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Can you check credit union balance online?

With many credit unions now offering banking apps to complement online banking facilities, it means you can easily and quickly check your balance, transfe...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What happens to your mortgage if you lose your job?

Job loss mortgage insurance pays your monthly mortgage payment for a specified period while you’re out of work. Unemployment insurance temporarily replace...

In what order are the four financial statements prepared?

Financial statements are compiled in a specific order because information from one statement carries over to the next statement. The trial balance is the ...

Are shareholder distributions considered payroll?

When paying shareholder-employees, S corporations may classify outflows as either salary expense or shareholder distributions. Classifying payments as dis...

What are 3 advantages of leasing a car instead of owning buying one?

What Are the Benefits of Leasing a Car? Lower monthly payments than a loan on the same vehicle. The latest technology with a new car every few years. Your...

What do I do if I filed my taxes for the wrong year?

If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X, enter...

Do I pay NY state tax if I live in CT?

OK. If you live in CT and have a job in New York, where do your state income taxes go? You will have to file NY State for your NY related income and CT St...

Does MS qualify for permanent disability?

If you have Multiple Sclerosis, often known as MS, you may qualify for Social Security disability benefits if your condition has limited your ability to w...

What does farming mean in accounting?

Farm accounting or accounting for agricultural farms is the application of accounting practices to agricultural operations. The farm accounting is a techn...

Where does Unrecaptured Section 1250 Gain get reported on 1040?

The unrecaptured gain is calculated and reported on the Unrecaptured Section 1250 Gain Worksheet. This worksheet can be found in Forms View under the DWrk...