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How much can I contribute to a 529 college savings plan?

529 plans do not have annual contribution limits. However, contributions to a 529 plan are considered completed gifts for federal tax purposes, and in 201...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What would affect the current ratio?

Current Ratio Cash and assets that are regularly converted into cash within the fiscal year are called current assets. Dividing current assets by current ...

Where do I file a limited partnership?

Registering to Do Business in California For more information about registering a limited partnership, call the Secretary of State’s Limited Partnership U...

Is there a legal document for people to sign who owe money?

An IOU, or “I Owe You”, is used by someone borrowing money (the “borrower”) to officially document that they owe someone (the “lender”) a debt. While an I...

How do you categorize start up costs?

The categories for your startup costs might include organizational costs, syndication costs, Section 197 intangible costs, tangible depreciation personal ...

What is the average cost of goods sold percentage?

COGS is not measured for each individual dish or drink sold. This would be too difficult and time-consuming. Instead, total inventory count is used to cal...

Is ShareBuilder now Etrade?

If you use Capital One Investing to trade stocks, your account will be moved to E*Trade later in 2018. Here’s why more mergers and acquisitions are in the...

What happens to your taxes when you inherit a house?

The act of inheriting a property doesn’t trigger any automatic tax liability, but what you decide to do with the house — move in, rent it or sell it — wil...

How do you create a comparison matrix?

Worksheet 12. Constructing a Comparison Matrix. Step 1: Define Your Options (write in a few words). Define Your Criteria for Comparing the Options (write ...

What are 4 financial documents?

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholder...