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02 Jan 25

A Prestige New Year: Why Prestige Accounting Inc. for 2025

As businesses in Barbados and across the Caribbean face an era of transformation, Prestige Accounting Inc. emerges as a beacon of expertise and strategic vision. Under the leadership of David Simpson , a distinguished accounting and finance professional, Prestige is redefining the role of financial advisory in fostering business growth…

27 Dec 24

Business Trends Barbados: A Look Ahead to 2025

Barbados is strategically positioning itself for a bright future. As 2025 approaches, several key business trends are shaping the island’s economy, offering promising prospects for investors and entrepreneurs. Economic Growth and Investment The International Monetary Fund (IMF) forecasted a robust 3.7% growth for Barbados by the end of 2024. This…

16 Oct 24

How Your Business Structure Impacts Funding Opportunities

The success of a business includes choosing the right structure not just for legal and tax reasons but for your ability to access funding. In the Caribbean, with its unique economic challenges, understanding how your business structure impacts funding opportunities can make the difference between success and stagnation. This article…

22 Sep 24

The Double Edge Sword: Credit Cards and Your Financial Well-being

Maintaining balance by using credit cards wisely, staying disciplined with spending, and focusing on debt repayment is essential for ensuring that credit cards enhance rather than undermine financial health. In Managing your Credit Cards, David Simpson, Founder & Lead Consultant of Prestige Accounting Inc., emphasised the importance of understating how…

06 Sep 24

A Game of Chess: Planning for Your Financial Security

Planning for the future is a crucial aspect of personal finance that sets the foundation for long-term financial security and peace of mind. In The Psychology of Money: Introduction to Personal Finance, David Simpson highlights the importance of strategic financial planning to navigate life's uncertainties and achieve your financial goals.…

04 Sep 24

Get Your Life: Investing 101

Investing is essential for building financial health especially if you are looking for long-term wealth. To optimise your investment strategy, it’s important to diversify across different asset classes, maintain a long-term perspective, and stay informed through continuous education. Additionally, considering tax efficiency, maintaining an emergency fund, and regularly reviewing your…

25 Aug 24

“A penny saved is a penny earned”: Building a Strong Financial Foundation

Saving money is one of the fundamental aspects of personal finance, yet it is often one of the most challenging habits to cultivate. In the YouTube webinar The Psychology of Money: Introduction to Personal Finance, David Simpson, Founder & Lead Consultant of Prestige Accounting Inc., emphasised the importance of saving…

22 Aug 24

The Psychology of Money – Introduction to Personal Finance In Five Key Points

In The Psychology of Money: Introduction to Personal Finance, David Simpson, Founder & Lead Consultant of Prestige Accounting Inc. explores the psychological factors that influence our financial decisions. It delves into how emotions, cognitive biases, and social influences can impact our spending, saving, and investing habits. The aim is to…

15 Aug 24

The Budget Master: Steps Toward Financial Independence

Budgeting is a powerful tool that puts you in control of your money, helps you achieve your financial goals, and brings peace of mind. In The Psychology of Money: Introduction to Personal Finance, David Simpson, Founder & Lead Consultant of Prestige Accounting Inc. highlights budgeting as one of the essential…

05 Jul 24

Keeping Account Blog #1- The Concept of Entrepreneurship

The term of French origin was first attributed to a French economist circa 1700. His basic definition alluded to the organization and/or operation of a business or businesses.