by Royer Advisors | Dec 11, 2024 | Court Rulings, Tax Planning, Valuations
Amazon.com, Inc. v. Commissioner The 9th Circuit recently affirmed the U.S. Tax Court’s 2017 decision in favor of Amazon in this key transfer pricing case, finding the governing regulations limited the definition of “intangible” to independently transferable assets....
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
There are many perks of working from home, including the tax deduction available to many taxpayers who have a home office. However, the Tax Cuts and Jobs Act (TCJA) has effectively eliminated the long-standing home office deduction through 2025. But if you are...
by Royer Advisors | Dec 11, 2024 | Financial Planning, IRS Regulation, Tax Planning
If you’re spending one of Maine’s many rainy spring days to clean up your home or office, you may want to purge yourself of some old paperwork. But before completely cleaning out your filing cabinet or deleting old files from your computer, it’s important to know what...
by Royer Advisors | Dec 11, 2024 | Financial Planning, IRS Regulation, Tax Planning, Uncategorized
Between 2010 and 2018 the median age in Maine increased from 42.7 to 44.9, this according to the U.S. Census Bureau. That 2.2 year increase is twice the national average and a reminder that our state’s population is aging. When you consider this fact alongside the...
by Royer Advisors | Dec 11, 2024 | Deductions, Tax Planning, Tax Preparation
While people are jumping in their cars and hitting the road here in Maine for some summer adventures, you and your small business may be hitting the road in a new vehicle. If you are adding a new car or truck to your business’ fleet, the purchase could qualify for...
by Royer Advisors | Dec 11, 2024 | Financial Planning, Tax Planning
There is still time for business owners in Maine and elsewhere to significantly reduce their tax bills for 2018. Taking the changes included in the Tax Cuts and Jobs Act (ACJA), here are seven year-end moves to consider: 1. Claim 100% Bonus Depreciation for...
