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Can you add a partner to an S Corp?

Re: How Do I Bring in a New Partner into an Existing S Corp It has shareholders. In order to add a shareholder to the corporation either an existing share...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can someone on a work visa get health insurance?

International workers must have working visa health cover because you cannot access our public health system, so you need private health insurance to pay ...

Do you have to file taxes on your LLC with no income?

No matter your LLC tax classification, operating at a loss or with no income doesn’t preclude you from filing your tax return. It’s important — and the la...

What is a good reason to have a 401k?

One of the most powerful advantages of participating in a 401(k) is the money you save in taxes. Your 401(k) contributions are taken out of your paycheck ...

When to sell membership interest in LLC form?

Sale of the membership interest in LLC form may take place for several different reasons. Perhaps a member simply decides they want out, or the owner’s si...

What is the best return on a Roth IRA?

That said, Roth IRA accounts have historically delivered between 7% and 10% average annual returns. Let’s say you open a Roth IRA and contribute the maxim...

What are the main points of the Affordable Care Act?

The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and smal...

How do I open old Quicken files?

Instructions Choose File menu > Open Quicken File. Note: Quicken displays the folder containing the current data file (the Quicken folder by default). ...

Is there a way to request a duplicate W-2?

Employees are responsible for reporting their wages and income tax withholdings on their federal and state income tax returns, and W-2 forms provide this ...

Does MACRS ignore salvage value?

When using MACRS, an asset does not have any salvage value. This is because the asset is always depreciated down to zero as the sum of the depreciation ra...