Four key DAF mid-year planning points for #DonorAdvisedFunds

🔒 Review and Adjust Your Financial Strategies with Deferred Compensation 🔒 As the year wraps up, it's crucial to review whether your deferred compensation strategy aligns well with your current and future financial needs. Are you making the most of your executive benefits? Our latest blog provides essential insights on managing your deferred compensation effectively, focusing on strategies that could help you manage current tax implications and prepare for future financial stability. Explore how deferred compensation can be part of a robust financial planning process. Visit our blog to gain valuable insights and guidance. 🔗https://lnkd.in/eags6w2N Executives, how are you adjusting your financial planning to meet your needs in the coming year? Share your strategies and let’s discuss the path to financial well-being! #FinancialPlanning #DeferredCompensation #TaxManagement #ManhattanRidgeAdvisors

𝘈𝘴 2024 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩𝘦𝘴 𝘪𝘵𝘴 𝘧𝘪𝘯𝘢𝘭 𝘲𝘶𝘢𝘳𝘵𝘦𝘳, 𝘪𝘵'𝘴 𝘢 𝘨𝘳𝘦𝘢𝘵 𝘵𝘪𝘮𝘦 𝘵𝘰 𝘦𝘯𝘴𝘶𝘳𝘦 𝘺𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘪𝘴 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘦𝘥 𝘧𝘰𝘳 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘴𝘮𝘢𝘳𝘵 𝘵𝘢𝘹 𝘱𝘭𝘢𝘯𝘯𝘪𝘯𝘨. Reviewing your 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐬, 𝐦𝐚𝐱𝐢𝐦𝐢𝐳𝐢𝐧𝐠 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬, and 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐚𝐱 𝐜𝐫𝐞𝐝𝐢𝐭𝐬 can lead to significant savings. Take steps like prepaying expenses, leveraging depreciation, and considering charitable contributions. Consulting with a tax professional VPTax, Inc. can help you stay compliant and prepare for the year ahead. 𝐌𝐚𝐤𝐞 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐨𝐟 𝐐4 𝐭𝐨 𝐬𝐞𝐭 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐮𝐩 𝐟𝐨𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐮𝐜𝐜𝐞𝐬𝐬🎉

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/biSJ50Sx7OM #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/5oMB50Sx2Xi #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/jMbR50Sxchq #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/eNGQ50SxLex #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/OXZv50Sxwx9 #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/1H2h50SxUBT #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/iPGt50Sxbmw #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits

📢 Attention manufacturers and distributors: If you haven’t started preparing for your 2025 tax filing, you’re already behind the curve. Early tax planning is essential to maximize deductions and stay compliant with current regulations. Here are a few areas for privately-held M&D companies to explore during tax planning season: 📌 Prepare for R&D Expenditure Amortization: With the new requirement to amortize R&D expenditures over five or fifteen years (depending on type of expense), you’ll need to reassess your income projections and tax payments to ensure proper planning. Reviewing state nexus activities and FDIC protection is also crucial to maintain compliance and safeguard assets. 📌 Leverage Depreciation and Retirement Plan Benefits: Capitalize on the 60% federal bonus depreciation for 2024 by investing in new equipment and facilities before year-end and adopt qualified retirement plans under the SECURE 2.0 Act to benefit both your company and employees. 📌 Optimize Charitable Contributions and Estate Planning: Evaluate charitable contributions and consider making qualified charitable distributions from IRAs if over age 70.5. Updating estate plans before the potential reduction in the lifetime exemption in 2026 is also essential to take full advantage of gifting opportunities. Don’t leave money on the table this year! Use our Mid-Year Tax Planning Checklist to ensure you’re investing in the right areas of your business now to increase your return next year. https://ow.ly/Mrz550SxalE #Manufacturing #TaxPlanning #ResearchAndDevelopment #TaxCredits