The Daily Horizon

Featured Article

What is sales tax how is it computed?

Sales Tax Calculation To calculate the sales tax that is included in a company’s receipts, divide the total amount received (for the items that are subjec...

Read Full Article Browse technology trends

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Are franchises owned by the government?

Not every privilege granted by a governmental authority is a franchise. A franchise differs from a license, which is merely a personal privilege or tempor...

What are the 3 parts of Social Security?

But the Social Security program itself also has three important components: retirement, disability benefits, and survivors’ benefits. What are the main pa...

What form do I use to report Social Security income?

SSA-1099 The net amount of social security benefits that you receive from the Social Security Administration is reported in Box 5 of Form SSA-1099, Social...

What is operating cycle of a business?

An Operating Cycle (OC) refers to the days required for a business to receive inventoryInventoryInventory is a current asset account found on the balance ...

How many years do you have to be in the Navy to get a pension?

20 years You’ll need to serve 20 years or more to qualify for the lifetime monthly annuity. Your retirement benefit is determined by your years of service...

When do I need to file a 1099-C cancellation of debt?

The 1099-C form reports a cancellation of debt; creditors are required to issue Form 1099-C if they cancel a debt of $600 or more. Form 1099-C must be iss...

Does burn rate include cogs?

Gross Burn Rate is the total amount of cash that your company spends each month on operations. This does not include expenses relating to COGS. How do you...

Is it legal to ask employees to work for free?

Can the employer ask you to do an unpaid work trial? Yes they can, but there ARE rules around this. Fundamentally, a free trial can only be unpaid if it i...

Can I date a man who is separated?

When someone is separated, they are not able to marry someone else until they are officially divorced. Doing so would be bigamy and is illegal. If you are...