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What does a corporation tax return include?

The corporation tax return normally covers a 12-month corporation tax accounting period that matches your company’s 12-month financial year. Each company ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you identify Deferred income?

Since deferred revenues are not considered revenue until they are earned, they are not reported on the income statement. Instead they are reported on the ...

Is Anthem Blue Cross PPO the same as Blue Cross PPO?

In California Anthem Blue Cross is the trade name of Blue Cross of California. Anthem insures more PPO members in California than any other insurance comp...

What is a tax amnesty?

In short, tax amnesty means a limited-time opportunity for taxpayers to pay the principal tax debt in exchange for the forgiveness of interest and penalti...

What is the difference between taxation and accounting?

There are a few differences between accounting and taxation. Accounting is a discipline that focuses on the analysis of a company’s finances as a whole, w...

How much can you sell on eBay before reporting to IRS?

If you make more than $20,000 in gross sales and have 200 or more transactions on eBay, you should receive a 1099-K form reporting this income to the IRS....

What should an independent contractor form a LLC?

Most independent contractors are sole proprietors who personally own their business and its assets. But an increasing number of independent contractors ar...

Is CP12 notice bad?

The IRS will send you a CP12 notice if it catches a miscalculation on your tax return. The CP12 notice is actually good news because it means you are gett...

Why does Experian want me to lock my credit file?

A credit lock allows you to easily lock your Credit File, helping to protect you against identity theft and unwanted credit activity. If someone attempts ...

How much do virtual bookkeepers charge?

Average Freelance Bookkeeper Hourly Rates State Average Hourly Rate California $19.93 per hour Texas $17.72 per hour Illinois $16.77 per hour Florida $15....