Entries from January 2008 ↓

In April 2005, the Accounting Standards Board issued CICA Handbook Section 3855, Financial Instruments – Recognition and Measurement, Section 3862 (on disclosures), Section 3863 (on presentation) (both which replace Section 3861, Financial Instruments – Disclosure and Presentation), along with two companion standards, Section 1530, Comprehensive Income, and Section 3865, Hedges. These standards triggered hundreds [...]

During the spring 2007 ACETECH Symposium in Whistler, once again Verne Harnish’s book Mastering The Rockefeller Habits was making the rounds as the must read how-to guide for successfully growing your company. Inspired by the book Titan: The Life of John D. Rockefeller, Sr., Harnish provides his observations of key fundamentals, or habits, [...]

As an employer, your general payroll responsibilities are:

Open and maintain payroll deduction accounts;
Get employee social insurance (Canada) or social security number (United States);
Obtain completed federal and state/provincial personal deduction tax forms;
Deduct pension, unemployment, income tax and local taxes, benefits and allowances you pay;
Remit these deductions when required;
Report employee income and deductions on the appropriate T4 [...]

Hey! Welcome to the Business Ready blog!
We get asked a lot of random questions about running a small business. After a while we noticed we were being asked the same questions over and over again so we started to just forward previously written emails. Soon people started to ask us if we had [...]