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Al Jarrett dies, aged 69

RETIED banker, economist and patriot Alfred Jarrett, pictured, died early yesterday morning after a massive heart attack.

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NAUGHTY'S PICKS: Let’s hit the road for starters with Steelers and Colts

FIRST let me open by saying thank you Jesus, King of Endless Glory, who reigns in Heaven, for allowing me to see another NFL season, and for positioning ‘our’ Dallas Cowboys (Yes, God is a Cowboy, thus the retractable roof in the stadium, we leave it open so God can watch His team, the Cowboys, play) on the threshold of another Lombardi Trophy!

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NAUGHTY'S NFL PICKS: Working with the ‘short and sweet formula’ in Week 3

HERE we go, week three in the NFL and after a 12-4 week it seems I’m rounding into form.

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SPORTING MISCHIEF & MAYHEM: To all haters, the Cowboys’ loss didn’t stop my show

OKAY, let’s get this one out of the way. Despite my Cowboys losing for only the second time this season, again to the Giants, my trip to New York was far from being in vain!

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Treasury to gain 79% of dormant accounts in reform

The Central Bank is mulling legislative reforms that would transfer 79 per cent of existing dormant account balances to the Treasury within two months of receiving them.

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Accountants enjoy VAT business boost

Bahamian accountants have seen increased business due to the introduction of Value-Added Tax (VAT), the Bahamas Institute of Chartered Accountants (BICA) president confirmed yesterday.

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BTC and Cable Bahamas oppose URCA's publication of accounts

BTC and Cable Bahamas oppose URCA's publication of accounts By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE publication of separate accounts and cost accounting information is being opposed by the Bahamas' two leading commun

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Accountants facing US state challenges

The Bahamas Institute of Chartered Accountants (BICA) is in talks with the American Institute of Certified Public Accountants (AISPA) to resolve challenges encountered by members in maintaining their US State Board memberships, its president said yesterday.

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Central Bank boosts $63.5m dormant regime

The Central Bank believes planned legislative amendments will enhance the “transparency and effectiveness” with which it and Bahamas-based institutions administer $63.5 million worth of dormant accounts.

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Regime change for $80m dormant funds

REFORMS to laws governing $80m in dormant bank accounts were tabled in Parliament yesterday.The planned changes to the Central Bank of the Bahamas Act are designed to enable the regulator to deal more effectively with such accounts, which have to be

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Five years to accrual accounting for Gov’t

A Cabinet Minister yesterday said it would take five years to fully phase-in accrual accounting to the Government’s financial management, while acknowledging that the current cash-based method has “severe limitations”.

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How to account for everything

FEW business owners look forward to the monthly accounting task, even if it is just a question of handing over a shoebox stuffed with receipts to the accountant. We begrudge the time required, and that's a pity. Because it is accounting that tells us where we are heading, and where the money has gone.

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Accountants meet World Bank, global Federation executives

Three members of the Bahamas Institute of Chartered Accountants’ (BICA) Council met with representatives of the International Federation of Accountants (IFAC) and the World Bank during the 2012 Caribbean Conference of Accountants in Antigua.

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BICA executives elected to Caribbean institute

Two executives with the Bahamas Institute of Chartered Accountants (BICA) have been elected to the Board of a Caribbean accounting organisation.

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PM: 2022 for Gov’t accounting switch

THE Prime Minister yesterday revealed that the Government is targeting end-June 2022 to fully switch to accrual-based accounting, describing the move as “no small feat”. 

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Sir Franklyn argues ‘deficit never $500m’

Moody’s has proven that the Government’s 2016-2017 deficit was “never $500 million”, a well-known businessman yesterday arguing: “Let’s not keep beating that narrative.”

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Accountant joins KRys Global's Bahamian office

Vanice Thomas-Erskine has joined the Bahamas office of KRyS Global, the corporate asset recovery, insolvency, forensic accounting and business advisory specialist.

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Systematically accounting for all VAT’s implications

Business owners certainly had more than the holidays on their minds as 2014 came to a close. Value Added Tax (VAT) was a looming concern on the minds of consumers and the private sector alike as we stepped into this New Year.

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Accountants donate to Special Olympics

Accountants donate to Special Olympics The Bahamas Institute of Chartered Accountants (BICA) has announced its sponsorship of Special Olympics Bahamas this year. The Special Olympics Bahamas is an organisation dedicated to allowing equal athletic compet

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Union concern at $1.1m breach

THE executive committee of the Bahamas Union of Teachers has raised concerns about a “serious” procedure breach in which more than $1.1 million from the union’s pension and savings accounts were allegedly spent in contravention of union policies.

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