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How do companies write off bad debt?

This process is called writing off bad debt. Under the direct write-off method, bad debts are expensed. The company credits the accounts receivable accoun...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can a company lend money to an employee?

Generally, an employer is free to make loans to employees for any purpose, and low cost or interest-free loans are commonly offered as an employee benefit...

Can I send money from Ghana through Western Union?

WESTERN UNION is a fast, reliable, secure and convenient way of remitting funds from outside the country to a beneficiary in Ghana subject to Ghana’s inte...

Do you have to pay back 401k loan under CARES Act?

Under the CARES Act you can now borrow up to $100,000 of your 401(k) balance, with up to six years to “pay yourself back” the loan. In this scenario, you ...

How do you keep books for an S Corp?

How to Keep Accounting Records for an S Corporation Collect and capture all of your documents for any transaction that occurs with your corporation. Post ...

What do you ask your brother on brother tag?

Brother tag questions are the series of questions to ask your brother (s) to know how well you both know about each other. This is done sitting in front o...

Can husband and wife treat single member LLC?

An LLC co-owned by spouses in a community property state can be treated like an SMLLC for tax purposes. However, in community property states, you can hav...

How much 401K should I have before retirement?

Retirement-plan provider Fidelity recommends having the equivalent of your salary saved by the time you reach 30. That means if your annual salary is $50,...

Where is the best place to save cash?

What to do with Cash? 6 Places to Invest Your Cash Best Place to Save Money and Earn Interest. High-Yield Checking Accounts. High-Yield Money Market Accou...

Who are the best financial planners?

Find an Advisor Near You Rank Financial Advisor 1 Fisher Investments Find an Advisor Read Review 2 CAPTRUST Find an Advisor Read Review 3 Wealth Enhanceme...