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Do you have to pay taxes on employee bonuses?

While bonuses are subject to income taxes, they don’t simply get added to your income and taxed at your top marginal tax rate. Instead, your bonus counts ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Do corporations own real estate?

A corporation is able to hold property in its own name and provide its shareholders with limited liability so long as the shareholders do not commingle fu...

Can I remortgage my unencumbered property?

As your property is mortgage-free, a true ‘remortgage’ is not actually possible. That said, the processes are the same for unencumbered properties. This i...

Will an annuity reduce my Social Security?

Social Security does not count pension payments, annuities, or the interest or dividends from your savings and investments as earnings. These payments do ...

How do I redeem my ELSS after 3 years?

Lump Sum ELSS Investment According to the ELSS lock-in period of 3 years, you cannot redeem your units upto three years, i.e. until 1st December 2023. You...

Can you negotiate defaulted student loans?

You may be able to settle federal or private student loans for less than you owe if they’re in default and you can’t repay them. Student loan settlement i...

Where is the best place to transfer my IRA?

Overview: Top online brokers for a 401(k) rollover in August 2021 TD Ameritrade. TD Ameritrade is a great broker if you’re an active trader and looking fo...

What is the profit on sale of property?

If you have brought a property for Rs.35 lakh and sold it after a certain period for Rs.105 lakh, your profit is Rs.70 lakh. But that profit is not the ca...

Is it possible to get an unsecured business loan?

An unsecured business loan or line of credit is issued and supported by the owner’s creditworthiness, rather than by any form of collateral. For this type...

What taxes do you pay if you live in PA and work in NJ?

Compensation paid to Pennsylvania residents employed in New Jersey is not subject to New Jersey Income Tax under the terms of the Reciprocal Personal Inco...