Search results for : Deloitte Touch

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Business Listing

Deloitte & Touche
Business & Corporate Consultants,Accountants
  • 2nd Terr West Centreville
  • Nassau
  • Nassau / Paradise Island, Bahamas
Business Listing

Deloitte & Touche
Business & Corporate Consultants,Accountants
  • East Sunrise Highway and Beach Drive
  • Freeport
  • Grand Bahama, Bahamas
News Article
Deloitte: Little internal impact from FATCA

The Foreign Account Tax Compliance Act (FATCA) could have a minimal impact on internal operations at leading financial institutions, according a leading accounting firm. Lawrence Lewis, a partner at Deloitte & Touche, noted that FATCA would have "very little direct impact on our internal operations".

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News Article
Tighter reporting 'opens US market up' for Bahamas

By NEIL HARTNELL

Tribune Business Editor

Enhanced reporting requirements could give the Bahamian financial services industry the opportunity "to go after US clients" once again, a leading accountant said yesterday, pointing out that marginal, per client compliance costs would be "substantially reduced" by upfront systems investment.

Lawrence Lewis, the Deloitte & Touche (Bahamas) partner, speaking to Tribune Business after addressing a Bahamas Financial Services Board (BFSB) seminar on the issue, said the US Foreign Account Tax Compliance Act (FATCA) provisions would create a regulatory 'level playing field' since all jurisdictions would be required to adhere to i ...

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News Article
Sports Notices

Bowling
Tyrone Knowles of the Fidelity Bulldogs led all scorers in the City Bowling League Wednesday night with a 214 high game and 576 high set. Lavardo Butler also of the Fidelity Bulldogs had a strong performance as well, with a 567 three game set. Sammy Symonette of the Coca-Cola Strike Force team toppled the pins for the second high game of the night, scoring 212. The ladies were led by 'red hot' Uchena Delva of Deloitte & Touche who destroyed the pins for a 213 high game and a 559 three game set that also registered as the ladies second high set of the season. Patrina Cartwright was the runner-up player of the evening with a 485 set while Monique Miller of Coca-Cola toppled the pins for a 212 second high game.
Team Scores:
Coca-Cola Strike Force 2, BAF Financial 1
Fidelity Bulldogs 2, Sunshine Insurance Shockers 1
Leno Corporate Services 2, Deloitte & Touche 1
Forsythe Communications 2, Budweiser Strikers 1
Baseball
The Bahamas Baseball Federation (BBF) continues the celebration of its 10th anniversary with the highlighting of a decade of successful accomplishments. The BBF Patron for 2012 is the legendary Ed Armbrister - a member of the two-time World Series Champions - the Cincinnati Reds. Armbrister has been the guest of the BBF at the first three membership league openings in January. The 2012 baseball season openings will continue this weekend with the opening of the Grand Bahama Little League. The opening ceremony for the Legacy Baseball League, in Grand Bahama, will be held on February 4, the grand opening for the All Abaco Baseball League will be held on February 11, and the opening ceremony for the Eleuthera Baseball League will be held on February 18.
Boxing
Bahamian Super Featherweight Champion now knows who his opponent will be for the first segment of a 'King of the Ring' series being staged by Major Promotions and Entertainment. Major will step into the ring on February 4 at the Kendal G.L. Isaacs National Gymnasium against Haitian boxer Jean Petite Homme. Major said that he is ready for the challenge and is looking forward to representing the Bahamian people well. "I'm just thankful to the Almighty God for giving me this opportunity, and to everyone who has supported me over the years," he said. The official weigh-in for the fight will be held Friday February 3, at Mario's Bowling and Family Entertainment Palace.

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News Article
Major 'mindset' change coming for local firms

Bahamian businessmen will have to undergo a fundamental "mindset" change when this nation accedes to full World Trade Organisation (WTO) membership, this nation's chief negotiator believes, investigating new opportunities and learning the rules themselves rather than relying on the Government to do it for them.

Such a 'culture shock' will be many of the major adjustments for the Bahamian private sector, Raymond Winder, the Deloitte & Touche (Bahamas) managing partner, told Tribune Business, pointing out that by joining the WTO and signing on to other trade agreements, such as the Economic Partnership Agreement (EPA), this natio ...

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News Article
Swift Swimming set to stage open water swim race

Swift Swimming Club will be hosting the first open water swim race of the new swim season.

The 1.67 kilometer (k) and 5k events are being sponsored by Deloitte & Touche, Starbucks, Palm Cay and Chives. It will take place Saturday, September 28, at Palm Cay...

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News Article
WIDER FATCA NET TO HAVE 'GREATER IMPACT'

By NEIL HARTNELL

Tribune Business Editor

NO SINGLE foreign law is likely to impact the Bahamian financial services industry more than the US Foreign Account Tax Compliance Act (FATCA), a well-known accountant telling Tribune Business yesterday its effects would be "the same or greater" than previous international efforts.

Lawrence Lewis, a partner at Deloitte & Touche (Bahamas), said that while the likes of the US Qualified Intermediary (QI) initiative, and OECD/FATF efforts, had tended to focus on one particular aspect of the financial services industry, Washington's FATCA initiative would touch multiple areas simultaneously.

"In order of magnitude, I would say it is t ...

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News Article
'75-90' of firmsnot paying NIB,BEC on time

By NEIL HARTNELL

Tribune Business Editor

With between 75-90 per cent of Bahamian companies not paying their electricity and National Insurance Board (NIB) contributions on a timely basis, a leading accountant believes the 75 basis point reduction in the Discount and Prime rates will have "minimal impact" in terms of stimulating economic activity.

Raymond Winder, managing partner at Deloitte & Touche (Bahamas), told Tribune Business that individuals and companies were more likely to use the estimated $60-$70 million set to be returned to borrowers to pay-off existing debt "shore up" household and company balance sheets, rather than engage in new spending.

Agreeing that t ...

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News Article
City Markets owed staff pension fund 500k at end-2009

By NEIL HARTNELL

Tribune Business Editor

Bahamas Supermarkets, parent company of the 11-store City Markets grocery chain, owed the staff pension fund almost $519,000 at its 2009 year-end in unpaid rent for the company's head office, with its financial troubles preventing any contributions by the firm to the plan during the 2007-2009 period.

The audited financial statements for Bahamas Supermarkets 2009 fiscal year are more than a year late, given that the period closed some 14 and-a-half months ago, but they provide a further insight into the problems afflicting the supermarket chain and management's plans to remedy them, the accounts being heavily qualified by Deloitte & Touche ...

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