The Daily Horizon

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Can transactions go through without OTP?

The RBI, earlier this month, allowed banks to facilitate transactions without OTP for online transactions as long as the merchant can verify the customer....

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Do dividend payments reduce retained earnings?

When the dividends are paid, the effect on the balance sheet is a decrease in the company’s retained earnings and its cash balance. In other words, retain...

How much can you sell on eBay before you have to pay taxes on it?

You will have to pay income tax on anything you sell on eBay once you sell $20,000 or more and exceed 200 transactions. Do you have to pay taxes on the st...

How do you calculate pay period?

To arrive at the gross wages per pay period, divide the annual salary by the number of pay periods in the year. For instance, say the employee earns an an...

Which credit card has the highest balance?

Best High Limit Credit Cards of August 2021 Cash Back: Citi® Double Cash Card – 18 month BT offer. Highest Limit: Chase Sapphire Reserve® Overall: Chase S...

Is there a tax disadvantage to paying off mortgage?

You Lose Access to Tax Deductions on Interest Payments. Once you pay your home off, you will lose those deductions. The amount of mortgage interest you ca...

Why is it important to be independent in fact and in appearance?

Independence in both fact and appearance is also crucial to maintaining professional autonomy and the high esteem in which the profession is held. As a re...

What is bookkeeping and journal entries?

Bookkeeping journals are where a business records its daily financial transactions in date order showing which accounts to debit or credit with journal en...

What do you do when you buy a piece of land?

Here are the do’s and don’ts of buying vacant land: Do work with an agent to find the land. Do have your finances in order. Do consider the value of homes...

How long does it take to clean out an inherited house?

Many families find they cannot handle the stress that comes with cleaning out inherited property, so they do nothing for a year, which can be costly. What...