The Timely Entrepreneur brings together the resources in order to assist startups/entrepreneurs. We attempt to connect the dots and bridge the gaps in entrepreneurship. https://www.thetimelyentrepreneur.com/index.php/component/tags/tag/business-accounting2024-05-12T15:18:56+00:00The Timely EntreprenreurJoomla! - Open Source Content Management - Version 3.10.112019-10-06T22:51:07+00:002019-10-06T22:51:07+00:00https://www.thetimelyentrepreneur.com/index.php/blog/189-comminglingCherise Castle-Blugh

<p><span style="font-size: 12pt;"><strong><i>Commingling Of Funds</i></strong></span></p> <p><span style="font-size: 12pt;">According to Black’s Law Dictionary, ‘<i>commingling</i>’ is defined as, (Of a fiduciary) “to mix personal funds with those of a beneficiary or client.”</span></p> <p><span style="font-size: 12pt;"><i>Even as a small business, it is important to set up separate accounts for your business and personal needs.</i></span></p>

<p><span style="font-size: 12pt;"><strong><i>Commingling Of Funds</i></strong></span></p> <p><span style="font-size: 12pt;">According to Black’s Law Dictionary, ‘<i>commingling</i>’ is defined as, (Of a fiduciary) “to mix personal funds with those of a beneficiary or client.”</span></p> <p><span style="font-size: 12pt;"><i>Even as a small business, it is important to set up separate accounts for your business and personal needs.</i></span></p>2021-03-18T10:25:47+00:002021-03-18T10:25:47+00:00https://www.thetimelyentrepreneur.com/index.php/blog/351-vat-registrationCherise Castle-Blugh

<p>As required within the jurisdiction of Trinidad and Tobago, individuals or businesses that makes a<img style="float: right; padding-left: 10px;" src="https://www.thetimelyentrepreneur.com/images/pexels-nataliya-vaitkevich-6863176.jpg" width="269" height="228" /> gross sales value of TT$500,000 or in excess of TT$500,000 in any 12-month period, MUST register for VAT.</p> <p>Individuals and businesses whose sales forecast is TT$500,000 or more within any 12-month period, MUST also register.</p>

<p>As required within the jurisdiction of Trinidad and Tobago, individuals or businesses that makes a<img style="float: right; padding-left: 10px;" src="https://www.thetimelyentrepreneur.com/images/pexels-nataliya-vaitkevich-6863176.jpg" width="269" height="228" /> gross sales value of TT$500,000 or in excess of TT$500,000 in any 12-month period, MUST register for VAT.</p> <p>Individuals and businesses whose sales forecast is TT$500,000 or more within any 12-month period, MUST also register.</p>