by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions
As a Maine-based small business owner, you may be wondering how much can be deducted on your tax return for vehicle expenses. There are two basic ways to figure this out: The first is the standard mileage method. This provides a basic deduction for mileage and...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Fraud within a small business used to be rare. But now, many different types of organizations are falling victim to internal fraud. The good news is that while no anti-fraud system is infallible,there are things that small business owners can do to reduce the risk of...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions
A natural disaster is always bad news for a Maine-based small business, but sometimes a tax break can be salvaged. A hurricane, earthquake, tornado, fire, flood, or storm usually means that business owners can claim a casualty loss deduction on their tax returns....
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...
