Thursday, August 23, 2007
Sunday, August 19, 2007
State Taxes
State Taxes
by: Matt Bacak
Small businesses owners are dependent upon each state for their liability when it comes to payroll taxes for their state of operation. Each state varies, and there are even some states that do not withhold state tax and require no state income tax filing. Each state requires that an employer deduct and withhold unemployment tax, just the same as at the federal level.
Generally, however tax rates for the state level on unemployment tax will vary depending upon the employment history of the business. Once in business long enough, a tax rate can be established based upon the employer's experience with benefit charges and taxable payroll.
Taxes are deducted in the same manner as federal taxes, each pay period and filed with the applicable state on a monthly basis. Most states will also require a quarterly information report comparable to the 941 federal forms. Withholding rates on the state level are much lower than the federal rates. Also, there are limits of liability. Once a particular level is reached in income, the tax rate may be reduced, or sometimes eliminated.
Small businesses operating in one more than one state may find themselves liable for payroll tax in each state. If you operate in multiple states, you should contact each state of operation to determine your liability and setup the necessary accounts for deductions. Quite often accountants that handle state taxes in your area will be aware of each state's filing requirements and be able to assist you.
The greatest concern as a small business that you will have on the state level will be the unemployment tax that you are assessed. Unemployment compensation is administered on the state level, and can therefore greatly affect your tax liability. Your tax rating determines your tax liability, and new businesses are given a standard rating until enough time has passed with operations to assess an individual rating based on employee benefit charges and gross taxable payroll.
by: Matt Bacak
Small businesses owners are dependent upon each state for their liability when it comes to payroll taxes for their state of operation. Each state varies, and there are even some states that do not withhold state tax and require no state income tax filing. Each state requires that an employer deduct and withhold unemployment tax, just the same as at the federal level.
Generally, however tax rates for the state level on unemployment tax will vary depending upon the employment history of the business. Once in business long enough, a tax rate can be established based upon the employer's experience with benefit charges and taxable payroll.
Taxes are deducted in the same manner as federal taxes, each pay period and filed with the applicable state on a monthly basis. Most states will also require a quarterly information report comparable to the 941 federal forms. Withholding rates on the state level are much lower than the federal rates. Also, there are limits of liability. Once a particular level is reached in income, the tax rate may be reduced, or sometimes eliminated.
Small businesses operating in one more than one state may find themselves liable for payroll tax in each state. If you operate in multiple states, you should contact each state of operation to determine your liability and setup the necessary accounts for deductions. Quite often accountants that handle state taxes in your area will be aware of each state's filing requirements and be able to assist you.
The greatest concern as a small business that you will have on the state level will be the unemployment tax that you are assessed. Unemployment compensation is administered on the state level, and can therefore greatly affect your tax liability. Your tax rating determines your tax liability, and new businesses are given a standard rating until enough time has passed with operations to assess an individual rating based on employee benefit charges and gross taxable payroll.
Pfizer's Bextra Faces Its First Lawsuit
Pfizer's Bextra Faces Its First Lawsuit
by: Scott Montgomery
For years, Merck has been under scrutiny for a number of drugs, most recently Vioxx. The recall of Vioxx has shares down by more than 40 percent and facing hundreds of lawsuits that could cost them billions of dollars. However, Merck is not alone in the scrutiny that this pharmaceutical company faces. Pfizer, the maker of Bextra and Celebrex, painkillers in the same family as Vioxx, is facing similar legal problems. The question being asked is whether Bextra and Celebrex increase the risk of heart attack and stroke.
Although Pfizer has avoided much of the negative publicity in newspapers and radio as compared to Merck, the question still stands as to whether the problems with Vioxx extend to similar medicines taken by millions of consumers. Although these pharmaceutical companies claim to have drugs that relieve chronic arthritis pain without causing ulcers, what other side effects may be the result?
Susan Raymond is filing a suit claiming her husband, age 46, died from a heart attack after taking Pfizer’s Bextra for only 10 months. Jerrold Parker, an attorney at Parker & Waichman in Great Neck, N.Y. will be representing her.
