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Does Child Support consider both parents income?

For the purposes of calculating child support, each parent has a Child Support Income. It is your taxable income minus the Self-Support Amount minus the c...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Do investors get taxed?

Normally, investment income includes interest and dividends. The income you receive from interest and unqualified dividends are generally taxed at your or...

What is the average return of SPY ETF?

The SPDR S&P 500 ETF Trust (SPY) has generated an average three-year return of 13.25% through December 2020. Based on trailing 10-year data, the fund ...

Is Roth IRA Transfers bad?

Money in a Roth IRA must be transferred into another Roth IRA, not any other type of account. Buying or selling securities in the account during the trans...

What Questions would you Ask the management team at the company before making a final decision about investing in it?

What Is the Best Use for the Cash on the Company’s Balance Sheet? How Does the Company Plan to Raise Capital in Order to Fund Future Growth? Who Are the E...

Is there a comma between thank you and a name?

If you are telling someone “thank you” directly, you always need a comma after “thank you.” This is the most common way of using the phrase, so in most ca...

What is Section 37C?

Section 37C of the Pension Funds Act 24 of 1956 (“the Act”) regulates the distribution and payment of lump sum benefits payable on the death of a member o...

How do you know when there is substantial authority for a tax return position?

Under IRS rules, the tax treatment of an item has “substantial authority” only if the weight of published cases, rules and other legal and administrative ...

How do companies assign and allocate costs?

The basis for allocating costs may include headcount, revenue, units produced, direct labor hours or dollars, machine hours, activity hours, and square fo...

Can a 50 partner force you to sell?

Buyout provisions allow the partners to decide to sell their ownership interest in the business. In most cases, a partner can force out another partner on...