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Craig A. ‘Tony’ Gomez

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COVID cuts corporate revenues by up to 70%

Corporate Bahamas saw the COVID-19 pandemic slash its 2020 revenues by up to 70 percent, with business licence filings placing the average fall-off between 40 to 50 percent.

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Compliance 'onslaught' on substance demands

Accountants are urging the Government to extend today's deadline for corporate Bahamas to meet substance reporting requirements amid "a last-minute onslaught" from stunned firms racing to comply.

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Prosecuting fraudsters to remain challenging

A well-known Bahamian accountant yesterday praised the Government for moving to outlaw Ponzi-type frauds while highlighting the challenges of successfully prosecuting perpetrators.

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Accountants bracing for insolvency 'spike'

Bahamian accountants are bracing for “a spike” in corporate liquidations, receiverships and restructuring over the next two-three months as the post-COVID-19 fate of many businesses is determined. Craig A “Tony” Gomez, the Baker Tilly Gomez accounta

Bahamian insurers eye TCI CLICO deal

Two Bahamian insurance companies are in negotiations to acquire CLICO’s Turks & Caicos business, Tribune Business can reveal, with the deadline for the cancellation of the insolvent insurer’s local medical policies just two weeks away.

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