by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
While CFOs at most large U.S. companies have been working overtime themselves to prepare for the new overtime rule changes, many Maine small and midsize businesses haven’t been as quick to react. The deadline for the Department of Labor’s (DOL’s) new...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, IRS Regulation
You might have to close up shop for a while if your business is hit by a natural disaster; hurricane, windstorm, blizzard, or if it falls victim to arson or terrorism. As a result, you could suffer a major loss of income. A key component to continuing as a thriving...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning, Tax Preparation
A business trip is often meant to gain new customers and clients, or solidify relationships with current ones. Or perhaps it’s a time for sales calls and “meets and greets” with suppliers. In any event, the goal of business travel is generally to...
by Royer Advisors | Dec 11, 2024 | Deductions, Financial Planning, Tax Planning, Tax Preparation
Whether your Maine company has one vehicle on the road or dozens of vehicles, smart management can save you money. Familiarity with tax laws, simple maintenance steps and high-tech solutions can reduce the costs of operating your fleet and keep it safer. Start With...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
Tired of preparing all the documentation needed to support business travel expenses in and outside of Maine? Employees are required to collect receipts as they travel, noting the time, place and business purpose of each expenditure if your business reimburses...
by Royer Advisors | Dec 11, 2024 | Financial Planning, IRS Regulation
You could be subject to penalties and taxes and if you miss the deadline for rolling over an IRA distribution to another IRA or eligible retirement plan. However, if you have a valid excuse, you may be able to obtain a hardship waiver from the IRS, but applying is...
