Doing Business in Trinidad and Tobago

Doing Business in Trinidad and Tobago Any foreign investor who’s pursuing an investment opportunity in Trinidad and Tobago needs to be well-informed about the available business structures in the country as well as their regulations and formation requirements. There are a number of factors investors should consider. I will be discussing the distinct forms of…

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How Much Tax Do Trinis Really Pay?

How Much Tax do Citizens of Trinidad and Tobago Really Pay? The evaluation of the total amount of money that citizens pay as taxes is not as simple as it may seem to be. The taxation systems used in countries vary. Additionally, the income levels, the occupation and nationality of a person also matters. There…

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Common Accounting Terms: Bank Reconciliation

Common Accounting Terms: Bank Reconciliation Bank reconciliation is a very common accounting term which might not be fully fathomed by a lot of people. So, what is bank reconciliation? Please read through the post to find out. Checks issued by a company to employees, suppliers and others the presented to the bank for payment. The…

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Characteristics of Small Businesses

Characteristics of Small Businesses A Small scale business is defined by Small Business Act as an independently owned and operated which is not dominant in its field of operation. Small businesses have certain characteristics which include; Capital It term of capital, small businesses are characterized with a small amount of initial capital investment. Workplace culture…

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Balance Sheet Elements

Balance Sheet Elements   Balance sheet is the statement that measures a company’s financial standings. It consists of three main elements: Assets, liabilities and owners’ equity. The items of each category will be defined and explained.   Assets have 4 main categories: current assets, long-term investments, fixed assets and intangible assets.   Assets Current assets:…

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Accounting versus Bookkeeping

Accounting versus Bookkeeping Accounting and bookkeeping, are they the same thing? Can these two different terms be interchangeably used to describe the same process? We are writing this post to answer this question. Let’s get going, shall we?   Accounting and bookkeeping are not poles apart but they are not the same thing either. Many…

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Difference between a CPA and ACCA Accountant

Difference between a CPA and ACCA Accountant Both Associations of Chattered Certified Accountants and Certified Public Accountants are professional accountancy bodies. The Association of Chartered Certified Accountants is acronyms and popularly referred to as ACCA whereas The Certified Public Accountant is acronyms and fondly called CPA. Indeed, both bodies are accompanied with global reputations. Territory:…

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Human Psychology of Marketing – Introduction

Human Psychology of Marketing – Introduction When I was in my third year of my Engineering program I was told that I had to take a Psychology class. I wondered why in heavens name does an Engineer need to take a Psychology class. What would I really learn in this class that will be useful…

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