Auto news on Youtube Sep 28 2017

Gifting and receipting - Gifts of service Website and software Charities Directorate

Let us look at a few examples explaining how to proceed when you receive a gift of a website or software.

Your charity hires a small software company to build a website to meet the specific needs of your charity. The company charges $250 per hour and the website will take 60 hours to build, for a total cost of $15,000.

Upon completion of the website, the company suggests that, rather than invoice the charity for payment, it will be willing to accept a donation receipt for $15,000.

Can you give a donation receipt to the software company for $15,000?

If you said "No," you are correct. Creating the website is a result of time, skill and effort, a nd donation receipts cannot be given for gifts of service.

Upon analyzing the charity's specifications, the small software company states that they have a pre-designed software product, a website template that was designed just for charities.

The software company sells this product for $3,000. The company is willing to freely donate this product to the charity.

If your charity accepts this as a gift, can you issue a donation receipt for the $3,000 software product?

Yes, you can issue a donation receipt for $3,000 as long as you have documents to confirm that this is the fair market value of the software product.

To summarize, what has changed between these two examples to allow a donation receipt?

In the first example, there is no product, just the need for time, skill and effort to create the customized product. In the second example, the software company has a finished off-the-shelf software product, a property that sells in a free and open market.

(The Charities and giving website address appears on the screen: Canada.ca/charities-giving)

(Icons appear on the screen with the following words beside each related icons: "What's New" electronic list, Twitter account: @CanRevAgency and the YouTube Channel CanRevAgency)

(Hashtag CRA charities appears on the screen)

(A Canadian Flag emblem, the Canada Revenue Agency and Agence du revenu du Canada appear on the screen)

(Screen shows a copyright emblem and the wording Her Majesty, the Queen in Right of Canada, as represented by the Canada Revenue Agency, 2017)

(The last screen shows the wording CANADA and an emblem of the Canadian flag)

For more infomation >> Gifting and Receipting: Services - Website and software - Duration: 2:21.

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Frontier Software Payroll and Self Service - client testimonial - Duration: 3:04.

It's such a simple and efficient and effective system to use its stable, that's credible

That's accurate the fact that you can learn it quickly and it can do everything you need to do. It's legislatively compliant

It's got all the bells and whistles that you expect from a really high quality system

The front end or the Employee Self Service and Manager Self Service functionality is brilliant

I think it's second to none. It's simple. It's easy to use. It's intuitive

And then that's backed up by a you know a world-class reliable system.

That's always on that has never had any downtime for us at all. It's one of the best payroll platforms out there

You can't go wrong

Latitude Financial Services journey with Frontier Software began about 18 months ago when I got into this role

It was a really exciting time with lots of strategic change lots of transformation and a massive growth agenda.

And we recognized very quickly that the payroll system was suffering

We had a lot of risk that we were carrying in the old way of doing things

And we needed to remove that. We had a five-month window in which to purchase, build and integrate the payroll system

with our Workday that we were building at the same time.

In a payroll provider when we went out to market we were looking for a stable, credible, consistent, accurate system.

I made the call to Frontier Software sales team and said: Can you come and have a chat as part of a process we were running?

And we talked about the risk areas; we talked about how Frontier Software could partner with us and work towards a future state

that would be low risk and you know dependable and reliable.

And out of all that Frontier Software was the obvious choice.

What Frontier Software were able to do was to come in with a complete end-to-end solution.

Integrations with all of our other software integrations with all of our other IT systems

and just create a succinct bundle

We knew where we wanted to go; they could do it; the system catered for all our needs and so it was a pretty much a slam-dunk

We liked the consultant based implementations. The consultant came in sat with us worked with us

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We've paid everybody accurately since day one and that's you know that's been a massive assistance to us

I would suggest that people who are looking for a payroll service speak to Frontier Software

Their business development salespeople are excellent. They're not going to sell you a dream. They'll sell you the truth, and I think that's really important

They'll look at what your solution needs to do and explain what Chris can do to meet those needs

Pick up a phone, and you won't be disappointed.