S1 EP 3: Your Tax-Free Income
06/06/21 • 8 min
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
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
Previous Episode
S1 EP 2: Understanding Tax Deductions
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
Next Episode
S1 EP 4: Claiming Your Deductions: Contributions & Tertiary Education Expenses
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
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