software programs are small when compared to the lasting benefits of accurate bookkeeping . Your records will be organized , digitized , and easy for your accountant to access and follow .
So , file your taxes because there are many benefits . The benefits may seem small now but I guarantee they will pay off in the long run .
There are many benefits to filing taxes in Jamaica . You ’ ll have a legal business , be more likely to access loans and grants , be able to open a bank account , benefit from the NHT and NIS , and open your business to several opportunities .
Need help filing your taxes in Jamaica ? Connect with Shana by visiting her website .
Bonus Tips on Filing Taxes
You may have a regular 9-5 and another source of income . File your taxes on this additional income source ! You ’ ll access increased benefits such as a higher NHT mortgage . This is a big step that brings you closer to becoming a homeowner .
Paying taxes in Jamaica is important , especially if you are self-employed . Those taxes make you eligible for NIS pension and NHT benefits . The NHT looks at your SO4A tax filings as a self-employed person to determine whether you ’ re eligible for a mortgage . The NIS pension may be small but a little goes a long way .