Is Car Wreck Risks a Matter of Perception in Louisiana?

Louisiana Car Accident Risks a Matter of Perception

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Drivers need to make safe choices behind the wheel to prevent auto accidents. This means they need to recognize the types of behaviors that put them and other motorists at risk, and they need to do everything possible to avoid actions that have a strong chance of leading to a collision. business-growth-3-1426748-m

Unfortunately, a recent study shows that the public as a whole is becoming less worried about certain dangerous driving actions. This is bad news for motorists because if drivers don’t see a behavior as very dangerous, they may be more inclined to engage in unsafe action behind the wheel. A lawyer is in the best position to help you determine how to proceed after an injury accident.

AAA Study Shows Drivers Aren’t as Worried About Dangerous Driving

According to the Telegram, a recent AAA study involved conducting interviews with 11,000 people of driving age between 2009 and 2012.  The study was completed by the AAA Foundation for Traffic Safety and respondents lived throughout the United States.  Some of the drivers responding to the survey may have been interviewed more than one time over the course of the four year period that AAA was doing its research.

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National Highway Traffic Safety Administration Prevent Car Accidents Due to Vehicle Safety

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Our West Palm Beach car accident lawyers know that problems with malfunctioning vehicles can be incredibly dangerous and can significantly increase the chances of an accident occurring. Unfortunately, many drivers are unaware when their vehicles are recalled or when a safety issues develops with their vehicles.

The National Highway Traffic Safety Administration (NHTSA) is taking steps to solve this problem by making it easier for car and truck owners to check and see if their cars have been recalled and if their vehicles have been fixed following a prior recall.

NHTSA Aims to Prevent Defect-Related Car Crashes

According to Autos Insider, a highway funding bill signed into law last July required the NHTSA to put a new database in place that will allow the 240 million car and truck owners throughout the U.S. to search a database of recalled vehicles.

The NHTSA has announced that it is working to complete the database and that the deadline for completion is no later than October 1. Some indicate that the deadline is even sooner and the NHTSA has already suggested rules that will require large volume auto makers to submit VIN numbers to the government when a car is recalled.

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You Should Form an S-Corporation to Save on Income Taxes

Should You Form an S-Corporation to Save on Income Taxes?

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If you are operating a business, www.tummelcasso.com should be consulted to help determine the right structure for your entity.  While some operate as sole proprietors and the business thus has no separate legal identity, many entrepreneurs and self-employed individuals can benefit greatly from forming an S-corporation. business-growth-3-1426748-m

An S-corporation allows for small business owners to achieve certain protections from liability and can limit personal responsibility for business debts. Since the business is a separate legal entity, the business is distinct from the individual who owns it.  An S-corporation can also help a small business owner to achieve tax savings.

Is Forming an S-Corporation the Right Step to Take?

S-corporations, unlike C-corporations, allow for pass-through taxation. This means that income and losses from the S-corporation can be claimed on the individual business owner’s tax returns.  An S-corporation thus allows for business owners to avoid the potential double taxation that can go along with forming a C-corp (since the business pays taxes on a C-corp’s profits, and the owners also pay taxes when dividends are issued).

Although income and losses pass through to individual business owners, an s-corporation can still allow for significant tax savings by reducing the amount an individual owner is required to pay in payroll taxes.   Payroll taxes include payments to Medicare and payments to Social Security.  The self-employed pay out 15 percent in payroll taxes since no portion of their taxes are covered by a separate employer as they are for those who earn traditional W-2 wages.

When you form an s-corporation, however, you can pay yourself a salary that is equal to just a portion of the money the S-corporation makes. You can use the remainder of the money to pay out to yourself in periodic distributions.   This allows you to avoid paying payroll taxes on a portion of the money earned that is distributed in distributions.

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Among Nation’s Safest Cities Knoxville – Car Insurance Report Suggests – Article 574

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Each year for the past nine years, Allstate Insurance Company has released a report of the safest cities for drivers in America. Allstate Insurance provides auto insurance coverage for approximately 10 percent of drivers in the United States and its claims data is viewed as a representative sample of all accident claims in the country. Actuaries for Allstate have developed a formula to assess the accident rate relative to the population in major cities throughout the U.S. and to compare this rate to the national average. This formula is used to rank the 200 largest cities in terms of how safe they are for motorists.

This year, the news was good for Knoxville, which ranked among the safest cities for motorists. Unfortunately, however, Knoxville went down in the rankings as compared with its position on the list in 2012. While it is great that the city is one of the safest, its lower position on the list is less positive news. Our lawyers know there is always room for improvement to make the city safer for drivers, and Allstate has also provided some tips for drivers to help reduce the chances of accidents happening.

How Does Knoxville Compare in Terms of Safety

According to the 2013 Allstate America’s Best Drivers Report released in late August, the city of Knoxville Tennessee ranks number 12th out of 200 cities on the list of America’s best drivers.

Knoxville earned this ranking because the claims data shows that there are an average of 11.8 years between auto accidents in the city. This means that an accident is 15.1 percent less likely to occur in Knoxville as compared with the national average.  By contrast, the safest city in the U.S., Fort Collins, Colorado, has an average of 13.9 years between accidents while there are just 4.8 years between accidents in Washington, D.C. (the least safe city for motorists).

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