Donor Advised Funds can be a tax-beneficial vehicle for charitable contributions. A Donor Advised Fund (DAF) is a fund, usually managed by an investment company, that allows you to donate your charitable funds at a time that is most advantageous for your tax situation, while retaining the ability to recommend when the funds should be disbursed to your chosen charities. It is different from a private foundation because you do not have to deal with the management or reporting obligations of the organization.

As a small business owner, you may be required to file quarterly estimated taxes if your tax liability exceeds a certain threshold and you don’t have sufficient withholding from another source (such as a W-2 job) to offset that liability. Let’s talk about how to know whether you owe quarterly taxes and how to estimate them.