It’s tax time in Jamaica, and many business owners and self-employed persons are putting things in place to fulfill their annual tax obligations. March 15 is the deadline for these persons to file several tax returns and remit payments to Tax Administration Jamaica (TAJ).
For those who follow proper accounting practices in their business operations, this annual tax period may not bring on too much anxiety. Once business people keep their records up to date with simple bookkeeping systems, giving the Government its due should not be an problem.
However, for the large number of entrepreneurs who fail to utilise basic accounting procedures, tax time will definitely present a major headache. The last thing business owners need is the threat of having the tax authorities investigating their operations! Continue reading The Stress-free Way to Pay Your Taxes