Infinity Talk Podcast

S1 EP 6: Self-Employed? Here's Everything You Need to Know About Taxes in T&T

July 04, 2021 Season 1 Episode 6
S1 EP 6: Self-Employed? Here's Everything You Need to Know About Taxes in T&T
Infinity Talk Podcast
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Infinity Talk Podcast
S1 EP 6: Self-Employed? Here's Everything You Need to Know About Taxes in T&T
Jul 04, 2021 Season 1 Episode 6

Being a sole trader and a self-employed person can be quite  tough especially having to navigate all the tax rules and regulations to remain in compliance with the law. 
In today's episode I hope to break down and make clear some of the  important taxes and some guidelines that you should follow as a self-employed individual or sole-trader. We'll chat about:

  • Income Taxes for Self-Employed
  • Business Levy
  • Statutory Deductions such as National Insurance /PAYE/Health Surcharge


To view NIS Contribution Rates:
https://www.nibtt.net/Contribution_Rates/cont_Sept05_2016.htm

For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st

Show Notes Chapter Markers

Being a sole trader and a self-employed person can be quite  tough especially having to navigate all the tax rules and regulations to remain in compliance with the law. 
In today's episode I hope to break down and make clear some of the  important taxes and some guidelines that you should follow as a self-employed individual or sole-trader. We'll chat about:

  • Income Taxes for Self-Employed
  • Business Levy
  • Statutory Deductions such as National Insurance /PAYE/Health Surcharge


To view NIS Contribution Rates:
https://www.nibtt.net/Contribution_Rates/cont_Sept05_2016.htm

For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st

In Today's Episode
Intro Music
Income Taxes for Sole Traders
Business Levy
NIS/PAYE/Health Surcharge
NIS Contributions
Recap
Infinity Gems
Outro