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Fri Sep 23, 2005
THE BASIS FOR SOCIAL SECURITY BENEFITS
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There are certain bases which the Social Security use in order to determine the amount of benefits to be released for each of their member. The Social Security Benefit is based on factors such as date of birth of members, the type of benefit applied for, the amount of earnings and the length of employment. All these factors are considered in determining the Social Security Benefits and the Medicare benefits. >>>
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Thu Aug 18, 2005
Requirements for Forming a Corporation
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A corporation is the biggest type of business entity. So how does one creates one of these giants? But first it is important to define the term CORPORATION- a corporation is an artificial legal entity which is chartered by a state and formed to conduct business. A corporation is completely a distinct and separate entity from its owners, it has its own life and can be held liable for any debts that it may incur. A corporation is also required by law to pay its own taxes. >>>
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Mon Jul 25, 2005
About Trusts, Trustees and Beneficiaries
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A Trust is a well recognized type of legal entity which is used to hold legal titles of properties for the benefit of one or more persons. The person who makes the Trust is called the Trust Creator or Grantor and the person or the institution holding the Trust is called the Trustee. >>>
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Sun Jul 17, 2005
SOCIAL SECURITY IN FOCUS
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Just what is Social Security? Social Security is an agency directed to provide benefits that would act as a safety net for all citizens covered by it. Social Security is not only concerned with retirement benefits for its members alone but also covers those who are disabled, dependent for support upon members of Social Security, widow and widower, a child of a member or a beneficiary of a member who died but who is entitled to receive a benefit. However, the benefits to be given depend on whether you satisfy all the requirements set by the Social Security. >>>
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Mon Mar 28, 2005
ITSPA Advises Small to Medium-Size Businesses to Secure Technology that Will Meet New HIPAA Standards
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On April 20, thousands of small to medium-sized businesses (SMBs) will have to comply with the new regulations required by the Health Insurance Portability and Accountability Act, or HIPAA, that protect the electronic security of patient records, advised the Information Technology Solution Providers Alliance (ITSPA), a national, non-profit alliance that helps SMBs understand how technology and local technology providers can help them succeed. >>>
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Mon Nov 29, 2004
New Tax Bill Provides Smaller Businesses With Money-Saving Breaks
With the passage of the "American Jobs Creation Act of 2004" (H.R. 4520) in October, U.S. small to medium-sized businesses (SMBs) gained important tax benefits, stated the Information Technology Solution Providers Alliance (ITSPA), a national, non-profit alliance that helps SMBs understand how technology and local technology providers can help them succeed.
"Perhaps the most critical part of the Act was Section 179, which retained the provision that SMBs can write off $100,000 in new equipment purchases," said ITSPA President Russell Morgan. "Although a tax law in 2003 had raised this amount from $25,000 to $100,000, it was scheduled to fall back to $25,000 in 2006. Fortunately, the limit will remain at $100,000 through 2007.
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Mon Aug 23, 2004
SMBs That Handle Customers' Money Must Comply With Gramm-Leach-Bliley Act
Like the nation's largest financial institutions, millions of SMBs are required by law to protect consumers' personal financial information. The Federal Trade Commission considers any business that works with customers' money a financial institution, and financial institutions must comply with the Gramm-Leach-Bliley (GLB) Act, which protects consumers' nonpublic personal information.
Before passage of the GLB Act in 1999, banks and other financial firms shared confidential customer transaction material with affiliates and telemarketers. This sharing often resulted in consumer privacy invasions, identity theft, junk mail, telemarketer calls, and even stalking.
The GLB applies both to financial institutions that collect customer information and to companies that receive customer information from other financial institutions. SMBs must be extremely careful not to reveal or share nonpublic personal information such as customers' names, addresses, Social Security numbers, or account numbers. Similarly, SMBs should not reveal information found in customer credit reports or applications, or facts taken from legal documents pertaining to summons, bankruptcies, or divorces. >>>
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Wed Aug 11, 2004
Incentive Compensation Management Solutions Are Important Compliance Tools
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According to two recently published reports by leading research firms, automated incentive compensation management solutions greatly reduce the risks associated with manual or spreadsheet-based compensation plans and optimize Sarbanes Oxley (SOX) reporting. >>>
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Wed Mar 03, 2004
E-MAIL MARKETING: THE NEW RULES
After five years of hearings and false starts, Congress this month finally passed the first federal law regulating e-mail marketing—the CAN-SPAM bill, short for “Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003.” The new law goes into effect January 1, 2004, preempting an ill-conceived California anti-spam law and dozens of other state regulations. >>>
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