Despite this incident, Pfizer challenges the negative effects that Bextra may have had, claiming that large, long-term studies demonstrate that although Bextra and Celebrex are in the same family of Cox-2 inhibitors, that they do not hold the same risk. Pfizer goes on to add that the two smaller studies that show risks associated with Bextra were limited to patients that had undergone open heart surgery and therefore, do not represent the risks to the average patient.
At a major medical meeting, two leading researchers presented evidence that Bextra carries the same elevated risk of heart attack and stroke as other Cox-2 inhibitors. They criticized Pfizer for failing to notify the public of the scientific data relating to its risks. In turn, Pfizer said the findings were flawed. Although the effects of Bextra remain an immense debate, medical experts have and will continue to raise questions about the safety of Bextra and this class of medicines.
by: Scott Montgomery
For years, Merck has been under scrutiny for a number of drugs, most recently Vioxx. The recall of Vioxx has shares down by more than 40 percent and facing hundreds of lawsuits that could cost them billions of dollars. However, Merck is not alone in the scrutiny that this pharmaceutical company faces. Pfizer, the maker of Bextra and Celebrex, painkillers in the same family as Vioxx, is facing similar legal problems. The question being asked is whether Bextra and Celebrex increase the risk of heart attack and stroke.
Although Pfizer has avoided much of the negative publicity in newspapers and radio as compared to Merck, the question still stands as to whether the problems with Vioxx extend to similar medicines taken by millions of consumers. Although these pharmaceutical companies claim to have drugs that relieve chronic arthritis pain without causing ulcers, what other side effects may be the result?
Susan Raymond is filing a suit claiming her husband, age 46, died from a heart attack after taking Pfizer’s Bextra for only 10 months. Jerrold Parker, an attorney at Parker & Waichman in Great Neck, N.Y. will be representing her.
Despite this incident, Pfizer challenges the negative effects that Bextra may have had, claiming that large, long-term studies demonstrate that although Bextra and Celebrex are in the same family of Cox-2 inhibitors, that they do not hold the same risk. Pfizer goes on to add that the two smaller studies that show risks associated with Bextra were limited to patients that had undergone open heart surgery and therefore, do not represent the risks to the average patient.
At a major medical meeting, two leading researchers presented evidence that Bextra carries the same elevated risk of heart attack and stroke as other Cox-2 inhibitors. They criticized Pfizer for failing to notify the public of the scientific data relating to its risks. In turn, Pfizer said the findings were flawed. Although the effects of Bextra remain an immense debate, medical experts have and will continue to raise questions about the safety of Bextra and this class of medicines.
Lawsuit Cash Advances – Key Points
Lawsuit Cash Advances – Key Points
by: Michael Merten
In recent years people who have been involved in personal injury accidents have discovered that they can receive a lawsuit cash advance against the proceeds they ultimately receive from a personal injury accident settlement. For the person who is injured enough from an accident so as to be unable to work and earn a living, a lawsuit cash advance may provide a very timely financial solution for the cash flow problems the person may currently face. Nevertheless it is always wise to know beforehand what a person is getting themselves into before they apply for a lawsuit cash advance.
A lawsuit cash advance is not a loan but a participation in a personal injury legal settlement that the victim of a personal injury accident will most likely, ulitimately receive. If the injured victim who receives the lawsuit cash advance for whatever reason doesn’t receive a cash settlement from their case, they owe nothing and the company that provides the lawsuit cash advance receives nothing. This means that, like any underwriter, the provider of the lawsuit cash advance must determine what the likelihood is of ultimately receiving payment for the cash they advance and charge accordingly. Because of the nature of the lawsuit cash advance, normal interest rates will not apply, so the provider will most likely charge more for the lawsuit cash advance than a traditional lender would.
