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Ohio payroll has some unique aspects and conditions. Some of the details and laws are set out in this article including information concerning: tax withholding and reporting; unemployment insurance taxes and reporting; wage and hour laws; and child support withholding.

Payroll Ohio, Unique Aspects of Ohio Payroll Law and Practice

Payroll Ohio, Unique Aspects of Ohio Payroll Law and PracticeThe Ohio State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:Department of TaxationP.O. Box 2476Columbus, OH 43266-0076(614) 433-7887(888) 405-4039www.state.oh.us/taxOhio 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 ServicesUnemployment Compensation Division52 Robinwood Ave.Columbus, OH 43213(614) 466-2100www.state.oh.us/odjfsThe State of Ohio taxable wage base for unemployment purposes is wages up to $9,000.00. 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 CommerceDivision of Labor and Worker SafetyWage and Hour Bureau50 West Broad St.Columbus, OH 43215(614) 644-2239www.state.oh.us/Business/Employer/ProtectingYourBusiness/Wages.htmThe minimum wage in Ohio is $5.15 per hour (large employers), $3.35 (medium employers), and $2.80 (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: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 $25.00 penalty for a late report and $500 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 www.oh-newhire.comOhio 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 $2, 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 $3.02 (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 SupportOhio Department of Human ServicesState Office Tower30 E. Broad St., 31st Fl.Columbus, OH 43266-0423(614) 752-6561www.ohio.gov/odhs/Ocs/index.htmOhio has the following provisions for child support deductions:Please note that this article is not updated for changes that can and will happen from time to time.

Improving Manufacturing Cycle Times Through Machine Tooling

Improving Manufacturing Cycle Times Through Machine Tooling

Machining center manufacturers are all looking for and touting the ability to reduce part cycle times by offering faster and more efficient machines. That is what the job shop and part production customers of these products demand, because their end-product customers are driving a purchasing philosophy of lower costs per part.While the choice of a high-speed machining center makes a major difference in operational productivity and part cost, the tooling utilized on that machine can be another dominant factor. The efficiency of such new, special purpose proprietary tooling can even further enhance the output of a horizontal machining center. It can provide a wide degree of flexibility in compressing several machining processes, especially in parts production.Makino, a global provider of advanced machining technology, says that the use of special-purpose and multifunctional tools, like the SmartTools it manufactures, helps in this process compression. These specially designed and patented tools reduce cycle times as well as production costs, which saves money.As an example, there are a number of unique, special tools that can reduce the initial capital investment and drive out substantial process time in the machining of engine blocks. Cylinder bores can be finished and honed with a precise closed-loop boring system that automatically compensates for tool wear or thermal distortion and produces exceptional repeatability.You can also grind bimetallic surfaces utilizing a cubic boron nitride superabrasive grinding wheel all on a standard machining center.Machines incorporated with this special, multifunctional tooling will outperform a number of individual specialty-purpose machines when used in an integrated system. Mid- to high-volume parts manufacturers often invest in state-of-the-art machine tool technology, and can further enhance their flexibility and productivity with the use of such special-purpose tooling.With more and more demand to streamline processes and production cycle times, especially from original equipment manufacturer outsourcing operations, there is a growing need for more valuable and cost-effective solutions for jobs shops and production facilities. And, the solutions exist to allow them to "work smarter."

Is this Indias finest hour?

Is this Indias finest hour?

Travelling around India this month, in blinding contrast to the evident levels of stark poverty that can be seen in a great number of its citizens, something in the air tells one that India is pulsing with energy for change. For throughout the next half a century India will be seen to emerge as one of the worlds most successful economies and will rightfully seat itself as a new world power. The economy is one driving force of this change, projected to grow at over seven percent for the fourth year in a row something previously unseen since its independence is 1947. Another driving force is the startling achievement of maintaining democratic rule in a country riddled with abject poverty. Prime Minister Singh and his government are currently enjoying a decoration of compliments at the diplomatic table of foreign powers, with everyone jostling for a position of favour as the country takes its larger seat.Who could deny then the motives of the other powers currently doing the complimenting? The rise of China in economic terms, and so in military might, will certainly one day challenge the US worldwide hegemony, and so there is a geopolitical rationale to the USs actions at present, by far the most obvious of all the foreign powers efforts.Whilst India did drift towards the Soviets in cold war times, and its neighbour and long term enemy Pakistan sidled up with the US during the latters war with Afghanistan, India has not chosen sides just yet.So what to expect for the coming year? Well what the US is bringing to the table is the promise of full cooperation on the civilian nuclear programme, even with the absence of Indias signing of the Nuclear Non-Proliferation Treaty. This doesnt go with boundaries however, and one major boundary is likely to be an overlooking on Indias part of its close ties with Iran, as the US heats up its concerns publicly over nuclear matters in Iran. What India may lose as a result of cosying up to the US is its good seating in the proposed building of a gas pipeline running from Iran, through Pakistan to India as part of an effort to secure its future energy needs. As the country accelerates economically, its large population to low natural oil and gas resource ratio will be harder felt. The project also offers an extended handshake of peace and cooperation to neighbouring Pakistan. Something which, if not achieved soon, will loom large over any potential growth in diplomatic ties to the worlds wealthy powers, regardless of its economic success.

