Unleashing the Augusta Rule: A Game-Changing Tax Strategy for Business Owners with Simplify365™

August Rule Blog

Introduction: Are you a business owner not yet taking advantage of the Augusta Rule? If you’re running an S Corporation or C Corporation, this tax-saving opportunity might be right under your nose. In this blog, we’ll explore the Augusta Rule, its benefits, potential risks, and how Simplify365™ can guide you through a seamless implementation process.…

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Your Year-End Tax Planning Checklist: Securing Your Financial Future

As the holiday season approaches, it is not just your gift list that deserves attention. Your year-end tax planning checklist is essential this year. Proactive financial experts understand that the months leading up to year-end provide a prime opportunity to make final tax-saving moves that can substantially impact your financial well-being. To help you prepare…

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Avoid 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…

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Maximize Tax Opportunities: Think Differently, Be Purposeful, Achieve More

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Maximize Tax Opportunities: Think Differently, Be Purposeful, Achieve More When it comes to optimizing your tax strategy, it’s not just about avoiding errors – it’s about seizing opportunities to build a better financial future. As business owners, you hold the keys to a complex tax landscape that can offer substantial long-term gains and strategic deductions.…

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Capitalizing on Family Support: Optimize Your Payroll for Tax Advantages and Increase Your Retirement Savings

Optimize Your Payroll for Tax Advantages and Increase Your Retirement Savings

We understand that owning and running a business often becomes a family affair. Spouses and children play vital roles in various aspects, from casual conversations at the dinner table to continuous discussions about the business’s health. This is one of the many reasons we recommend optimizing your payroll to include these hardworking family members. We…

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Quarterbacking Your Financial Future

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How Vance Wealth Acts As The Quarterback Of Your Financial Future When it comes to securing your financial future, assembling a trusted team is crucial. At Vance Wealth, we take pride in acting as the quarterback of that team, leading the way in collaboration with your accountants, attorneys, insurance specialists, estate planners, business advisors, and…

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

The Value of Having Your Kids Work in the Family Business

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…

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Turn Sudden Wealth Into Forever Wealth

We’ve all imagined coming into sudden wealth at some point, so what does your dream look like? Maybe it’s a business sale, a massive sign-on bonus, book royalties, a wildly popular invention, or even YouTube stardom. Perhaps you know you’ll eventually experience sudden wealth by receiving an inheritance. Well, what if that money became real?…

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2022 – Q1 Investment Update

Dear Clients and Friends, 2021 was a banner year for equities, as enormous fiscal and monetary stimulus through the pandemic supported the strongest economic and earnings growth in decades during the reopening. The S&P 500 Index experienced minimal volatility while returning 28.71% (largest intra-year pullback being just 5.2%), though there was plenty of action beneath…

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