Robley Baynes – Page 2 – Robley Baynes

20Dec 2023 by Robley Baynes

FCCA Mikhail Baynes | Recognition Ceremony

New FCCA Member | FCCA Mikhail Baynes 7th Dec, 2023Congratulations on achieving the esteemed status of FCCA (Fellow Chartered and CertifiedAccountant).Becoming an FCCA opens up a whole new realm of opportunities. It demonstrates your extensive experience, signifies a high level of expertise, steadfast dedication and your immense value, not only to the accounting profession, which has always been integral to economic development, but also to mentor and support aspiring and other ACCA students who are working towards completing the qualification. Your guidance and wisdom can truly make a difference in their paths toward membership, shaping the future of the accounting profession. Watch a clip from Tobago updates on this milestone: (3) Video | Facebook

20Dec 2023 by Robley Baynes

5 Tips To Simplify Payroll In 2024

Financial Management, Payroll, Tax Planning

Operating a small business often involves navigating a critical, yet time-consuming element such as payroll, especially when you have employees who expect to receive their paychecks on time. Payroll essentially determines how you and your staff get paid. In this guide we’ve demonstrated strategies that can simplify your overall payroll process in the new year to come. As a small business owner, you can streamline the efficiency of your payroll by using the following strategies we’ve provided below: Use of Direct Deposit/Online Banking Create a Payroll Calendar Distinguish how your employees would be paid Outsource a payroll professional Keep policies and procedures clear Use of Direct Bank/Online Banking The first tip to make payroll more efficient is to make use of Direct Bank Deposit. Direct Deposit allows small businesses to…

17Nov 2023 by Robley Baynes

A Guide To Taxation for a Sole Trader Business

Tax Planning

Small business owners, especially new business owners, usually have quite a bit on their shoulders to maintain. From management of staff, payroll, bookkeeping, marketing, and business operations it can be a task doing it on your own. However, one of the major things business owners need to consider is that their taxes must be up to date and in order. In this guide, we navigate sole trader taxes, deadlines, income tax returns, business profits, and all filing requirements to prepare small business owners, independent contractors, and self-employed individuals for the next tax year. When setting up a new business, it’s important to learn how to choose a business structure that’s right for you and determine how it will affect the specifics of your business’s taxes. Many small businesses usually levitate…

11Oct 2023 by Robley Baynes

Crucial Accounting Tips For Small/Start-up Business

Financial Management, Robley Baynes, Small Business Guides

As a small or start-up business owner, one of the major things you need to consider before you commence operations is your business taxes and accounting. Many start-ups regretfully leave this for later, but this is something you’ll want to get to work on as soon as possible. In this article, we’ve provided 6 tips which you should consider before starting a business or in the early stages of business. As Captain Number Cruncher, Robley Baynes can assist you with the specific areas provided below. Track Your Expenses From Day One From the very first purchase, you’d need to monitor and keep track of your expenses to reduce tax liabilities. Often a business owner’s core focus is creating or maintaining products or building clientele whilst neglecting the accounting aspect of…

22Sep 2023 by Robley Baynes

Setting Achievable Financial Goals For Your Small Business

Small Business Guides

Goal setting can sometimes be challenging especially when setting goals for your business’development and growth. You might think about what you want to achieve with your money but turning this into a reality requires creating a specific, measurable, and achievable plan to follow. What are financial goals? A financial goal is considered to be a monetary goal you strive to hit or accomplish. Your financial goals can relate to saving, spending, earning or even investing. Financial goals can often be grouped together with your budget and financial plan but it’s important to remember that your financial goals are completely separate. If you have a specific financial goal sometimes, it may be a bit crucial. Without a financial goal in mind, you may lose sight of what you’re saving for, and…