Tax season is upon us, with the annual filing deadline steady approaching. For those with greater assets, the risks of over payment of taxes, as well as the risk of an audit, are ever-present concerns. You probably have someone who handles your finances and investments, as well as someone who specializes in taxes on your payroll.
Perhaps you moved to Barbados for the surf and sun when you were 23 years old. Struggling to make ends meet, you set up a modest tourism company on the island. Over the last 30 years, it's grown into a multi-million-dollar business.
There is no denying that paying taxes is part of life. It doesn't matter where you live or how much money you earn; it's almost guaranteed that you're required to pay your fair share.