The fees charged for lawsuit cash advances can vary significantly. Typical fees for automotive cases are 3.0% per month and for medical malpractice cases 5.5% per month. Nevertheless it is not uncommon for some companies to charge a low entry fee to get business through the door and then charge additional, hidden fees to the personal injury accident victim.
Many companies say they will provide a lawsuit cash advance within 24-48 hours, but actual application times can vary greatly and are subject to the extent of the documentation required from the personal injury accident victim along with other factors. And it is important to realize that a company that approves an application too quickly may be charging the client through the roof to compensate for their less than stringent underwriting requirements.
The business of providing lawsuit cash advances to personal injury accident victims also has its share of brokers. A person is best off if they can find a company that provides the actual funding for lawsuit cash advances and deal with them directly. Otherwise the fee that a broker charges will be added to the fee the provider of the lawsuit cash advance receives from the personal injury accident victim.
A lawsuit cash advance is a potential cash resource that a person should consider if they have been involved in a serious accident and all other financial resources are depleted or unavailable.
by: Michael Merten
In recent years people who have been involved in personal injury accidents have discovered that they can receive a lawsuit cash advance against the proceeds they ultimately receive from a personal injury accident settlement. For the person who is injured enough from an accident so as to be unable to work and earn a living, a lawsuit cash advance may provide a very timely financial solution for the cash flow problems the person may currently face. Nevertheless it is always wise to know beforehand what a person is getting themselves into before they apply for a lawsuit cash advance.
A lawsuit cash advance is not a loan but a participation in a personal injury legal settlement that the victim of a personal injury accident will most likely, ulitimately receive. If the injured victim who receives the lawsuit cash advance for whatever reason doesn’t receive a cash settlement from their case, they owe nothing and the company that provides the lawsuit cash advance receives nothing. This means that, like any underwriter, the provider of the lawsuit cash advance must determine what the likelihood is of ultimately receiving payment for the cash they advance and charge accordingly. Because of the nature of the lawsuit cash advance, normal interest rates will not apply, so the provider will most likely charge more for the lawsuit cash advance than a traditional lender would.
The fees charged for lawsuit cash advances can vary significantly. Typical fees for automotive cases are 3.0% per month and for medical malpractice cases 5.5% per month. Nevertheless it is not uncommon for some companies to charge a low entry fee to get business through the door and then charge additional, hidden fees to the personal injury accident victim.
Many companies say they will provide a lawsuit cash advance within 24-48 hours, but actual application times can vary greatly and are subject to the extent of the documentation required from the personal injury accident victim along with other factors. And it is important to realize that a company that approves an application too quickly may be charging the client through the roof to compensate for their less than stringent underwriting requirements.
The business of providing lawsuit cash advances to personal injury accident victims also has its share of brokers. A person is best off if they can find a company that provides the actual funding for lawsuit cash advances and deal with them directly. Otherwise the fee that a broker charges will be added to the fee the provider of the lawsuit cash advance receives from the personal injury accident victim.
A lawsuit cash advance is a potential cash resource that a person should consider if they have been involved in a serious accident and all other financial resources are depleted or unavailable.
Lawsuit Loans
Lawsuit Loans
by: Wensley McKenney
Lawsuit Loans which are also known as pre settlement cash advances allow a financially strapped plaintiff to access a portion of their future legal settlement to pay today’s necessary living expenses. Personal Injury and worker compensation lawsuits can take years to resolve and large insurance companies have the financial strength to legally delay the process which can financial ruin an injured claimant who is looking for a fair settlement offer.
Companies like Global Financial (http://www.glofin.com) offer cash advances against all types of Personal Injury & Worker Compensation claims. It works like this: Global Financial will review the merits of an applicant’s legal claim and determine the chance & size of a financial recovery. They then offer the claimant a small percentage of the total value of their claim in return for an assignment of a portion of the potential future proceeds in the claim. If there is no financial recovery from the claim then the funding company receives nothing. This makes lawsuit loans very risky and actually a venture capital investment rather than an actual loan as the names suggests.
