by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Many small business owners feel buried in paperwork. Running a small business requires a certain amount of commitment that only the owner is able to tackle. But this means that there is a mountain of paperwork that comes with the territory. Among other things, the...
by Royer Advisors | Dec 11, 2024 | Business Plans
Business owners can easily get so caught up in leading their organization that they lose sight of what’s going with other employees. Sometimes there is frustration and dysfunction among lower level employees, but the owner only hears upbeat reports. Managers...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Fraud Prevention
Small businesses have to maintain payroll for their employees. This means that business owners cannot avoid collecting and maintaining personal information about their employees, both current and former. For long established business, it’s possible that there are...
by Royer Advisors | Dec 11, 2024 | Business Plans, Tax Planning, Tax Preparation
As a Maine-based small business owners know that they need to be mindful of the tax implications of any decision they make, regardless of the time of year. Here are just five of the tax-smart decisions to make during the year that could significantly reduce tax...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Small business owners will often get phone calls about former employees, regarding their work performance. The issue is more complicated than just answering questions about the job someone did. The wrong answers can lead to serious consequences, even litigation. Here...
by Royer Advisors | Dec 11, 2024 | Business Plans, Exemptions, Tax Planning
When the owners of a C corporation sell their business’ stock for a large profit, usually they are taxed at a maximum federal rate of 20 percent, as long as they’ve had the shares for more than a year. Relatively speaking, this tax rate isn’t too bad. However, a...
