Accurate payroll. records essential Of all the personnel files and records kept by any business, the most important in the eyes of the employees will be those relating to the money they earn. Because of this, payroll and deduction records must be accurate and up-to-date. This is as true for small businesses as it is for the large corporations — and more than four-fifths of all businesses in Canada have fewer than 10 employees. Manager, Terrace —For a small business, the size of the Federal Business staff lends itself to a fairly simple, inex- Development Bank pensive records system for payroll and — deductions. In fact, some small businesses find that the best method for them to use in this area is to have another a by Phil Harti _ firm look after their payroll. Some accounting companies, banks and bookkeeping firms provide such services in an efficient man- ner to a large and varied clientele. | Any payroll records system has three main objectives, as follows: @ To calculate the gross pay (regular and overtime) for each employee before the end of each pay period and the deductions that must be made. @ To pay each employee his net pay at the end of each pay period. @ To maintain a continuous, permanent record of all payroll transactions, including individual changes in pay rates. One of the key functions of any payroll records system is to keep track of deductions, which fall into two main categories: Those the employer must make by law, such as employees’ in- come tax deductions; and those the employee authorizes, such as contributions to a savings plan. The nine most common deductions made by employers in Canada from employees’ pay are: ; . @ Income tax installments (federal and, in some cases, provin- cial). @ Government pension plan contributions (federal and, in some cases, provincial}. Co, @ Contributions to the employer’s pension plan. @ Unemployment insurance premiums. | @ Contributions to group life insurance plans. e Contributions to medical insurance plans. @ Union dues. @ Payroll savings plans. ® Contributions to charity. Many small business proprietors also find it valuable to include in their payroll records system a summary sheet, to be updated at regular intervals, which shows at a glance the current salary of all employees. Such a summary would be of particular value when com- parisons are being made in preparation for consideration of salary increases. Alanon Family Groups are the families and friends of alcoholics. Join us on Monday or Thursday evenings at 8 p.m, in the meeting rooms on the Psychiatric Ward of Mills Memorial Hospital. Note that the Thursday group is a non-smoking gathering. Join us on Wednesday afternoons at the Alcohol and Drug offices at 1:30 p.m. For more information call Kay at 638-1291. BULK PLANT OPPORTUNITY PETROCANADA We have an excellent bulk plant oppor- _ tunity available in northwest British Columbia. - Inreturn for your investment, initiative _ and will to succeed, this situation will result in above-average earnings. An appropriate business/customer- service background is preferred but enquiries are welcome from all service- oriented people. For further information please contact: M. Melham 4916 Scott Avenue Terrace, B.C. V8G 2B8 (604) 635-9582 Terrace city council has voted to support Chimo Delivery’s bid to start a new taxi: service in town. Chimo Delivery owner Ada Solowoniuk told council last month that the Ministry of Transportation and Highways had listed their support as a con- dition to granting a licence. . Solowoniuk says the applica- tion was. made due to “popular demand” and she plans to begin a threé-car service within a 25 mile radius of the city as soon as she is granted a licence. ‘We need a good, competitive taxi ‘service to complement Kalum Kabs,”’ says Solowoniuk. Asphalt for Te The city of Terrace will pro- ceed with the Tetrault Street Local Improvement Project and property owners will pay — like it or not. After opposition to the project was raised by Eileen Hoflin, daughter of Margaret Olson, the only Tetrault proper- ty owner who didn’t sign a petit- ion supporting the project, the matter was sent back to commit- tee to discuss the tax levy against Olson. The facts in Olson’s favor were argued by her daughter and Vic Jolliffe who recapped the history of her property, located on the corner of Haugland and Tetrault, as far back as 1961. They also pointed out that Olson was a widow on a fixed income, but they failed to convince the committee the cosi sharing pro- posal was unfair. Terrace Review — Wednesday, June 22, 1988 15° ‘We find Terrace to be a vital, growing community with more and more business starting up and doing well. It is no longer okay for one cab company to have a monopoly.”’ According to Solowoniuk, ‘“‘competition is healthy’’. She says she regards Kalum Kabs as a resource — not as a competit- ‘or, She explains that during peak periods, both companies would have the advantage of of- fering better service by referring customers when all cars were busy. This is not Solowoniuk’s first According to Jolliffe, the area surrounding Olson’s property was first developed by Saymor Builders, under a three-phase, low-cost housing Land Use Agreement in 1971, At that time, said Jolliffe, the city enter- ed into an agreement with Olson where she agreed to dedicate a portion of her property to facili- tate the development of Tetrault Street from Graham to Haugh- land. Jolliffe said that under this agreement Olson believed she was exempt from any future road development costs, and at the very least, was eligible for re- duced frontage tax because her property was a corner lot, However, city administrator, Bob Hallsor, pointed out that Haugland was not developed un- der a Local Development project City backs Chimo Taxi bid to begin a new cab service. She tried last year and said she was surprised at the opposition. ‘I had no idea there would be any objection since Chimo De- livery has never objected to any competition, and we have a lot of it,”’ she said. ; “Tf we are willing to put our money and our time into a new cab company I will be very sur- prised if we are not given the op- portunity, I believe that if any- one can do the job better, cheap- er... which is why.Chimo Deliv- ery is a very lean, well-run going concern.” , trault and the portion of Olson’s pro- perty facing Tetrault was not eligible for reduced frontage tax. And in the committee’s view, . the intention of the right-of-way agreement with Olson was to ex- empt her from the original cost of developing the southern por- tion of Tetrault, but not from any future costs for maintaining or paving the road. The project calls for upgrad- ing and paving more than 550 lineal feet of Tetrault at an esti- mated cost of $29,737. The city’s share will be $15,483 while the balance, $14,254, will be paid by the owners of four pieces of property on the street at a rate of $18.37 per foot. One of the pieces of property on the portion of Tetrault in question is owned by the city, continued on page 19 “LOQK WHAT WE'RE SERVING NOW ! ¢ CIGARETTES * CANDY * GUM €5S0 * SOFT DRINKS * CHIPS | * ICE FULL SERVICE AT SELF SERVE PRICES CAR CARE INSPECTION PROGRAM FULL MECHANICAL SERVICE Tuesday, Thursday, Saturday SPECIAL OF THE MONTH 227 gram Ripple or Plain OLD DUTCH CHIPS 99° ‘Ta.m. to 11 p.m, SEVEN DAYS A WEEK TERRACE ESSO SERVICE 4630 Lakelse Ave., Terrace B.C. 638-1168 WE ACCEPT ALL COUPONS