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Gov't must 'capture' informal economy
May 18, 2011
Gov't must 'capture' informal economy
By NEIL HARTNELL
Tribune Business Editor
The Government was yesterday urged to "capture" the 'Mom and Pop' stores and businesses operating from homes that have proliferated during the recession, a leading accountant arguing that they "make no contribution" to public revenues unlike their formally-established counterparts.
Raymond Winder, Deloitte & Touche (Bahamas) managing partner, told Tribun...
Failed insurer 'asset stripped'
May 19, 2011
Failed insurer 'asset stripped'
By NEIL HARTNELL
Tribune Business Editor
CLICO (Bahamas) was "asset stripped" by its Trinidadian owner to finance his dreams of creating a Florida real estate empire, the insolvent insurer's liquidator has alleged, also urging the US courts to "disallow" the Internal Revenue Service's (IRS) claim against its key asset.
Craig A. 'Tony' Gomez, the Baker Tilly Gomez accountant and partner, in a Ma...
Revitalise with right partner
May 19, 2011
Revitalise with right partner
By SIMON COOPER
Res Socius
A
n article published in the Tribune on Tuesday, May 17, set me thinking. That's the one by Business Editor Neil Hartnell concerning the state of loans from Bahamian commercial banks to businesses, and the fact that 25 per cent of this sum is in arrears. This set me thinking about what the causes of this might be, and how to counter them. I came up with the following ...
$15K Emergency Bail for Dad Accused of Incest
January 09, 2024
$15K Emergency Bail for Dad Accused of Incest
NASSAU, BAHAMAS - A 52-year-old accountant accused of molesting his four-year-old son has been granted emergency bail.
Bahamasas Financial Services Board names new CEO
January 09, 2024
Bahamasas Financial Services Board names new CEO
NASSAU, BAHAMAS — The Bahamas Financial Services Board (BFSB) has a new chief executive, with Mrs Neikia Horton to assume the post effective February 1. Horton succeeds Dr Tanya McCartney, who completed an eight-year tenure as BFSB's CEO at the end of 2023. The announcement was made by LaTonia Symonette-Tinker, BFSB's Chairman. Horton, an experienced senior [...]
WORK WITH US: Department of Inland Revenue urges public patience amid widespread complaints about 'upgraded' platform
January 05, 2024
WORK WITH US: Department of Inland Revenue urges public patience amid widespread complaints about 'upgraded' platform
NASSAU, BAHAMAS — The Department of Inland Revenue has upgraded its online tax administration system and is asking the public to be patient as it works through the process of validating user accounts, according to Operations Manager Dexter Fernander. Fernander told Eyewitness News while the new process is "quicker," the rollout has not been seamless. [...]
The Bahamas Chamber of Commerce calls on Government to delay Implementation of Audit Requirement
December 13, 2023
The Bahamas Chamber of Commerce calls on Government to delay Implementation of Audit Requirement
The Bahamas Chamber of Commerce and Employers Confederation is calling on the government to delay the implementation of the requirement for audits for businesses over $5m for 12 months. The requirement, which was passed in the 2023 budget will require companies with turnover above $5m to produce audited accounts by April2024.
December 13, 2023
BCCEC backs calls for 12 month delay to business license audit requirement
NASSAU, BAHAMAS — The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is urging the government to delay the implementation of the requirement for audits for businesses with turnover above $5 million for another 12 months, claiming that the April 2024 deadline is "too aggressive." "The requirement, which was passed in the 2023 budget, will [...]
December 06, 2023
Distinguished University of The Bahamas Alumni Honoured; Hall of Fame and Lifetime Achievement Honourees Pay Homage to Alma Mater
University of The Bahamas (UB) has honoured an impressive cadre of prominent Bahamians as distinguished alumni, including awarding Chief Justice Sir IanWinder with the Lifetime Achievement Award and inducting veteran financial services professional Kenwood Kerr into the UB Alumni Association Hall of Fame.
November 17, 2023
Bahamas Development Bank Welcomes Senior High School Students
In recognition of International Men’s Day, four promising students from The Bahamas Development Bank’s (BDB) neighborhood school, R. M. Bailey Senior High School, participated in a unique job shadow experience this week. BDB was excited to open its doors to aspiring software engineers, real estate agents, entrepreneurs, and accountants.
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