by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning
With the extended July 15 deadline for 2019 federal income tax returns behind us, it’s time to think about your tax situation for this year. Obviously, 2020 has been far from typical, and it is quite possible that this abnormal year has created some abnormal tax...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Preparation
A small payment from the IRS may be coming your way in the near future. The tax agency announced it was sending interest payments to those who filed their 2019 returns by this year’s extended July 15 deadline and either received a refund in the past three months...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning
Maine has seen an increase in startups and technology-based companies, especially around the Portland area. Many — if not most — went through a process that included designs, models and patents that helped bring their respective idea to market. For a long time, those...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning
If you’re a business owner here in Maine, the new year comes with new payroll rules. Here are five of the most significant changes for 2020: 1. Significant revisions have been made to Form W-4 The IRS has redesigned Form W-4 for this year to reflect changes from the...
by Royer Advisors | Dec 11, 2024 | Exemptions, Financial Planning, IRS Regulation
The fast spreading COVID-19 pandemic has forced the closure of many nonessential businesses — threatening the livelihoods of numerous small businesses here in Maine as well as the people they employed. In response to the economic and health impact of this pandemic,...
by Royer Advisors | Dec 11, 2024 | Deductions, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act is delivering some much needed relief to Maine people and businesses. While this legislation is designed to help us move forward economically, it also provides some retroactive tax relief....
