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 | Court Rulings, IRS Regulation, Tax Planning, Valuations
Business valuations are prepared as of a specific date, similar to balance sheets. Sometimes a valuation’s effective date is in the past, and events have occurred after the valuation date that would have impacted the company’s value if investors knew (or...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning
Few things say “thank you” like food. As the holidays and year-end crunch approach, many Maine employers will bring pizza or donuts into the office, organize a holiday luncheon or provide their staff with free Thanksgiving turkeys. Employer-provided meals...
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...
