by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
If you are a Maine-based business owner and you own commercial property, you’re probably depreciating it over 39 years. That means that every year, you deduct 1/39th of the property’s value (excluding land) from your taxes. Depending on the value of your...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
These days, anyone looking to form a new business relationship, especially one that involves credit, is wise to check out the risk involved first. After all, we know that even giant companies that once seemed untouchable may be teetering on too narrow a pedestal. With...
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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
Operating in today’s business world can sometimes seem like you’re navigating a legal minefield. You must be aware of, and comply with, numerous laws and regulations. A misstep can result in expensive and time-consuming legal challenges. Filler &...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
If you run your Maine-based business operations through two or more corporations, the different entities may share some of the same employees. If so, you may be able to save payroll taxes by using a common paymaster. This means that instead of having each business pay...
