(meaning only 20% should be added back). Wages and Amount Labour cost required to achieve See below. Local knowledge of John Smith, Jill benefits payable business purposes. wages and cost to hire Smith, Mike pursuant to comparable Anonymous employment replacement employee. agreement and accounting principles Non-arm’s length persons Description of Responsibilities & Duties Relationship Name Title Performed Compensation Received to Spouse [Be specific and detailed, give examples] John Smith Spouse President, CEO, and All plumbing services, communicating with Salary of $6000.00 per month plus profits Business Manager clients, marketing, seeking new clients, and business meals (above). general operation of the business, strategic development, branding, travel. Jill Smith New partner Secretary and Paying bills, receipting funds, entering Compensated $15,000, plus use of bookkeeper receipts into accounting software, company car and business meals (above). correspondence with accountants, Works approximately 20 hours per week reviewing Financial Statements, tax minus two weeks of vacation. compliance, general assistance. Mike Childhood Hired hand Miscellaneous tasks as required, such as Compensated $1,530. Wage of $15.00 per Anonymous friend cleaning the shop and Vac truck every hour. Worked 102 hours. week, performing oil changes on the Vac truck. We expressly consent to this spreadsheet being tendered in Special Chambers as proper evidence. DO NOT waste your exhibit page limit by entering this document as an exhibit.
(meaning only 20% should be added back). Wages and benefits Amount payable pursuant to employment agreement and accounting principles Labour cost required to achieve business purposes. See below. Local knowledge of wages and cost to hire comparable replacement employee. John Smith, Jill Smith, Mike Anonymous Non-arm’s length persons Name Relationship to Spouse Title Description of Responsibilities & Duties Performed [Be specific and detailed, give examples] Compensation Received John Smith Spouse President, CEO, and Business Manager All plumbing services, communicating with clients, marketing, seeking new clients, general operation of the business, strategic development, branding, travel. Salary of $6000.00 per month plus profits and business meals (above). Jill Smith New partner Secretary and bookkeeper Paying bills, receipting funds, entering receipts into accounting software, correspondence with accountants, reviewing Financial Statements, tax compliance, general assistance. Compensated $15,000, plus use of company car and business meals (above). Works approximately 20 hours per week minus two weeks of vacation. Mike Anonymous Childhood friend Hired hand Miscellaneous tasks as required, such as cleaning the shop and Vac truck every week, performing oil changes on the Vac truck. Compensated $1,530. Wage of $15.00 per hour. Worked 102 hours. We expressly consent to this spreadsheet being tendered in Special Chambers as proper evidence. DO NOT waste your exhibit page limit by entering this document as an exhibit.
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