Are election campaign donations tax deductible?
No. If you are donating time or effort to a political campaign, political candidate, political action committee (PAC), or any group that seeks to influenc...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
Do you say thank you for your time or consideration?
“Thank you for your time” or “thank you for your time and consideration” are common choices. Both are acceptable, but they’re also a bit boring. Most like...
Read More →What happens if your house is paid off?
Once you pay off your mortgage, you’ll find yourself with some extra cash on hand. Some ways to purpose this might include repaying any high-interest debt...
Read More →What companies have convertible debt?
High-growth companies like semiconductor Microchip Technology (MCHP), payments company Square (SQ), and telehealth provider Teladoc Health (TDOC) have iss...
Read More →Can you set up a testamentary trust after death?
The answer is yes, but they are inferior on every test. So, don’t rely on them. Do a testamentary trust upfront in the will. These types of testamentary t...
Read More →Are defined benefit plans invested?
A defined benefit plan is a qualified employer-sponsored retirement plan. This means they are qualified to receive certain tax benefits under the law, lik...
Read More →Should you exercise NSOs?
NSOs do not qualify for special tax treatments like incentive stock options, but they also have less restrictive provisions under the tax law. In the year...
Read More →What is it called when companies combine?
A merger is the voluntary fusion of two companies on broadly equal terms into one new legal entity. Mergers are most commonly done to gain market share, r...
Read More →How much does it cost to have financials audited?
With the costs of having audited financial statements ranging from $20,000 to $50,000 annually depending on the complexity of your company, it’s a serious...
Read More →What can volunteers do for a nonprofit?
Volunteers often help keep the doors open and enable nonprofits to deliver vital programs and services. They lend their expertise on the board of director...
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