Sunday, September 30, 2012

Payroll Ohio, Unique Aspects of Ohio Payroll Law and Practice

The Ohio State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of Taxation
P.O. Box 2476
Columbus, OH 43266-0076
(614) 433-7887
(888) 405-4039

Ohio requires that you use Ohio form "IT-4, Employee's Withholding Exemption Certificate" instead of a Federal W-4 Form for Ohio State Income Tax Withholding.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Ohio cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In Ohio supplemental wages are taxed at a 3.5% flat rate.

You may file your Ohio State W-2s by magnetic media if you choose to.

The Ohio State Unemployment Insurance Agency is:

Ohio Department of Job and Family Services
Unemployment Compensation Division
52 Robinwood Ave.
Columbus, OH 43213
(614) 466-2100

The State of Ohio taxable wage base for unemployment purposes is wages up to ,000.00.

Ohio has optional reporting of quarterly wages on magnetic media.

Unemployment records must be retained in Ohio for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Ohio State Agency charged with enforcing the state wage and hour laws is:

Department of Commerce
Division of Labor and Worker Safety
Wage and Hour Bureau
50 West Broad St.
Columbus, OH 43215
(614) 644-2239

The minimum wage in Ohio is .15 per hour (large employers), .35 (medium employers), and .80 (small employers).

The general provision in Ohio concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40-hour week.

Ohio State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:

Employee's name
Employee's address
Employee's date of birth
date of hire
Employee's social security number
Employer's name
Employers address
Employer's Federal Employer Identification Number (EIN)

This information must be reported within 20 days of the hiring or rehiring.
The information can be sent as a W4 or equivalent by mail, fax or electronically.
There is a .00 penalty for a late report and 0 for conspiracy in Ohio.

The Ohio new hire-reporting agency can be reached at 888-872-1490 or 614-221-5330 or on the web at

Ohio does allow compulsory direct deposit but the employee's choice of financial institution must meet federal Regulation E regarding choice of financial institutions.

Ohio has no State Wage and Hour Law provisions concerning pay stub information.

Ohio requires that employee be paid no less often than semimonthly; monthly if allowed by custom of contract and wages paid by first of next month.

Ohio requires that the lag time between the end of the pay period and the payment of wages earned 1st half of month, pay by 1st of next month; wages earned 2nd half of month, pay by 15th of next month.

Ohio has no general provision on when terminated employees must be paid their final wages.

Deceased employee's wages of , 500 must be paid to the surviving spouse, adult children, or parent (in that order).

Escheat laws in Ohio require that unclaimed wages be paid over to the state after one year.

The employer is further required in Ohio to keep a record of the wages abandoned and turned over to the state for a period of 5 years.

Ohio payroll law mandates no more than .02 (less for small and medium employers) may be used as a tip credit.

In Ohio the payroll laws covering mandatory rest or meal breaks are only that minors under 16 must have 30 minutes rest after five hours of work.

Ohio statute requires that wage and hour records be kept for a period of not less than three years. These records will normally consist of at least the information required under FLSA.

The Ohio agency charged with enforcing Child Support Orders and laws is:

Office of Child Support
Ohio Department of Human Services
State Office Tower
30 E. Broad St., 31st Fl.
Columbus, OH 43266-0423
(614) 752-6561

Ohio has the following provisions for child support deductions:

When to start Withholding? 14 working days after the withholding order is mailed to the employer.
When to send Payment? Within 7 days of Payday.
When to send Termination Notice? Within 10 days of termination.
Maximum Administrative Fee? greater of or 1% of payment
Withholding Limits? Federal Rules under CCPA.

Please note that this article is not updated for changes that can and will happen from time to time.

Friday, September 28, 2012

Bin Lookup Database

A bin lookup database offers users a number of benefits. Bin lookup database involves the first six digits of a credit card around which the database is created. Once this database has been filled with records pertaining to individual credit cards, users and merchants have the ability to tap into the database to find information related to credit cards as well as other cards.

Is the card genuine?

When a prepaid card, credit card or debit card or even a gift card is used, merchants can use a bin lookup database to find out whether the card being used is genuine. The bin lookup database involves the Bank Identification Number or BIN. This BIN helps in finding details about the credit, debit, prepaid or gift card being used in a transaction.

