Tag Archives: Small Business

Government Needs to Protect Small Businesses

Perhaps more than many, I can empathise with individuals who have recently seen their business either fail or brought dangerously close to insolvency. In 47 years it has happened to me twice and in both cases, they were largely external forces which caused near personal financial catastrophe. Of course, it is easy to attribute the […]

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Peach and Quiet:Small Businesses Should Have the Right to Offset

The following is a communication which was sent to the VAT Office by Hotelier and social commentator Adrian Loveridge. On or before the 15 March 2013, we will be expected to pay over to Government the amount of $37,526.60 in Corporation taxes due for the last financial year [2012]. If we do not pay on […]

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Entrepreneurship Key to ‘Rebirthing’ This Fair Land

“In plenty and in time of need. When this fair land was young, Our brave forefathers sowed the seed. From which our pride was sprung…” From time to time in Barbados the debate centres on how Barbadians can enable the landscape for entrepreneurship to flourish. A casual observation confirms that a large and growing Barbados […]

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Usury Interest Rates?

A couple of days ago we approached our bank about rates for a commercial mortgage and were quoted rates of between 11.5 and 14.5 percent interest. Yet only recently I saw an article where the banks were attempting to pressurize the Central Bank to lower the interest rate paid to depositors from the current minimum […]

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Government Must Not Kill The Golden Goose – Small Hotel Suffers 50 Percent Hike In Land Tax Valuation

Just when you were beginning to think that it was almost impossible to absorb anymore increased operational costs and stay in business, out of the blue comes yet another surprise. This time for us, its a 50 per cent hike in our Land Tax Valuation. The number of hotels that have closed over the last […]

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ENTREPRENEURSHIP – Latest Buzz Word For Government

The revival of the demand for a relatively unknown entertainment licence has frustrated the efforts of many promoters to host Crop Over fetes resulting in losses for this sector. It is a reflection of the regard with which small businesses are held by government. This economic crisis has taken a toll on the small business […]

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