Should income tax refund be included as income?
One must also remember that interest received on the refund amount is taxable. The assessee is required to include the interest paid to him on the refund,...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
What does FUTA mean?
Federal Unemployment Tax Act The Federal Unemployment Tax Act (FUTA) is a piece of legislation that imposes a payroll tax on any business with employees. ...
Read More →How long can a parent go without seeing their child in Indiana?
In other words, a custodial or non-custodial parent may be said to have abandoned or deserted a child. Pursuant to Indiana Code § 31-19-9-8(a)(1), the per...
Read More →How do taxes work for print on demand?
Just like with drop shipping, with print on demand (POD) you don’t keep inventory of the products you sell, but instead you work with a third party POD pr...
Read More →What legislation covers storing hazardous materials?
The Health and Safety at Work, etc Act 1974 includes a general duty requiring arrangements for the storage of substances to ensure safety and the absence ...
Read More →Are schools tax exempted?
Indeed, the Constitution granted NNS tax relief in these simple and unmistakable words: “All revenues and assets of non-stock, non-profit educational inst...
Read More →What is EMP201 form?
The EMP201 is a payment declaration in which the employer declares the total payment together with the allocations for PAYE, SDL, UIF and/or ETI. A unique...
Read More →Is Zinc the same as silver?
So Is Zinc The Same As Silver No Zinc is not silver. Zinc when treated has a very similar colour to silver, hence why they use it to disguise poor quality...
Read More →What happened to Edgar Allan Poe 1849?
On October 3, 1849, Poe was found delirious on the streets of Baltimore, “in great distress, and… in need of immediate assistance”, according to Joseph W....
Read More →Are Canadian Gold maple Leafs a good investment?
The Canadian Gold Maple Leaf coin is one of the purest gold coins on the market today, and they are highly valuable to collectors and investors. Minted by...
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