A while back we considered creating a ‘page’ on Facebook for Business Ready. The idea being that with so many Facebook users it would be a great place for friends and family to promote us by becoming ‘a fan’ and in turn maybe some of their friends and family would become fans, and so on. [...]
Entries from November 2008 ↓
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November 13th, 2008 — sales & marketing
sales commission and bad debt expense
November 11th, 2008 — general & admin, sales & marketing
Sales commissions are almost always based on the invoice amount whether it be a strict percentage of the invoice amount or the invoice amount as a percent of overall quota. However, I am often asked what to do about sales commissions if the invoice is uncollectible (e.g. becomes bad debt expense)? In a perfect world [...]
is severance taxable?
November 6th, 2008 — general & admin
When an employee is let go there are usually three cash items owing to them upon exit: (1) salary up to the last day of employment, (2) any accrued vacation owing, and (3) a payment in lieu of providing notice and/or compensation eligibility for length of service. Occasionally there can also be additional severance if [...]
vacation entitlement
November 4th, 2008 — general & admin, templates
I was recently asked if it was OK to increase the vacation entitlement for an employee who had been with the company for a long time. As this question came from a Vancouver based company I will answer in the context of the BC Employment Standards Act. The simple answer is: Yes!
Actually, the Employment Standards [...]


