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Tag Archives: accounting

  1. CPA Canada Barbados Chapter event focuses on mental health during the pandemic

    For almost two years, the pandemic has put a strain on all of us, including members of the accounting profession who have toiled relentlessly to protect clients and the overall economy. Preserving mental health during such hard times was the focus of an online workshop event hosted by Chartered Professional Accountants of Canada (CPA Canada) […]

    February 2, 2022BusinessNo comments
  2. Country-by-Country Reporting Information Sessions Next Month

    Following the enactment of the Income Tax (Country by Country Reporting) Act, 2021-27, the Barbados Revenue Authority will conduct information sessions on the requirements of the legislation in February 2022. The Act which came into effect on 31 December, 2021 is the domestic, legal, and administrative framework to impose and enforce country-by-country reporting requirements on […]

    January 12, 2022Breaking News, Business, FeaturedNo comments

    Oliver Jordan is the new Chairman of the Financial Services Commission (FSC) He is also a past President of the Barbados Bankers Association (TBBA) and a past Director & Treasurer of the Caribbean Hotel & Tourism Association (CHTA). Bringing a strategic and highly practical experienced background to the FSC, Jordan was the Court-appointed Judicial Manager […]

    November 29, 2021Breaking News, Events, FeaturedNo comments
  4. KPMG in Barbados & Eastern Caribbean Remains Clear Choice

    At KPMG in Barbados and the Eastern Caribbean (BEC), we are committed to being the Clear Choice, and for us that means continuously engaging our clients and communities, and keeping them up to date with any changes that may affect them. With that in mind, we take this time to announce some changes in our […]

    September 26, 2021BusinessNo comments
  5. Regional Accounting Institute Appoints new President from Barbados and Board of Directors

    Barbadian accounting professional and entrepreneur, David Simpson, has been appointed as President of the Institute of Chartered Accountants of the Caribbean (ICAC) for the Association’s 2021 to 2023 term. Simpson replaces Khalil Alli from Guyana who served for the period 2019 to 2021. The handover occurred on day one of the Institute’s 38th annual conference, […]

    July 23, 2021BusinessNo comments
  6. Barbadian experts teach CPA’s the latest about fraud at CPA Canada event

    Tough times, like the current pandemic, often pull people together but, for others, it’s an opportunity to pull off a fraud. Leading fraud experts hammered that message home at a free online learning session hosted by Chartered Professional Accountants of Canada (CPA Canada) for members in the United States and across the Caribbean region on […]

    November 2, 2020BusinessNo comments
  7. Automatic Exchange of Information (AEOI) Deadline Extended for 2019 Submissions

    The Barbados Revenue Authority advises all financial institutions based in Barbados that a further extension has been given for submissions of the Automatic Exchange of Information (AEOI). Entities with Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting obligations now have until Saturday, October 31, 2020, to submit the relevant 2019 information […]

    October 8, 2020BusinessNo comments
  8. Employers Reminded to Include Employment Start Dates for PAYE

    The Barbados Revenue Authority is reminding employers to file their monthly Pay As You Earn (PAYE) returns, also ensuring they pay attention to the employment start dates of their employees. When filing PAYE, employers should enter January 1 and the reporting year. For example, if they are filing any PAYE return for 2020, the employment […]

    August 11, 2020Business, FeaturedNo comments
  9. CPA Canada helps Caribbean-based CPAs navigate the COVID-19 crisis

    CPA Canada hosted its first pan – regional webinar on July 9, 2020 with a focus on navigating the COVID-19 crisis in the Caribbean. The session focused on the financial impacts of COVID across the region, including the changes and reforms necessary to successfully emerge from the pandemic. “These are not normal times and Canadian […]

    July 10, 2020BusinessNo comments
  10. KPMG in Barbados and Eastern Caribbean Offers Enhanced Paternity and Maternity Leave for Staff

    At KPMG in Barbados and the Eastern Caribbean, we are committed to being the Employer of Choice, and for us that means actively engaging our employees, ensuring that we remain a desirable place to work, and implementing policies that our staff would find beneficial and attractive. Against that backdrop, we are pleased to announce that […]

    November 14, 2019BusinessNo comments
  11. Blockchain workshop hosted by CPA Canada’s Barbados Chapter

    Accounting professionals from across the island gathered at a session hosted by Chartered Professional Accountants of Canada (CPA Canada) to learn about technology that is changing the financial world. The July 23 event focused on blockchain and its impact on the accounting profession and business in general. An Introduction to Blockchain and Reporting provided a […]

    July 31, 2019Business, FeaturedNo comments
  12. BRA Accepting January PAYE Payment Without Payment Advice

