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You may be asking yourself what is the importance of Financial Ratios? If you want to be a successful business owner in Barbados you should know what these ratios are all about and how it applies to your business. Why? Ratios are used for two main reasons:- (1) To compare your business’ previous year’s performance […]

The answer to this question really comes down to your life’s goals. Getting a mortgage can be expensive but it will save you money over the years. While renting you have less freedom to live by your own rules but more flexibility if you need to move. So which one is it? To Rent or To

Are you in the process of requesting a loan from a financial institution in Barbados? If you are then you should take the time to understand what bankers mean when they say your Debt Service Coverage Ratio (DSCR) needs to be calculated. Its a key ratio which helps Banks determine if you could afford to

So you have decided to approach a bank in Barbados for a vehicle loan. Most banks will ask for the same standard set of information which I have detailed below. Additionally I have provided you with the reasons why each piece of information is required in order for you to be more informed. All these

People need to be mentally stronger and more resolute to hit goals, especially their wealth goals. There are a number of habits that can assist with your money resolution:- “My attitude has always been, if you fall flat on your face, at least you’re moving forward. All you have to do is get back up

Have you made the decision to start a new business? From a bankers point of view one of the most important steps is opening a Bank Account. Many small business individuals make the mistake of not opening a Bank Account for a number of reasons. They claim its too expensive or it takes too much

I recently had the privilege of completing this paper along with #F6 – Taxation in December 2018. This paper has consistently had the lowest percentage pass rate among all skills papers. For example the pass rate for this paper in June 2018 was 38%. I mean its not much lower than the next hardest paper

With so much options out there for qualifications why choose ACCA? Why is ACCA better than other Professional Degree. Accounting as a career option is growing quiet rapidly and provide students with an option to choose from the list of professional degree. But ACCA is one of the best options – why is that? 1)

The process of purchasing property in Barbados is similar to the UK because the island’s laws are based on the English system. However, there are important differences that needs to be considered when you decide to purchase a property. Through my extensive experience of dealing with professionals on the island and the mortgage process I