Derek Myron’s Post

📣Have you or your business owner clients filed for a corporate tax extension? If so, have you considered the opportunity with retroactive Cash Balance or Profit Sharing plans? Consider this: why not leverage this opportunity to kickstart a retroactive Cash Balance or Profit Sharing plan for 2023? Not only does this offer potential for additional tax savings, but it also provides a powerful means to bolster retirement savings. With the deadline extension, now is the ideal moment to seize this opportunity and enhance your tax savings strategies. Contact one of our Regional Vice Presidents and get insights into the potential tax credits available when adopting a retroactive plan. 💼💰📈 #taxsavings #cashbalance #SECUREAct #profitsharing

Time flies but there still is time to reduce 2023 corporate taxes! Trinity can help you set up a retroactive Profit Sharing and/or Cash Balance Plan. Reach out to discuss!

With this year’s change of government, our Post-Budget Financial Planning Insights webinar is more relevant than ever. Whether you're concerned about the economy, taxes, pensions, or your overall financial plan, this session will be a useful resource for staying informed and making strategic financial decisions. Register your attendance: https://bit.ly/3XUzH2n The webinar will cover: ·        Economic projections shaping the Budget announcements ·        Key tax updates and their direct impact on your finances ·        Potential pension adjustments for your retirement planning ·        Actionable financial planning tips to stay ahead ·        Aligning your goals with the current economic landscape This webinar is designed to give you the clarity and confidence to navigate these changes effectively. The value of your investment can go down as well as up. You could get back less than you invested. The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances. Trowlock Wealth Management LLP is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority). SJP Approved 24/09/2024

Do you know the difference between good and great tax planning? Put simply it’s… Having foresight. Specifically, 90 days of foresight. Please remember: December 31st isn't a deadline. It's your last chance at tax optimization. Smart business owners are making the following moves right now: #1 - Revenue Timing → Hold off billing till January → Delay December invoicing → Push payments to next year #2 - Strategic Expenses → Process bonuses early → Pay an extra month of rent → Run additional payroll now #3 - Retirement Planning → Set up accounts before year-end → Get retirement plans in place → Review contribution options So here’s a critical reminder... Don't wait until December 28th. Bank processing times don't care about your tax deadline. The most expensive mistake in tax planning? Thinking there's always next week.

With this year’s change of government, our Post-Budget Financial Planning Insights webinar is more relevant than ever.  Whether you're concerned about the economy, taxes, pensions, or your overall financial plan, this session will be a useful resource for staying informed and making strategic financial decisions.  Register your attendance: https://bit.ly/3XUzH2n The webinar will cover:  • Economic projections shaping the Budget announcements  • Key tax updates and their direct impact on your finances  • Potential pension adjustments for your retirement planning  • Actionable financial planning tips to stay ahead  • Aligning your goals with the current economic landscape This webinar is designed to give you the clarity and confidence to navigate these changes effectively.  The value of your investment can go down as well as up. You could get back less than you invested.  The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances. Trowlock Wealth Management LLP is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).  SJP Approved 24/09/2024

With this year’s change of government, our Post-Budget Financial Planning Insights webinar is more relevant than ever. Whether you're concerned about the economy, taxes, pensions, or your overall financial plan, this session will be a useful resource for staying informed and making strategic financial decisions. Register your attendance: https://bit.ly/3XUzH2n The webinar will cover: ·        Economic projections shaping the Budget announcements ·        Key tax updates and their direct impact on your finances ·        Potential pension adjustments for your retirement planning ·        Actionable financial planning tips to stay ahead ·        Aligning your goals with the current economic landscape. This webinar is designed to give you the clarity and confidence to navigate these changes effectively. The value of your investment can go down as well as up. You could get back less than you invested. The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances. Trowlock Wealth Management LLP is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority). SJP Approved 24/09/2024

With this year’s change of government, our Post-Budget Financial Planning Insights webinar is more relevant than ever. Whether you're concerned about the economy, taxes, pensions, or your overall financial plan, this session will be a useful resource for staying informed and making strategic financial decisions. Register your attendance: https://bit.ly/3XUzH2n The webinar will cover: ·       Economic projections shaping the Budget announcements ·       Key tax updates and their direct impact on your finances ·       Potential pension adjustments for your retirement planning ·       Actionable financial planning tips to stay ahead ·       Aligning your goals with the current economic landscape This webinar is designed to give you the clarity and confidence to navigate these changes effectively. The value of your investment can go down as well as up. You could get back less than you invested. The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances. Trowlock Wealth Management LLP is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority). SJP Approved 24/09/2024

🌟 Why Your Financial Advisor Should See Your Tax Return 🌟 Did you know sharing your tax return with your financial advisor can significantly impact your financial planning? Here’s why: Personalized Advice: Your tax return offers a comprehensive view of your financial situation, allowing your advisor to tailor strategies that fit your unique needs. Maximizing Deductions: Advisors can spot missed opportunities for deductions and credits, ensuring you’re taking full advantage of the tax benefits available to you. Investment Strategies: By understanding your tax situation, your advisor can recommend investments that align with your tax bracket and goals, potentially increasing your after-tax returns. Retirement Planning: Tax-efficient retirement planning can make a big difference in your long-term savings. Your advisor can help you choose the best accounts and strategies to minimize taxes in retirement. Comprehensive Financial Picture: A complete view of your finances, including your tax return, helps your advisor provide holistic advice that covers all aspects of your financial life. 🔑 Key Takeaway: Don’t overlook the importance of sharing your tax return with your financial advisor. It’s a crucial step toward a more effective and personalized financial plan. If you have questions or need guidance, I'm here to help! Let’s work together to optimize your financial future. 💼💡 #FinancialPlanning #Financial Freedom #TaxReturn #FinancialAdvisor #WealthManagement FOLLOW For more common sense financial advice!👉

Following the Autumn Budget that was announced yesterday, we invite you to join financial experts from St. James’s Place on a live webinar on Friday 1st November at 12.30pm. This important webinar will unpack what’s changed for you and your financial plan as a result of the Budget. Register here >> https://buff.ly/4fpDR8C It will cover: - Economic projections shaping the Budget announcements - Key tax updates and their direct impact on your finances - Necessary pension adjustments for your retirement planning - Actionable financial planning tips to stay ahead - Aligning your goals with the current economic landscape Don’t miss this important opportunity to gain valuable insights and its potential impact on your financial wellbeing.

With this year’s change of government, our Post-Budget Financial Planning Insights webinar is more relevant than ever. Whether you're concerned about the economy, taxes, pensions, or your overall financial plan, this session will be a useful resource for staying informed and making strategic financial decisions. Register your attendance: https://bit.ly/3XUzH2n The webinar will cover: ·        Economic projections shaping the Budget announcements ·        Key tax updates and their direct impact on your finances ·        Potential pension adjustments for your retirement planning ·        Actionable financial planning tips to stay ahead ·        Aligning your goals with the current economic landscape This webinar is designed to give you the clarity and confidence to navigate these changes effectively. The value of your investment can go down as well as up. You could get back less than you invested. The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances. Trowlock Wealth Management LLP is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority). SJP Approved 24/09/2024