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exit planning business owner
As a successful business owner, you may have no immediate plans to close the shop in the near future, but what about many years from now? Smart exit planning strategies are essential for any business. However, more often than not, these strategies are ignored until significant changes are imminent. Without an exit strategy well in advance,...
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business loan
When it comes to successfully launching a new business, having the funds to succeed from the start is key.   According to the U.S. Bureau of Labor Statistics, 20% of new businesses fail within their initial year. Moreover, one of the primary reasons in recent history is simply a lack of funds.   In fact, per a...
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tax planning
Are you ready to learn some tax planning tips for your business? Calculating annual taxes can be challenging enough for everyday individuals, but these challenges are multiplied for small business owners.   In 2020, the IRS announced that it would increase tax audits of small businesses by 50%, and many small businesses simply don’t have...
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tax audit
The April 18 deadline for your 2023 taxes is quickly approaching.  Therefore, one core aspect of annual taxes at the back of every taxpayer’s mind is the possibility of triggering an audit.  Generally speaking, audits are fairly rare, with less than 1% of Americans being audited on a yearly basis. However, this percentage can certainly...
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estate planning
You have spent a lifetime making careful financial decisions and saving your money so that you can secure your future, as well as the future of your loved ones. No one wants to leave behind a burden when it comes to ensuring that your family members, friends, and charities are properly provided.  Also, this means...
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financial solutions
To say that 2022 was a challenging year when it came to smart investing is a massive understatement. While the year began with some optimism as the nation eased out of the height of the pandemic, lingering supply chain issues, the war in Ukraine, and crippling inflation all took a toll as the year progressed.  ...
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tax planning
Tax planning and preparation can be a hassle for anyone. Tax season sometimes is an exhausting time to think about, and it is a dreaded time of the year for many. However, did you know your life could be made easier by using tax planning services? We are here to tell you how. By following...
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In today’s economy, many companies from start-ups to private equity-backed firms and all businesses in between, outsource many functions of their business. This is one strategy to handle the financial difficulties that many businesses encounter.   Outsourcing is necessary for a variety of reason and circumstances, including the requirement for greater financial leadership. Outsourced CFO consulting...
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Whether you’re aiming to grow your business or keep it from going under, taking out a business loan may be one of the options you’re considering. When there is so much at stake, there are critical factors to consider before applying for a loan.    Our team at Saddock Advisory understand the potential and the risks...
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Does your business have a plan for when the unexpected happens?  Is your plan to figure it out day-by-day, or do you understand the business advantage of having a strategic plan in place?   Saddock Advisory believes that strategic planning is a must for a business of any size. A solid strategic plan makes your company...
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