The Daily Horizon

Featured Article

What does LMT mean in trading?

Limit Orders Limit Orders (LMT) Can I buy and sell the same stock in one day? Retail investors cannot buy and sell a stock on the same day any more than f...

Read Full Article Browse health

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Do homeowners associations have to file tax returns?

Do HOAs file tax returns? To reiterate, homeowners associations are considered corporations, which means they do need to file federal tax returns. Such HO...

What is the difference between P and L?

Here’s the main one: The balance sheet reports the assets, liabilities and shareholder equity at a specific point in time, while a P&L statement summa...

How is an LLC taxed in Canada?

The Canada Revenue Agency (CRA) classifies LLCs as a corporation for tax purposes. The LLC has to report its income to the United States Internal Revenue ...

Is it bad to pay less than minimum payment on credit card?

Try to make at least the minimum payment on your credit card every month. Making on-time payments is one of the most important parts of building good cred...

Can you lower interest rate after closing?

Yes, you can change lenders after locking a rate. But you’ll have to start the application process over with your new lender. That means getting pre-appro...

Who can participate in a profit sharing plan?

A profit sharing plan is for employers of any size. are used solely to benefit the participants and their beneficiaries. The trust must have at least one ...

How do you find the breakeven point without units?

Break-Even Total Sales The formula below helps calculate the total sales, but the measurement is in dollars ($), not units: Break-even Sales = Total Fixed...

Can small businesses become corporations?

Many small business owners launch their companies as sole proprietorships in which they and their businesses are essentially one and the same. However, ch...

How are capital accounts reported in a S corporation?

S Corporation Capital Accounts The capital accounts come into play in two crucial aspects of an S corporation’s financial and tax reporting. First, the ca...