NIS: Don’t wait too late!

The National Insurance Department (NIS) has urged companies finding it difficult to pay contributions to discuss their challenges with the agency at an early stage.
NIS director Ian Carrington said yesterday it had observed that some companies were waiting until their problems with contributions became dire before addressing them.
He was speaking to the DAILY?NATION after emerging from a meeting at Government’s Warrens office complex with Bajan Cleaning Enterprises at which an insolvency proposal from the company – which has debts of about $10 million, including $5.66 million to the NIS – was rejected by creditors in attendance.
“More frequently now, we are finding that companies are waiting until things get too dire to seek to address them. We advise if you are having a financial challenge paying your NIS contributions, come and sit down and discuss it with us because the NIS has absolutely no interest in putting people out of business or putting people out of work, because that is counterproductive. (RMB)