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Where does investment property go on the balance sheet?

Investment properties should be included in the balance sheet at their open market value. The movements in market value are taken to the statement of tota...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Do you pay more tax as a couple?

“Your spouse will pay income tax on the income that they earn, and you will separately pay income tax on the income that you earn.” Translation: don’t str...

In what year was your solar power system installed?

Photovoltaics were initially solely used as a source of electricity for small and medium-sized applications, from the calculator powered by a single solar...

Why would someone open a savings account?

Savings accounts help you store money you don’t need immediately. Avoiding excessive savings withdrawals can ensure it’s there when you do. If easier acce...

How long do Chapter 11 bankruptcies last?

While the average length of a Chapter 11 Bankruptcy case can last 17 months, larger and more complex cases can take up to five years. And following the co...

What is a mortgage closing note?

A mortgage note is the document that you sign at the end of your home closing. It contains all the terms of the agreement between the borrower and the len...

What kind of form is ss-4?

employer identification number Use Form SS-4 to apply for an employer identification number (EIN). An EIN is a 9-digit number (for example, 12-3456789) as...

Can you retroactively file form 8606?

You can file delinquent Forms 8606, even as far back as 1995, on a standalone basis, meaning that you can file them without amending your tax returns. The...

When divorcing How do you keep the house?

Courts will frequently seek to equally divide the equity in the marital home. Thus, a spouse seeking to retain the marital home following a divorce, must ...

Can update iOS error 4000?

What Causes the “Update Error 4000” on iPhone? This means that your iPhone doesn’t require a new update and can be used after restarting normally. Locked ...