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Does the partnership business need to lodge a partnership tax return each financial year?

A partnership is not a taxable entity but it must lodge a tax return at the end of each income year. Partners are taxed on their share of the profits of t...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is an international student a non resident alien?

In general, students in F or J status are considered nonresident aliens for tax purposes for the first five calendar years of their stay in the US. Schola...

Can I request a receipt from credit card?

If you suspect a charge has been incorrectly billed to your credit card or you need to request a copy of a sales draft for your records, you can contact y...

What are Diamond resort points worth?

Diamond Resort Credit Card points are worth 0.75 cents each, on average. That means 10,000 Diamond Resort Credit Card points have a value of roughly $75. ...

Can a house be sold as is in California?

Since California properties are sold “as is,” owners can fortify their positions by offering home warranties on the systems and appliances for a period of...

What are the stages of a civil suit?

Civil lawsuits generally proceed through distinct steps: pleadings, discovery, trial, and possibly an appeal. However, parties can halt this process by vo...

How do you deal with in laws moving in?

Either way, you should be intelligent enough to know how to deal with in laws living with you and not causing your mental health any disruption. 8 Ways to...

Can I file married if I got divorced?

Filing status It’s the year when your divorce decree becomes final that you lose the option to file as married joint or married separate. In other words, ...

How does a s-Corp work for a farmer?

S-Corp – which sets the farmer up as an employee of the corporation as well as a shareholder. Earnings from the corporation are returned to the shareholde...

What was the answer to the last question?

Eventually AC discovers the answer – that the reversal of entropy is, in fact, possible – but has nobody to report it to, since the universe is already de...