by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Financial Planning
Receivables aren’t really useful if they aren’t turned into cash. Your Maine-based small business really needs to keep tight control of its outstanding invoices so you are fully aware of the receivables situation and can take steps to improve the turnover of those...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
In today’s tough economy, the availability of business credit remains tight. Financial institutions are cautious and highly skeptical of new lending requests. In addition to increased scrutiny regarding new relationships, bankers are also increasingly turning...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
A small business owner may have several reasons for wanting to permanently close their business. In many cases it is simply because they are losing money. It could also be that the owners launched a company as friends and the relationship has soured over time. Or...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning
Starting up a small business in Maine and wondering about how tax deductions will be handled? It’s very important to remember that most expenses incurred before a business begins functioning cannot be deducted or amortized until the year when the business does become...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
In today’s economic environment, one major concern for many businesses, in Maine and everywhere, is maintaining a healthy cash flow. If your small business is feeling the pinch of a tight economy, and tight credit, its ability to manage cash flow is critical....
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Court Rulings, Financial Planning
A “working condition fringe benefit” is tax-free to your employees and deductible by your Maine-based company. To qualify for this tax-favored treatment, however, the expense must be “ordinary and reasonable” under the circumstances. In...