Sports Betting Tips: How to Bet on Sports Successfully

Sports Betting Tips: How to Bet on Sports Successfully

Sports betting is one of the most exciting types of gambling. The suspense, the tension, the great satisfaction when it turns out that you have made the correct prediction, not to mention the added bonus of winning cash money Even if you are not a particular sports fan, betting on sports certainly adds an interest in sports. There is more than one way to bet on sports. You can choose between flying to Vegas and placing a bet at one of the flashy casino sportsbook while watching sports on big plasma screens, staying at home and wagering at one of the thousands of online sportsbooks available on the net, at your neighborhood bookie, your office pool Wherever you choose to wager, here are some useful sports betting tips. Sports betting is a game of skill, which takes years of learning and practicing to master and still, even professional gamblers who make their living from "betting on sports" , lose. It basically means two things: first, intuition and luck are great benefits in sports betting as in other types of gambling, but if you rely exclusively on them, you are doomed to lose lots of money. Second, restrain your expectations and try to have fun.In sports betting, as in most types of gambling, the advantage is not on your side. However, the knowledgeable bettor has better odds of enjoying a successful sports betting experience than the spontaneous gambler who places a bet following his gut feeling and wishful thinking. Therefore, do your homework and make sure you understand the basics of sports betting.Learn everything you can about the odds, the type of sports, the teams or players who take part in the match you are betting on. All the information you are seeking is available online within a mouse click distance, so there is no reason to be lazy about it.If you are betting online, choose only reputable "online sportsbooks" that have been around for at least a year, are licensed, regulated and members of a gambling association, so if you will not be paid on time, or at all, at least you would have an address for your complaints.Limit yourself to a small selection of games to wager on. The more games you pick the lower the chances of stepping out as winner.While you choose, make sure that you know why you making your specific decision. Again, giving full trust to your intuition and or your emotion as a sports fan is the best strategy to empty your bankroll.If you cannot help but wagering on your favorite team regardless to the odds and to the basic common sense, at least make it minimal: place small amount of money so you would still be able to have fun watching the game. If, God forbid, you lose, do not be tempted to bet more or you will end up in an endless circle of chasing your bets. Trust me; you do not want to go there.If you win big time, do not invest your entire winning on betting at once. It will be wiser and more responsible to be satisfied with betting only a certain portion of your winning.Remember, proportion is a key word. Taking everything in proportion, including when winning, losing your money and or watching your favorite team lose, is the best strategy to minimize the financial and emotional damage.and do not forget to have fun!

