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How can credit negatively affect your life?

A poor credit history can have wider-ranging consequences than you might think. Not only will a spotty credit report lead to higher interest rates and few...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can you have Obamacare and Medicare at the same time?

Affordable Care Act (ACA), known as Obamacare, will not replace Medicare or other governmental health care programs. There is no coordination of benefits ...

Can a green card holder be a citizen of India?

Unlike India, the US tax law is based on residency as well as citizenship. If you are a Green Card holder living in India, you would qualify as a resident...

What are the statistics for small business owners?

84% of small business owners indicate that they’re feeling optimistic about the future of their companies. 64% of small business owners begin with only $1...

What qualifies as a first-time buyer?

The dictionary definition of a first-time buyer is ‘a person buying a house or flat who has not previously owned a home and therefore has no property to s...

What is a forex Managed account?

A managed forex account is where a professional trader/money manager manages the trading on the clients’ behalf. The account is made up of a personalized ...

How do you determine if we should refinance?

So when does it make sense to refinance? The typical should-I-refinance-my-mortgage rule of thumb is that if you can reduce your current interest rate by ...

What are the benefits of recording transactions?

What are the benefits of recording all business transactions? Well kept records means tax saving. Good accounting records act as backup for all income and...

Can a sole proprietor be a dependent?

Can my dau open a sole proprietor business on her personal taxes & still be a dependent on her parents? Yes, she can start her own business as a sole ...

What happens if an employee is overpaid?

If an employee is overpaid, an employer can legally reclaim that money back from the employee. However, that employer usually only has a certain amount of...