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What is a reasonable earnest money deposit?

While the buyer and seller can negotiate the earnest money deposit, it often ranges between 1% and 2% of the home’s purchase price, depending on the marke...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Where do wages go on income statement?

A wage expense may be recorded as a line item in the expense portion of the income statement. This is a type of variable cost. What accounts show up on an...

Can you claim a 28 year old as a dependent?

An adult son or daughter may be claimed as a qualifying child if he or she is younger than 19 at the end of the year and lived with the taxpayer for more ...

Do you capitalize co-founder?

Co-Founder can be used as a title while Co-founder (founder is not capitalized) can be used when you want to begin a sentence. For example, a Co-founder i...

What to say to a father who passed away?

Message for Father who Passed Away. Dad, not a day passes by without something or someone reminding us of you. Your death has left us bereft and this void...

How do you calculate cash conversion?

Key Learning Points The cash conversion ratio (CCR) compares a company’s operating cash flows to its profitability and measures a company’s efficiency in ...

Are lease payments reported on 1099?

Yes, per the IRS, Box 1 of a 1099 MISC form should include payments made for the rental of equipment. Real estate rentals paid for office space. However, ...

Should I hold REITs in my portfolio?

Since REITs provide high dividends, this allows a predictable revenue stream for fixed-income investors. But take note, this high yield can come at the co...

Can a restaurant be an LLC?

Can a restaurant be an LLC? Yes, a business owner of a restaurant may elect to form an LLC. In fact, both an LLC and a sole proprietorship can be a reward...

Is there a Disability Awareness Month?

This is the 28th Year the United States has recognized and celebrated March as National Disability Awareness Month! On February 26, 1987 President Ronald ...