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Why would Illinois Department of Revenue send me a letter?

The Illinois Department of Revenue (IDOR) sends letters and notices to request additional information and support for information you report on your tax r...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is the start-up stage of a business?

During the startup phase, you spend your time meeting people, coming up with new ways to sell your products or services and consistently implementing new ...

How do I cash in bonds that I inherited?

Take the savings bonds to a bank or other financial institution if you are now the owner, or if your parent named you as survivor beneficiary on the bonds...

Does closing old credit cards help your credit score?

A credit card can be canceled without harming your credit score⁠—paying down credit card balances first (not just the one you’re canceling) is key. Closin...

How do I show payroll for LLC?

As the owner of a single-member LLC, you don’t get paid a salary or wages. Instead, you pay yourself by taking money out of the LLC’s profits as needed. T...

What is the maximum Social Security payment at age 62?

$2,324 For someone at full retirement age, the maximum amount is $3,113, and for someone aged 62, the maximum amount is $2,324. The absolute Social Securi...

Do you need an accounting system for rental property?

Or they look down uncomfortably, knowing they need to do a better job in their accounting but don’t know where to start. The truth is, a solid bookkeeping...

How much does a self employed painter and decorator earn UK?

More generally, the wages for a painter decorator in the UK can range from around £15,000 for someone just starting out, through to as much as £30,000 for...

Do companies come after you for tuition reimbursement?

If you are laid off, an employer will often not require you to repay training and education costs, since you did not breach the contract. By not requiring...

What is a 25% profit margin?

Definition of Gross Margin Gross margin as a percentage is the gross profit divided by the selling price. For example, if a product sells for $100 and its...