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New professional conduct regime for accountants
New professional conduct regime for accountants
The regulations long awaited by the Bahamas Institute of Chartered Accountants (BICA) were tabled in the House of Assembly yesterday, introducing an independent disciplinary process, a form of peer review in the accounting sector called "practice monitoring" and bringing The Bahamas in line with its obligations under the International Federation of Accountants (IFAC).
PM: 'Accountants' will work out NHI costs
PM: 'Accountants' will work out NHI costs
Despite the government's plans to introduce the first phase of National Health Insurance (NHI) in less than two months, Prime Minister Perry Christie was yesterday unable to say just how much the universal health care scheme - or the first portion of it scheduled for a January 1, 2016 rollout - will cost.
SMS Chartered Accountants reappointed auditors for BFSB
SMS Chartered Accountants was reappointed the auditors of the Bahamas Financial Services Board at the 17th annual general meeting, held September 30 at the British Colonial Hilton Hotel.
Colina executive earns certified management accountant (CMA) designation
Leading life and health insurer Colina Insurance Limited is pleased to announce that Financial Controller Antoinette Moxey has earned the globally-recognized certified management accountant (CMA) designation from the Institute of Management Accountants (IMA).
The Bahamas Institute of Chartered Accountants Bill 2014
MR. SPEAKER,
I rise to make my contribution to this debate on the Bahamas Institute of Chartered Accountants 2014 Bill. I do so on behalf of the good people of the Seabreeze Constituency whom I have the privilege to represent...
Three Bahamians at EY qualify as Certified Public Accountants
EY has announced that three Bahamians in its Nassau office have passed their exams and qualified as certified public accountants (CPAs). The three are Donillo L. Culmer, Taneisha A. Dean and Karen A. Richardson.
"Qualifying as a CPA is a big step in the career of these outstanding professionals, and speaks to their deep knowledge of accounting principles and practices," said Michele Thompson, EY m...
VAT delay may be in order, accountant says
VAT delay may be in order, accountant says
The government might need to consider an extension of the value-added tax (VAT) registration deadline, according to an official from a leading local accounting firm.
Managing Director of KRYS Global Edmund Rahming Jr. told Guardian Business that he anticipates the government would have to "accommodate" some businesses that fail to register before the November 30th deadline.
Despite the looming dea...
Accountant: Increase bank tax to 10 percent
Accountant: Increase bank tax to 10 percent
A leading accountant has argued that commercial banks must pay more tax, urging the government to "look very seriously" at increasing the tax on repatriating profits out of the country to 10 percent.
Philip Galanis said that the increase in this tax in the last budget was "not enough" and Canadian banks in particular continue to make money "hand over fist" in The Bahamas.
In the 2013/2014 budget, ...
Accountant: End defined benefit pension, cut civil service head count
A top accountant has argued that the enormous size of the government's unfunded pension liability is yet further evidence of why the government must not only act immediately to reform its current pension system, but also begin to reduce the size of the civil service as a critical component of addressing this "unsustainable" financial situation.
Raymond Winder, partner with local accountancy firm D...
Coalition: Accountant's VAT defense 'a bit harsh' on businesses
The co-chair of the Coalition for Responsible Taxation has hit back at suggestions made by a leading accountant that any business that struggles under value-under tax (VAT) may simply need a better business model, calling the claim made by accountant John Bain "a bit harsh".Meanwhile, the coalition co-chair, Gowon Bowe, pointed out that while one of the advantages of VAT highlighted by Bain is tha...