An exit plan enables a business owner to liquidate or reduce his or her portion of a business, should that time in a business’s life arise. A business exit strategy describes and outlines the form that an exit transition will take. Successful businesses will make a substantial profit when reducing or exiting a business. On […]
Will I be paying taxes when I retire? It’s a question you should definitely be considering. This is where being smart about tax planning for retirement comes into play. You can enjoy your golden years without the worry of paying taxes and preserve your life’s savings to continue living in comfort. The secret lies in […]
Strategic planning is one of those business buzzword phrases that is always talked about but isn’t always turned into action. It should turn into action, though. This is because strategic planning is one of the most important steps you can take to improve your business’s chances of success and sustainability. It takes some time, sure, […]
You have a dream and a brilliant idea for a new business. You have professional know-how and an outstanding business plan. You may have even handed in your notice and decided it’s time to make a go of it on your own. But securing one or more start up business loans might prove to be […]
At Saddock Advisory, we’re always advocating the use of wealth management advisors. While it’s a topic we’ve touched on before, there is no time like the present to expand on it further. A wealth management advisory service usually combines a range of financial services, all with the aim of setting you up for financial success, […]
The business world has a long tradition of philanthropic giving, especially over the past century. But over time, the concept of strategic philanthropy has developed as a way to challenge how traditional corporate giving has been conducted. More recently, the wider philanthropic and nonprofit sectors have shifted toward a more business-like approach. This is a […]
Although every year comes with minor changes to the tax code, the last year and a half have been a tumultuous time. Especially when it comes to changes to tax rates, brackets, deductions, and more. In this article, we will discuss some of the major tax changes in 2021, and review their various advantages and […]
In this increasingly digitalized world, it seems that there are always new programs and platforms advertised to make our lives easier. Some actually do so, while others do not. In this article, we will discuss a digital advance that really can save you a lot of time and unnecessary stress (especially if you are a […]
Let’s face it: being a small business owner is hard work. It’s nearly impossible to find time to do everything that you want to do to run your business. This tends to be especially true for a company’s finances. Many small business owners are not trained in running the financial side of a business, and […]
Predicting and analyzing risk is a difficult endeavor, especially since it involves anticipating unforeseen and adverse events. Of course, these events are hard to anticipate and even harder to plan for. But, risk analysis is essential to the success of any business. Although it is highly unlikely that you will be able to anticipate risk […]