[OSGeo Finance] PEO Canada

[Ken Tamura]

Nice work.  Yes, I think PEO is a money well spent given the tax/payroll services they provide.  And it provides a good arms-length (independent third party) process that we wanted in place for payroll expenses.

As far as FX rates, my recommendation is to use the conservative rate for the budget.


Ken Tamura
Geospatial Solutions of Autodesk, Inc.
415-547-2114 (w)    415-299-1704 (c)

-----Original Message-----
From: finance-bounces at lists.osgeo.org [mailto:finance-bounces at lists.osgeo.org] On Behalf Of Frank Warmerdam (External)
Sent: Wednesday, November 12, 2008 1:06 PM
To: Finance List
Subject: [OSGeo Finance] PEO Canada

Folks,

Tyler and I had a conference call with our representative from PEO Canada
(Sandy Newman) who briefed me on how their payment services work for Tyler.
She also prepared a rough estimate for what our costs will be for 2009 based
on the current salary for Tyler. It works out to $106269 CAD with various
fees, taxes, and benefits.  I will use this for the budget.  The exact amount
will vary a bit depending on last minute changes to government rates for
stuff like Employment Insurance, Canada Pension Plan, and Workman's
Compensation.

Based on the complexity of what is being provided, I think the apparent
rate of $188 CAD per month charged by PEO is reasonable.  (They also charge
a modest additional fee to administer the health care spending account).

The benefit package seems reasonably comprehensive.

The raw salary portion is $90,536.40 CAD.

BTW, any advice on what I ought to use as a currency conversion rate in the
budget? I was planning to use $0.85 USD = $1.00 CAD. I think the current rate
is $0.83 or so, but it has fluctuated quite radically over the last year (from
a bit over $1.00 to a recent low around $0.78 or so).

A rate of 0.90 might be more conservative.

Best regards,
--
---------------------------------------+--------------------------------------
I set the clouds in motion - turn up   | Frank Warmerdam, warmerdam at pobox.com
light and sound - activate the windows | http://pobox.com/~warmerdam
and watch the world go round - Rush    | Geospatial Programmer for Rent

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