Infinity Talk Podcast

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

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

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