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Is it illegal to keep large sums of money at home?

There’s no legal limit on how much money you can keep at home. Some limits exist with bringing money into the country and in the form of cash gifts, but t...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you budget an operating expense?

Creating an operating budget is a fairly simple task for any business owner. Identify expenses for the month. Look at every expenditure for the entire bus...

What is statute of limitations in business law?

The statute of limitations is a law that sets the maximum amount of time that parties in a dispute have to initiate legal proceedings. The length of time ...

Can the IRS take your Social Security benefits?

Because the FPLP is used to satisfy tax debts, the IRS may levy your Social Security benefits regardless of the amount. This is different from the 1996 De...

How does the tax system work in the United States?

Basic concepts The U.S. income tax system imposes a tax based on income on individuals, corporations, estates, and trusts. The tax is taxable income, as d...

What are the financial procedures?

Financial procedures are a set of instructions that any stakeholder, including new members of the committee or staff, can use to find out exactly: what ta...

How far back can you claim pension?

Pension. We can accept your claim if it is received no earlier than 4 months before the date you wish to get State Pension, or the date you reach State Pe...

How much does the average 75 year old have in savings?

According to the Fed data, the median net worth peaks between ages 65 and 74 and then falls when retirees enter their late 70s and beyond. Americans ages ...

What fiat money means?

Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy...

How to get angels to invest?

Here’s how to find angel investors that will be most likely to want to invest in your business. Know Who You’re Looking For. Look Close to Home. Network, ...