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How to set up a s Corp in California?

The easiest way to go about setting up your S corp in California is to have a tax professional do it for you. Click the link to see how David York’s Tax S...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What should I do with my 401k after I leave my job?

1. Keep your 401 (k) with your former employer Most companies—but not all—allow you to keep your retirement savings in their plans after you leave. Your m...

What does it mean when a company sells off shares?

A sell-off occurs when a large volume of securities are sold in a short period of time, causing the price of a security to fall in rapid succession. As mo...

Is uninsured motorist coverage really necessary?

If you can afford full coverage insurance, uninsured and underinsured motorist coverage is generally worth it. In most cases, UM/UIM coverage costs much l...

Is FDIC by account or bank?

FDIC insurance covers depositors’ accounts at each insured bank, dollar-for-dollar, including principal and any accrued interest through the date of the i...

What is a 401k in basic terms?

A 401(k) Plan is a defined-contribution retirement account that allows employees to save a portion of their salary in a tax-advantaged manner. The money e...

Which state is cheapest to incorporate in?

What Is the Cheapest State to Incorporate? Delaware remains one of the more affordable states in which to form an LLC (14th lowest filing fee of 50 states...

Do you have to register a small business in Illinois?

Illinois Department Of Revenue (IDOR) In Illinois, most business are required to be registered and/or licensed by the IDOR. If you plan to hire employees,...

Can I have both DBA and LLC?

As a legal entity, an LLC has its own obligations and rights separate from its members, while a DBA does not have these rights. Whoever uses a “doing busi...

What happens if you pull money out of an IRA early?

If you withdraw Roth IRA earnings before age 59½, a 10% penalty usually applies. Withdrawals before age 59½ from a traditional IRA trigger a 10% penalty t...