7 Strategies Guaranteed to Increase Your Productivity

Copyright 2006 Sandra P. MartiniHave you ever felt exhausted at the end of the day, knowing you worked your butt off and yet wondering what the heck you actually accomplished or, worse yet, wondering why nothing has been crossed off your to do list? Its frustrating to say the least.Here are seven strategies guaranteed to increase your productivityand I dont use the word guaranteed lightly!1. Most To-Do lists are useless.There, Ive said it and those time management companies who insist we make lists and put pretty-colored A, B, and C identifiers after tasks will have to deal with it.The reason why, quite simply, is that tasks have start times, but no end times. If you make just one change, do this: Put a start and an end time for everything you do and watch how much you get done!2. The right toolsYou need to have a schedule one where YOU purposefully script out those things that are your priorities for the day and you insure that nothing bumps them. I have a schedule for each day, week and for the year so if a client asks me to attend a call or visit his office, I know what Im doing.Your schedule should include those things that you need to do every day until you have built a routine around them. I write every day. Not some days, not most days, but every day and it was only by having it on my schedule that it got done. Its now a routine that I rarely miss.Another critical tool is what I affectionately call my Chat Pad. I have a steno notebook for each client/key person that I deal with and keep a list of what I need to discuss with them (and the resulting actions of that discussion) so I can group phone calls or send one summary email rather than several throughout the day.3. Ask this question.What is the most effective use of your time RIGHT NOW?For those rare times when you havent scheduled your time, ask yourself the above question and then follow through with working on the answer. You will dramatically increase the quality of the work you do.4. Know your worth.How much money do you want to make this year? If we assume that you work 8-hour workdays and you will earn $50,000 this year, then each hour is worth $25.61 and every minute is worth $0.427.You intend on making $100,000 this year? Then double the above figures: every hour is worth $51.23 and every minute is worth $0.852.So for every workday hour that you waste, you have lost $6,250 on a $50,000 income and $12,500 on a $100,000 income.5. Delegate, dont abdicate.As an entrepreneur (or aspiring entrepreneur) who now knows the value of his time, you recognize that it is worthwhile to delegate those activities that you either arent good at or dislike.While delegating is critical to the most optimal use of your time and energies, be sure not to abdicate responsibility for those items. Keep a running list of the tasks youve delegated and check in with that person (remind yourself using your Chat Pad).6. Post your goals.Having your goals posted provides consistent motivation on why you are doing the things you are doing.Want an extra kick in the pants? Post a picture of that new car, new home, or dream vacation. Seeing the reason you are working to meet your goals will provide your subconscious with extra motivation to get the job done.7. Keep a success journalSuccess journals can be done several ways. You can simply keep a written record of all your successes or, you can follow Arnold Palmers method: he had a table wherein he inlaid his golf medals and, when he placed one medal in the table, he had a new hole grouted for the next, as-yet-to-be-won medal. Always looking ahead, always anticipating the next success.Remember this: time can not be replaced. You can replace money, you can replace clients or projects. You can not replace time. Use it wisely.

High Volume Merchant - Do You Need One?

When your business grows to the point where it is ready to move into the electronic age, you should give some thought to opening a high volume merchant account to expand your companys potential. A merchant account will allow you to partner with a local bank or another financial institution to provide credit card processing payment options to online customers through the company Website.Creating a high volume merchant account will let you increase operating capacity to process exponential numbers of customers and credit transactions. You wont have to worry about keeping correct change on hand at all times, nor will you have as many bad checks to chase after. Your customers wont have to look for an ATM and pay extra usage fees to get cash when they wish to shop at your companys physical location or online Website. You can hire fewer people to accept payments since your electronic equipment will be able to do that for you. In a short time your profits may soar as operating costs dwindle.To apply for your high volume merchant account, first find a bank that offers this service. It need not be in your area, as you can now do most banking tasks online via the Internet. You will probably want to open your merchant account in a country that is economically stable. One with U.S. bank branches might be particularly useful in helping you open a high volume merchant account, since many U.S. banks enjoy a highly esteemed international reputation. Whether you apply online or in person, you will need to show proof of your citizenship and your companys country of operation. You must show that your business does not involve illegal, and in some cases, immoral activities like pornography, gambling, pharmacy, and telemarketing initiatives. Generally, there are no limits on volume, so even if your credit card processing unit brings in far more profit than anticipated, you need not worry about being charged extra fees, although you will have to clarify this up front.Your application for a merchant account could be approved in a day or two, which means you could start accepting credit card payments in a couple of days. Of course, you will need to select the type of credit card processor that you want to use either at a physical location or via your online Website. You may want to use a wireless processor for employees who travel from one site to another. Your high volume merchant account will be ready for business promptly to ensure that payments can be processed right away for your customers convenience and your companys profit.Many entrepreneurs, company owners, and managers find it exciting to expand their operations to include credit card processing options so that customers can shop night and day, 24/7. Start browsing online banking sites or community financial institutions that can provide this opportunity, and carefully read the conditions and terms for each institution before you choose one and apply for your high volume merchant account.

Summary

Ohio payroll has some unique aspects and conditions. Some of the details and laws are set out in this article including information concerning: tax withholding and reporting; unemployment insurance taxes and reporting; wage and hour laws; and child support withholding.