All You Need To Know About The Employer Identification Number

by akhil shahani The days of business planning, incorporation and start-up pains are over. Everything is set for you to start off your new business. Just when you think all the paperwork is done, the Employer Identification Number stares you in the face. What is it? Well, you know that any business entity is required to file tax returns every year. Will your Social Security number suffice for that? Not quite. Unless you are the only person working in the business, you need to get an identification number for your enterprise. This is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States for the purposes of identification. When the number is used only for identification, it is usually referred to as Tax Identification Number (TIN) and when used for the purposes of reporting employment taxes, it is known as Employer Identification Number (EIN). So, it’s clear that all new businesses need to obtain an EIN. The only exception is for sole proprietorships which do not have any other employees. However, it is a good idea even for sole proprietors to obtain an EIN, so that they can use it instead of their personal Social Security number on bank accounts and legal paperwork. Confused? We’ll make it easier for you. You need an EIN: 1. When you have employees in your company 2. When you purchase an ongoing business 3. When you change your organization type - for example from a sole proprietorship to partnership or corporation 4. When want to hold different accounts in your bank and use EINs for your business and Social Security number for your personal accounts 5. When you have a qualified retirement plan 6. When you file any of these tax returns: o employment o excise o alcohol, tobacco and firearms The EIN is specific to a particular business and you cannot transfer it if you sell or otherwise divest your company. It is very much like your Social Security number which is specific to each individual, and is usually written in the form 00-0000000. To obtain an EIN for your company, you have to file Form SS-4, which is the prescribed application format, with the Internal Revenue Service (IRS). The forms are available at all IRS and Social Security offices. You can apply for it over phone, fax, mail or online. There is no application fee but the form can take several weeks to process depending on how you ask for it. You may also have to apply for a state EIN in states that charge their own income tax. If you do not have your EIN by the time a return is due, write "Applied for" and the date of the application in the space shown for the number. Do not use your social security number in place of your EIN. With that out of the way, you are truly set to be in business! Hi, I'm Akhil Shahani, a serial entrepreneur who wants to help you succeed. If you like to work smart, check out http://www.SmartEntrepreneur.net . It's full of articles and resources to help you start and grow your business successfully. Please visit us & download our special "Freebie of The Month" at http://www.smartentrepreneur.net/freebie-of-the-month.html Article Source: ArticleRich.com

Staying Prepared With Unemployment Insurance

by Joe268

Unemployment insurance is intended to be a social insurance program that provides temporary benefits to unemployed workers, and imposes payroll taxes on covered employers. It was created in response to the Great Depression, when millions lost their jobs. It was legalized in 1935 as a part of the Social Security Act. Benefits of Unemployement Insurance: Unemployment insurance replaces a part of your income when you lose your job, for no fault of your own. If your employer has laid you off, then you are potentially eligible to collect the benefits for at least 26 weeks, until you are recalled, find another job or leave the workforce. In general, the amount of benefit is based on the percentage of earning of an individual, over a recent period of 52 weeks. Many unemployed workers are also provided 50 to 60 percent of their previous wages, but this would depend on the state they live in. Each state in the US works on a different unemployment insurance plan, while the federal law determines the guidelines of each program. This insurance makes sure that the purchasing power of the citizen is maintained. The money for providing these benefits comes from the tax that is imposed on the employers. No contribution comes from the wages of employees. Some States may provide additional benefits for some specific purposes. Eligibility For Insurance Benefits: The state law determines the eligibility, amount, and the length of time the benefits will be available to an individual. The amount of benefit depends on the kind of work that you have performed. Your recent work record for a period of 12 months is known as the base year. The claim for unemployment insurance will be based on this base year. In Oregon, 104 dollars per week is the minimum benefit. The maximum benefit a worker can receive is 445 dollars per week. If your wages are 8,112 dollars during the qualifying period, you can become eligible for benefits for 26 weeks. In case of lower qualifying wages, however, you will receive just one third of the amount. If you want to file a claim for unemployment insurance you need to contact the State Unemployment Insurance agency as soon as possible. You can also file it on the Internet or by telephone. You will receive your first benefit check within two to three weeks of filing the claim. Some states have a waiting period of one week. It is important to give all the information about your former employment when you file the claim, to ensure that the process is not delayed. The eligibility for collecting additional benefits starts after an unemployed worker has exhausted other unemployment insurance benefits. The State agency can offer you advice on your eligibility for these additional benefits. Reasons for Disqualification: If your reason for staying out of a job is because of something other than the lack of work opportunities, then the State agency will determine if you are eligible for the benefits or not. In case of a disqualification, you can file an appeal within an established period. Your employer can also file a counter appeal if he/she disputes the genuineness of your eligibility. Therefore, if you are eligible for unemployment insurance, then get in touch with the State Unemployment Insurance agency as soon as possible to be able to overcome the financial crisis that results from being unemployed.

