The Daily Horizon

Featured Article

Are you obligated to deduct 401k contributions from bonus checks?

401(k) contributions must be withheld from a participant’s bonus compensation, unless otherwise indicated in the plan document. Can I exclude bonuses from...

Read Full Article Browse environment

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is the 3 day rule for mortgage closing?

The three-day period is measured by days, not hours. Thus, disclosures must be delivered three days before closing, and not 72 hours prior to closing. Not...

What can I do about a false collection?

Reach out to the company the collector says is the original creditor. They might help you figure out if the debt is legitimate – and if this collector has...

Why sunk cost is irrelevant?

A sunk cost is a cost that cannot be recovered or changed and is independent of any future costs a business might incur. Because a decision made today can...

What is the entry for deferred revenue?

Deferred revenues reflect situations in which money has been received, but goods and services haven’t been provided. The journal entry to recognize a defe...

How to start a financial consulting services firm?

If you have decided to start a financial consulting services firm, then you should must make sure that you carry out thorough feasibility studies and also...

Does stock income affect Social Security benefits?

If you’re worried that stock market slumps can affect your Social Security benefits, the short answer is no. For the most part, it’s fair to say that the ...

Is the sale of an RV taxable?

The gain will be the difference between what you paid for the camper trailer and the selling price. The sale of personal use property that has a gain is a...

What are the reasons for renovation?

Here are the top reasons for renovating your home. To increase your comfort or enjoyment of the home. This one comes first for a reason. To fix a safety i...

What is included in the current assets section of the balance sheet?

Current assets appear on a company’s balance sheet, one of the required financial statements that must be completed each year. Current assets would includ...