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Can you get a mortgage from a private individual?

A private mortgage, which is a mortgage loan created by a private individual, can be beneficial to both the borrower and private lender — bypassing a lot ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is the average retirement benefit?

The average monthly Social Security benefit for each retired worker comes to around $1,413, or just under $17,000 a year. In addition to Social Security, ...

What is the role of an independent insurance agent?

An independent agent is an insurance agent that sells insurance policies provided by several different insurance carriers, rather than just a single insur...

Can you deduct the fees for a loan modification?

Modification fees from third party services would most likely be classified as legal fees, and those are only deductible when it relates to your income. T...

Can transfer money be taken back?

Once a payment has been sent, it isn’t possible to reverse it. So if you think you’ve made a mistake let your bank know straightaway. Likewise, if you’ve ...

How long does it take to buy a commercial property?

A standard sale and purchase procedure can take between six to ten weeks to complete. Much of this time is spent conducting proper due diligence. To compl...

What happens if my brother wants to sell my house?

The brother who wants to sell, on the other hand, does not have the right to sell the whole property without everyone’s agreement. If you each own a disti...

How do you record a journal entry for cash donations?

Donation of products or services you usually sell Create an invoice for the products or services you donated. Create an account for charitable contributio...

What kind of bookkeeping is used by small business?

The single-entry and double-entry bookkeeping systems are the two methods commonly used. While each has its own advantage and disadvantage, the business h...

How is inventory accounted for when sold?

Inventory is recorded and reported on a company’s balance sheet at its cost. When an inventory item is sold, the item’s cost is removed from inventory and...