Tag Archives: Accounting Packages

Managing Your Business Accounts

March is tax crunch time for many Jamaican taxpayers, as several annual returns and payments are due within this month. With the increased efforts of the Tax Administration Jamaica (TAJ) to inform persons of the rules and regulations, we all need to be aware of our tax obligations.

Last week we looked at some of the tax considerations for self-employed persons and individuals who earn extra income in addition to their regular salary. If you generate business income, or make money from investments or part-time sources, you may have to report your earnings at this time.

The TAJ recently noted that taxpayers should file the relevant returns for 2014 on or before the extended deadline of March 25 to avoid a $5,000 penalty which may be charged for each month the return is late. For tax assistance, contact the TAJ at 1-888-TAX-HELP or use their website at www.jamaicatax.gov.jm. Continue reading Managing Your Business Accounts

Making Money From Training

IN these tough economic times, it’s important for us to focus on income possibilities instead of just worrying about our financial problems. If we can envision a more prosperous future and then channel our energies into productive activities, then we will eventually overcome the money challenges that burden us today.

Over the past weeks, we have been highlighting a variety of options to earn extra money. If you are looking for part-time income, remember to concentrate on opportunities that fit your natural talents, which can be carried out after regular work hours or on weekends. Today, let’s look at ways to create income sources from training.

In this information age, many people recognise the importance of training to attain their goals. However, the problem is that most educational sources are priced beyond the means of the average consumer. In offering solutions to the market, you can gain a competitive advantage by charging lower rates and being more flexible to meet customers’ needs. Continue reading Making Money From Training