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Is software a computer expense?

You may enter them as Other Expenses; create your own description and enter the amount. There are special rules, however, for computer software. * If the ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How much does drug rehabilitation cost?

Drug and alcohol rehab can cost from $2,000 to $25,000 or more depending on various factors. According to a 2016 report by the U.S. Department of Defense,...

What do I do if I lost my W2 form?

If you haven’t received yours by mid-February, here’s what you should do: Contact your employer. You should first ask your employer to give you a copy of ...

What does contingency agreement mean?

A contingency agreement is any contract that depends on one or more events that may or may not take place. If the specified events occur, the parties may ...

Can you miss work if you have bronchitis?

If you have bronchitis, another common winter infection, your doctor will most likely book you off for a couple of days, notes Dr Wiese. If this is the ca...

What is the maximum LTV on an FHA loan?

The maximum loan-to-value for the FHA mortgage insurance program is 96.5%, according to official HUD guidelines. This means eligible borrowers can make a ...

Should ETFs be in taxable accounts?

ETFs can be more tax efficient compared to traditional mutual funds. Generally, holding an ETF in a taxable account will generate less tax liabilities tha...

What are total liabilities at the end of the year?

“Total current liabilities” is the sum of accounts payable, accrued liabilities and taxes. Long-term liabilities include the following: Bonds payable is t...

Can a grantor be a trustee in an irrevocable trust?

While a grantor may technically be allowed to serve as the trustee of an irrevocable trust he creates, this can cause some problems. Often the grantor wil...

Can I start a new pension at 55?

It’s definitely not too late to begin pension saving at 35, 45, or even 55, but it does become trickier to build up a pot to sustain you in retirement, so...