by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Does your Maine-based small business sell products or services over the Internet? It is extremely important to understand the laws pertaining to the collection of sales taxes. Collecting sales tax is relatively straight forward if your business has a physical store....
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
If you want your Maine-based small business to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust. The most important starting point is a cash-flow analysis. Looking at your company’s...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Tax Planning
If you use part of your home as an office for your Maine-based small business, and deduct related expenses on your tax return, you may wonder if you can claim a valuable federal tax break when you sell. This tax benefit is the home sale gain exclusion, of up to...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation
Employers can see advantages from hiring independent contractors for their Maine-based small businesses. They can be hired on a per-project basis and then let go when the project is completed. Also, independent contractors tend to be more experienced workers and...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Many small business owners would like to expand, in order to generate higher sales and increase profits. But before making moves to buy new equipment, expand your plant or implement a new business idea, you need to fully understand how the profit angle works. Many...
by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Financial Planning
Most lenders require the individual owner of a Maine-based small business to personally guarantee loans made to their business. This shows the owners’ commitment and helps ensure that the loan obligation is fulfilled. The problem is that the personal guarantee...