    The Barbados Revenue Authority (BRA) is advising employers that their January 2019 Pay As You Earn (PAYE) payments due in February 2019, will be accepted without the requisite electronic payment advices. This move is to accommodate corporate and business taxpayers in light of the new requirement to upload a breakdown of the PAYE for all […]

    February 18, 2019Breaking News, Business, FeaturedNo comments
  13. Sayeed Mohammed Appointed Service Manager of Parts & Power

    Sayeed Mohammed took the reigns of the very busy Service Department of Parts & Power in October 2018. Sayeed was born in Trinidad. He graduated from St. George’s College in Trinidad. He completed and was certified in Caterpillar training inclusive of Harvard Manage Mentor, Diesel and Gas engines, generators, machines, sales and customer service training. […]

    January 7, 2019BusinessNo comments
  14. Looking at millennials in the work place, businesses must also embrace transformation

    When we talk about millennials in the workplace and the lack of understanding of their career goals and personal wants, specifically in the accounting profession, there are a number of factors we have to look at. Speaking at the Institute of Chartered Accountants of the Caribbean’s (ICAC) 36th Caribbean Conference of Accountants earlier today, PwC […]

    July 9, 2018BusinessNo comments
  15. CPA Canada’s Barbados Chapter to Commemorate Financial Literacy Month in April

    The Barbados Chapter of Chartered Professional Accountants of Canada (CPA Canada) is commemorating ‘Financial Literacy Month‘ in April to help Barbadians better manage their finances. “Our mission is to deliver valuable information sessions to improve the overall state of financial literacy in Barbados”, says Oliver Jordan, Chapter Chair. “The ability to make sound financial decisions […]

    March 26, 2018Business, FeaturedNo comments
  16. Accounting profession imperilled by de-risking

    Veteran Caribbean diplomat, Sir Ronald Sanders, has warned the accounting and auditing community of the Caribbean that their businesses could soon be at risk as a result of rules that governments are expected to legislate and implement. According to the Antigua and Barbuda Ambassador, who has been actively involved in Caribbean discussions with the Financial […]

    July 3, 2017BusinessNo comments

    The Barbados Private Sector Association (BPSA) announced the election of Mr. Charles Herbert as the new Chairman of the Association’s Board of Directors effective August 1, 2016. Mr. Herbert served as an Independent Director on the BPSA board before succeeding Mr. Alex McDonald who having served for his elected term will be demitting office on […]

    July 24, 2016Business, FeaturedNo comments
  18. Institute of Chartered Accountants of Barbados (ICAB) DONATES FUNDS TO THE Q.E.H

    The Institute of Chartered Accountants of Barbados (ICAB) continues to exercise good corporate citizenry with the presentation of a cheque for $25 000 to the Queen Elizabeth Hospital recently. The funds, which will go towards the purchase of vital signs monitors, cardiac monitors and ventilators, was presented to the Chief Executive Officer, Dr. Dexter James, […]

    December 26, 2015HealthNo comments
  19. Reform of the Barbados Tax System: ICAB 4th Nov. Part 1

    The International Monetary Fund (IMF) has suggested that VAT be placed on the selected foods that are currently exempt from the 17.5% tax. ICAB Vice President, Andrew Brathwaite, told a packed Garrison room at the Savannah Hotel yesterday evening that the IMF report also suggested that concessions for the hospitality sector have outlived their usefulness […]

    November 6, 2014Business, Video GalleryNo comments
  20. Reform of the Barbados Tax System: ICAB 4th Nov. Part 2

    Based on a recent IMF study of tax revenue as a percentage of Gross Domestic Product (GDP), only the Bahamas and Trinidad and Tobago exceed Barbados’ level – which stands at 35 per cent. Mr Brathwaite told those who came out to the Savannah Hotel yesterday evening that if all measures from the IMF report […]

    November 6, 2014Business, Video GalleryNo comments
  21. United Insurance’s financial stability affirmed by world’s most authoritative insurance ratings company

    The financial stability of United Insurance has been affirmed for the ninth consecutive year by A.M. Best Company, the world’s most authoritative insurance ratings company. Furthermore, United Insurance achieved improved performance in 2012 due to the “excellent performance of its Caribbean Portfolio.” Chairman, Gervase Warner explained: “In 2012, we made the decision to discontinue United’s […]

    November 1, 2013BusinessNo comments
  22. Port Of Spain & Castries – Venue for this year’s Chartered Institute of Arbitrators Workshop 2012

    The Chartered Institute of Arbitrators (CIArb) is one of the world’s leading international professional organizations offering its members professional credibility through qualifications and accreditation. With an international network of branches spanning over 110 countries and 6 continents, it is the only worldwide organisation that educates and assesses individuals for certification as arbitrators. Over the past […]

    March 10, 2012BusinessNo comments