The Daily Horizon

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How many businesses fail in the first five years?

It is said that up to 50% of businesses fail within five years of inception. Most of these business start and end in obscurity. A few of them, however, st...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Will running a business from home affect my mortgage?

Residential mortgages often prohibit using your home to run a business, so if you have a mortgage, you should check your terms. You may also need planning...

What does it mean when a stock is gone?

When a stock tumbles and an investor loses money, the money doesn’t get redistributed to someone else. Essentially, it has disappeared into thin air, refl...

Is selling your business a CGT event?

The most common way to make a capital gain or loss is by selling an asset. This is called a CGT event. Examples of CGT events are when you: sell or give a...

How do partnerships divide net income?

You can decide to pay each partner a base salary and then split any remaining profits equally, or assign a percentage based on the time and resources each...

Do co-trustees have to work together?

In addition, co-trustees must generally act cooperatively with each other, unless the trust explicitly grants certain duties to a single trustee. This mea...

What can I do if my ex stops paying alimony?

You’ll need to file a motion (legal paperwork) with the court, and ask a judge to order your spouse to make the overdue payments and keep up with future p...

How much does voluntary surrender hurt credit?

A voluntary repossession will likely cause your credit score to drop by at least 100 points. This point drop is due to a couple of factors: the late payme...

Is a capital lease an operating asset?

The capital lease requires a renter to book assets and liabilities associated with the lease if the rental contract meets specific requirements. In essenc...

How many years must you be married to collect spouse Social Security?

How long does someone have to be married to collect Social Security spouse benefits? En español | To receive a spouse benefit, you generally must have bee...