Anger over new business licence requirements for renewals

By LETRE SWEETING lsweeting@tribunemedia.net

SOME small business owners expressed frustration over the new requirements affecting business licence renewals, describing them as “short notice”, “offensive”, “insensitive” and “cruel”.

Last month, the Davis administration made policy changes mandating that all businesses provide the real property tax assessment number for the building from which the business operates, even if they are renting the space.

The Davis administration at the same time warned that failure to accurately report the newly required information could result in delays in the processing of business licence renewal submissions, which are due within 27 days from the end of January.

Speaking to The Tribune this week, Renee Miller, the owner of several local businesses including an Airbnb and a car rental operation, told The Tribune that she is fed up.

“As for this renewal information, I find it offensive. I find it insensitive. And I find it to be very, very cruel. I think what’s happening is everybody has been shoved in one basket

- there’s no lenience,” Mrs Miller said.

“What I find is most of the people who are working with government normally have never, ever had a business. So they work based on what they believe a business can do. The expectation level should always be high for any business person,” she said.

Mrs Miller described her personal experience with trying to renew a business licence recently.

“The application says, ‘in order to finalise your application please provide us with your income statement financials for the year 2022.’

So you’re telling me now I need to sit down or find somebody to do an income statement. That’s money, “ Mrs Miller said.

“Then, I get a tax paper saying that the home that I live in and now I’m owing them a certain amount of money, because it shows that I own two properties. And when I checked, I asked the lady which two properties are these?

“One is my name with an ‘s’ and the other is my name with an ‘m’. The one with an ‘s’, I have no clue who that is. So now, they’re making mistakes. They’re not even checking data, they’re just trying to collect revenue,” Mrs Miller said.

Mrs Miller said the policy changes came with no forewarning for small business owners.

“There was no preparation. They didn’t give you any warning, no prewarning. You sent the executioner to just execute whatever needs to be executed, the hell with people who just are trying to help other people,” she said.

“They throw you down in the cesspit and when you come out of the cesspit you stink and they want to give you two sheets of toilet paper, and say ‘here’. That’s what this is,” she said.

Officials from the Ministry of Finance and the Department of Inland Revenue reported that the new requirements will boost business licence and real property tax revenue as well as better detect those businesses that are tax dodging and being untruthful about their annual revenue.

However, Tessa Lightbourne, owner and head chef at artisan cake boutique Bourne Sweet, said that in addition to financial challenges like inflation, the fluctuation in fuel costs, and the rise the Bahamas Power and Light (BPL) electricity charges, these new policies make it even harder for genuine small business owners to conduct business in the country.

“It’s inconvenient for small businesses, especially when you have no storefront and you don’t have that point-of-sale system, where you press a button, and everything is there,” Ms Lightbourne said.

“I guess, in a way it’s inconvenient because a lot of companies don’t have it so it’s gonna be a lot of work for them to get their business licences for this year, especially if they’re doing any government work because you know, you need all those things to be up to date to get these contracts with the government or do any kind of supplement vendor or anything like that,” Ms Lightbourne said.

“But then also the positive in it is, it is going to force small businesses to look at their finances more heavily,” she said.

“It is what it is, you can’t do anything about it. They’re going to do what they want to do. Even with all of these negative parts about it, it’s gonna have to get done if you want the business licence,” Ms Lightbourne said.

Khrystle RutherfordFerguson, chairperson at the Bahamas Chamber of Commerce and Employers Confederation (BCCEC), suggested that policymakers be more conscious of the country’s current economic