How much of my pension does my ex wife get?
A general rule of thumb when it comes to splitting pensions in divorce is that a spouse will receive half of what was earned during the marriage, though i...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
Are franchise tax payments deductible?
‘Generally the annual fees payable in respect of a franchise agreement will be an allowable revenue expense. The initial payment however, together with an...
Read More →How is target cost determined?
Target Costing. Target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes ref...
Read More →What is Rule 144 restricted?
Rule 144 is the most common exemption that allows the resale of unregistered securities in the public stock market, which is otherwise illegal in the U.S....
Read More →Can you transfer ownership of a house to a family member?
Transfers are usually done via gifting, through a lawyer, but it’s also possible to sell a property to a family member. If a property is jointly owned, a ...
Read More →What happens when a Brit marries an American?
A U.S. citizen marrying a foreign national does not lose U.S. citizenship, nor does he/she automatically acquire U.K. citizenship if marrying a U.K. citiz...
Read More →When married filing separately do you split deductions?
Answer: When spouses file separately, both must use the same method of claiming deductions. That is, either both parties must itemize, or both parties mus...
Read More →How to file taxes for the year 2006?
In order to file IRS Tax Returns for a previous Tax Year (2006-2004), download, complete, print and sign the IRS Tax Forms for the appropriate Tax Year be...
Read More →Do employees on work visas pay taxes?
Immigrants, or foreigners who have the right to stay permanently in the U.S., pay the same taxes as American citizens. If you employ immigrants staying in...
Read More →What percentage of gross sales should be profit?
You may be asking yourself, “what is a good profit margin?” A good margin will vary considerably by industry, but as a general rule of thumb, a 10% net pr...
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