The Daily Horizon

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Do you attach k1 to 1120S?

After filing Form 1120S, each shareholder is provided a Schedule K-1 by the corporation. The K-1 reflects a shareholder’s share of income, deductions, cre...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How long does it take to build a 720 credit score?

It will take about six months of credit activity to establish enough history for a FICO credit score, which is used in 90% of lending decisions. 1 FICO cr...

Is accrued expense an adjustment?

An adjusting entry to accrue expenses is necessary when there are unrecorded expenses and liabilities that apply to a given accounting period. What is the...

Can a company be a sole director?

Yes, however in order to have a company appointed as a director, you will need to also appoint a natural (person) director. A company cannot act alone as ...

Should married couples invest together?

And while we do recommend combining your finances once you’re married, you can’t open a joint 401(k) or Roth IRA like you could with a bank account. Now, ...

What positions should a small business have?

There are six key positions every small business should have fulfilled. General manager. This is the person who oversees the whole business and works on t...

What is a non commercial property?

The classification for ‘non-commercial property’ is property that is domestic (i.e. a house, flat, bungalow etc.) – something that has a residential use –...

How does COBRA insurance work for spouse?

COBRA requires continuation coverage to be offered to covered employees, their spouses, their former spouses, and their dependent children when group heal...

What does it mean if mum left house in trust?

Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor. To use this feature ...

How do you negotiate a VC valuation?

How to Negotiate with an Investor while Dealing with Valuation Make a compelling argument- Sell a GOOD buy. You already know the importance of the exit va...