What is Bookkeeping and How it Can Benefit Your Business?

Bookkeeping
Bookkeeping is a very important service for a business, and it is often a necessary part of your accounting process. In this article, we'll discuss the importance of bookkeeping and how it can benefit your business. Whether you're starting a new business or have been operating for several years, a bookkeeping service can help you get your accounting on track and in order. Cost of bookkeeping services in Jamaica The cost of bookkeeping services in Jamaica can vary greatly. Some providers charge a fixed monthly fee for an all-inclusiveinclusive service, while others charge a per-task basis. Basic bookkeeping services can…
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What is Corporate Tax in Jamaica?

Corporate Tax
There are various aspects of corporate taxation in Jamaica that should be understood before investing money in a local company. Some of the major topics include capital gains, dividends, profit shifting, and Jurisdictional arbitrage. In this article, we will cover the basics of corporate taxation in Jamaica. Dividends The Dividends of Corporate Tax in Jamaica (DCTJ) is a taxation system that applies to dividend income received from companies. This income is taxable in Jamaica under the Jamaican Income Tax Act. However, it is important to note that not every company pays dividends on a regular basis. Moreover, the taxation of…
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What is Personal Tax in Jamaica?

Personal Tax
If you are looking for information on personal income tax in Jamaica, you have come to the right place. You can find out what is the personal tax threshold in Jamaica and the rates of income tax. You can also learn about the non-cash benefits that you can exempt from income tax. Keeping this information in mind can help you make the best financial decisions in the country. Exemptions from paying income tax in Jamaica In Jamaica, you can claim some exemptions from paying income tax. Certain types of income are exempt, including social security contributions, pension scheme contributions, and…
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Back Tax Options in Jamaica

Taxation
If you have ever paid back taxes in Jamaica, you know that it can be a nightmare. Luckily, there are many legal options available to you, so you can get the money back you owe. Here are some of them. Just remember to keep your receipts. The best way to do this is to file an income tax return and keep all receipts for your business. Private sector investment Private sector investment in Jamaica is encouraged by Jamaica's government and its commitment to addressing the country's economic problems. The government actively courts foreign investors and encourages local participation. There are…
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