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, president, and visionary. “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 email@example.com or visit VanceWealth.com.
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.
The City of Santa Clarita welcomes residents to dispose of their unwanted household hazardous and electronic waste at the FREE Household Hazardous/E-Waste Collection Event on Saturday, November 19, 2022, from 9:00 a.m. to 3:00 p.m. This event will take place at College of the Canyons at 26455 Rockwell Canyon Rd.
The Household Hazardous/E-Waste Collection Event is a safe and free opportunity for residents to dispose of their hazardous household and electronic waste (e-waste), including antifreeze, paint, paint thinner, turpentine, motor oil, oil filters, brake fluid, cleaners with acid or lye, pool chemicals, fertilizers, pesticides, household batteries or car batteries, fluorescent light bulbs, cathode-ray tubes (CRT) televisions and other miscellaneous electronics such as cell phones, printers and stereos. Needles or sharps (in a sharps container or a sturdy box labeled “sharps”) and unwanted or expired prescriptions may also be disposed of at this event.
In preparation for the event, waste items should be packed in a sturdy box, preferably in their original labeled container, in the trunk of the participant’s vehicle. Participants should be prepared to leave any containers or boxes at the collection site and must remain in their vehicle while trained staff removes the hazardous waste from the vehicle’s trunk.
Items not eligible for disposal include:
• Ammunition, radioactive materials and explosives
• Controlled substances and biohazardous waste
• “White goods” including refrigerators, water heaters and other similar domestic appliances
• Waste from businesses
All Los Angeles County residents are welcome to attend the Household Hazardous Waste/E-Waste Collection event. Reservations are not needed to participate. A transportation limit of 125 pounds or 15 gallons per vehicle is enforced. Attendees must remain in their vehicles and event staff will only remove waste from a vehicle’s trunk or pick-up bed.
In partnership with the City of Santa Clarita, this drive-thru event is sponsored by the County of Los Angeles and organized by the Department of Public Works and the Sanitation Districts of Los Angeles County.
For more information about the Household Hazardous Waste/E-Waste Collection Event and additional household hazardous waste permanent collection centers, visit lacsd.org or call (888)CLEAN LA. Visit GreenSantaClarita.com to learn more about upcoming green events.
SANTA CLARITA – Ready to make the leap from a thirsty lawn to a thriving landscape? Let SCV Water show you how! At Water Matters: An Introduction to the Lawn Replacement Program (LRP), SCV Water conservation staff will share the basics of swapping your water-thirsty lawn for a more beautiful, efficient, and sustainable landscape. Customers can attend this free live virtual webinar on Wednesday, November 16, 2022, at 6 p.m.
“With drought top of mind, we have a lot of community interest for our Lawn Replacement Program,” said SCV Water’s Sustainability Manager Matt Dickens. “We wanted to provide an opportunity for folks interested in the program to get all their questions answered and learn about what the program entails from start to finish.”
Attendees are requested to register by November 16 at noon. Community members who cannot attend the live event can view it afterward by visiting yourSCVwater.com/water-matters.
During the event, SCV Water’s conservation team will answer questions from attendees, as well as share key information, including:
• The basics and requirements of the LRP
• An overview of the LRP process
• Additional high-efficiency irrigation rebates and incentives
To register for the event, visit https://bit.ly/watermattersLRP.
Water Matters Web Series
Water Matters is a new webinar series being offered by SCV Water. The LRP will be featured for the first session, and other topics will be offered quarterly. Community members are invited to suggest topics they would like to learn more about in the Water Matter series by emailing Public Affairs Specialist Laura Gallegos at firstname.lastname@example.org.
About SCV Water:
The Santa Clarita Valley Water Agency (SCV Water) is a full-service regional water agency located in the Santa Clarita Valley. SCV Water provides water service to approximately 78,000 business and residential customers. It was formed on January 1, 2018, when local water suppliers combined into one integrated, regional water provider. More information can be found at www.yourSCVwater.com.
For more information, please contact:
Public Affairs Specialist II