Day: April 18, 2022

PFAS In Drinking Water And Its Effect On Health

April 18, 2022 Leave a comment Candace Russell

PFAS is a group of man-made chemicals that repel water and oil, and resist heat and chemical reactions. These properties make them valuable for commercial and industrial use. Some PFAS are used to produce nonstick cookware. 

They can also be used in waterproof and stain-proof coatings, "leak-proof," coatings on food packaging materials, and fire-fighting foams. PFAS in drinking water can be introduced by industrial releases into the water, air, or soil discharges from sewage treatment plants, land application of contaminated waste, leaching from landfills, and the use of firefighting foams.

Momentum builds in fight against 'forever chemicals' in water, environment - Ohio Capital Journal

Image Source Google

Four types of PFAS were found in blood samples of more than 98% of the United States' population. These long-chain, PFAS can build up in the body and remain there for many years. After a reduction or stoppage of exposure, the levels will decrease slowly. * PFOS is perfluorooctane sulfonate. * PFOA is perfluorooctanoic acid. * PFNA – perfluorohexane sulfonate. PFOA, PFOS, and PFNA are all dissolved in water. 

Drinking water that has been contaminated is more likely to be exposed than other background sources. Food, packaging, and consumer products are all possible sources of PFAS. Ingestion of water or food containing PFAS is the main source of PFAS exposure. 

Boiling does not remove PFAS from water. It is not possible to be exposed to PFAS through household water uses such as washing dishes, washing clothes, or washing dishes.

 

Inheritance Tax Explained Simply

April 18, 2022 Leave a comment Candace Russell

Tax on estates, also known as death tax, also known as inheritance tax is a type of tax imposed upon those who receive an inheritance. This kind of tax is justified by looking at inheritance as income or a gift given to someone, which is the reason it's tax-deductible.

Although the term "estate tax" is sometimes used for inheritance tax, there are a few differences between the two types of taxes. There are some commonalities between the two types of taxes. The procedures involved in both types of taxation have some resemblances However, there are some differences between the tax procedures. Most often inheritance tariff relies on exemptions. 

Image Source: Google

The processes involved for these tax types are similar to each other however, they function in slightly different ways and the rates they charge are different too. Rates for inheritance tax is calculated in a progressive manner and more tax is assessed for the greater value of the asset. Beyond the worth of an asset the inheritance tax rates differ in various situations and are based on other elements. 

The appraised value of the inheritance is the primary factor that is taken into consideration in tax calculation. The tax is imposed on the estate as well as other assets of a person who has died. The tax is assessed after deducting any loan or debt that the deceased held out of their wealth. The tax is assessed on the remaining assets which are incurred following the adjustment of debts and loans.

 

What Is Business Owners Insurance, And What Do I Need?

April 18, 2022 Leave a comment Candace Russell

Business owners insurance is a type of insurance that covers the business owner as well as the employees. This type of insurance helps cover losses such as equipment breakage, physical damage to property, and whether or not you are able to complete work on time.

When Do I Need Business Owners Insurance?

Business owners insurance is a type of liability insurance that protects proprietors of businesses from personal injury or property damage lawsuits.

Image source:-Google

The most common business owners insurance policy includes coverage for: 

  • Your personal assets (home, vehicle, money in the bank) 
  • Your personal injuries (medical expenses, lost wages) 
  • Property damage (damage to your business, loss of profits) To be sure you're fully protected, consult with an experienced business owner's insurance agent or broker.

How Much Does Business Owners Insurance Cost?

Business owners insurance is a form of insurance that protects the business owner and their employees from financial losses in the event of an accident or other incident. Most businesses require some level of business owners insurance, but there is no one-size-fits-all price for this type of coverage.

The amount of coverage you need will depend on the size and value of your business, as well as your state's laws and regulations. However, there are some key factors to consider when estimating the cost of business owners insurance:

The type of business you own: Most businesses fall into one of three categories: sole proprietorships, partnerships, or corporations. The type of business you own will affect the cost of your insurance policy, as will the amount of coverage you need. For example, a corporation will generally have higher premiums than a partnership or sole proprietorship.

Your deductible: One important consideration when estimating the cost of business owners insurance is your deductible. This is the amount you are required to pay before your insurance company begins to pay claims on your behalf. If your deductible is low, your insurance company may only pay out a fraction of the claimed damages, which can increase the overall cost of your policy.