by Royer Advisors | Dec 11, 2024 | Business Plans, Tax Planning
Fall is just beginning, but it’s not too early to think about year-end tax planning. As the end of the year approaches, it’s time to identify moves small business owners can make before December 31st. The first thing to do is to make a projection of this...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Does your Maine-based small business sell products or services over the Internet? It is extremely important to understand the laws pertaining to the collection of sales taxes. Collecting sales tax is relatively straight forward if your business has a physical store....
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
If you want your Maine-based small business to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust. The most important starting point is a cash-flow analysis. Looking at your company’s...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Tax Planning
If you use part of your home as an office for your Maine-based small business, and deduct related expenses on your tax return, you may wonder if you can claim a valuable federal tax break when you sell. This tax benefit is the home sale gain exclusion, of up to...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
Historic performance does not directly determine the value of a business. Instead, investors are more interested in the future economic benefits the business will generate. Past performance is only relevant to the extent that it demonstrates trends and is expected to...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Small business owners and executives would be smart to obtain business interruption insurance, and possibly contingent business income. The idea is that the policy will compensate the company for lost earnings if a devastating event forces it to temporarily stop...
