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What is the C Corp tax rate for 2020?

21% As of 2020, small business tax rates for C corporations is 21% but S corporations and sole proprietors are not taxed at the corporate level and are su...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Which site is best for second hand cars?

Compare Providers Best Used Car Sites Site Why We Picked It Notable Features Autotrader Best Overall Most listings plus finance and insurance tools CarsDi...

How much should a 60 year old have in a 401k?

The above average 60 year old should have over $2,000,000 in their 401k if they’ve been diligently saving and investing. The 401k is one of the most woefu...

What if my business made no money?

If your net business income was zero or less, you may not need to pay taxes. The IRS may still require you to file a return, however. Even when your busin...

Is it better to do credit repair or bankruptcy?

Filing Bankruptcy You should not use bankruptcy as a credit repair tactic. Bankruptcy will not improve your credit and in some cases, your credit can get ...

Where to find single member limited liability company?

If the single-member LLC is owned by a corporation or partnership, the LLC should be reflected on its owner’s federal tax return as a division of the corp...

What kind of tax is an inheritance tax?

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died. Do you have to pay federal inheritance tax? The state ...

Can life insurance beneficiary be a parent?

I’m a single parent You can name a child as a beneficiary, but you should be aware that life insurance companies cannot pay out a policy to a minor. This ...

How do I deal with a difficult son?

If problem behaviour is causing you or your child distress, or upsetting the rest of the family, it’s important to deal with it. Do what feels right. Do n...

Can I drop ship CBD products?

It is legal to dropship CBD in the USA and EU, but not in Canada or Australia. Is dropshipping CBD profitable? CBD Dropshipping Benefits When an industry ...