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Is an LLC a pass-through entity for tax purposes?

An LLC is considered a pass-through entity—also called a flow-through entity—which means it pays taxes through an individual income tax code rather than t...

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do I create a monthly balance sheet in QuickBooks online?

How to generate monthly balance sheet info in Quickbook Online? You can run the Balance sheet report then click Customise on the top left. On the Columns ...

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What is a fair price for dog training?

The average cost of dog training is $30 to $80 per class with most spending about $50 per hour. Dog obedience training schools cost $200 to $600 per week ...

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What credit card starts with 60?

Issuer identification number (IIN) Issuing network IIN ranges Length Diners Club United States & Canada 54 16 Discover Card 6011, 622126–622925, 644, ...

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How do fine art painters make a living?

Make a lot of work. Improve your skills. It may not directly impact your ability to make a living with your art, but it’s still a good thing to pursue as ...

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Can pension be cashed early?

Not until you reach retirement age. Typically that’s 65, though many pension plans allow you to start collecting early retirement benefits as early as age...

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Can you get a lease with a 600 credit score?

Lenders begin to classify applicants in the “subprime” credit tier when their ratings drop below around 620 or 600. So, to sum up, there is no minimum cre...

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How much do mortgage brokers owners make?

How much do mortgage brokers make? Mortgage broker commissions vary depending on the lender, but typically range between 0.5% and 1.2% of your full mortga...

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When to file Form 5471 for a foreign corporation?

FILING IRS FORM 5471 FOR A FOREIGN CORPORATION. If you as a US Citizen own 10% or more of a foreign corporation (a corporation organized outside of the US...

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Do public officials have a fiduciary duty?

Elected Officials Councillors (similar to directors of a corporation) are clearly in a fiduciary relationship with those they serve. To a large extent thi...

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