BUSINESS ADVISORY
Your professional and personal goals are central to our business advisory services; we take the time to get to know you better so we can offer the best advice.

MANAGEMENT CONSULTANCY

Our management consultancy service can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.

Effective management information will allow you to seize opportunities when they arise or identify problems quickly so you can take effective corrective action.

INFORMATION TECHNOLOGY

Information technology (IT) is one of the key resources available to every business to achieve its short and long – term objectives.

Using the knowledge gained from our own systems and those designed for other clients, our in – house IT team are able to advise on IT related matters with first- hand experience. We can install software, provide training and help you to obtain the best from your chosen system. Our expertise enables a complete range of services to be offered, including:

• Software selection
• Hardware selection
• Installation and training
• Management reporting solutions
• Payroll systems

If you are spending too much time writing up books, typing invoices and chasing debts we help to take control by computerising your accounts system. We can help you to make the best use of IT resource to produce financial information that is accurate and appropriate for running your business effectively. With the correct accounting software you will save hours of hard work leaving you more time to deal with the more important areas of the business.

In short, whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.

BUSINESS VALUATION
What’s my business worth?

Business valuation is a complex process that requires extensive business consulting and experience, knowledge of current valuation methods, and access to up-to-the-minute market information. The goal is a fair market value that will stand the test of time. Knowledge and understanding of various tax matters is also a important part of many business valuation projects.

Corporate Secretarial

Smith & Associates provides a range of corporate secretarial services to private and listed companies, clubs and societies, and individuals.

Our experienced team will relieve you of the regulatory burden and leave you more quality time to concentrate on other areas of your business. We will adhere to your needs ensuring everything is in the correct legal format, in the right place at the right time.

Our corporate services specialists are available to assist you in:

• Incorporation and registration of Companies.
• Registration of trademarks.
• Registration of Business under the Business Names Act
• Preparation and filing of statutory returns with the Companies Office of Jamaica.
• Updating and maintaining statutory registers, i.e. of members, and register of charges.

TAXATION ADVISORY
Corporate Tax

Under corporate tax self-assessment the liability is firmly on businesses to ensure that taxation due is correctly calculated and paid on time. At Smith & Associates, our specialised team of Accountants recognise that the increasingly complex taxation framework under which we work is placing more and more pressure on business and their owners. We can provide a comprehensive compliance service to ensure that exposure is precise and complete and that returns and computations are correctly prepared and submitted on time. Our specialist corporate tax team are also able to provide advice and assistance in numerous other areas to ensure that all aspects of taxation are rightly considered.

• Group structure – whether you want to restructure your current team or start out for the first time, the structure of the business needs to be established and managed in a tax efficient way that is flexible enough to grow as the business grows.
• Tax planning on corporate acquisitions and disposals – our involvement at an early stage in the transaction process ensures your wealth is maximised through the correct structuring of the deal in a tax efficient manner.
• Tax investigations – an increasing number of businesses are coming under scrutiny by Tax Administration Jamaica and we appreciate that this can be stressful, disruptive and costly problem. We have vast experience with tax investigations, enquiries and disputes. Dealing directly with Tax Administration Jamaica on behalf of our clients we will negotiate the best possible legal outcome.
• Employer related issues – we can provide assistance with registering new businesses with Tax Administration Jamaica and provide advice on all aspects within employer related issues.

Personal Tax

At Smith & Associates, our specialist personal tax team work closely with our clients to ensure that self – assessment returns are completed efficiently, precise and on time through our on –line filing service and that the risk of enquiry by Tax Administration Jamaica minimised.

We will let you know what you need to pay and when to pay it and in the rare event that an enquiry is opened, we will provide expert advice and support and liaise directly with Tax Administration Jamaica on your behalf to resolve and such issues to achieve the best possible outcome. Our tax services for individuals don’t stop at routine form submitting. We provide expert year round advice on all areas of personal taxation.

We recognise that taxation planning needs to be flexible and that what works today may not always be appropriate and accurate in the future. We regularly review and monitor the tax position of our clients so that we can react quickly to changes in circumstances or legislation.