About the Author

Joseph Kenny writes for UK Loans Store and more information on different loan types available on site. Visit Today: http://www.ukpersonalloanstore.co.uk/

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Resume Writing - How To List Your Certifications and Licenses

by Tradepla

Your resume is a compilation of your professional life; from your education to summer internships, from publications to technical skills, it is critical that your resume includes anything that would help you get the job that you are interested in. Most professionals make a mistake of focusing on experience and education only. As a result, they disregard any additional information, such as certifications they have in their field, that would enhance their qualifications and assure that they stand out from the competition. Any professional certifications and licenses that impact your career and your ability to do your job should be listed on your resume. This concept is straight forward for those professionals who cannot actually perform their jobs without having a license to do so. This is the case for teachers, real estate agents, medical professionals, etc. If you are in a profession that requires specific certifications and/or licenses, your resume should contain a section specific to this information. The heading should state Professional Certifications or Professional Licenses.You should list, in reverse chronological order, any certifications and licenses that you have acquired in your professional experience. However, it is a lot harder to consider this information and include it on your resume if your professional field doesn't require any certifications or licenses. For example, having a certificate from a seminar on managing multiple projects may not be required in order for you to do your job effectively. However, such a certificate can be very helpful in virtually any field, and if included on your resume, it can help you stand out from the crowd of available professionals and catch the employer's attention. Consider any courses or training seminars you attended in your professional career.Don't forget to include any courses you may have taken as part of the training at a current or at a previous job. For example, if you have completed a course on using Microsoft Access Database as part of the training on your current job, and you know that you will be required to work with this program in a new position that you are seeking, make a note of this on your resume. Treat the list of licenses and certifications as you do your professional experience; make a list, in reverse chronological order, and consider which of the items you listed are relevant to your professional goals. Your resume should have no more than five most recent certifications and licenses. List the date when the certificate or license was obtained; if you took a course over time, for example, indicate the completion date in form of month and year only. he exact name of the certificate or the license should be listed, along with an issuing organization. No additional information is necessary for this area of your resume. Additionally, make sure to highlight any certification and licenses in the cover letter if they promote your qualifications for the job you are seeking. If the listing of licenses or certifications is lengthy, you can include this information on a separate sheet of paper. You should always list a few most recent items; however if the listing exceeds five items, let the potential employer know that additional information is available upon request.Your resume or your cover letter can point out this information, as well as highlight only those elements that promote you as the best candidate for the job.

About the Author

1000s of Career,Employment,Income,Jobs & Recruitment.Click Here - WorldCareerPages.com, WorldEmploymentPages.com, WorldIncomePages.comand

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A Modern Guide To Successful Job Search

by dominic donaldson

If we are to believe the experts then the first few months of the year are the best time to start a new job search. Employers are looking forward to the future and potential employees are putting the past behind them, making New Year's resolutions and making a concerted effort to improve their lot in life by looking for a new, better job. For these reasons there is often a flurry of activity in job market with newspapers and websites promoting the number of jobs they are advertising.

We all want to get on in life and having a better job with improved pay and conditions is the key area to achieving this. So where do you start with a job search and, more importantly, how do you make a success of it?

A job search isn't something that should be done half heatedly. The more effort you put into it the more you will get out of it. Perhaps the key word when starting out is discipline;. You need to be disciplined in your approach and methodical in the way you carry out your search. There are a number of good points that can help you achieve your goal and the amount of time and effort you put into each will determine how successful you are.

Organise - If you are not organised in the way you approach a job search you may as well not even start. Organisation is the key to most things in life and looking for a better job is no exception. From day one you should make yourself some ground rules and then stick to them; be disciplined. To start with make a list of the areas that you will look at in your job search. Ask yourself if you want a complete change or want to remain in the same area. Whatever you decide try to focus on that particular area. If your energy is spent looking at other areas that, ultimately, you will reject anyway, then you are wasting your time.

CV - The CV, or curriculum vitae, is the first thing a potential employer will receive from you. It's how they will get their first impression of you and even if it is just a piece of paper it is the only evidence on which a potential employer has to base his decision on whether to give you an interview or not. Make it count. Your CV needs to be informative with personality. Do not leave any spaces or gaps and don't include unnecessary detail. Think of it as getting someone's attention in the same way a newspaper headline or a business card would. Once you've got their attention you're likely to get an interview, that's your opportunity to go into detail.

Newspapers & Internet - Regularly check the local and national press for job opportunities. Think of your job search as a job in itself and dedicate your time accordingly. If you put the hours in you' ll see the return. Your ideal job may only be advertised 2 or 3 times a year. Make sure you're poised when it does get advertised. Also search the Internet, many companies now only advertise on the net for financial reason or because they want people who are computer literate.

Sign up for email alerts and newsletters on the sites that offer them, that will mean that you've got other people helping you in your job search. It will also show a potential employer that you have initiative.

Aim High - Finally, don't be afraid to apply for jobs that you don't feel you have enough qualifications or experience for. Most people going for new jobs can do 80% of the work from day 1 but require training to fulfil the other 20%. Employers will factor this into any decision they make.

About the Author

Dominic Donaldson is an expert in the recruitment industry. Find out more about successful job search and finding employment.

Article Source: Content for Reprint