The fees charge by lawsuit loan companies can vary dramatically but it is usually best to stick with the larger companies, like Global Financial (http://www.glofin.com) because they work on larger volumes and lower pricing. Usually a funding company will charge either a monthly fee or a flat fee depending on the risk associate with the claim.
It is my personal opinion that a claimant should ask themselves one question before applying for a cash advance against their pending claim. Will the advance that I receive pay immediate and necessary living expense? If the answer is yes then you should accept a cash advance and continue with your legal claim. If the answer is no then it might be wise to hold off and wait before applying for a lawsuit loan or cash advance against your pending claim. In addition, a lawsuit loan may be a very important tool when the defendant’s insurance carrier decides to make a low ball offer for settlement in the claim. You can then use a lawsuit loan as a financial tool to say no to the low ball offer and have the financial strength to wait for a higher and fairer settlement.
Lawsuit Loans have been trademarked by Global Financial as "Lawsuit Insurance" because they offer insurance like protection to plaintiffs in the event that their claim is unsuccessful. If a plaintiff takes a cash advance against their pending legal claim and their claim is unsuccessful then they get to keep the money that was advanced to them. Thus the cash advance guarantees that their claim will be financially successful either by way of the cash advance or by way of settlement or judgment.
by: Wensley McKenney
Lawsuit Loans which are also known as pre settlement cash advances allow a financially strapped plaintiff to access a portion of their future legal settlement to pay today’s necessary living expenses. Personal Injury and worker compensation lawsuits can take years to resolve and large insurance companies have the financial strength to legally delay the process which can financial ruin an injured claimant who is looking for a fair settlement offer.
Companies like Global Financial (http://www.glofin.com) offer cash advances against all types of Personal Injury & Worker Compensation claims. It works like this: Global Financial will review the merits of an applicant’s legal claim and determine the chance & size of a financial recovery. They then offer the claimant a small percentage of the total value of their claim in return for an assignment of a portion of the potential future proceeds in the claim. If there is no financial recovery from the claim then the funding company receives nothing. This makes lawsuit loans very risky and actually a venture capital investment rather than an actual loan as the names suggests.
The fees charge by lawsuit loan companies can vary dramatically but it is usually best to stick with the larger companies, like Global Financial (http://www.glofin.com) because they work on larger volumes and lower pricing. Usually a funding company will charge either a monthly fee or a flat fee depending on the risk associate with the claim.
It is my personal opinion that a claimant should ask themselves one question before applying for a cash advance against their pending claim. Will the advance that I receive pay immediate and necessary living expense? If the answer is yes then you should accept a cash advance and continue with your legal claim. If the answer is no then it might be wise to hold off and wait before applying for a lawsuit loan or cash advance against your pending claim. In addition, a lawsuit loan may be a very important tool when the defendant’s insurance carrier decides to make a low ball offer for settlement in the claim. You can then use a lawsuit loan as a financial tool to say no to the low ball offer and have the financial strength to wait for a higher and fairer settlement.
Lawsuit Loans have been trademarked by Global Financial as "Lawsuit Insurance" because they offer insurance like protection to plaintiffs in the event that their claim is unsuccessful. If a plaintiff takes a cash advance against their pending legal claim and their claim is unsuccessful then they get to keep the money that was advanced to them. Thus the cash advance guarantees that their claim will be financially successful either by way of the cash advance or by way of settlement or judgment.
Legal Service In Poland
Legal Service In Poland
by: Andrew F. Philips
Do you have any debtor or any legal problems in Poland or in East Europe ? Do you want to start a business in Poland or East Europe ? Are you going to invest in Poland ? We may help you.
Why does it pay to invest in Poland ?
1. Poland has the biggest apartment market among the new EU members.
2. The price level in the most expensive town - Warsaw (average ca. 1100 EUR per sq meter) is still low in comparison with other EU states.
3. Poland is going to face systematic increases in apartment prices – only last year the prices increased by over 12%. A systematic increase in prices by ca. 10% annually is foreseen.
