by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation, Valuations
Employee stock ownership plans (ESOPs) provide tax-saving opportunities for business owners who want to exit the business and are committed to employee ownership. A business valuation is the first step to determining whether this option makes sense for you. How ESOPs...
by Royer Advisors | Dec 11, 2024 | Financial Planning, IRS Regulation, Tax Planning
The IRS Fiscal Year 2015 Enforcement and Service Results showed an increase of 18.6% over the previous year for audits of partnerships. That’s the highest audit rate partnerships have experienced since 2006. By comparison, audits of large C corporations...
by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Deductions, Financial Planning, Tax Planning, Tax Preparation
If you participate in a qualified retirement plan, such as a 401(k), profit-sharing, or Keogh plan, through your job or self-employment, you might be allowed to borrow from the account. It’s important to note that the borrowing option is not available for traditional...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Valuations
It can be difficult to plan for your replacement and deal with your mortality, which is why many Maine business owners procrastinate putting a well-conceived succession plan in place. The reasons are understandable. However, there are many reasons why it’s best to...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Financial Planning, Tax Planning
Sometimes, estate proceedings continue to be open for years with no end in sight. If you’re an executor or personal representative of an estate, or even an heir, eventually you want closure. There are certain steps that must be taken to close the estate. This...
by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Financial Planning, Valuations
Because of their advantageous tax-free treatment, structured settlements are typically associated with the payment of personal injury damages. However, some business purchases and buyouts can also benefit from structured settlements using annuity payments from an...
