Tax Issues
Stop Rushing Year-End Decisions: A Smarter Approach to Tax Planning
Why Last-Minute Tax Decisions Can Be Risky for Business Owners As the year winds down, many business owners feel the familiar pressure to make last-minute purchases before December 31 to reduce taxes. But those quick decisions can sometimes do more harm than good. Why Long-Term Tax Strategy Matters More Than Year-End Deadlines We believe the…
Read MoreAre You Relying on Year-End Purchases for Tax Savings? Let’s Build a Smarter Plan
As the year comes to a close, many business owners feel pressured to make last-minute purchases—such as trucks or machinery—to take advantage of tax deductions. However, if you’re buying equipment you don’t truly need just to lower your tax bill, it may be time to rethink your strategy. Short-Term vs. Long-Term Tax Savings Focusing solely…
Read More2025 OBBBA Tax Law Changes: What They Mean for You
A Historic Update to the Tax Code In July 2025, Congress passed and the President signed the One Big Beautiful Bill Act (OBBBA) a sweeping piece of legislation that makes permanent some of the most impactful provisions of the 2017 Tax Cuts & Jobs Act while introducing a range of new deductions, thresholds, and incentives.…
Read MoreWhat Should Investors Know About the 2025 Midyear Market & Economic Update?
2025 has been full of economic headlines: a sweeping new tax law, changing market sentiment, growing global tariff uncertainty, and AI-driven disruption reshaping how we invest. But how much of the noise should you listen to? In our 2025 Midyear Market & Economic Update, John Vance breaks it all down so you can cut through…
Read MoreThe Value of Having Your Kids Work in the Family Business: Building Character, Practical Skills & Generational Wealth
Imparting Values and Creating Generational Wealth through Family Business Running a family business can be challenging, but involving your children in the operation can provide many benefits beyond just practical skills. Children who work alongside their parents and other family members gain practical experience that they can carry with them throughout their lives. In addition…
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Understanding the Corporate Transparency Act
The Corporate Transparency Act is affecting many business owners, investors and real estate owners. Here’s how: On Jan. 1, 2024, a significant regulatory change went into effect that impacts limited liability companies (LLCs), corporations and other entities, but its reach extends beyond the typical business owner. The Corporate Transparency Act (CTA) requires certain businesses…
Read MoreRecent Court Case Upholds Augusta Rule But Demonstrates Importance Of Compliance
To the small business owner, every opportunity to maximize deductions and minimize liabilities is precious. One such opportunity is the Augusta rule, a tax-saving strategy that allows a business owner to rent their home as a meeting space for up to 14 days per year. By renting their home to their business, the business owner…
Read MoreAvoid These Common Tax Mistakes
The most costly and common tax mistakes are not errors but missed opportunities to achieve more. Here’s how to avoid them. More often than not, the most costly tax mistakes we see are not errors but missed opportunities. Including overlooked opportunities for long-term planning, strategic deductions, and reduction of your lifetime tax liability. The easiest way to…
Read MoreThe High Cost of Tax Mistakes: Vance Wealth’s Solution for Business Owners
The High Cost of Tax Mistakes: Vance Wealth’s Solution for Business Owners As a business owner, you’re juggling countless responsibilities and striving to grow your enterprise. At Vance Wealth, we understand the challenges you face, and we’re here to ensure that you’re not only growing your business but also taking advantage of every legal tax-saving…
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