4. Migration to the biggest towns. Large discrepancies between salaries in big towns (particularly Warsaw) and the rest of the country result in permanent strong inflow of population (new clients) to these towns. The surveys show that 60% of the purchasers of new apartments in Warsaw are persons who were not born there. Other promising markets are Krakow, Wroclaw, Tricity ( Gdansk, Gdynia, Sopot) and Poznan.
5. Low quality of apartments built under the socialist regime. In 15-20 years first demolitions will take place. At the same time, the purchasers prefer buying newly built apartments. This ensures permanent demand for the currently built apartments for many years.
6. Strong, systematic increase in GDP, on average by ca. 5% during the last decade.
7. Systematic increase in real salaries results in increase in purchase power of the Poles.
8. The perspective of joining the EURO zone increases confidence in the Polish currency which remains stable and even gains in strength in relation to Euro. At the same time Poland is one of few states that did not experience currency crisis.
9. Huge potential of the apartment market. The level of apartment loans in relation to GDP in Poland does not exceed 5% of GDP as compared to almost 50% in the EU.
10. Unlike purchase of other property, purchase of apartments by the foreigners is free of any permission.
by: Andrew F. Philips
Do you have any debtor or any legal problems in Poland or in East Europe ? Do you want to start a business in Poland or East Europe ? Are you going to invest in Poland ? We may help you.
Why does it pay to invest in Poland ?
1. Poland has the biggest apartment market among the new EU members.
2. The price level in the most expensive town - Warsaw (average ca. 1100 EUR per sq meter) is still low in comparison with other EU states.
3. Poland is going to face systematic increases in apartment prices – only last year the prices increased by over 12%. A systematic increase in prices by ca. 10% annually is foreseen.
4. Migration to the biggest towns. Large discrepancies between salaries in big towns (particularly Warsaw) and the rest of the country result in permanent strong inflow of population (new clients) to these towns. The surveys show that 60% of the purchasers of new apartments in Warsaw are persons who were not born there. Other promising markets are Krakow, Wroclaw, Tricity ( Gdansk, Gdynia, Sopot) and Poznan.
5. Low quality of apartments built under the socialist regime. In 15-20 years first demolitions will take place. At the same time, the purchasers prefer buying newly built apartments. This ensures permanent demand for the currently built apartments for many years.
6. Strong, systematic increase in GDP, on average by ca. 5% during the last decade.
7. Systematic increase in real salaries results in increase in purchase power of the Poles.
8. The perspective of joining the EURO zone increases confidence in the Polish currency which remains stable and even gains in strength in relation to Euro. At the same time Poland is one of few states that did not experience currency crisis.
9. Huge potential of the apartment market. The level of apartment loans in relation to GDP in Poland does not exceed 5% of GDP as compared to almost 50% in the EU.
10. Unlike purchase of other property, purchase of apartments by the foreigners is free of any permission.
Accident Solicitor - You're Not Alone Anymore
Accident Solicitor - You're Not Alone Anymore
by: Mohammad Latif
How many times did you feel cheated or abused by companies which had used any available trick to gain your claim? Are you tired with all the sale tricks and sophisticated jargon? Well, you don't have to deal with it on your own anymore! An accident solicitor will take care of your case.
Their job is to guide you through the meanders of law and help you claim your legal compensation. A solicitor can help you with your accident claim and solve your problems much easier and faster than if you tried to do it by yourself. Step by step, shall the specialists guide you through the process of claiming your compensation: injury assessment, medical reports, court case and final agreement.
And how much will you pay for all of it? Zero!
No win - no fee!
What would be the use of an accident solicitor if you had to pay him for nothing, especially when it wasn't your fault? It's even more an important question if you can't work and fees are an issue. You need to use a service based on 'no win no fee' agreement. It simply means that if you lose your case, you don't pay anything. And it's gets better: if you win, you gain all the compensation and the fee is recovered from the third party! This solution is both comfortable and safe for you.
