The simplify365® Planning Day

At simplify365®, we understand that as a business owner, you’re often caught up in the day-to-day demands of running your company. This constant firefighting can make it difficult to dedicate the time needed to focus on long-term strategy. That’s why we’ve devised Monthly Planning Day as a concept, a structured approach to help you step out of the daily grind and concentrate on your business’s growth and future.

Why Take a Day Out of the Office to Focus on Your Business?

Our Planning Day is specifically designed to encourage business owners to step away from their immediate responsibilities and dive deep into the strategic aspects of their business. We recommend setting aside one day each month for this essential work, followed by a more in-depth two-day planning retreat every six months. This schedule allows you to review your business’s progress, reassess goals, and plan the next steps for success.

Monthly Focus
Monthly Focus
A dedicated day each month to assess current operations, challenges, and opportunities.
Semi-Annual Retreats
Semi-Annual Retreats
Every six months, take two days to evaluate your business’s performance for the past period and set actionable goals for the upcoming months.
Year-End Planning
Year-End Planning
Use your final planning retreat of the year to wrap up the year’s progress and lay the foundation for the next.

Utilizing the Augusta Rule for Tax Benefits

A key advantage of our simplify365® planning day service is the ability to leverage the Augusta Rule, a unique tax-saving opportunity for business owners. Named after the prestigious Masters Tournament in Augusta, GA, the rule allows business owners with a corporation to rent out their personal residence for up to 14 days per year without incurring tax on the rental income.

To simplify this process for you, we handle all the details:

Rental Agreement
Rental Agreement
We prepare a proper rental agreement between you and your business to ensure compliance.
Customized Agendas
Customized Agendas
We provide a tailored agenda to guide your planning day, helping you stay focused and productive.
Meeting Logistics
Meeting Logistics
From sending calendar invites to creating meeting minutes templates, we ensure everything is organized for you.
Collaboration with Tax Professionals
Collaboration with Tax Professionals
We work alongside your CPA to make sure that all documentation is correct and that you maximize the tax benefits available under the Augusta Rule.

The Benefits of a simplify365® Planning Day

Taking part in our simplify365® planning day program isn’t just about reducing taxes — it’s about becoming a more effective business owner. By dedicating time each month to work on your business, you reduce stress, improve decision-making, and create space to focus on what truly matters, both professionally and personally.

Improved Strategic Focus:
Improved Strategic Focus:
Regularly stepping back to review your business allows you to make better decisions and improve overall performance.
Tax Savings:
Tax Savings:
Using the Augusta Rule, you can enjoy significant tax benefits while focusing on strategic planning.
Work-Life Balance:
Work-Life Balance:
It’s a chance to handle tasks in a quieter space while being present with your family, improving your work-life balance.

If you’d like to learn more about how our simplify365® planning day can transform your approach to business or how the Augusta Rule can benefit you, schedule a consultation with one of our wealth advisors at simplify365®.

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Case Studies

Explore our key case studies below or browse all to see how simplify365® can help manage your wealth effectively.

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Boosting Profit Margins Through Strategic Product Analysis

In this case study, Vance Wealth helped a seasonal business client boost their profit margin from 5% to 21% by streamlining product offerings and improving cash flow management. By conducting a detailed analysis of the client’s product lines, Vance Wealth identified unprofitable items and eliminated those with less than a 10% margin, reducing costs significantly. Additionally, they assessed the client’s cash flow needs, ensuring sufficient reserves to cover operations during the off-season. This strategic approach led to a more efficient business model, higher profitability, and improved focus on future growth.

Saving Over 50% in Taxes with a Cash Balance Plan

In this case study, Vance Wealth helped a high-earning consultant save over 50% in taxes by implementing a cash balance retirement plan. The client’s income, just shy of $1 million, caused his tax liability to surge. Through thoughtful tax planning, including a $125,000 cash balance contribution, Vance Wealth reduced his tax liability from $174,000 to $104,000, saving him over $70,000. Additionally, the client secured significant retirement savings, demonstrating the power of strategic tax planning.

Maximizing Tax Savings with Smart Business Planning

Here’s a great example of how Vance Wealth and simplify365(R) can help make a difference on your overall tax situation. In this case, the client was above the QBI threshold of $440,100, initially limiting his tax saving options. His total cash liability was north of $174,000, but a cash balance retirement plan offered a solution. Devising and implementing this plan, we were able to lower his tax liability by around $70,000. The client was able to put $120,000 into a retirement account that’ll grow tax-deferred, so it’ll be something he’ll be able to live off in retirement.

Reducing Corporate 401(k) Plan Costs by Over 30%

In this case study, John Vance, President and Founder of Vance Wealth, shares how his team helped a company with over 100 employees and $10 million in assets reduce their corporate 401(k) plan fees by more than 30%, saving over $335,000 annually. Through a thorough analysis and fee benchmarking, they restructured the plan’s investment menu and negotiated with Fidelity to significantly lower costs while adding valuable fiduciary services. This resulted in long-term savings for the employer and improved outcomes for employees.

Unlock the Augusta Rule’s Full Potential

Consider scheduling a simplify365® Monthly Planning Day and reap its tax optimization benefits.

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