by Royer Advisors | Dec 11, 2024 | Business Plans
The COVID-19 pandemic has wreaked havoc on the economy and health of Maine, the country and the entire world. With the city of Portland instructing residents to stay home, and Governor Janet Mills ordering all non-essential business in Maine to close, both employers...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Even as companies continue to grow in size in the Portland area, small businesses continue to be a major part of the economy in the region and throughout Maine. Anyone who runs a small business knows that it’s not easy, and sometimes it can be hard to make ends meet....
by Royer Advisors | Dec 11, 2024 | Business Plans, IRS Regulation, Tax Planning, Tax Preparation
With unemployment at record lows — both here in Maine and across the nation — retaining and attracting employees is a high priority for many business owners. So as the year winds down and you look ahead to 2020, one way you can address this issue is by improving your...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
Under the Fair Labor Standards Act, salaried employees whose job duties are executive, administrative or professional (EAP) in nature and who earn at least $455 per week aren’t eligible for overtime — no matter how many hours they work. Because of this, small business...
by Royer Advisors | Dec 11, 2024 | Business Plans
According to the U.S. Bureau of Labor Statistics, one in five workers is aged 55 or older. By 2026, that number is expected to be one in four — meaning the proportion of young workers in the overall labor pool will shrink. In a state such as Maine — which, according...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Thanks to the Tax Cuts and Jobs Act (TCJA), many businesses in Maine and beyond will pay less federal income taxes in 2018 and going forward. Some of these will spend their tax savings to merge with or acquire another business. Before jumping on the M&A bandwagon,...
