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Do sales jobs have a base salary?

Since success is often dependent on foot traffic rather than sales activity, retail salespersons are often compensated by a base salary only. However, ret...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is the extended filing due date for an S corporation with a calendar year end?

The due date is the 15th day of the third month following the end of the tax year. See the Instructions for Form 1120-S, U.S. Income Tax Return for an S C...

How do I find out how much I owe the IRS in back taxes?

You can access your federal tax account through a secure login at Once in your account, you can view the amount you owe along with details of your balance...

What is a good IRR for a capital project?

If you were basing your decision on IRR, you might favor the 20% IRR project. But that would be a mistake. You’re better off getting an IRR of 13% for 10 ...

What does a mortgage servicer do?

Mortgage servicers collect homeowners’ mortgage payments and pass on those payments to investors, tax authorities, and insurers, often through escrow acco...

Is deferred comp considered a 401k?

A deferred compensation plan looks like a 401k plan. You make deferrals, select investments and pay taxes upon distribution. Instead, the employee will pa...

Do credit sales affect accounts receivable?

When a customer purchases merchandise on credit, the accounts receivable balance on the seller’s balance sheet is increased from the sale. If the buyer de...

Is there a maximum number of Windows Hello enrollments?

The maximum number of supported enrollments on a single Windows 10 computer is 10. That enables 10 users to each enroll their face and up to 10 fingerprin...

Can you eFile late 1099s?

Businesses that file more than 250 Form 1099s must file them electronically. The IRS charges a penalty fee for late filing, except in certain circumstance...

Which ratio is an indicator of corporate liquidity?

current ratio The current ratio measures a company’s ability to pay off its current liabilities (payable within one year) with its current assets such as ...