by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
When you take out personal loans to buy a Maine-based small business, you want to maximize the tax write-offs for the resulting interest expense. The tax law in this area can seem complicated. But if you do some research ahead of time and talk with Filler &...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Many small businesses owners are aware that they should have, and regularly update, a strategic plan. They may not, however, realize that part of the process should involve having a succession or exit plan. The Anatomy of a Strategic Plan The best way to start working...
by Royer Advisors | Dec 11, 2024 | Financial Planning, Valuations
Using the market approach, appraisers use comparable guideline companies to help reach an estimate of the value of a business. It has become a long-standing valuation touchstone. There are two primary valuation methods that fall under the market approach: Guideline...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning
Paying employees involves more than just issuing checks. Sometimes small business owners don’t realize how many specific records must be kept. For each employee there has to be records including details such as name, address, and Social Security number, but also...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Financial Planning
A simplified employee pension (SEP) is a good way to start securing a small business owner’s retirement, and the business can gain tax advantages right away. An added advantage is that setting it up and maintaining it is not very difficult. SEP Basics The SEP is...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Valuations
It seems obvious that the best time to find out about possible culture differences between two companies considering a merger is before the deal is complete. One of the most common reasons for mergers or acquisitions to fail is concern about cultural integration. It...