Each of the six digits of a card forms a unique combination. Once a merchant or user uses a bin lookup database, it is these digits that will help to unlock the critical information related to the card in question. Merchants can use the information provided by the bin lookup database to find out details which are very useful to them in a number of ways.

The six digit card number will have to be verified to ensure that the card being used in the transaction is valid. If there is something wrong, then the merchant is immediately informed about the suspicious card. With a bin lookup database, it is possible to find information that can almost completely ensure that the transaction is valid.

Easy and straightforward solution

A bin lookup database is very easy and straightforward means of checking the information that a customer provides when ordering goods or services. Any inconsistency in information will result in the bin lookup database throwing out the transaction. This is how merchants can safeguard their interests.

A bin lookup database is a tool that every business needs to make use of. When selling goods and services to buyers via a credit card, there are many risk factors that need to be addressed. Fraudulent transactions can only be prevented with the help of an efficient bin lookup database.

Complete and comprehensive database

An efficient bin lookup database is possible if the database is complete and comprehensive. It must also be updated on a regular basis so that when someone performs a bin lookup database, the information that they need is available and up to date.

If the database is incomplete or not updated daily, there is a risk that the transaction that is fraudulent will be able to get through. There has been a significant rise in credit card, debit card and prepaid card frauds. Businesses that wish to transact safely must invest their time and money in using the best bin lookup database.

The bin lookup database helps to reduce risks from credit card fraud significantly. Furthermore, the bin lookup database also helps in reducing charge back ratios while at the same time also allowing a business to earn higher profits.

This is one of the main reasons why bin lookup database is becoming a part of almost every business. By combating the menace of credit card and other frauds, a bin lookup database is a valuable tool that modern online merchants must use.

Tuesday, September 25, 2012

Home Loans Online With Bad Credit: How To Get The Green Light

Getting a mortgage online is not something many home hunters would initially think of. The funds needed to purchase a home are huge, so borrowers tend to prefer the face-to-face approach. But it is possible to secure a home loan online, with bad credit even failing to ruin the chances of approval.

It is understandable that, when sums as large as 0,000 are being sought, both parties want open discussions on options. But securing mortgage approval online is much faster and easier.

But what does an applicant have to do to get their application for a home loan online approved? In fact, getting the green light comes down to satisfying three key areas.

1. Employment and Income

Proving an ability to make repayments every month is not just a matter of having a large income. The source of the income needs to be secure. It does not matter whether one is applying for a home loan online with bad credit or excellent credit, the lender needs to be convinced repayments can be made for the duration.

While the size of an income is important, it cannot guarantee that long-term ability to pay. Job security, therefore, is more important in the eyes of lenders. When seeking mortgage approval online, it is necessary to prove the job has been held for at least 6 months.

The debt-to-income ratio dictates whether a mortgage is affordable at all, stating no more than 40% of excess income can be used to make repayments. This rule stands even when seeking a home loan online.

2. Credit Score Improvement

When applying for any kind of loan with bad credit, lenders are willing to accept that corners can be turned. So, any sign that the credit score has been improved is warmly welcomed. When seeking a home loan online with bad credit, this factor can prove to be the deciding one.

There are two reasons for this. First of all, a meaningful improvement means improved terms. The interest rates may be lowered, thus lowering the monthly repayment and making the mortgage more affordable. Also, when trying to secure mortgage approval online, an improved credit score tells the lender that the borrower is committed to the project, suggesting defaults are less likely.

How can the credit score be improved? Well, taking out a consolidation loan to clear a number of debts is the best practice. With each debt cleared, the score is adjusted, and the chances of getting the home loan online are improved.

3. Making A Large Down Payment

Down payments are common features of a property deal, with the lump sum generally used to seal matters. But this payment has an additional use too. Since it is a percentage share of the value of the property, the larger the down payment, the smaller the mortgage needs to be. And when getting a home loan online with bad credit, a lower required sum can be invaluable.

A typically down payment is about 10% of the value of the property (representing perhaps ,000) and, if paid, then lowers the required sum to 90% of the value. But a 20% down payment reduces the required mortgage to 80%, making securing mortgage approval online easier.

Of course, saving the lump sum can be a challenge too, which is why some mortgage lenders are willing to grant an 80/20 financing agreement. Effectively, this involves granting 2 loans, but is a viable way to achieve affordable terms when seeking a home loan online.

