Entries from November 2008 ↓

follow us on twitter!

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.  [...]

sales commission and bad debt expense

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?

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

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 [...]