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November 1 Entrepreneur Watch

Chic Boutique is a modern and trendy accessory store that was initially started as an online business in March 2013 by Melissa Miller from Nassau, Bahamas. She was inspired by her own love for fashion and trendiness. In an effort to reach the entire Abaco community, she opened a store in a unique location.

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Farmers address concerns, receive updates at monthly meeting

The South Abaco Farmer’s Association (SAFA) members held their monthly meeting on Oct. 21 at the Dundas Town Burial Society to discuss a number of key issues. First on the agenda was the resignation of Leslie Thompson, the former SAFA president, on Sept. 24. Thompson is now the inspector and consultant for the Bahamas Agricultural and Industrial Corporation (BAIC).

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Schooner Bay receives 2013 Addison Mizner Medal

On Saturday October 19, town planners and architects to Schooner Bay Village in south Abaco, Bahamas, (DPZ & Co) were honored in Palm Beach, FL with an Addison Mizner Medal for their excellence in Urbanism through their works in classical and traditional architecture. This award bestowed by the Florida chapter of the Institute of Classical Architecture and Art, is one of the most prestigious awards in architecture that can be earned.

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Abaco Chamber of Commerce comments on Bahamians paying US tax

Many Abaconians hold two passports: a Bahamian passport and an American passport. This is because they were either born in the United States or one of their parents was American. Many of these people do not realize that when they begin earning money they are required by US law to submit a tax form to a tax office in the States. This does not mean that they have to pay income tax, only that they have to file a report. However, many do not realize this requirement.

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Abaco’s diversified economy leaves further room for growth: Ministry of Tourism plans targeted campaign

The lineup of speakers for the 10th Annual Abaco Business Outlook on Sept. 25, included David Johnson, Director Ggeneral for the Ministry of Tourism. He spoke on the topic: “The Abacos: Our Most Diversified Family Island Economy and Its Enormous Opportunities for Future Economic Growth.”

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New airport fees brings more negative publicity

After the implementation of new Customs Landing Fees on July 1, 2013 there were a flurry of complaints from airline companies and private pilots, and while the clamour has waned the negative publicity continues to come, and in some cases against the wrong people.

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Value Added Tax discussed at ABO

Bahamas Financial Secretary John Rolle made a presentation explaining Value Added Tax (VAT), which is due to be implemented July 1, 2014, to a group of Abaconians during the Abaco Business Outlook held at the Abaco Beach Resort on September 25. Mr. Rolle explained that the VAT is a replacement tax that rebalances Government revenue without introducing any new taxes on the Bahamian people. He said it would lower the average rates of customs duties and excise taxes by imposing the 15 percent VAT on these goods and a range of services. He said that new revenues from services will offset reduced customs revenue and generate additional net revenue.

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October 15 Entrepreneur Report

Adding to the list of Abaco’s newest retail stores is Shop for Less, which opened its doors to the public on Sept. 30. Located at the former Tardies Building (green building) on S.C. Bootle Highway, Owners Vernita Rolle Dawkins and Henley Dawkins offer a wide-range of products at affordable prices in the spaciously convenient location.

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Abaco Chamber spearheads IRS compliance for Abaco’s dual citizens: Bahamian businesses with dual citizen shareholders responsible to IRS

United States citizens living in Abaco and The Bahamas retain their obligations to the U.S. Internal Revenue Service (IRS). In an effort to help Abaconians understand and deal with the upcoming Foreign Account Tax Compliance Act (FACTA) – a new act that steps up enforcement and broadens the net for persons liable to the United States’ tax system – The Abaco Chamber of Commerce is spearheading efforts to educate the public.

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Cornerstones of Abaco Business: Pinewoods Nursery

There is not a gardener or a landscaper on Abaco who is not familiar with the nursery located near the Airport Roundabout. Whether looking for ornamentals, house plants, fruit trees, herbs or special species as well as any garden supplies, they know they can find them at Pinewoods Nursery.

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