McDaniel Wealth Management PLLC

Navigating the tax landscape can be challenging, but staying informed is crucial. Here’s a quick roundup of recent changes that could impact you: ? ERC Payback Program: The IRS now offers a chance to repay 85% of your 2021 ERC claims and keep 15% tax-free. Make sure to apply by Nov 22, 2024. ? Independent Contractor Rules: The Dept. of Labor is tightening regulations on classifying independent contractors. ? Estate Tax Changes: A Supreme Court decision could affect life insurance in buy-sell agreements, potentially impacting your estate tax. ? Deducting Club Dues: Dues for civic and public service organizations might be deductible. ?? Get all the details on our blog- https://lnkd.in/eABZ9AWq

Life have you curious? This month reminds us that it may be time to talk to your financial professional about life insurance. Whether you need to update your policy or find a new one, take this opportunity to learn more about life. Several factors affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.

Join us in wishing Christy Wilson a very happy birthday! ?? Wishing you a day filled with happiness, fun, and everything you love. Enjoy every moment!

September Market Update ?? In this month’s market update video, Ivan Gruhl, CFA?, Co-Chief Investment Officer at Avantax, reviews August's returns and shares valuable insights into the Federal Reserve, the current economic landscape, and our outlook for the markets moving forward. https://lnkd.in/ey9bJgq8

Much time has passed since September 11, 2001, & while in some ways it feels like a lifetime ago, the memory remains painfully fresh. This Patriot Day, let us remember the precious lives that were lost that fateful day. 9/11 is a wound that may never fully heal, but those wounds, though deep, make us stronger.

As a friendly reminder, estimated tax payments are due September 16. ?? Read more- https://lnkd.in/eMJ7_HKC

This week, we honor the incredible role assisted living communities play in enriching the lives of our seniors and individuals with disabilities. These dedicated spaces provide not just care, but also companionship and a sense of community that is invaluable. We understand the importance of planning for the future and ensuring that our loved ones receive the care they deserve. If you need assistance with planning for long-term care or have questions about wealth management strategies for this stage of life, we’re here to help.

Happy 6th Work Anniversary, Carolann! ?? We’re thrilled to celebrate six fantastic years with you. We’re grateful to have you on our team and look forward to what the future holds!

Howdy from Ft. Worth! Tim, Josiah, Christy & Carolann just wrapped up an inspiring week at the Avantax Connect for Growth 2024 conference! They connected with other industry professionals and educational partners and are excited to bring back innovative ideas that will enhance our client experience. #giddyup4growth

From our dogs to yours, Happy National Dog Day! ??