Great news for Island businesses! Starting July 1, significant changes to the general business tax rate and the small business tax threshold are on the way. These changes are set to bring relief and savings, allowing businesses to keep more of their hard-earned money.

With the updated tax rates, owners can expect to see a boost in their financial standing, enhancing their ability to invest back into their businesses and communities. Whether you’re a small start-up or a more established business, these changes are designed to support growth and prosperity.

Stay tuned for more updates, and make sure to take advantage of the new rates starting this July!