Woodmont Investment Counsel, LLC

The 2017 Tax Cuts and Jobs Act (TCJA) ushered in significant changes to the Federal tax code. Business and individual tax filers have likely become familiar with many of the TCJA’s changes in recent years. Some of the more notable provisions affecting filers were lower marginal tax rates, an increase in the standard deduction, and limits to deductions for state and local taxes. In the absence of an extension of this legislation, provisions of the TCJA related to the estate exemption are set to expire on December 31, 2025. Given the potential lapse of today’s historically high exemptions, we wanted to explain how this sunset could impact individuals and families planning to pass on significant wealth to their heirs and offer some planning considerations. #estateplanning #financialplanning https://lnkd.in/emiC5sd5

Enacted in 2021, the Corporate Transparency Act (CTA) will require small business owners to report ownership information to the Financial Crimes Enforcement Network (FinCEN). Familiarizing yourself with these changes can mitigate the risks of non-compliance. We encourage you to continue reading to understand if the CTA implications apply to you and your business, as well as the steps you can take to remain compliant. #businessowners #compliance https://lnkd.in/eKXrxY5u

We love publishing our July market commentary.  The timing reminds us that the summer is still young. It also provides an opportunity to celebrate our nation’s independence, honor the sacrifices that have sustained us, and recognize the foundations our framers put in place to “form a more perfect union.” We’ll discuss some of those foundations in this commentary. This seems fitting at a time when so many clients of all political persuasions cite politics as investment risk factor number one. #investmentmanagement #wealthmanagement #marketcommentary https://lnkd.in/eDNgZRbb

Woodmont is grateful for the opportunity to sponsor the 123rd Spring Outing and Luncheon on the Lawn at Andrew Jackson's Hermitage. We enjoyed great food, company, and keynote speaker Geraldine Brooks, New York Times Best-Selling and Pulitzer-winning author.

Momentum is a powerful thing – in life, sports (just ask March Madness opponents of N.C. State’s men’s and women’s teams), and the financial markets. Fortunately for investors, the stock market momentum from last year’s “magnificent” rebound and fourth quarter rally carried into the first quarter. Quite frankly, with the S&P 500 posting its best quarter since 2019, and one of the best in 20 years, the extent of the rally shocked even the most bullish market prognosticators.  #marketcommentary #investmentmanagement #financialplanning https://lnkd.in/gfZGP2e8

We are excited to announce that Nicole Hughes, CPA, CFP®, and Brian Kopinski, CFA, CIPM, have been named principals. Their commitment, dedication, and kindness are unmatched. We appreciate what you do for both our clients and our firm. #wealthmanagement #principals https://lnkd.in/exVhkMwb

Woodmont was honored to be a continued sponsor of the Kids' Fun Run for the Colon Cancer Coalition. Our team enjoyed participating in the 'Strollin for the Colon' walk for a beautiful cause.

Woodmont was a proud sponsor of Leadership Middle Tennessee, Inc.'s two-day session in Davidson County! Our own Lindsay Youngbauer, CFP®, CIMA®, RICP® is a participant in the current class 2024. The class explored how governments work at a regional level to address issues through collaboration and public policy. The session also looked at the significant issues facing Davidson County, the efforts underway to address them, and how those efforts can inform leaders across the region.

Yesterday we issued our January 2024 Market Commentary, A "Magnificent" Rebound. We hope you find insightful, and Happy New Year! https://lnkd.in/d9W5qqpn