by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning, Tax Preparation
Here in Maine, Fall is often a time to stop and enjoy the beautiful foliage, but it is also the time to start your year-end tax planning for 2015, and to tie up loose ends that remain from the 2014 tax season. However, be aware that the October 15th extension date has...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
Virtually all Maine small business owners are frustrated with our current tax system. In fact, five out of today’s Top 10 small business concerns relate to state and federal tax issues, according to the Small Business Problems and Priorities survey released by...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
Changes brought by the Affordable Care Act (ACA) continue to roll in. For affected Maine employers, these changes could mean higher expenses and will add filing responsibilities with the IRS. Background: The ACA has a language of its own, with many new terms employers...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning
It may seem far away, but the year will be wrapping up before we know it. Small business owners need to keep in mind all that needs to be submitted to complete required documents. Here are some important items to keep in mind when finishing up the tax year. Remember,...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning
Paying employees involves more than just issuing checks. Sometimes small business owners don’t realize how many specific records must be kept. For each employee there has to be records including details such as name, address, and Social Security number, but also...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation
Under the use-it-or-lose-it rule, unused flexible spending account (FSA) balances can be forfeited back to employers. They then have several options for handling the money. Here is what small business owners, as employers, need to know after first covering some...
