Andersen Global Enters Trinidad and Tobago

Andersen Global Enters Trinidad and Tobago

tobago office opening
Andersen Global continues its expansion in the Caribbean by way of a Collaboration Agreement with full-service tax firm Robley Baynes, marking the organization’s debut in Trinidad and Tobago.Established in 2018, the firm provides a full scope of services including tax and advisory, financial, corporate and management. Led by Partners Kendell Robley and Mikhail Baynes, the dynamic and innovative firm assists clients with value-added solutions focused on business improvement and growth, leveraging their resources and experience across a wide range of client engagements.“We constantly strive to provide best-in-class, client-focused solutions with a high-caliber team of professionals,” Kendell and Mikhail said. “Our collaboration with Andersen Global will allow us to expand our capacity and global footprint, bringing opportunities for broader and more seamless service globally.”“We are delighted to work with Kendall, Mikhail…
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Robley Baynes Tobago Office Opening

Robley Baynes Tobago Office Opening

tobago office opening
We are excited to share with you that we have opened our first, new and modern office, in Tobago! It is located at Unit 12 Milford Bay Plaza Crown Point. On Monday 27th January 2020 we held a Robley Baynes Team & Family Launch in Recognition of our tremendous progress and the people who would have stood with us since our inception in 2018. We are grateful for the support of our family, our first staff members and our first clients! Our New Office Will Be Open to Serve the Island of Tobago’s Tax & Accounting Needs! Our Office Hours, for scheduled appointments will be from Monday to Thursday, 8am to 4pm and Friday 8am to 12pm. Call 293-1508 to schedule your appointments. We will connect with you soon. TO…
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Tax Exemptions

Tax Exemptions

Tax
It's YOUR move now! It's important to know what's your next move as it pertains to your company's Tax Management Strategy. We are happy to evaluate the topic of exemptions to better equip you for success in 2019 and beyond. TAX EXEMPTIONS An exemption is a legally-allowed reduction of the reported amount of taxable income. The following are some examples of exemptions allowed in Trinidad & Tobago: A deduction from taxable income of a resident of Trinidad and Tobago where the total income does not exceed Seventy-Two Thousand ($72,000) which is the amount of the personal allowance for a year of income. Pensions - Those under the National Insurance Act. Interest for saving accounts accruing to resident individuals on saving accounts or on Bonds or other Similar Investment instruments. Depending…
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Taxable Income

Taxable Income

Tax
Taxable or Non-Taxable?This is one question always on the mind of every business owner!We have chosen to inspect the question of Taxable Income on this week's post, better equipping you for success in 2019 and beyond.TAXABLE INCOMETaxable income is a taxpayer's gross income, minus any allowable tax deductions or exemptions.A tax rate is applied to the taxable income figure to determine the amount of tax payable by a taxpayer.Many types of income can be included within the taxable income classification within Trinidad and Tobago including the following:CompensationDividend incomeGambling winningsInterest incomeLottery winningsProfits from the sale of real estateProfits from the sale of securitiesTip incomeOther types of income that are not classified as taxable income, including the following:Child support paymentsIncome paid into a retirement accountInheritancesScholarshipsWelfare Benefits or GrantsWorkers' Compensation paymentsAs an entrepreneur…
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Tax Avoidance

Tax Avoidance

Tax Avoidance
It’s critical that you understand Taxation Terminology and principles as an Entrepreneur. We are committed to providing guidance as it pertains to Organisational and Personal Financial Matters.Below are our view on Tax Evasion from the Accounting& Advisory Team at Robley Baynes Tax & Accounting Services.TAX AVOIDANCETax avoidance involves the use of legal tax planning techniques to minimize a taxpayer's tax liability. Examples of tax avoidance are:Purchasing qualifying assets which is Tax deductible under the Tax local provisions e.g. Solar Water Heaters.Paying funds to registered non-profit entities in order to use the related charitable deduction.Paying pre-tax income into a qualifying tax-sheltered retirement Pension plan or Annuity.Acquiring a mortgage in order to take advantage of the related tax deduction for 1st Time Property OwnersTax avoidance schemes can be reduced by adopted a…
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