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What is the maximum IRA contribution for 2014?

$5,500 The maximum amount you can contribute to a traditional IRA or Roth IRA in 2014 remains unchanged at $5,500 (or 100% of your earned income, if less)...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can an employee also be an independent contractor for the same company?

According to IRS guidelines, it is possible to have a W-2 employee who also performs work as a 1099 independent contractor so long as the individual is pe...

What is the self-employment tax rate for 2016?

15.3% Self-employment tax is a 15.3% tax that individuals must pay on their income unless an employer already withheld tax from it. The most common way to...

Do you need a business license to sell in NC?

Who needs a North Carolina business license? Any business that sells certain taxable goods or services needs a seller’s permit, known in North Carolina as...

What factors should a bank consider when providing a short term loan?

Factors to Consider Before Getting a Short Term Loan Type of Loan. Generally, there are two types of loans. The rate of Interest. Before applying for a sh...

Why Did my credit score drop when I refinanced my home?

Whenever you refinance a loan, your credit score will decline temporarily, not only because of the hard inquiry on your credit report, but also because yo...

How do I claim old stock certificates?

How Do I Cash an Old Stock Certificate? Locate the Company. The first step is making sure the company is still in business. Find the CUSIP Number. Contact...

How long does a company have to fund 401k contributions?

The plan expressly provides that the employer must deposit deferrals within five days after each payday. Can my company contribute to my 401k? The short a...

Is transferring an annuity a taxable event?

It is a non-taxable event. Even though any money coming out of an IRA will be taxed as ordinary income levels, transferring an annuity from one IRA to ano...

Is 401k deadline extended?

401(K): Deadline For Returning 2020 Excess Deferrals Remains April 15, 2021. On April 8, 2021, the IRS announced on the “Employee Plan News” section of it...