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, Financial Planning, Valuations
In today’s complex business world, shareholder disputes can be quite common. These disputes can be divisive, long-lasting and expensive, and can arise in almost any privately owned business. Some of the more common types of lawsuits that may be filed against...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Baby boomer business owners in the United States are looking to turn their years of sweat and toil into cash for retirement, but the faltering economy rapidly turned the seller’s market of a few years ago into a buyer’s market, negatively impacting value....
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions
A lot of people consider turning a favorite hobby into a money-making operation. And you could be eligible for some tax deductions by starting a Maine-based sideline business. Some expense deductions that could be possible include equipment, advertising, subscriptions...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
When there is an alleged breach of contract between two businesses, can one sue the other for both damages and loss of business value? As an example, say that Trusty Trucking Company loses its contract to deliver insulation for its primary customer, Good Insulation...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Exemptions, Financial Planning, Tax Planning
If you operate your Maine-based business as a sole proprietorship, a single-member LLC (which is treated as a sole proprietorship for tax purposes), or a husband-wife partnership, here’s a great family tax planning deal: Hire your under-age-18 children as...
