by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings, Deductions
After a recent U.S. Tax Court decision, current deductions aren’t allowed for most expenses incurred during the start-up phase of a new business. When compared with the federal treatment of start-up expenses, it can be confusing for small business owners....
by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing
Maine-based small business owners are all used to hearing different excuses when trying to collect money owed to their companies. For these delinquent customers, the real objective is often to delay, either until some time further down the road when they will have...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
It can be very intimidating for Maine-based small business owners to seek out a bank when they need a business loan. Bankers obviously want to minimize their risks, and usually small business owners need the loan because they are trying to do something which could be...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
As a Maine-based small business owner, it’s important to be aware of two things. One is the break even point for every customer or client. The second is the status of all business prospects. If these two things are unknown, it might be time to consider the following...
by Royer Advisors | Dec 11, 2024 | Business Plans, Fraud Prevention
It may seem like checks are less common for Maine-based small businesses than they used to be. However, check fraud continues to cost individuals and small businesses billions of dollars every year. Even though forged checks have always been a problem, inexpensive...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Exemptions, Financial Planning
Often a Maine-based small business will be asked by staff members if they can be exempt from federal withholding. There are a few different things to keep in mind when considering this question: If the staff member had no liability the previous year, i.e., they...
