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- April 10, 2011: Open letter to visitor to our web: Rant on CRA
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- January 31, 2011: There are more than 10 ways to avoid an audit!
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Archive for October 25, 2006
Kids are a write off. How to know how much to pay them.
October 25, 2006 by Dan White.
To determine how much to pay your children:
Add up all the hard costs, school, lessons, clothes, books, allowance, etc.
Determin how many hours per year your child can work for you.
Divide the hours into the Amount.
Make sure the amount is within industry norms for that kind of work.
Keep detailed records of tasks assigned, reviewed and approved for payment.
Keep track of all cheques, and if paying by cash, keep the receipt for cash payments.
Make sure the work relates to your business and record it accordingly in your BKS under “Cost of Labour.”
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I have been diagnosed with having a serious medical condition.
October 25, 2006 by Dan White.
The results are in. I suffer from a terminal condition. I am suffering from receding youth. A complicated condition of which there is no known cure.
Dan White
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