2010 payroll deduction changes

Who knew payroll changes were going to be such a huge hit on this site (#9 in 2009).  So, keeping up with the reference theme here are the changes for 2010:
Per the Canada Revenue Agency (”CRA”) payroll site:
Annual employment insurance to be deducted from employee pay is $747.36 in 2010 (up from $732 in 2009) [...]

payroll deduction changes in 2009

Continuing our theme of processing payroll for year end and preparing for 2009 I thought I would post a quick reminder to review payroll source deduction limits.
What’s new in Canada payroll per Canada Revenue Agency (”CRA”)?
Annual employment insurance to be deducted from employee pay is $731.79 in 2009 (up from $711 in 2008) and the [...]

time for payroll services?

Right now many of you are hunkering down to do the year end ‘tick and tie’ to validate what should be included on employee T4’s (in Canada) or W2’s (in the United States).  It is a thankless task, will require many late nights and overtime, and god knows what you will find when you have [...]

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 [...]