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Key Bermuda Payroll Tax Updates from the Government’s Budget Statement for 2023-2024

Key Bermuda Payroll Tax Updates from the Government’s Budget Statement for 2023-2024

by Megan Nesbitt | Mar 21, 2023 | Payroll and Benefits

Significant changes to Bermuda’s payroll tax code were recently revealed in the Government’s Budget Statement. As an accounting firm. Abacus are committed to keeping you updated on the latest developments that may impact your business operations.  The Government...
10 Benefits of Outsourcing Your Accounting and Bookkeeping Services

10 Benefits of Outsourcing Your Accounting and Bookkeeping Services

by Megan Nesbitt | Dec 21, 2022 | Accounting and Bookkeeping, Management Consulting, Payroll and Benefits

Why does your business need outsourced accounting and bookkeeping services? For small and medium-sized businesses and start-ups, particularly, this may seem like an unnecessary additional expense. What does an outsourced service offer, that you don’t get from an...
The Basics of Bermuda Payroll Tax – Part 5: More Frequently Asked Questions

The Basics of Bermuda Payroll Tax – Part 5: More Frequently Asked Questions

by Megan Nesbitt | Sep 23, 2022 | Payroll and Benefits, Series: Payroll Tax

At Abacus, our ongoing commitment is to you as a fellow business owner. Our goal is to help take the stress of your accounting tasks off your shoulders so you can focus on running your business. We know that payroll taxes are complicated, and we hope this blog series...
The Basics of Bermuda Payroll Tax – Part 4: Frequently Asked Questions from Business Owners

The Basics of Bermuda Payroll Tax – Part 4: Frequently Asked Questions from Business Owners

by Megan Nesbitt | Sep 21, 2022 | Payroll and Benefits, Series: Payroll Tax

As a business owner, especially in the early stages of your company, it’s likely a lot of the payroll tax tasks rest on your shoulders. That doesn’t mean you have to figure it out alone! Not only do we offer a wide variety of services surrounding payroll and benefits,...
The Basics of Bermuda Payroll Tax – Part 3: Good News! Payroll Tax Calculators Are Here to Help

The Basics of Bermuda Payroll Tax – Part 3: Good News! Payroll Tax Calculators Are Here to Help

by Megan Nesbitt | Sep 18, 2022 | Payroll and Benefits, Series: Payroll Tax

At Abacus, we understand that calculating your payroll taxes can seem daunting, and we want to help. In the first two parts of this payroll tax blog series, we’ve covered what does and doesn’t qualify as taxable remuneration as well as defining the two key components...
The Basics of Bermuda Payroll Tax – Part 2: Employer Portion + Employee Portion = Payroll Tax

The Basics of Bermuda Payroll Tax – Part 2: Employer Portion + Employee Portion = Payroll Tax

by Megan Nesbitt | Sep 16, 2022 | Payroll and Benefits, Series: Payroll Tax

Abacus has an extensive history helping local Bermuda businesses with their finances and helping answer complex accounting questions. For many business owners, understanding payroll tax can be the cause of a lot of stress. We’re here to help. In this second part of...
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