The Daily Horizon

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What part of upstate NY is closest to NYC?

It runs along, you guessed it, the Hudson River valley. There are no cities in Upstate NY that are commutable to NYC. The major cities of Upstate NY are B...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do I start a new year in QuickBooks?

If you need to change the fiscal year, you can edit it at any time in the program’s settings. Open QuickBooks and go to the company menu. Click “Company I...

How much interest on savings account is exempted from tax?

Most of you would know that you can claim a deduction of up to ₹10,000 on the interest earned on a savings bank account under Section 80TTA of the Income ...

What is shown as footnote in balance sheet?

Footnotes to the financial statements thus report the details and additional information that is left out of the main financial statements such as the bal...

What percentage of tips are servers required to claim?

The rule of thumb most servers follow is to report half their tips or more if their credit card tips are higher than half. The law says you should declare...

How much money can I borrow from my 401k?

The most anyone can borrow from a 401(k) plan is $50,000, but if the total vested amount in your plan is less than $100,000, you can only borrow up to hal...

What should I write for financial needs?

Your financial aid award appeal letter should include the following: An address to a specific person. A clear “ask” and a specific “why.” Ask the office t...

What makes a rental property Non passive?

A real estate professional is considered non passive if the following three requirements of material participation are met: 50% of services are performed ...

Do student loans look bad on credit report?

Student loans affect your credit in much the same way other loans do — pay as agreed and it’s good for your credit; pay late, and it could hurt it. Studen...

What is a good accounts receivable turnover ratio?

Average turnover ratios for the company’s industry. An AR turnover ratio of 7.8 has more analytical value if you can compare it to the average for your in...