06Nov 2019 by Robley Baynes
Tax Evasion

Tax Evasion

Tax
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 EVASIONTax evasion is the wilful avoidance or underpayment of a tax. Both individuals and business entities can engage in tax evasion.There are a number of ways to evade taxes, such as not reporting taxable income and overstating the amount of applicable tax deductions and tax credits.Those found guilty of tax evasion can receive substantial fines and may also be charged with criminal offenses that can result in a person serving time in jail.Tax evasion differs from tax avoidance, where a taxpayer is using legitimate methods…
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02Nov 2019 by Robley Baynes
Entrepreneurship and The Entrepreneur

Entrepreneurship and The Entrepreneur

Events
Entrepreneurship and The EntrepreneurThis is a rare opportunity to get FREE direct advice from Robley Baynes Partners and make valuable connections with other business achievers.This business forum for usually driven entrepreneurs and business owners looking to build and accelerate a high-impact, high-growth and high-performance enterprise.Dominate your market. Become the authority. Revolutionalise your industry. Influence your surroundings. Make an impact. Be the Industry Game-Changer. Transform your community.Register for FREE Entrepreneur Access Pass today. Click here - https://www.eventbrite.com/e/entrepreneurship-and-the-entrepreneur-tickets-81230128501Know a driven entrepreneur? Share with a friend!TO STAY CONNECTED FOLLOW US ON:  Instagram @ RobleyBaynesFacebook @ Robley Baynes Tax & Accounting ServicesLinkedin   @ Robley Baynes Tax & Accounting ServicesROBLEY BAYNES ● WE LISTEN ● WE UNDERSTAND ● WE DELIVER!Look forward to hearing from you!For More Info Call : ️(868) 368-8298(868) 364-2105
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31Oct 2019 by Robley Baynes
Tax Planning Vs Tax Management

Tax Planning Vs Tax Management

Tax
Tax Planning Vs Tax ManagementIt’s critical that you understand the difference between the two! What techniques your business is currently utilising? Is it Tax Planning techniques, Tax Management techniques or even both! Knowing the Comparable differences will have a major impact on your Business profitability.Below are our view on Tax Planning vs Tax Management from the Accounting & Advisory Team at Robley Baynes Tax & Accounting Services.Tax Planning Vs Tax ManagementTax Planning is all about planning of taxable income and planning of investments of the Tax Payer. As against, Tax Management deals with the proper maintenance of financial records, audit of accounts, timely filing of the return, payment of taxes and appearing before the appellate authority, whenever required. Some of the major comparisons includes:TAX PLANNINGTAX MANAGEMENTThe objective of tax planning is…
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24Oct 2019 by Robley Baynes
What Is Tax Planning?

What Is Tax Planning?

Tax
What Is Tax Planning?If you fail to plan, then plan to fail!!!! The success of your business depends on it!Below are our view on Tax Planning from the Accounting & Advisory Team at Robley Baynes Tax & Accounting ServicesTax PlanningTax Planning is a broad term that is used to describe the Process utilised by Individuals and businesses to pay the taxes due to the Tax authorities e.g. Board of Inland Revenue.The process includes such elements as Managing Tax implications, understanding what type of expenses are Tax-Deductible under current regulations. In general planning for Taxes in a manner that ensures that the amount of tax due will be paid in a timely manner.Thus, Planning for Taxes involves knowing:Income that currently Qualify for TaxationIncome That currently Exempt from TaxationTypes of expenses that…
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22Oct 2019 by Robley Baynes
What Is Tax Management?

What Is Tax Management?

Tax
What Is Tax Management?No one likes to pay taxes. But taxes are the law.Below are our view on Tax Planning from the Accounting & Advisory Team at Robley Baynes Tax & Accounting ServicesTax ManagementTax Management means dealing with the Tax matters of a Company with the view to maximising the after-tax rate of return on Investments after ensuring voluntary Tax Compliance:To ensure an effective Tax Management System and Process within your Company as a Business owner you must ensure the following:Ensure that it keeps proper books and records.Deduct Tax at source where it is necessary e.g. VAT, PAYE etcFile all Returns on time e.g. Monthly, Bi-Monthly, Quarterly and AnnuallyRemit all Taxes Contributions on time to the Board of Inland Revenue in Time, If applicableComply with all notices received from the…
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