Our Blog
Our blog is loaded with additional resources on registering a business in Trinidad and Tobago. Along with business tips, our journey into entrepreneurial lifestyle. Moreover your tax and legal obligations as an entrepreneur in Trinidad and Tobago.
The categories are as follows:
Business Registration
Choosing a colour for your logo…Part 3
What different colours mean? You need to pick your colours carefully to enhance specific elements of the logo and bring nuance to your message with the use of shade and tone. Every colour, including black and white, has implications for logo design. In general terms, bright and bold colours are[...]
Choosing a colour for your logo…Part 2
This week… fundamentals of colour (you might want to download a colour wheel). Colour fundamentals: Trends change, but colour fundamentals stay the same. No matter what look you want to achieve, look to these classic colour relationships for ideas. Monochromatic: A monochromatic colour scheme uses colour variations that come[...]
Choosing a colour for your logo…Part 1
Understanding the psychology of colours is vital to designing an effective logo, The human mind is highly responsive to visual stimuli, and colour is one of the major defining factors in that response. On both a conscious and subconscious level, colours convey meaning – not only in the natural world but also[...]
Choosing a Business Name…Part 2
This week…3 more tips to choosing your business name. Give It Time Now that you have conducted your brainstorming session(s) and have a long list of possibilities, it's time to review and analyse your results. Go through your list and remove any non-contenders, sort similar names and mark the[...]
Business Tips
Accounting, Taxes and Legal Tips for Entrepreneurs
Entrepreneurs always ask "how can I reduce my taxes?" My answer, "It is based on how you record and track your business expenses and your source of income." Here are 16 business accounting, tax and legal tips for any small businesses which may be used when getting your business[...]
Ways to Brand Your Business Online
As small business owners and entrepreneurs with limited budgets, we do not have the luxury of spending millions of advertising dollars to brand our businesses. Fortunately and thanks to a fundamental shift in the way that business is being conducted these days, there are a few things that you can[...]
How should a CEOs spend their time?
So you have started your business and there are times when you feel so overwhelmed that you just feel like throwing in your hat and quitting. Here are a few tips on how you should spend your time on each of the roles that you will have to play[...]
E-Commerce Website…Part 2
This week…the other five steps to optimise your online store. Powerful Content: As online tools and techniques move change, so do online users – they have become more demanding and savvy to marketing techniques. This encourages powerful content! Using techniques such as blogging can make the difference between bland[...]
Debt Management
Getting out of debt on low income…Part 8
This week...snowballing and stacking Snowballing is that you list your debts in order of lowest dollar amount owed to highest dollar amount owed. You pay every extra penny you have toward the weakest while paying only the minimum monthly payment on the rest. When one debt is paid,[...]
Getting out of debt on low income…Part 7
This week…How do we actually budget?? Is what’s coming in more than what is going out? How much is left over at the end of each month? You’ll have at least that amount to start paying off debt. We want to make that number higher and we will, but it’s good[...]
Getting out of debt on low income…Part 6
This week…make some extra money Make some extra money It’s easier to cut spending than make more money but if you’re in a lot of debt, working only one job might just be your answer. You need to have at least one additional income stream until you are out[...]
Getting out of debt on low income…Part 5
This week…the medium stuff and interest rates The medium stuff There are specific products and services that have various providers that we probably aren’t getting the best deal we could. It pays to shop around. How many television shows do you watch? It’s probably just a handful sprinkled[...]
DP Stories
2018 Year In Review
15 years ago we made our dream a reality by registering our company ANGEL SERVICES where our aim was to assist startup and veteran businesses to make valuable management decisions, all geared toward assisting entrepreneurs secure themselves against bankruptcy. 7 years ago our CEO Mrs. Letetia Superville-Barratt took that leap[...]
2017 Year In Review
2017 we were official a limited liability company. It took a little bit of adjustment as for many LLC you will realise your biggest business expenses is payroll. Since you now have to account for the two-thirds portion of the national insurance contribution which is a deductible expense. The problem here[...]
2016 Year In Review
Running a business is like giving birth to a child. All you parents will understand especially mothers. You need to be patient with it. It is going to be trying. You will shed some tears. You will want to give up. This is why it's important to have systems in[...]
