by Royer Advisors | Dec 11, 2024 | Business Plans
Many Maine-based small business owners are involved in the food service industry. The Food and Drug Administration (FDA) publishes a Food Code for restaurants to protect the public from diseases that are transmissible through food. Owners of food service...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
Usually when a business is professionally valued, owners and managers immediately check out the bottom line to see what the company is worth. They may pay little attention to the reasons behind the final number, especially if the report was prepared for internal...
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
It can be a complex process to create an effective retirement program that meets the needs of both you, as a small business owner, and your employees. There are business strategies involved, like how to motivate employees to stay at the business, but there are also...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Valuations
When a business is being valued, sometimes working capital can be overlooked. It is important to remember, however, as it can have a material effect on value. Working capital is defined as the difference between a business’ current assets and current liabilities. If...
