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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
The term direct deposit does not apply to payroll only. This can be a time and money saving service to businesses in other ways too. What about the checks written for expense reimbursements or commissions? For a corporation, how about depositing the dividend checks of...
by Royer Advisors | Dec 11, 2024 | Business Plans
The word “free” is a very effective tool and can help Maine-based small businesses attract attention, bring customers to Web sites and boost volume. In fact, some experts say the word pulls in more business than any other term in advertising. However, small...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing
As all small business owners know, no sale is really a sale until the money is in. Most businesses no longer operate on a cash and carry basis, so customers buy on credit. This means that often the receipt of that money is delayed. Every time a company extends credit...
