Santa Clarita wealth management firm creates new planning approach for business owners

Santa Clarita wealth management firm creates new planning approach for business owners 

Powerful business solution integrates life and business planning while reducing tax burden

Santa Clarita, Calif. — Santa Clarita wealth management firm Vance Wealth announced a new business offering designed to help business owners simplify their planning approach to life and business.

Simplify365 is a business planning system that helps owners carve out the time they need to focus on what matters most while simultaneously taking advantage of specific tax-saving opportunities. By implementing a few critical strategies, business owners can adopt a more purposeful planning routine, optimize their payroll structure, improve their retirement savings, while striving to reduce their tax burden and keep more of the money they earn.

“Running a business can be very rewarding, but it’s also very consuming. What affects your business affects your life and vice versa,” explained John Vance, the firm’s founder and president. “Eventually, you get to a point where you ask yourself: ‘How can I simplify my business and my personal lives in order to achieve more of my big-picture goals?’ Answering that question is where this program started.”

After working with many business owner clients, the firm’s wealth advisers were able to identify planning opportunities where more support and guidance were needed.

“It’s hard not to get caught up in the day-to-day grind of running your business,” Vance said. “By taking a dedicated monthly planning day, we’ve found that business owners can approach life and business with greater purpose. The result is better physical, mental, and emotional health at work and home, allowing you to show up as the best version of yourself.”

The Simplify365 Planning Day gives business owners a highly structured agenda to increase clarity, review goals, and help find solutions to their most pressing issues each month.

By taking this planning day in the comfort of their own homes – and away from their busy workplaces – business owners may be able to take advantage of the Augusta Rule. Also known as IRC Section 280A(g), this piece of tax code allows homeowners to legally rent out their home to their business for up to 14 days per year, resulting in a sizable tax deduction.

While the planning day and Augusta Rule deduction set the foundation for consistent checkpoints throughout the year, a comprehensive tax plan ensures these monthly sessions are working toward the ultimate goal: maximum profitability and minimum tax liability over the business owner’s lifetime.

In nearly 20 years of service to business owners, the firm has identified several tax-optimization strategies that can be applied to key areas of business, from payroll to retirement. These strategies are analyzed for each individual client and put together in a comprehensive, proactive tax and retirement plan that aims to reduce the client’s long-term tax burden.

“Tax prep is overwhelming, especially for business owners. If you’re like most, you sign your tax return without really knowing if all the data has been picked up accurately. That’s where we can help,” Vance said. “We work with your accountant striving to make sure you’re taking advantage of every opportunity and working toward long-term tax savings – instead of just looking at how to save taxes one year at a time.”

Simplify365 is ideal for business owners who want a more purposeful approach to their time and planning, so they can achieve more of their goals in life and business.

“I’ve been on the business owner journey for almost 20 years now, and I’ve had to find solutions to these same challenges,” Vance said. “Everything I’ve learned along the way is built into this program. It’s been many years in the making.”

To learn more about the new Simplify365 offering, please call 661-775-0950 or click here to schedule a complimentary consultation with a Vance Wealth adviser. 

About Vance Wealth 

Since 2003, Vance Wealth has served as a premier financial planning practice passionately committed to helping families and businesses succeed at every step of their financial journey. Serving Southern California, the practice delivers innovative and comprehensive wealth management strategies precisely customized to each client’s goals and needs. To schedule a consultation and learn more, call 661-775-0950, email info@vancewealth.com or visit VanceWealth.com.

Disclosures:

Vance Wealth, Inc. (“Vance Wealth”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Vance Wealth and its representatives are properly licensed or exempt from licensure. The information provided is for educational and informational purposes only and does not constitute advice. Vance Wealth does not provide tax or legal advice. You should contact your tax advisor and/or attorney before making any decisions with tax or legal implications.