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, Valuations
When a business is sold, it may sell for more (or less) than the appraised value. Sometimes this doesn’t make sense to laypeople, but valuators understand that there are many valid reasons why price and value could be different. Small business owners that understand...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
In order for lenders to award credit, they need to see detailed budgets, including cash flow forecasts. These have to include realistic projections, not guesses at profit and revenues. Cash flow projections are especially important as they show how small businesses...