Monday, September 24, 2012

Use Real Estate Loans To Finance A Commercial Or Residential Property

Real estate is one of the most lucrative investment options. Besides using it for investing, people acquire real estate to have a comfortable and sprawling residence. Real estate is also used to further a person's business and commercial interests. Although enticing, buying a desired real estate is beyond the financial capabilities of most of us. Without the real estate loans to finance the purchase, the dream of owning the real estate would essentially remain unfulfilled.

Real estate loans can be taken to purchase a commercial property or a residential one. Commercial real estate loan can be taken for properties like guesthouses, hotels, restaurants, pubs, shops, nursing homes, warehouses, industrial facilities and leisure resorts etc. Residential real estates loans can be taken for the purchase of mansions, bungalows, farmhouses, apartments and other dwellings.

Real Estate Loans use the property in consideration as the collateral. It means that the borrower has legally agreed to put the real estate as the security for the loan. The lender will be holding the title deed of the real estate with him and the borrower gets it only after he has repaid the entire loan with interest. If under any circumstances the borrower is not able to keep up with the repayment schedule, the lender is free to sell the real estate and recover his amount.

Real estate loans are available for huge amounts. Residential real estate loans can range from 25000 to 100000 and upwards. The commercial real estate loans are capable of funding real estate purchases up to 1000000. Lending amount is restricted by the value of real estate, the repayment capacity of the borrower and his credit history. The APR's (Annual Percentage Rates) on real estate loans range from 6% to 20%. A borrower has the option to choose between a fixed rate and a floating rate interest regime. The real estate loans can be repaid in 30 years. However, the borrower can choose a repayment period of 25, 20, 15 or 10 years. The shorter the repayment period for the real estate loan the lower will be the loan cost. However, the monthly installments towards the repayment will become higher as the repayment term decreases.

Lenders require that the borrower should contribute some percent of the entire value of the real estate. This is known as down payment. Lenders prefer if the borrower is able to put at least 20 % of the total value as the down payment. The balance of the real estate loan will be divided in equal monthly installments according to the repayment term. Paying a higher down payment will result in a smaller loan amount and smaller monthly installments.

Applying for a real estate loan becomes very simple if the online method is used. Online lenders do not have any application fee as compared to regular lenders. In addition to this the online application process is streamlined and does not require hefty documentation. The variety of real estate loans and their repayment options can be easily researched by using the lenders websites.

Whether a borrower gets the best or not on his real estate loan will depend on how carefully he chooses his lender. Since, a real estate loan is a long-term commitment to repay a substantially high amount, any hidden clause or fine print that threatens to drive things in the favor of lender can be detrimental to the borrower's interest. To remedy such a situation a borrower must hire a competent real estate attorney and scrutinize the fine prints carefully. Thus, by negotiating the best deal a person can get the right real estate loan to finance his dreams.

Saturday, September 22, 2012

The Cost of a Business Bankruptcy Attorney

The law on bankruptcy intends to help debtors settle their obligations to their creditors by either managing or liquidating the business. When a firm files for bankruptcy, the court assists them in paying their debts. Hence, during a bankruptcy procedure, all the financial activities of the debtor are under scrutiny by the court. The debts can be paid either by straight liquidation of the firm's assets or a plan for reorganization to enable the firm to keep on operating while the debts are being paid.

The hourly rate for bankruptcy lawyers varies from 0 to 0 an hour. Some lawyers will ask for an advance payment depending on their estimate of how long it will take them to study the case. Others will settle for staggered payments. An attorney could charge from ,000 to ,000 for liquidation bankruptcy but could go as high as ,500 to ,000 for more complicated business liquidations.

An attorney may charge for a reorganization bankruptcy from ,000 to ,000 but this will depend in which state the lawyer practices. In some states, the charge is higher while in others the charge is lower. The charge will also depend on the size of the business, for instance the lawyer may need a more detailed study before coming up with a definite recommendation. For a small business, this could be from ,000 to ,000, for a medium-sized company ,000 to 0,000, and 0,000 to 0,000 for a large business.

The bankruptcy court filing fee is 9 for bankruptcy liquidation and ,039 for bankruptcy reorganization, which will vary from state to state. Depending on the circumstances, the fees can be paid in installments or can be waived altogether for indigent plaintiffs.

Bankruptcy cases are filed in federal courts and not in any state court. The proceedings in court usually take four to six months, but this is only a rough estimate. Cases that are more complicated may take longer and simpler cases may conclude earlier.

