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How do I close a sole proprietorship LLC?

To close their business account, a sole proprietor needs to send the IRS a letter that includes the complete legal name of their business, the EIN, the bu...

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Knowledge Base

Latest insights and tutorials from the The Daily Insight team.

Can I receive my Medicare premium bill electronically?

Medicare has been improving its paperless billing options, and you can now choose to receive your Medicare Summary Notices and the “Medicare & You” ha...

What goes on line 1 of the w9?

Line 1 – Name: This line should match the name on your income tax return. This the legal name of your as an individual or as a company. Line 2 – Business ...

How should I pay my subcontractors?

The 6 Best Ways to Pay Contractors Checks. Tried and true, checks are simple, relatively cheap, and there’s no need to sign up for an app or money transfe...

Is it worth opening a 529 plan?

Known as a qualified tuition plan, a 529 plan allows you to save money for your child’s college education that grows tax-free. While plans differ from sta...

How is executive bonus structure?

As a rule of thumb, the base salary constitutes 30% of total compensation, the annual incentive another 20%, the benefits about 10% and long-term incentiv...

Can you have a checkbook for an IRA?

A Checkbook IRA is an investment approach that allows the account holder to write checks using the IRA’s cash. This setup allows investors to manage their...

Is it worth getting rabbit insurance?

Do you have a rabbit and want to know if having pet insurance is worth it? The simple answer is: yes, taking out a rabbit insurance is always a good idea....

Can my husband and I both file head of household?

As a general rule, if you are legally married, you must file as either married filing jointly with your spouse or married filing separately. However, in s...

Should I pay my COBRA premium for April 2021?

Assistance Eligible Individuals are not required to pay their COBRA continuation coverage premiums. The premium assistance applies to periods of health co...