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What is the reimbursement for miles?

56 cents per mile driven for business use, down 1.5 cents from the rate for 2020, 16 cents per mile driven for medical, or moving purposes for qualified a...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can I claim 0 allowances if single?

You can claim anywhere between 0 and 3 allowances on the 2019 W4 IRS form, depending on what you’re eligible for. Generally, the more allowances you claim...

What is complex entry accounting?

A complex entry is simply three or more line items of data. With three lines, two of them are debits or credits and the third is a single line for the bal...

What constitutes harassment over the phone?

Telephone harassment occurs when someone intends to annoy, harass, or threaten you and just one phone call can do that. More often, harassment constitutes...

Can self-employed deduct Internet?

Self-employed individuals who run a business from their home can deduct the cost of purchasing Internet access for their home. According to Investopedia, ...

Is it OK to use credit card while refinancing?

Consumers can continue to use their charge cards during a mortgage transaction, but they need to be aware of the timing and not make purchases during the ...

How do you distinguish present value from future value?

Present value is the sum of money that must be invested in order to achieve a specific future goal. Future value is the dollar amount that will accrue ove...

Are reserves included in cash flow statement?

Increase in Balance of Capital Reserve: Increase in the balance ofcapital reserve generally relates to profit/gain on the sale of fixed assets. Since, thi...

Are there single family homes in New York?

By the 1930’s, the tide had turned and more middle- and upper-class New Yorkers lived in apartment buildings than in single family homes, and now there ar...

Can I get a loan on sick pay?

Being ill or disabled shouldn’t prevent you from getting a loan. Banks and other lenders must treat you the same as any other customer – they’re not allow...