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
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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Valuations
The ultimate indicator of how well a small business is performing is how much the company is worth. Any benchmarking system should include fair market value as one of its primary metrics. With public companies, it’s easy to monitor this metric by tracking share...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
If your Maine-based small business is considering acquiring another company, you probably realize the importance of hiring an expert in due diligence and valuation. Unless you’re well-versed in performing a comprehensive financial analysis of a business, it...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Tax Planning
Did you know there are certain tax breaks available to small businesses when they accommodate disabled individuals? This is a brief summation of three of those tax breaks: The disabled access credit A small business might be eligible for a nonrefundable credit when it...
