Ontario premier and U.S. president both champion giving the poorest a raise! This week, Obama and Wynne talked about raising the minimum wage, with Ontario announcing on Thursday that the rate would rise to $11 an hour starting June 1. Left-of-centre politicians want to raise the wages of the very poorest. From a humanitarian point… Read more »
Posts Tagged: Wage and Payroll Expenses
Canada’s CEO Elite 100: The 0.01%
Occupy Montreal: Victoria Square, Montreal,Quebec if you’re looking for Canada’s richest 1%, the compensation tables in the proxy circulars of Canadian publicly listed corporations are a good place to start. Canada’s Richest If you’ve made it into Canada’s richest 1% club, you’re among the 246,000 prestigious few tax filers who made a minimum of $169,300… Read more »
The advantages of staying small:For small businesses with minimal profit, incorporation is not worthwhile!
Beginning of Story Content When small business owners ask Diana Dolack whether they should incorporate, she often advises against it. “There’s not too many I advise to incorporate,” says Dolack, an H&R Block franchise owner in Biggar, Sask. “For farmers, especially, the rules are more beneficial to not being incorporated.” The formula for Dolack is… Read more »
TAX SEASON: Tax rules for Canadians abroad
What you need to know before earning income abroad As more students and young adults take time out to indulge in longer-term international travel, income tax filing is probably the last thing they think about. When weeks abroad stretch into months, however, picking up some extra income is often the best way to make ends… Read more »
Discover what your RRSP can do for you: Students should consider investing, read below!
Learn the top 8 reasons to contribute to your RRSP this year. 1. Make your golden years more golden: The first and foremost reason to sock money away in an RRSP is to help ensure you have a comfortable retirement. “Being old and poor isn’t much fun,” says Sheila Walkington, a money coach co-founder of… Read more »
New Revenue Recognition Standards on the Way for Contractors
Contractors should be educating themselves on the impact of the new proposed revenue recognition standards and the recently published (June 24, 2010) exposure draft pertaining to revenue from contracts with customers. Public comments are due October 22, 2010, and it is expected the standards will be finalized in 2011. Questions: 1. What are some of… Read more »
Over the next five years, Wal-Mart plans to donate about 1.1 billion pounds of food to food banks and provide $250 million to help them buy refrigerated trucks, improve storage and develop better logistics. The plan to contribute $2 billion in cash and food to the nation’s food banks is considered to be one of… Read more »
A New Twist for Job Seekers
Unemployed Individuals can increase their attractiveness to prospective employers by knowing about certain tax breaks that employers can secure by hiring them. One group , National Tax Credit Group, LLC, is promoting this advantage by creating a “Tax Credit Card” which they issue to prospective employees after screening them for hiring credit eligibility. This article… Read more »
What If You Can’t Pay Payroll Taxes?
What If You Can’t Pay Payroll Taxes? In this video, Darrin T. Mish, tax attorney discusses some of the questions businesses ask about non-payment of payroll taxes. His advice is to “get current” as soon as possible, even though the IRS may not catch the lapse for up to four years and because IRS payroll… Read more »
Paul McKunes, owner of M & M Equipment Services, in Ashland, Massachussets, pleaded guilty on January 15, 2010, to falsifying payroll records at his business so he could pay less in workers’ compensation insurance and taxes. According to records, McKunes owed the state’s Unemployment Assistance program $21,180 in unpaid assessments and failed to withhold more… Read more »