by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
The IRS recently published a series of press releases to make tax payers aware of the “dirty dozen” tax scams for this year. The list is not entirely surprising, but it’s important to note that these scams have become increasingly technology-driven in recent...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, IRS Regulation, Tax Planning
Employment statistics ended 2015 on a positive note, and many businesses are planning to hire new employees this year. In addition, roughly 242,000 new jobs were added in February and the unemployment rate fell to 4.9%, its lowest level in eight years. Several recent...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning
The IRS 2016 optional standard mileage rates are in. These rates are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. You can generally deduct actual expenses incurred from driving your vehicle for...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning, Tax Preparation
Health Savings Accounts (HSAs) allow individuals and businesses to buy less expensive health insurance policies with high deductibles, and contributions to the accounts are made on a pre-tax basis. The money can accumulate year after year tax free, and be withdrawn...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
How It Works You can immediately write off up to $25,000 of the cost of a new or used heavy SUV, pickup or van thanks to the Section 179 deduction privilege. The vehicle must be placed in service by the end of your business tax year beginning in 2015 and used over 50%...
by Royer Advisors | Dec 11, 2024 | Business Plans, Tax Planning, Tax Preparation
A well-executed inventory count can provide valuable insight into improving operational efficiency for your Maine-based company, even if they seem time consuming and disruptive. Unfortunately, inventory counts are among the most dreaded chores for business owners and...
