How to Deal with Work-Related Accidents

Written by Mart Gil Abareta

Having been involved in a personal injury in your workplace can really be embarrassing. It can bring you psychological stresses which are truly hard to deal with. Amongrepparttar most difficult effect of these incidents is mental distress. In this case, it may be hard for you to calculaterepparttar 144747 exact amount that youll ask for compensation forrepparttar 144748 psychological trauma that you have suffered from a work-related accident. Therefore, it is recommended that you contact a lawyer who can protect you from tricky plans of your employer especially when your case is still inrepparttar 144749 court.

If youve been physically injured in your workplace, your first priority is to rest well and recover faster. Regardless of whether or not youll pursue an injury claim in court, you really have to recover first. However,repparttar 144750 process of recovery can be a bit hard for those employees who only receive minimum wages. Luckily, there are worker compensation laws that have been enacted to defendrepparttar 144751 rights of those injured on their jobs.

During therapy, be ready to have a big blow in reclaiming your good spirits and responsiveness. Depending onrepparttar 144752 type of damages that you have received, you might be able to placerepparttar 144753 accident behind you easily. However, you must not mistakenly keep inside what has happened from really getting over it. There are lots of similar cases where an injured employee has recovered easily but has experienced later some signs related to mental distress that he has endured fromrepparttar 144754 accident.

S Corporation What Is It?

Written by Richard A. Chapo

For many small businesses,repparttar S corporation isrepparttar 144609 business entity of choice. The S in S corporation refers to a tax designation. All corporations are createdrepparttar 144610 same way under state law. A small business must then chose a tax status, to wit, C, S or non-profit. Important issues concerning S corporations are covered in this article.

C Corporation v. S Corporation

Federal tax laws automatically consider every corporation to be a C designation. A small business, however, may elect to be designated as an S corporation by filing IRS form 2553. The election must be made prior torepparttar 144611 tax year in which it is going to be effective. All shareholders must signrepparttar 144612 election.

A C corporation stands alone for tax purposes. It must file tax returns and pay taxes on profits. Profits and losses are reported onrepparttar 144613 corporate tax return and do not pass through to shareholders. C corporations can elect any calendar month asrepparttar 144614 end of their fiscal year.

An S corporation is a pass through entity for tax purposes. It does not file a tax return forrepparttar 144615 purpose of paying taxes, but does file information returns. All profits and losses are passed through torepparttar 144616 shareholders. In turn, each shareholder reportsrepparttar 144617 profit or loss on his or her individual tax returns in proportion to their ownership interest. For instance, if you own 30% ofrepparttar 144618 total issued shares, 30% ofrepparttar 144619 profits or losses must be reported on your personal tax returns. S corporations must have a fiscal year-end of December 31. If you intend to eventually take your business public, you cannot use an S corporation.

Cont'd on page 2 ==> © 2005
Terms of Use