What happens if personal loan is not paid Philippines?
Your Debt Will Pile Up For each month that your loan is unpaid, you’ll have to pay a late payment fee of 7% to 10% of the unpaid balance or PHP 200 to PHP...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
What category is equipment in accounting?
Equipment is not a current asset, it is classified in accounting as a “Noncurrent asset”. Noncurrent assets, such as buildings and equipment, are assets n...
Read More →How much tax do I pay on 220?
A tax of 7.5 percent was added to the product to make it equal to 236.5. So, divide 7.5 by 100 to get 0.075. Divide the final amount by the value above to...
Read More →Can you start a 401k on your own?
If you are self-employed, you can set up a solo 401(k), also known as an independent 401(k) plan, on your own. Solo 401(k)s have some benefits over other ...
Read More →What are the 3 types of credit reports?
The three credit reporting agencies are TransUnion, Equifax, and Experian. Because of their reporting methods, it is common to have different credit score...
Read More →What are the complications of venipuncture?
Complications that can arise from venepuncture include haematoma forma- tion, nerve damage, pain, haemaconcentration, extra- vasation, iatrogenic anaemia,...
Read More →Do you pay tax when you buy a house with cash?
If you pay for your home in cash, you will not be entitled to mortgage interest tax deductions. While not having a mortgage can simplify things, the truth...
Read More →Is intangible amortization tax deductible?
You can deduct amortization expenses to reduce your tax liability. Deducting amortization lowers taxable earnings and shrinks your year-end tax bill. You ...
Read More →How long must a company keep spare parts?
According to this new law, manufacturers will be obligated to have spare parts readily available for 7 to 10 years after the purchase of the product. More...
Read More →How much does it cost to lease a tractor trailer?
How much to lease a tractor trailer may run anywhere between $1,600 to $2,500 a month on average for new trucks. For used trucks, the monthly average cost...
Read More →