Taxation Preparation
Our Taxation Preparation Services ensure that you remain in full compliance with the country’s tax laws. We understand that taxes can be difficult and overwhelming, for both individuals and entrepreneurs. In particular, we’ve designed a simple and efficient system to encourage timely filing and payment of your taxes. Especially before the April 30th deadline. In times of amnesty periods, you can take advantage of the penalty and interest pardons.
Moreover, filing and paying your taxes is a crucial aspect of your life. Additionally, here are some reasons why filing your taxes is important:
- Unlock Opportunities: In particular, proper tax filing is essential for securing tenders, receiving VAT or tax refunds, and accessing government grants or loans to fuel business growth.
- Securing Your Future: Filing taxes plays a role in receiving pension payments from National Insurance or social welfare assistance upon reaching retirement age.
- Building the Nation: Your tax contributions contribute to vital community infrastructure like hospitals, schools, and public services, ensuring the well-being of society.
- Supporting Essential Services: Paying taxes enables the salaries of teachers, healthcare professionals, law enforcement, firefighters, and other essential public servants.
- Ensuring Smooth Governance: Taxes help in the day-to-day functioning of the country, from public services to overall development.
Moreover, paying taxes is more than a financial obligation. Without a doubt, it’s your civic duty as a responsible citizen. Hence, your contribution aids in the smooth functioning of the nation, promoting growth and prosperity. Igniting this sense of responsibility is key to fostering financial management not only for your business but also for your country.
Our team is dedicated to your success. We’re not just about numbers; we’re about your growth and the growth of your nation. Let’s work together to simplify taxes, ensuring both your business’s financial health and the well-being of your country.
Our Taxation Preparation Services
What clients are saying?
Jamelia Williams
Livin TriniDestiny Planners is a God sent. In addition, it is such a good feeling to have my business finances in order. And a team that genuinely looks out for the wellbeing of their clients.
Sophia Donatien
IndividualDestiny Planners is professional and gives honest helpful advice. In short, I will recommend their service to anyone looking for a good and honest team to conduct your business with. And customer service with a smile always.
Frequently Asked Questions
Sole Trader taxes payable
- Income Tax which is 25% on profit.
- And Health Surcharge which is $429 per year for 52 weeks and $437.25 per year for 53 weeks. (Only if your employee’s weekly income is more than $109).
- Likewise, Business Levy which is .6% on income earned for the year.
- They are paid every quarter on March 30th, June 30th, September 30th and December 31st.
- NOTE: If you work 8 to 4, you must combine the two incomes earned.
Partnership taxes payable
- Green Fund Levy .3% on income earned.
- Profits are divided as per the partnership act or whatever agreement made by the said partners.
- Each partner is liable to pay:
- Income Tax of 25% on the profit earned in the partnership.
- And, Health Surcharge which is $429 per year for 52 weeks and $437.25 per year for 53 weeks. (Only if your employee’s weekly income is more than $109).
- Likewise. Business Levy which is .6% on income earned for the year.
- They are paid every quarter on March 30th, June 30th, September 30th and December 31st.
- NOTE: If you work 8 to 4, you must combine the two incomes earned.
Limited Liability Company taxes payable
- Corporation Taxes which are 30% on profit.
- And, Health Surcharge which is $429 per year for 52 weeks and $437.25 per year for 53 weeks for themselves and employees. (Only if your employee’s weekly income is more than $109).
- Likewise, Business Levy which is .6% on income earned for the year.
- Green Fund Levy .3% on income earned
- They are paid every quarter on March 30th, June 30th, September 30th and December 31st.