by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Financial Planning
As a Maine-based small business owner, you may be wondering if you can write off bad debts at tax time. Since cash-basis companies don’t recognize revenue until it’s received, and therefore wouldn’t have anything on the books to deduct, only businesses that record...
by Royer Advisors | Dec 11, 2024 | Business Plans
Many Maine-based small business owners want to develop a company mission statement. They realize that a good one can highlight products and services, as well as align employees around a common vision. But the truth is that many mission statements fail, becoming...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Most small business owners realize that paying company debts is just as important as collecting accounts receivable and that these debts need just as much management. What business owners may not realize is that they can actually have a surprising amount of control...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
Many Maine-based small business owners know some of the theory behind business valuation, but they might not know all of the procedures involved in the analysis and preparation of a report. Clients and attorneys who understand how the valuation process works are...
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...
