by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
Tired of preparing all the documentation needed to support business travel expenses in and outside of Maine? Employees are required to collect receipts as they travel, noting the time, place and business purpose of each expenditure if your business reimburses...
by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
These days many college students are leaving school with an overwhelming amount of debt. However, there are some cases where student loans are discharged (also known as being cancelled or forgiven). In other cases, these loans are paid off by an employer. With both of...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning, Tax Preparation
If you’re considering investing in a start-up or starting your own business in Maine, there’s an exciting tax break that could sweeten the deal: Gains from selling qualified small business stock (QSBS) that you acquire on or after September 28, 2010, are...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
The IRS released new temporary and final Section 752 regulations at the beginning of October 2016. Sec. 752 of the Internal Revenue Code and related regulations explain how to allocate partnership debt among partners for purposes of calculating the basis of their...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, Exemptions, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
Now that both major political party conventions are finally behind us, it’s time to focus on the upcoming national election. Among their many differences, the Republicans and Democrats have widely divergent tax platforms. It’s good to know what tax...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
ABCs of Education-Related Tax Breaks It’s back-to-school time in Maine and across the country. Whether or not the school buses are already disrupting your commute to work, the start of the school year brings opportunities for tax breaks. There are numerous...
