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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Credit sales are a fact of business life. An important skill that Maine-based small business owners develop is maintaining the balance between the total cost of bad debts and profit gains. As a small business owner, you need to constantly monitor your total...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Valuations
In today’s complex business world, shareholder disputes can be quite common. These disputes can be divisive, long-lasting and expensive, and can arise in almost any privately owned business. Some of the more common types of lawsuits that may be filed against...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Maine-based small business owners often face a balancing act when it comes to deciding how much cash to keep in their regular checking accounts. On one hand business owners want to keep the money available for an emergency or great opportunity. But on the other hand,...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Tax Preparation
When starting a new Maine-based small business, there are a variety of entity choices. Some will be easily ruled out based on the business’ operation. The six basic entities are: 1. A sole proprietorship This is a business owned by one person, who may be the only...
