August 4, 2022
KENDRICK CHRISTIE
Stories this photo appears in:
Business Licence audit can’t be ‘too draconian’
A Bahamian accountant yesterday warned against the enhanced Business Licence verification process becoming “too draconian” and urged that some flexibility be provided on a “case by case” basis.
Inland Revenue must be a ‘well oiled machine’ for corporate tax
The Department of Inland Revenue (DIR) must become “a well-oiled machine” that is far more responsive to taxpayer needs under a corporate income tax regime, a prominent accountant is urging.
Just 10-15% of Bahamian fraud cases prosecuted
A Bahamian fraud investigator yesterday said just 10-15 percent of such cases are subjected to extensive probes and prosecution in this nation due to corporate victims fearing their reputations will be damaged.
Firms ‘bleeding red’ as inflation hits 6.2% high
An accountant yesterday warned that “many Bahamian businesses are on the cusp of being in the red” as local inflation hit a “record” 6.2 percent increase for the 12 months to end-June 2022.
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