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
Many small business owners dread traditional performance reviews. They can be enormously time-consuming, and usually require a lot of paperwork. Due to a variety of performance criterial and various numeric ranking systems, managers can spend hours and hours per year...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
There is a growing need for valuation services among small businesses. There is a variety of reasons why business owners need to know the value of businesses, business interests and intangible assets, including sales transactions, financing, taxation, financial...
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...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings
What happens if you’re the owner of a limited liability company (LLC) that generates tax losses, and you don’t spend a lot of time in the activities of the business? The losses might be classified as passive, and your ability to currently deduct them might be severely...
