061218 Vance Wealth Marketing Day 2 SchlickArt 6627SRGBlowres 1016x678 - Tax Tips: Why saving more right now isn’t always the best

Tax Tips: Why saving more right now isn’t always the best

Paul Hickey Tax Issues

Most people have one goal when it comes to taxes: Pay as little as possible on the next tax return.  However, that isn’t how you save the most – or achieve the most – in the long-run.  In fact, at Vance Wealth, we believe paying taxes is the goal. Why? It means you’re successfully growing and earning more over time.  “Our goal is always to help you achieve more. That means it’s safe to assume that you’ll earn more as the years go on, so …

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Tax Planning: The Crucial Step You Don’t Even Know You’re Missing

VanceWealth Tax Issues

If you’re seeing your accountant only to file your taxes, then you’re missing one of the most important steps in preserving wealth. Here’s the crucial step that could help you save — now more than ever. What’s tax planning? Tax planning is typically the thing that just doesn’t get done regarding your finances. As a business owner, you might have a more proactive approach toward tax planning, as entrepreneurship often requires. But if you’re working with your accountant only to …

Discussion

Achieve More: Entrepreneur Edition – 3 Tax Strategies To Help Your Business Save In The Long Run

Shanele Stoll Business Owner, Tax Issues

At the end of each year, most business owners file their taxes with one simple goal: to save as much as possible on the next return. But at Vance Wealth, we take a different approach to tax planning. Of course, we use creative tax strategies to help our clients maximize their savings each year, but we also look at the bigger picture. We plan for the present with the future in mind. It’s a balance – and it’s where we …

Patti Handy

Patti’s Perspective: 5 Tax-Saving Tips that must be applied by year end.

Shanele Stoll Tax Issues, Woman's Wealth

As we head into the Fall, my favorite time of year, I’m all about the pumpkin spice. Yes, I’m one of those- I love everything pumpkin! Don’t judge me. But, at Vance Wealth, this time of year is all about year-end tax planning. Here are 5 Tax-Saving Tips that must be applied by year end: Convert your IRA to a Roth IRA: With a Roth IRA, all future withdrawals are tax free, and all gains and earnings grow tax free. …

062821 Vance Wealth Marketing SchlickArt 7612SRGBlowres 1016x677 - 8 Tax-Saving Tips That Must Be Applied Before Year-end

8 Tax-Saving Tips That Must Be Applied Before Year-end

VanceWealth Market Update, Tax Issues

Here are eight essential tax-saving tips that must be implemented before year-end. If you want to maximize your tax benefit in 2021, you must act soon. 8 Tax-Saving Tips That Must Be Applied Before Year-end  It’s important to understand that these tax-saving tips will only save you money if they are right for you. There are some tips, for example, that benefit those who’ve had a good year, while others create silver linings in an otherwise bad year. Be sure to consider …

JV Cover 1016x677 - Planning for Every Outcome: Prepare For Tax Changes Before You Run Out Of Options

Planning for Every Outcome: Prepare For Tax Changes Before You Run Out Of Options

VanceWealth Business Owner, Financial Planning, Tax Issues

At Vance Wealth, one of our most important responsibilities is not simply preparing for life’s uncertainties, but help anticipating them before they occur. This year, that’s especially important when it comes to tax planning. The Biden Administration has proposed changes to our tax policies that, if enacted by Congress, would likely have a significant impact on tax bills, especially if you don’t adjust your financial plan ahead of these changes. “You can’t achieve thoughtful, effective tax planning unless you’re proactive,” explained John Vance, President …

021220 Vancewealth Marketing SchlickArt 1028 EditSRGBlowres 1016x677 - 2021 - Q3 Market Update

2021 – Q3 Market Update

VanceWealth Market Commentary, Market Update, Political Commentary, Tax Issues

We hope you are all enjoying your summer! It is another hot one in Southern California, almost as hot as the real estate market. I know the Vance Wealth team has been trying to beat the heat by heading to the beach or spending time in the pool this summer. However you are trying to beat the heat, we hope you are getting some sort of relief.   What if I told you the S&P 500 is up almost 90% …

401k team 1016x677 - 10 Tax Saving Tips That Must Be Applied Before 2021

10 Tax Saving Tips That Must Be Applied Before 2021

VanceWealth Business Owner, Retirement, Tax Issues

We’ve got some great tax-saving tips for you, but they require action before the end of the year. There are only a few weeks left of viable tax planning time in 2020, so let’s dive right in.   Do You Need To Act Now? You may need to pivot your tax plan before the end of the year if any of these factors apply to you: You need to increase your liquidity You’re in a lower tax bracket than a …

Pic - 2019 Q4 Investment Update

2019 Q4 Investment Update

VanceWealth Market Update, Tax Issues

The first three quarters of 2019 rapidly passed but not without noteworthy market performance. While the markets appeared flat last quarter, they were not sideways. In fact, that would be far from the truth. The S&P 500 peaked on July 26th at 3,025* but shortly after experienced a downside volatility. August was full of “ups and downs” with the market bouncing between a trading range. September allowed the market to turn positive for the quarter but gave most of those …

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Improve the health of your retirement plan with Advanced 401K Solutions

VanceWealth Business Owner, Tax Issues, Uncategorized

Vance Wealth has long committed to provide consistent education to team members, clients and the community. It’s more than a promise; it’s a care philosophy that guides our culture and growth. When we noticed a glaring gap in education and services for business owners and their employees; we felt compelled to act. “Our market research, concluded that the small-business space was underserved and undereducated in terms of their 401k plan options,” explained John Vance, Founder and President of Vance Wealth. …