by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Most small business owners realize that paying company debts is just as important as collecting accounts receivable and that these debts need just as much management. What business owners may not realize is that they can actually have a surprising amount of control...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
2014 might not have had a very active hurricane season, but it did have its fair share of other natural and manmade disasters, including blizzards, wildfires, mudslides, and riots. These tragedies serve as sobering reminders to always expect the unexpected. When it...
by Royer Advisors | Dec 11, 2024 | Financial Planning
SEP Basics The SEP is a stripped-down retirement plan mainly intended for self-employed individuals and small corporate employers. If you’re self-employed, you can make an annual deductible contribution of up to 20 percent of your income to a SEP account. If...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
The term direct deposit does not apply to payroll only. This can be a time and money saving service to businesses in other ways too. What about the checks written for expense reimbursements or commissions? For a corporation, how about depositing the dividend checks of...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Exemptions, Financial Planning, Tax Planning
If you operate your Maine-based business as a sole proprietorship, a single-member LLC (which is treated as a sole proprietorship for tax purposes), or a husband-wife partnership, here’s a great family tax planning deal: Hire your under-age-18 children as...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
If your Maine-based small business is considering acquiring another company, you probably realize the importance of hiring an expert in due diligence and valuation. Unless you’re well-versed in performing a comprehensive financial analysis of a business, it...
