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What is the fastest secured credit card to get?

The easiest credit card to get approved for is the OpenSky® Secured Visa® Credit Card because there’s no credit check for new applicants. Does your credit...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How important is trade credit as a source of debt financing to small firms?

Trade credit is a particularly important source of funding for smaller companies. In common speech buying on trade credit often means simply that goods an...

Can I deduct unreimbursed business expenses in 2019?

You can deduct only unreimbursed employee expenses that are paid or incurred during your tax year, for carrying on your trade or business of being an empl...

What does issue on file mean for unemployment in Wyoming?

“When more information is needed to process a claim, claimants may see the message ‘issue on file’ when checking their claim status, and that means we are...

What do you do as a wealth management advisor?

A wealth management advisor is a high-level professional who manages an affluent client’s wealth holistically, typically for one set fee. This service is ...

How do you add bad debt expense?

To record the bad debt expenses, you must debit bad debt expense and a credit allowance for doubtful accounts. With the write-off method, there is no cont...

What does allocated tips mean on a w2?

Allocated tips are tips your employer assigned to you in addition to the tips you reported to your employer for the year. If your employer allocated tips ...

When do you claim the Home Office deduction?

The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people working from home than ever be...

Do medical deductions affect AGI?

Medical costs are deductible only after they exceed 7.5% of your Adjusted Gross Income (AGI) in 2020. So, if your AGI is $50,000, the first $3,750 ($50,00...

How long does a tax preparer have to notify a client that their return was rejected?

The IRS notifies the Electronic Return Originator (ERO) when the return is accepted, usually within 15 minutes or less but typically not more than 48 hour...