Holiday Tips
Recession Christmas
This is not a time to keep up a pretense of wealth and "anything goes". Everyone knows we are in a recession and although not everyone suffers equally, it is well understood that only the foolish spend money unwisely during such a time. Explain to family members that expectations[...]
Back to School…Part 2
Some more tips to help you start the school year with a little less stress and a little more of your sanity intact. Set your child’s sleep schedule back to "School Time" two weeks before the first day. Resume rules about screen time for the school year. What's allowed[...]
Back to School…Part 1
Starting the new school year can be a time of great excitement… and anxiety, here are some tips to help you and your children start the new school year right. Meet the new teacher. For kids, one of the biggest back-to-school fears is “Will I like my new teacher?”[...]
Summer Safety Tips…Part 2
Vacation camps have many fun and exciting things to offer kids freed from school and homework during the August vacation. But before packing your child off to camp, you should get to know what medical and safety services are available -- or not, as the case may be. [...]
Money Management
Signs your business is failing…Part 2
This week we conclude our article on “Signs that your business is failing” Underestimating the Role of Technology: It’s important to recognise the impact of technology and its role in determining how and when consumers make purchasing decisions. In a few short years, smartphones and tablets have fundamentally changed[...]
Signs your business is failing…Part 1
The world of business is a cutthroat industry where, as a business owner, you sink or swim. When running a business, it’s crucial that you keep an eye on your business operations at all times so that you’ll see the early warning signs that may suggest your business is starting[...]
Financial Independence…Part 3
So how do we calculate your Financial Independence Figure? Written as a formula it is: Investment Income > Personal Financial Needs Investment income is the money you receive from investment assets like real estate, stocks, and bonds (refer to articles on Passive Income). When your investment income exceeds[...]
Financial Independence…Part 2
Before you can declare “Financial Independence” you must know what is your financial independence figure. Your financial independence figure tells you when you’re free from the need to work. It’s basically a math equation. But calculating your personal financial independence figure is about much more than money or math. It’s[...]
Saving & Investment
Mutual Fund…Part 2
This week… How to select a mutual fund and the pros and cons of investing in a mutual fund… How do I select a fund that's right for me? Every fund has a particular investing strategy, style or purpose; some, for instance, invest only in established companies. Others invest in[...]
Mutual Funds…Part 1
Mutual funds are perhaps the easiest and least stressful way to invest in the market. In fact, more new money has been introduced into funds during the past few years than at any time in history. Before you jump into the pool and start throwing your money at mutual funds,[...]
Buying Stock…Part 2
Continuing our questions to ask before buying stock… How Profitable Is It?: In addition to growth, look at how efficiently the company makes money. Return on assets shows how well it has translated a dollar of its asset base into a dollar of profits. A company with a return[...]
Buying Stock…Part 1
Alter our break to write in winning the lotto, we are back to our investment series. This week…Questions you must ask before purchasing stock. Are you buying the stock, because your brother told you? Or you got a tip from the barman? Or are you just buying the[...]
Taxation
Intaxication – Business
So last week we spoke about “intaxication” for personal taxes. This week we will look at “business intaxication” Remember we told you in our earlier articles that business expenses were tax deductible? Well how about looking at your inventory and see what new equipment you need? Maybe a[...]
Intaxication
Did you know this word even existed? We sure didn't! It is the intoxicating feeling you get when you complete your taxes! It’s an AWESOME feeling, right? Do you know if you plan your taxes right, you will NEVER have REFUNDS? This increase your monthly tax home pay and[...]
Tax Obligations for Entrepreneurs…Part 2
FOR SELF-EMPLOYED PERSONS/SOLE TRADERS This is a summary of specific taxes which may be applicable to the Sole-trader or Self Employed person and the dates on which they are due and payable. Self employed persons include Taxi Drivers, suitcase traders, vendors, hairdressers, tradesmen, doubles vendors, etc. A Partnership comprises two or more[...]
Tax Obligations for Entrepreneurs…Part 1
As an entrepreneur, you are required by law to have a B.I.R. number for your entity whether sole trader, partnership, limited liability or non-profit organization. Please note there are NO FEES attached to this service offered by the Ministry of Finance except if this task is performed by a third[...]
