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Can I access my IRS records online?

You can access your federal tax account through a secure login at View the amount you owe, along with details of your balance, your payment history, tax r...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does it mean to sponsor a football team?

What are sponsorships in sports? Put very simply, a sponsorship in football, and sport in general, is a business providing funds to a team to help them bu...

What is the purpose of Organisational instructions?

They ensure compliance with laws and regulations, give guidance for decision-making, and streamline internal processes. However, policies and procedures w...

What are the financial indicators?

Financial indicators are statistics extensively used to monitor the soundness, stability and performance of various sectors of the economy. The use of fin...

What companies need an affirmative action plan?

While all employers should be mindful of EEOC (Equal Employment Opportunity Commission) laws, the only companies that are required to have a written, up-t...

Can Canadian citizen buy business in USA?

How Canadian Investors in the U.S. Can Apply for an E-2 Visa. The E-2 treaty investor visa allows Canadian citizens to buy or start a business in the U.S....

What is difference between FIFO and FIFO perpetual?

Assume FIFO perpetual is a maintenance of a single register for multiple years while FIFO as a closure of a register for every financial cycle with openin...

Are subtracted from sales to compute the contribution margin?

When computing contribution margin, subtract all variable costs, including variable manufacturing costs and variable selling, general, and administrative ...

Are freight outs liabilities?

Delivery expense to be paid by the seller when its merchandise is sold with terms of FOB destination. This is an operating expense and is not included in ...

Where do you record gain on sale of asset?

If there is a gain, the entry is a debit to the accumulated depreciation account, a credit to a gain on sale of assets account, and a credit to the asset ...