Infinity Talk Podcast: Recent Episodes
Sharell Thomas
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.
E-tax filing is still relatively new and many persons are still unsure or confused about what exactly e-tax filing is and how they can access the online portal and use it to file their taxes. In Today's Episode we discuss:
- Services Provided by the E-tax Online Portal
- Accessing the E-Tax Portal
- Benefits of registering an E-tax
- Guidelines for Filing Your Returns
To learn more about e-tax:
https://www.ird.gov.tt/etax
To register for a TTConnect ID:
http://www2.ttconnect.gov.tt/gortt/wcm/connect/360ffe0b-f9f3-4181-8dd5-6a2cdd3f3407/ttconnect+Requirements+for+Completion+of+Online+ttconnect+ID+eTax+%26+TTBi....pdf?MOD=AJPERES
To login to to your E-tax Portal:
https://www.etax.ird.gov.tt/_/
Connect with me on my socials:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
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
For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
You can claim deductions for any donations made to your church or charity during the tax year by utilising a Deed of Covenants. In this episode I discuss how you can register and claim these contributions as tax deductions each year and some key things to consider when deciding to register.
To download print or view a Sample Deed of Covenant Form:
https://www.ird.gov.tt/Media/Default/IRDForms/F-Deed_Of_Covenant--.pdf
For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
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
Today we switch things up a bit with a bonus episode!
In this Bonus Feature, we'll talk about retirement planning and how important it is to start early to reap the most benefits! We get deep into the reasons why you should not rely solely on National Insurance Contributions and Government pensions as your only source of retirement income and how you can benefit in the long-run from starting a retirement fund in your 20's.
Check on your NIS Deductions at:
https://www.nibtt.net/OCRS/Form_Request.html
Link to article written in the Guardian:
https://www.guardian.co.tt/business/imbert-worries-about-sustainability-of-national-insurance-fund-6.2.1340588.59ae92c133
For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
Deductions reduce your taxable income! In this episode, we explore two of the most common types of deductions, contributions and tertiary education expenses.
We'll discuss:
- The three (3) types of contributions and the documents you need to claim them.
- The expenses that qualify for a tertiary education expenses
- 3 Documents you need to successfully claim the tertiary education expense.
Check on your NIS Deductions at:
https://www.nibtt.net/OCRS/Form_Request.html
For more tips, info and useful resources follow me on social media:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
Every year, the government allows you to have a certain amount of your income TAX FREE!!! We call it a Personal Allowance!
In Today's short episode we'll talk about this allowance and what it does for you and your income!
Follow me for more tips, info and useful resources at:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
Confused about Tax Deductions?
Tax Deductions help to reduce our taxable income. They are very useful in reducing your tax burden and you should utilise as many as you possibly can! In today's episode I provide a simple guide to understanding deductions and some of the deductions available to us in T&T citizens!
Follow me for more tips, info and useful resources at:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
Hi guys, welcome to the first episode of the Infinity Talk podcast. Today we talk about filing tax returns, who is required to file and some key considerations or things you might wanna think about when deciding whether or not to file.
For more information on income tax regulations in Trinidad and Tobago, check out the following website:
http://www.ird.gov.tt
Follow me for more tips, info and useful resources at:
https://www.instagram.com/infinityaccounting_tt/
https://www.facebook.com/infinityservices.st
Hi, Welcome to the Infinity Talk Podcast, a financial education podcast where 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.