Re: 2023 Adjustment Entries

--000000000000411c46061287e2e1 Content-Type: multipart/alternative; boundary="000000000000411c46061287e2e0" --000000000000411c46061287e2e0 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Alright. Thanks Tim. I'm putting the entries together, and as soon as we can open 2023, I'll post and let you know when complete On Thu, Feb 29, 2024 at 11:31=E2=80=AFAM Timothy Thomas wro= te: > Exactly > > On Thu, Feb 29, 2024 at 11:24=E2=80=AFAM Daniel Barakat > wrote: > >> Ok. So Randi followed up with me. The $66k is the remaining balance fo= r >> Montreal right? Vancouver is the only one we have to accrue for. The r= est >> is remitted through payroll, and we pay the balance at the end of the ye= ar. >> >> On Thu, Feb 29, 2024 at 10:51=E2=80=AFAM Daniel Barakat > daniel.barakat@thekey.com> wrote: >> >>> Thanks Brian. Yes. The $56k already on our radar. Also, about >>> Vancouver's EHT. We already accrued $90k out of the $99k, so it'll be = a >>> smaller adjustment. For Montreal, I'll confirm with Randi where she >>> accrued that to and will update you on that. >>> >>> [image: image.png] >>> >>> On Thu, Feb 29, 2024 at 10:44=E2=80=AFAM wrot= e: >>> >>>> Hi Tim, >>>> >>>> >>>> >>>> The workers comp expense is reflected in our adjustments below and wil= l >>>> be entered in 2023: >>>> >>>> >>>> >>>> >>>> >>>> *From:* Timothy Thomas >>>> *Sent:* Thursday, February 29, 2024 10:42 AM >>>> *To:* Daniel Barakat >>>> *Cc:* Brian Fialko >>>> *Subject:* Re: 2023 Adjustment Entries >>>> >>>> >>>> >>>> Hi Daniel, >>>> >>>> >>>> >>>> The adjustment for holiday wages looks spot on, thank you for that! >>>> >>>> >>>> >>>> For the Vancouver EHT adjustment, I believe the outstanding balance is >>>> $99,812.74 as the $25k was already paid, but feel free to confirm that= with >>>> George at KPMG - proof is attached. >>>> >>>> >>>> >>>> Good with Montreal. >>>> >>>> >>>> >>>> Lastly, I sent it to Gerri this morning and you 're CC'd but we >>>> received a WSIB adjustment for Vancouver totalling $56,810.52. Not sur= e how >>>> you want to treat that. >>>> >>>> >>>> >>>> Otherwise good to go, thanks for your hard work. >>>> >>>> Best >>>> >>>> Tim >>>> >>>> >>>> >>>> On Thu, Feb 29, 2024 at 10:17=E2=80=AFAM Daniel Barakat >>> daniel.barakat@thekey.com> wrote: >>>> >>>> Hi Tim. I'll be working on the 2023 adjustment entries. Just want to >>>> confirm with you: >>>> >>>> >>>> >>>> For Vancouver, we are booking an additional expense of $73,937.30 (the >>>> $25,875.44 already paid - the $99,812.74 owed) >>>> >>>> >>>> >>>> For Montreal, we are booking an additional $66,534.48. >>>> >>>> >>>> >>>> Also, we'll be booking an adjustment to Caregiver Wages. See >>>> attached. We're moving 50% of Jan's expenses to Dec 2023. >>>> >>>> >>>> >>>> And finally, we'll be moving the Vancouver $56k WC booked in Jan but >>>> belongs in 2023. >>>> >>>> >>>> >>>> Please let me know if you have any questions or if I missed anything. >>>> >>>> >>>> >>>> Thanks Tim >>>> >>>> >>>> >>>> >>>> >>>> >>>> >>>> >>>> -- >>>> >>>> *Tim Thomas* >>>> >>>> Head of Canada Division >>>> >>>> *Please note my email has changed:* >>>> >>>> tt@TheKey.com >>>> >>>> (514) 591-9387 >>>> >>>> *TheKey.ca * >>>> >>>> [image: TheKey] >>>> >>>> >>>> >>> > > -- > Tim Thomas > Head of Canada Division > *Please note my email has changed:* > tt@TheKey.com > (514) 591-9387 > TheKey.ca > [image: TheKey] > --000000000000411c46061287e2e0 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Alright.=C2=A0 Thanks Tim.=C2=A0 I'm putting the entri= es together, and as soon as we can open 2023, I'll post=C2=A0 and let y= ou know when complete On Thu, Feb 29, 2024 at 11:31=E2=80=AFAM Timothy Thoma= s < tt@thekey.com > wrote: Exactl= y On Thu, Feb 29, 2024 at 11:24=E2=80=AFAM Daniel Barakat < daniel.barakat@thekey.com > wrote: Ok.=C2=A0 So Randi followed up with me.=C2=A0 The $66k is t= he remaining balance for Montreal right?=C2=A0 Vancouver is the only one we= have to accrue for.=C2=A0 The rest is remitted through payroll, and we pay= the balance at the end of the year. On Thu, Feb 29, 2024 at 10:51=E2=80=AFA= M Daniel Barakat < daniel.barakat@thekey.com > wrote: Thanks Brian.=C2=A0 Yes.= =C2=A0 The=C2=A0$56k already on our radar.=C2=A0 Also, about Vancouver'= s EHT.=C2=A0 We already accrued $90k out of the $99k, so it'll be a sma= ller adjustment.=C2=A0 For Montreal, I'll confirm with Randi where she = accrued that to and will update you on that.=C2=A0=C2=A0 On Thu, Feb 29, 2024 at 10:44=E2= =80=AFAM < b= rian.fialko@thekey.com > wrote: = Hi Tim, =C2=A0 The workers comp expense is reflected in our adjustment= s below and will be entered in 2023: =C2=A0 =C2=A0 From: Timothy Thomas < tt@thekey.com > Sent: Thursday, February 29, 2024 10:42 AM To: Daniel Baraka= t < daniel= .barakat@thekey.com > Cc: Brian Fialko < brian.fialko@thekey.com &gt= ; Subject: Re: 2023 Adjustment Entries =C2=A0 Hi Daniel, =C2=A0 The adjustment for holiday wages