Bankruptcy proceedings are an extremely complicated process because all the assets and monies of the debtors have to be closely scrutinized and analyzed. Creditors like bankruptcy proceedings because the negotiations are open and official. That is why a bankruptcy law helps both the debtors and the creditors in settling their obligations. Creditors are willing to compromise on a debt as long as there is hope that the debt would be repaid.

Whether the initial consultation is free or not depends on the lawyer. Some lawyers are fond of giving free advice and others are not. The lawyer will analyze any documents and advise clients on the available options.

It is always important to know the experience and training of a bankruptcy attorney before hiring one. Banks and CPAs may be good sources of information on suitable bankruptcy lawyers, and you can even ask other attorneys for referrals. The American Board of Certification maintains a list of lawyers who specialize in your area. This list of attorneys contains lawyers who specialize in business bankruptcy law, consumer bankruptcy and creditors' rights law, all sorted according to location for easy reference.

Your attorney should be able to provide you with a written fee agreement so that you know what you are paying for. This fee agreement should be determined during the negotiation process and should be included in any general agreements with the lawyer. Lawyers should explain the meaning of the various fees clearly, before providing you with their services.

The Bankruptcy Attorney will definitely help those people if they have filed for bankruptcy so that, the common people do not get over burdened with the debt which will be impossible for them to pay back.Click here for Bankruptcy Attorney.

If you are looking for the best person to advise you on business liquidity issues and insolvency, the best person to do so is a business bankruptcy attorney.Visit for more details.

Wednesday, September 19, 2012

Crystal Wine Glasses Tutorial

If anything is damaging to the health of adult females and kids, I would anticipate it to be hazardous to everybody, even if it is undertaking much less hurt. For the reason that people who use crystal wine eyeglasses every day for their dinnertime consume will be steadily accumulating compact doses of lead, will not they? Most posts do not focus on this, but I would use caution when it comes to lead crystal wine glasses.

The beneficial news is, you really don't will need lead to make glass more obvious. Given that the possible wellness risks involved with crystal glasses arrived to light decades in the past, businesses have elevated manufacturing of non-lead crystal glasses. Though these are not viewed as genuine crystal, they are also extremely brilliant. The most frequent lead substitute utilized is barium oxide, which does not have unfavorable results on overall health of lead.

Despite the hazards, crystal glasses continue on to be offered and persons continue on to acquire them. If you imagine worries about lead in the glass leaching into wine and entering our bodies is overblown, you still have many varieties of crystal wine glasses to pick from. The most nicely acknowledged brand name that has been approximately the longest is Waterford. Waterford crystal glasses are out there in quite a few types and for all distinctive purposes.

Choosing a stemware for ones assortment ought to be basic. You can not be incorrect with crystal champagne glass as nicely as other crystal stemware. It's just a make a difference of thinking of about what sorts of labels are out there. Which of them are recommended, what is new and what's not.

If you are thinking what a stemware is, it is a kind of glass which has a very long, slim stem, in which the glass bowl is positioned. It may well serve as the take care of, applied in between your bowl to the base of your glass. This specific stem is precisely what sets apart this kind of glass from option fashionable glassware. Apart from the distinctive layout of the stem, folks could also avert holding the outside of the bowl which could leave fingerprints, and will also grow the temperature of the consume.

The most well-known stemware in the current market are the wine crystal glasses,brandy snifters, cordial eyeglasses, champagne flute, and also cocktail eyeglasses. They are the most used stemware. Amongst the 5, the champagne flutes (or the crystal champagne glass), and also the wine glasses are the initial types to be ordered.

When picking out wine glasses or a crystal champagne glass, there are a variety of points to be thought to be. Observe that the glasses for individuals favorite red wine characteristic even bigger rims mixed with bowls than all those for the white wine. The darker the wine the greater will the bowl connected to the glass would be. On the contrary, sweeter wine matches a more compact bowl. The importance of this is the fact that huge-rimmed glasses let the wine to breathe though contracted rimmed consuming eyeglasses concentrate the scent of the particles inside of the wine.

Ahead of you decide to try and attain a crystal champagne glass or a wine glass, continue to keep in mind some of these ideas.

