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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
For Maine-based small business owners, there are benefits of using direct deposit to pay employees. Some employees, however, may not fully trust banks, or want to have paper checks in their hands on payday. Some ways to increase participation, and therefore maximize...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Even in good economic times, Maine-based small business owners can find it difficult to grown their profits. There’s a lot to be gained by learning how to become more profitable without growing the company bigger. Consider a Profit Audit Most small businesses have...
by Royer Advisors | Dec 11, 2024 | Business Plans, Fraud Prevention
Many Maine-based small business owners assume their companies are less susceptible to fraud than large corporations. It seems like their operations are more tightly controlled, with many trustworthy and longtime employees on the payroll. Unfortunately, however, this...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
2014 might not have had a very active hurricane season, but it did have its fair share of other natural and manmade disasters, including blizzards, wildfires, mudslides, and riots. These tragedies serve as sobering reminders to always expect the unexpected. When it...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings, Tax Planning, Tax Preparation
What happens if you’re the owner of a limited liability company (LLC) that generates tax losses, and you don’t spend a lot of time in the activities of the business? The losses might be classified as passive, and your ability to currently deduct them might...
