S1 EP 8: Your First Paycheck: Mandatory Deductions, Voluntary Deductions and More... Artwork

Infinity Talk Podcast

Hi, Welcome to the Infinity Talk Podcast, a financial education podcast where we'll have endless talks and discussions about money, taxes, business finances and management tips that can help you to start and grow your business.Our goal is to provide useful tips and resources that can help to solve some of the common questions and problems that individuals and small businesses might experience as it relates to taxes, bookkeeping, managing business finances and starting a business here in Trinidad and Tobago. Each week we hope to leave you inspired and more knowledgeable about how to manage various financial aspects of your personal life or your small business.

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Infinity Talk Podcast

S1 EP 8: Your First Paycheck: Mandatory Deductions, Voluntary Deductions and More...

July 25, 2021 • Season 1 • Episode 8

Receiving your paycheck at the end of the month is probably the most anticipated event for most! If you're getting your very first paycheck it's even more exciting! All paychecks come with deductions and It's important to understand and be informed of all these deductions and the benefits they come with. In Today's Episode we'll discuss:

Statutory Deductions
Voluntary Deductions

For a list of all benefits the NIB provides
https://www.nibtt.net/benefits_09/benefits_09.html

Sample TD1 Form:
https://www.ird.gov.tt//Media/Default/IRDForms/F-TD1--.pdf

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

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https://www.instagram.com/infinityaccounting_tt/
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