Tuesday, September 18, 2012

How To Pay Off Your Credit Card If You Have Poor Self Discipline

You are soon going to realize that your maxed credit card is actually your enemy. It is a monthly expense that you are just not managing to pay down. Every time that you pay the minimum then you remain in the same position. If you pay above the minimum, then at some point during the month you will end up spending the money. A lot of the time, it is not your fault. A lot of the time you simply need the money and have nowhere else to get it from so you put spend the little bit you have on your credit card. Here are a few ways to help yourself out of your debt without getting another load, going to a debt consolidator or without going insolvent.

Cut up your credit card

This sounds like the worst advice on the planet; because there is going to come a time when you desperately need the money you have paid onto it. But, the fact is that if you pay off your credit card, then you will have that money already. Think about it, if you are paying a minimum such as 70 per month then you would have had 70 to spend right now. You would not have to go running to your credit card to spend the 15 of credit you have built onto it because you would already have an extra 70 kicking around you bank account.

Make an extra monthly payment

Every month when you pay your credit card, you should also pay a little bit extra. It can be as low as 10, but try to make it something like 40, which is 10 per week. This extra is what is going to pay off your credit card over time. You will begin to see the benefit in a few months when your monthly minimum payment start to fall.

Make an investment in peer-to-peer schemes

This is a scheme where you can invest your money for a set amount of time, and then reclaim it with interest when it matures. It sounds like a terrible idea because the interest you are going to get will never be as much as the interest on your credit card. But, that is not the point of the exercise; the point is to build up a reasonably large sum that you cannot get your hands on. For example, you could invest 20 per month on a monthly scheme. Every month you get your money back along with a bit of interest. You reinvest that money every month, along with your 20. If you invest in a monthly scheme, then if a big expense does come along then you only have to wait a maximum of a month to gain access to your money.

Start a mini eBay business

Sell your stuff and put the money into buying new and saleable stock. Put your net profits into your credit card. All you need to do is make sure that you do not spend the profits yourself, and keep to the fact that your mini-business is going to pay off your credit card debt. Many times if people have poor self-discipline, they are still good at making money. So use your eBay business to fund your credit card repayment because it will allow you to put effort into paying back your debt instead of just portioning off a bit of your wages every month.

Saturday, September 8, 2012

Obtaining The Best Choice Boat Loans In The Present Day Open To You

Today, you will find some brokers that permit you to make an initial application for a cheap boat finance over the phone. Boat Finance Brokers really are a liason between the customer as well as marine lenders. The application for a loan is passed on to the lender and then the lender's rate is communicated to the potential customer. When the rate of interest and conditions are satisfying, then your loan approval is processed. Many of brokerages entail one to complete a form with personal details, features of the boat which you plan to buy as well as financial information to verify your credit rating. The ease they offer is amongst the best elements concerning the brokers. They can find you the best rates of interest and apply for a low-cost boat loan by doing the comparison searching for you via a network of lenders.

Should you stay some of the sites of companies specializing in economical boat loans, you will find the monetary tools that will aid you calculate your advance eligibility. The quantity of low-priced boat lend that you are suitable for beside with how much down payment you can make will be a crucial part in your alternative of which boat shape to obtain. Prior to starting hunting for a boat, its recommended that you have a pre approval set up. You've the freedom to talk with the traders and work out on goods once you learn how much you can invest. purchasing a boat. It will also spare you the final minute running around to arrange for finance upon having finalized on the boat you wish and also have drafted a purchase agreement. Make sure you understand the terms and conditions of the contract when you enter a boat loan finance. A low-priced boat loan is not only just about one with the lower rate of interest.

Look for concealed charges for instance processing charges etc. You won't want to make application for a boat loan, and than wait for ages to order the boat of your dreams, so also consider the time taken to approve and settle your boat finance. Prior to finalizing with your marine financier, compare and contrast your offers throughout all of these parameters. Find how good their customer service is by meeting with their customer support reps also. It is very important they deal with you well and have the experience to deal with your questions, as you will have a long term partnership with your lender.

You will find chances open to refinance if you currently have a loan at excessive charges. Interest percentages are economical in today's market and chances of low boat loans are plenty. Should you refinance their current interest boat finance to cheap boat finance, you are able to save 1000's of dollars in interest alone over the duration of the finance. If you want to refinance, study and get a brokerage to do some browsing first for cheap boat loans. You will find lenders that provide you low-priced boat loans, even if you have got a bad credit rating. Getting someone to help with your boat purchase, insurance, documentation etc, is yet another benefit of using a professional. To assist you choose the best boat for your requirements, many of them might have in house pros who are able to help.