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What is remittance in a sentence?

a payment of money sent to a person in another place. 1. Your last month’s salary will be paid by remittance. 2. Is remittance the same as payment? A remi...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can company accounts be filed online?

You can register for online filing if you do not have them. If you have a private limited company that does not need an auditor, you could use the company...

How do you determine fair value?

Fair value is the sale price agreed upon by a willing buyer and seller. The fair value of a stock is determined by the market where the stock is traded. F...

How do I find my adjusted gross income on my W2?

How To Find AGI On W2? You can find your AGI on Box No 1 of your W2, this income is a combination of your Wages, Tips, Compensation and also addition of b...

What is directors remuneration in income statement?

Director’s remuneration is the amount paid to the directors of a company either in cash or by using the company’s property with approval from the sharehol...

Do student loans count towards DTI?

Just like any other debt, your student loan will be considered in your debt-to-income (DTI) ratio. The DTI ratio considers your gross monthly income compa...

How does matching principle apply to depreciation?

Answer: Explanation: The expense is recognized throughout an asset’s useful life. The calculation of depreciation expense follows the matching principle, ...

Is separation the same as termination?

Employers can use a separation agreement with employees who are fired or laid off. They’re also known as termination agreements; release of claims for emp...

What prior year AGI amount do I use if I had an ITIN when I filed my 2019 tax return but have a SSN to file my 2020 tax return?

If your client had an ITIN when they filed their prior year tax return, but now has a SSN to file their current year tax return, they should use Zero (0) ...

How do you calculate revenue vs profit?

Calculating Sales Revenue and Profit For example, if an orchard sells 200 apples at a price of $2 per apple, its total sales revenue is $400. If it also s...