The Daily Horizon

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Can an employer pay you once a month?

Employers can pay executive, supervisory, and other special classifications of employees once per month. The monthly pay requirements apply only to execut...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you calculate NPV from free cash flow?

To calculate the NPV, add up all the present values for each year and subtract the initial investment. So, if the initial investment is $1,000, and the pr...

What happens after a credit card goes to collections?

Once a bill is sent to collections, the collection agency will contact you for payment and you’ll no longer hear from your creditor or be able to pay them...

How much money can be transferred without being taxed?

In 2020 and 2021, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. If you give more than $15,000 in c...

Does a pour-over will have to be probated in Texas?

If all your assets are owned by the revocable living trust or pass to the revocable living trust via a beneficiary designation or pay on death provision, ...

Who can participate in a Solo 401k?

To qualify for the Solo 401k plan, you must be self-employed and generate some form of self-employment income and provide proof. If you are the owner of a...

How do you calculate sum of digits depreciation?

For example, if an asset can be depreciated over four years, the sum-of-digits method adds together 4 + 3 + 2 + 1 to get 10 years total. In the first year...

Does Delaware have reciprocity with PA?

Pennsylvania also has tax reciprocity with five states: Maryland, Ohio, Virginia, West Virginia, and Indiana. New Jersey, meanwhile, has reciprocity only ...

Can disability discharge student loans?

If you’re totally and permanently disabled, you may qualify for a discharge of your federal student loans and/or Teacher Education Assistance for College ...

What is a vested employee stock plan?

Vesting. ESOs are considered vested when the employee is allowed to exercise the options and purchase the company’s stock. For example, you may be granted...