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What is considered a satellite office?

A satellite office is a branch of a larger company that is physically separate from the organization’s main office. Satellite offices can range dramatical...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do I reactivate my LLC in California?

Reinstating a California LLC requires filing a Statement of Information (Form LLC-12) with the California Secretary of State. Reinstatement with the Franc...

Do donations reduce net income?

Donations can be carried forward for up to five years. Generally, a corporation can claim a deduction for charitable donations up to 75% of the corporatio...

What happens to your taxes if your spouse passes away?

If a spouse passes away while still owing back taxes, the surviving spouse must pay the IRS both those back taxes and any current taxes owed. In the year ...

How is CETV of pension calculated?

The CETV is calculated by working out the lump sum that will be required to provide an equivalent pension to the scheme pension at your retirement age. Th...

How do S Corp deductions work?

In general, S corporation losses are always deductible against shareholders’ individual taxable incomes. Ordinary business expenses such as rent, taxes, a...

Is a variable annuity a brokerage account?

A variable annuity is a contract between you and an insurance company. It serves as an investment account that may grow on a tax-deferred basis and includ...

How much does it cost to start a mobile nail salon?

The startup capital for a mobile nail salon business might fall between $5,000 and $10,000, while that of a medium or large scale salon would definitely b...

Is having 2 savings accounts worth it?

Having multiple savings accounts for each of your savings goals is a good idea regardless of current interest rates, Kulak says. Can I have multiple bank ...

What does in 100 words mean?

Answer: 100 words is 0.2 pages single-spaced or 0.4 pages double-spaced. Documents that typically contain 100 words are short memos, blog posts, or market...