work with family and friends. It also helped keep you out of trouble during the summer, instilled confidence and built up your...
