Horizon Planning Tax & Bookkeeping Services

Losses at Bill Hwang's Archegos Capital Management following margin calls left Wall Street in shock at the end of March. Here's what happened.

Stock options are incentives provided to key employees to help grow the value of the employer's stock. When stock options are exercised, non-statutory option gains are treated as wages, while the gain from stock acquired by the exercise of statutory (incentive) options is deferred until the stock is sold, at which time the gain is treated as a capital gain if the shares are held for a required period of time.

The Small Business Administration (SBA) is expanding the COVID-19 Economic Injury Disaster Loan (EIDL) program, giving nonprofits and small businesses the ability to borrow up to $500,000 for up to 24 months.

Spring is proof that change can be beautiful. What is something that you love about springtime ? .... . . . . . . #taxprep #taxtime #taxprofessionals #flowerlove #springblooms #tulips #orangeflowers #sandiego #horizonplanning #enjoythelittlemoments See more

Many people are renting out their homes or vacation homes and are not aware of some special rules that apply to short-term rentals. Some of these rules can be beneficial, while others can be very detrimental.

Midweek Wednesday Wisdom from Horizon Planning

To cope with inflation, the tax code requires the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers each year, which they recently released for 2021.

Horizon Planning - Some Monday Motivation for our friends and colleagues.

For those who love learning: here's a tax fact from Horizon Planning.

A frequent question is whether inherited assets are taxable. Generally, they are not until they are sold, and then only to the extent that the sales price exceeds the fair market value of the asset at the time of the decedent's death. There are exceptions to this rule, such as traditional IRAs and other deferred untaxed income of the decedent.

It matters how you get there. Wednesday Wisdom from Horizon Planning

An individual must have compensation in order to contribute to an IRA, unless the individual is a non-working or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse.

Make your Monday great with this motivation from Horizon Planning

First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it?

Horizon Planning - Some Friday tax knowledge for our friends and colleagues.

Operating a SMB is hard work - and it's vital to know the financial health of your business at any time. Whether you're assembling your financial reports yourself or have hired professional help (like us), here are 12 metrics that can help you monitor your success.

To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 has given rise to more than the usual tax-planning opportunities. Thus, you may find it appropriate to schedule a tax-planning appointment well before the close of the year to take advantage of the tax benefits and strategies available for 2020.