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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
The S corporation is a popular business structure that’s available only to privately held businesses. According to the U.S. Small Business Administration’s Office of Advocacy, about 44 percent of small companies have chosen to operate as S corporations....
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Appropriate adjusting entries turn a company’s books from a simple list of transactions into a far more accurate reflection of how the business is doing. Small business owners sometimes think that as long as someone is recording every sale made and every expense...
by Royer Advisors | Dec 11, 2024 | Business Plans, Exemptions
Historically, small businesses that wanted their employees to have health coverage without the hassle of a company health plan had the option of reimbursing workers for the cost of buying their own coverage or some portion of it. As long as the employee provided...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
A small business owner can sometimes feel like their company is having trouble doing things right the first time. Or they may be starting a new business and need help with the complexities involved in turning a profit. These are times when it may be useful to get some...
