by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
If you are a small business owner in Maine, you might be interested in hiring younger, seasonal workers, and you may be able to take advantage of a lower federal minimum wage. Employees under age 20 can be paid a “youth minimum wage,” for the first 90...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Tax Planning
Let’s say you’ve decided to sell your Maine-based business. There are two basic ways to sell an incorporated business: sell the assets or sell the stock. Sellers prefer stock sales because profits are generally taxed at a maximum federal rate of only 15 percent. Also,...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Maybe your Maine-based small business is ready to move to a bigger location, and you are interested in obtaining a commercial lease. A commercial real estate lease, like any other contract, can be negotiated. Do not use or accept a form lease submitted to you...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Valuations
When considering the value of your Maine-based small business, you may not have considered what standard is used in the determination. It can be a fairly important question that affects how the valuation turns out. Any qualified valuation report should state the...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning, Tax Preparation
Thanks to legislation passed in 2013, the federal income tax rates for individuals remain historically low for single taxpayers with taxable income below $400,000.The rates for C corporations, however, remain at the same levels that have been in place for years. As a...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings
Years ago, many companies dealt with vendors, suppliers, customers and others that were located in the same geographic area. Today, the Internet has made the business world a much smaller place, and it’s not unusual to engage in transactions with entities in...
