Nicolas J. McLeod Wealth Preservation Strategies’ Post

Many investors have seen significant gains this year, making it a great time to revisit charitable giving. By donating appreciated securities directly to a charity, you can avoid capital gains taxes and potentially earn a tax deduction. This strategy is just one of many covered in our recent Charitable Webinar. Families Together is here to help with your charitable planning—contact us if you'd like to discuss how to make the most of your gift. Check out the full webinar here! https://buff.ly/4fxzoB8 #TogetherFT #EveryFamilyDeservesAHome #FamiliesTogether

Form 10BD & Form 10BE for Charitable Donations   Charitable organizations must file Form 10BD by 31st May, 2024, a statement of donations, and then issue Form 10BE to donors. Form 10BE is essential for donors to claim tax deductions under Section 80G or Section 35 of the Income Tax Act, 1961. Issuing Form 10BE of the assessment year following the donation year ensures compliance and avoids penalties. This mandatory requirement replaces the traditional donation receipts.   #Form10BD #Charity #Donations #IncomeTax #Compliance #MSA #MSAssociates #Form10BE #TaxDeduction

Donor-Advised Funds (DAFs) have risen in popularity as a tool for giving and helping people become wiser stewards of their resources. Ministries are embracing DAFs to grow their donations and maximize their impact. Learn more about the rise of DAFs and other charitable tools in our State of Giving report 🔗 https://lnkd.in/dnGH_Gqg #DAFs #ChartiableGiving #Stewardship

3 questions to ask as you begin your charitable giving journey: 🔹Which ministries/causes are important to me? 🔹How will my contributions make an impact? 🔹What are my long-term charitable goals?

How to better leverage DAFs (Donor-Advised Funds) for your church or ministry? This insightful interview from David Wills, President Emeritus at National Christian Foundation, is merely an excerpt from a longer webinar, where David offers many practical tips, plus Richard von Gnechten, CFO-COO of Waterstone offers further insight. The entire hour-long webinar "State of Giving and Financial Outlook" also features Jake Lapp and is available for free access at ECFA.org/webinarsondemand. Don't miss these insights from Evangelical Council for Financial Accountability (ECFA) on how your church or ministry can better partner DAFs and other tools that can increase giving.

3 questions to ask as you begin your charitable giving journey: 🔹Which ministries/causes are important to me? 🔹How will my contributions make an impact? 🔹What are my long-term charitable goals?

3 questions to ask as you begin your charitable giving journey: 🔹Which ministries/causes are important to me? 🔹How will my contributions make an impact? 🔹What are my long-term charitable goals?

🌟Did you know that individuals aged 70½ or older can make tax-free charitable donations directly from their IRAs? This powerful strategy, known as Qualified Charitable Distributions (QCDs), allows you to support the causes you care about while minimizing your tax burden. Learn how you can make a difference and optimize your financial strategy by reading our latest article! 💼❤️ #CharitableGiving #IRAs #TaxStrategy #Philanthropy #FinancialWellness https://lnkd.in/gqtpjZtj

Incorporating charitable giving into your estate plan can provide tax benefits and support causes you care about. There are various ways to give, including outright gifts, charitable trusts, or bequests in your will. Charitable giving can reduce your estate's taxable value and provide a lasting legacy. By planning your charitable contributions, you can make a meaningful impact while also benefiting from potential tax reliefs. 📞 Explore charitable giving options with Blackpark: www.blackpark.uk #CharitableGiving #EstatePlanning #IHT #BlackparkAdvisors

A QCD is when individuals reach a certain age they can donate money directly from their IRA to a qualified charity, which counts towards their RMD and is not taxed as income. It's a tax-efficient way to support charitable causes while fulfilling RMD obligations. Learn more by visiting our website and reaching out to an expert. #finance #FinancialPlanning #financetips