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What are typical executor fees?

The guidelines set out four categories of executor fees: Fees charged on the gross capital value of the estate. 3% to 5% is charged on the first $250,000;...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is the statute of limitations in Illinois concerning alcohol related suits?

The Illinois Dram Shop Act provides for civil liability for injuries caused by persons who become intoxicated by alcoholic beverages provided by the dram ...

What is an agreement for work?

Work agreement means a written agreement between the employer and employee that details the terms and conditions of an employee’s work away from his centr...

Can you buy a house with 1 person?

While getting a home loan as a single person may be more difficult than if you were buying as part of a couple, it’s not impossible. With the right approa...

What happens when your 401k is terminated?

If you are fired or laid off, you have the right to move the money from your 401k account to an IRA without paying any income taxes on it. This is called ...

Can public company buy private company?

A public company can transition to private ownership when a buyer acquires the majority of it shares. This public-to-private transaction effectively takes...

What is an EBIT EPS analysis?

Concept of EBIT-EPS Analysis: Simply put, EBIT- EPS analysis examines the effect of financial leverage on the EPS with varying levels of EBIT or under alt...

How much can a bank hold in escrow for taxes?

According to federal regulations, your lender can keep only enough escrow dollars to cover your yearly insurance and property tax bills, a cushion of two ...

How do you record equipment purchases?

Recording the Asset Purchase and After The purchase of an asset for cash is simple to record. If you buy a $5,000 piece of manufacturing equipment, you de...

How do you calculate bond maturity price?

Yield to maturity (YTM) = [(Face value/Present value)1/Time period]-1. If the YTM is less than the bond’s coupon rate, then the market value of the bond i...