Not only you don't pay the fee, but all the process of your claim is taken care off as well. Fees and bills are taken care off. From the initial contact to the final accident compensation settlement - you get all of it for free. No small print, no strings attached!
In Black And White
What's the use of an advisor if you don't understand what they're saying? Solicitors should explain all the nuances of the case in simple English, without any annoying jargon. Without catches or tricks, you get 100% of your accident compensation and they should take all the risk. Fees are paid only if your case is won and it is paid by the losers or their insurance company. An accident solicitor also pays all the costs of medical reports, court fees and any other expenses - none of these are deducted from your compensation. It is really that easy!
No Work - No Money?
If the accident results you being unable to work, the accident compensation may be the only money you can count on, so it's twice as important to claim it. You don't have to leave with empty pockets. Also, as being injured, dealing with the bureaucracy is even harder and more troublesome than usual. Why would you bother with the problems all by yourself? This is when an accident solicitor comes in to help.
No Stress!
Accidents themselves are painful enough, so do you really want to add the inconvenience of handling everything on your own? Let them do the work - they are the professionals and they should be there for you.
The perspective of a court case is never pleasant but with the help of an accident claim solicitor it may be avoided. If both sides agree with the accident facts, the claim can be settled without any court action, which makes it much faster and less inconvenient. What's also very important, the service prepared should be streamlined to make it comfortable as possible for you as a client. All the work should be done for you, so you don't have to worry about anything.
Any Doubts?
If you have any questions about the services of an accident solicitor, just ask them. Asking questions will make the path clear for you.
by: Mohammad Latif
How many times did you feel cheated or abused by companies which had used any available trick to gain your claim? Are you tired with all the sale tricks and sophisticated jargon? Well, you don't have to deal with it on your own anymore! An accident solicitor will take care of your case.
Their job is to guide you through the meanders of law and help you claim your legal compensation. A solicitor can help you with your accident claim and solve your problems much easier and faster than if you tried to do it by yourself. Step by step, shall the specialists guide you through the process of claiming your compensation: injury assessment, medical reports, court case and final agreement.
And how much will you pay for all of it? Zero!
No win - no fee!
What would be the use of an accident solicitor if you had to pay him for nothing, especially when it wasn't your fault? It's even more an important question if you can't work and fees are an issue. You need to use a service based on 'no win no fee' agreement. It simply means that if you lose your case, you don't pay anything. And it's gets better: if you win, you gain all the compensation and the fee is recovered from the third party! This solution is both comfortable and safe for you.
Not only you don't pay the fee, but all the process of your claim is taken care off as well. Fees and bills are taken care off. From the initial contact to the final accident compensation settlement - you get all of it for free. No small print, no strings attached!
In Black And White
What's the use of an advisor if you don't understand what they're saying? Solicitors should explain all the nuances of the case in simple English, without any annoying jargon. Without catches or tricks, you get 100% of your accident compensation and they should take all the risk. Fees are paid only if your case is won and it is paid by the losers or their insurance company. An accident solicitor also pays all the costs of medical reports, court fees and any other expenses - none of these are deducted from your compensation. It is really that easy!
No Work - No Money?
If the accident results you being unable to work, the accident compensation may be the only money you can count on, so it's twice as important to claim it. You don't have to leave with empty pockets. Also, as being injured, dealing with the bureaucracy is even harder and more troublesome than usual. Why would you bother with the problems all by yourself? This is when an accident solicitor comes in to help.
No Stress!
Accidents themselves are painful enough, so do you really want to add the inconvenience of handling everything on your own? Let them do the work - they are the professionals and they should be there for you.
The perspective of a court case is never pleasant but with the help of an accident claim solicitor it may be avoided. If both sides agree with the accident facts, the claim can be settled without any court action, which makes it much faster and less inconvenient. What's also very important, the service prepared should be streamlined to make it comfortable as possible for you as a client. All the work should be done for you, so you don't have to worry about anything.
Any Doubts?
If you have any questions about the services of an accident solicitor, just ask them. Asking questions will make the path clear for you.
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