Re: Income Taxes

From
Daniel Barakat <daniel.barakat@thekey.com>
To
Timothy Thomas <tt@thekey.com>
CC
Joey Taylor <joey.taylor@thekey.com>, Randi Schapira CPA CA <Randi@schapiraca.ca>
Date
Thu, 16 Nov 2023 15:14:18 -0500
Folder
INBOX
--0000000000000a842a060a4aab2d Content-Type: multipart/alternative; boundary="0000000000000a8428060a4aab2c" --0000000000000a8428060a4aab2c Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Very similar between Sept and Oct. Another way to approach it is Sept had one of the biggest months of the year in terms of margin? Can you identify why September's margins were higher?[image: image.png] On Thu, Nov 16, 2023 at 10:00=E2=80=AFAM Timothy Thomas wro= te: > Unlikely to have caused that significant a drop. Daniel if you back out > the caregiver holiday wages what is the impact? > > On Thu, Nov 16, 2023 at 9:49=E2=80=AFAM Joey Taylor > wrote: > >> Good Morning, >> >> We offered some clients who were considering leaving some reduced rates >> which could have impacted margins. But I don't believe that is enough fo= r a >> 3% drop. >> >> On Wed, Nov 15, 2023 at 6:22=E2=80=AFPM Timothy Thomas w= rote: >> >>> adding @Joey Taylor who will have more >>> insight. >>> >>> On Wed, Nov 15, 2023 at 5:57=E2=80=AFPM Daniel Barakat >> daniel.barakat@thekey.com> wrote: >>> >>>> Hi team. Do you know if caregiver wages increased in October in >>>> Montreal? Our Margins went from 46% to 43% and just trying to help pr= ovide >>>> insights on why >>>> >>>> Thanks >>>> >>>> On Wed, Nov 15, 2023 at 5:55=E2=80=AFPM Randi Schapira CPA CA >>> Randi@schapiraca.ca> wrote: >>>> >>>>> Not sure. Maybe ask Timothy. >>>>> >>>>> Sent from my iPhone >>>>> >>>>> On Nov 15, 2023, at 5:54 PM, Daniel Barakat >>>>> wrote: >>>>> >>>>> =EF=BB=BF >>>>> Thanks Randi. >>>>> >>>>> Another question...were there any wage increases for caregivers in Oc= t? >>>>> >>>>> On Wed, Nov 15, 2023 at 5:06=E2=80=AFPM Randi Schapira CPA CA >>>> Randi@schapiraca.ca> wrote: >>>>> >>>>>> Hi >>>>>> >>>>>> >>>>>> >>>>>> I was accruing taxes every month based on the company having to pay >>>>>> between 38 and 40%. >>>>>> >>>>>> >>>>>> >>>>>> In October I finally received the amount of installments to pay for >>>>>> catchup from Apr-Oct so I had to reverse part of my accruals so that= YTD >>>>>> was not too high. >>>>>> >>>>>> >>>>>> >>>>>> Regards >>>>>> >>>>>> Randi >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> Please take note of my new email address >>>>>> >>>>>> Randi@schapiraca.ca >>>>>> >>>>>> *From:* Daniel Barakat >>>>>> *Sent:* Wednesday, November 15, 2023 4:29 PM >>>>>> *To:* Randi Schapira CPA CA >>>>>> *Subject:* Income Taxes >>>>>> >>>>>> >>>>>> >>>>>> Hi Randi. Do you have any support for the entry to corp taxes of >>>>>> $123k? It's very different than what was done previously and the PL >>>>>> Variance only shows Adjustment to YTD Taxes? >>>>>> >>>>> >>> >>> -- >>> Tim Thomas >>> Head of Canada Division >>> *Please note my email has changed:* >>> tt@TheKey.com >>> (514) 591-9387 >>> TheKey.ca >>> [image: TheKey] >>> >> >> >> -- >> >> Joey Taylor >> >> *General Manager Montreal* >> >> 514-907-5065 >> >> TheKey.ca >> >> [image: TheKey] >> > > > -- > Tim Th