What is a balance sheet for small business?
A balance sheet is a statement of a business’s assets, liabilities, and owner’s equity as of any given date. Typically, a balance sheet is prepared at the...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
What year W-2 do I need for 2017?
To file your 2017 return you would use 2017 W-2s issued by your employer(s). How do I get my W-2 from a company that I am no longer in business? Grab your...
Read More →When should you invest in municipal bonds?
Investing in municipal bonds is a good way to preserve capital while generating interest. Most of them are exempt from federal taxes, and some are tax-fre...
Read More →Is someone still your sister in law after divorce?
Re: After a Divorce Are In-Laws Still In-Laws You’re no longer legally related to your ex sister in-law, but if the two of you have a cordial and friendly...
Read More →Can I rent two properties at the same time?
Yes..but you cannot elect two primary residences.. However, a doctor used one rental unit for his professional practice and it was used to displace a tena...
Read More →Is it smart to buy the car after lease?
If you can acquire the automobile for less than its current market value and you like the car, buying it from the leasing company probably makes financial...
Read More →Does Roth IRA count towards mortgage?
Retirement Accounts: If you draw money from a 401(k), Roth IRA, traditional IRA or another retirement account, you can use this income to qualify for a lo...
Read More →CAN 1099-MISC ignore?
In some cases, estimating the income is acceptable. Excluding a 1099-MISC from your tax return opens yourself up to an audit and possible monetary penalti...
Read More →When did adjustable rate mortgages start?
Germain Depository Institutions Act of 1982 allowed Adjustable rate mortgages. In 2006, before the subprime mortgage crisis, over 90% of the subprime mort...
Read More →Can you set up recurring wire transfers?
Recurring wire authorizations are permitted on a case-by-case basis by the Credit Union and must be approved by Management. This allows you to authorize w...
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