by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
In today’s tough economy, the availability of business credit remains tight. Financial institutions are cautious and highly skeptical of new lending requests. In addition to increased scrutiny regarding new relationships, bankers are also increasingly turning...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing
Suppose you’ve been doing business with a company that owes your Maine-based business money or has been late in paying for services you have provided. You might have even filed a lawsuit to obtain the payments. But then you receive a notice that the company has...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
A small business owner may have several reasons for wanting to permanently close their business. In many cases it is simply because they are losing money. It could also be that the owners launched a company as friends and the relationship has soured over time. Or...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
The regulatory and legal pressure on employers to tightly monitor their 401(k) plan costs has always been strong, but employers may soon find a little help. At the same time, however, small employers must be aware that the federal judiciary is still paying close...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
Let’s say that Maine Delicious Lobster Company loses its contract to deliver lobster for its primary customer, Good Maine Sandwich Company. Furthermore, the contract loss was due to an alleged breach by Good Maine Sandwich Company. The lobster company sues the...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning
Starting up a small business in Maine and wondering about how tax deductions will be handled? It’s very important to remember that most expenses incurred before a business begins functioning cannot be deducted or amortized until the year when the business does become...
