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 businesses 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. We have vast experience with tax investigations, enquiries and disputes. By 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.

Here’s how we can help you

• Tax Planning
• Transaction Services
• General Consumption Tax Planning
• Income Tax Compliance Services
• Tax Education and Training

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 and that the risk of enquiry by Tax Administration Jamaica is minimised.

We will let you know what you need to pay and when to pay it and in the 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 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.

Here’s how we can help you

• Tax Planning
• Transaction Services
• General Consumption Tax Planning
• Income Tax Compliance Services
• Tax Education and Training

All registered tax payers have certain obligations to fulfill under the General Consumption Tax (GCT) Act.

Do you know what your obligations are?

All liabilities and obligations incurred while being a registered tax payer continue to be binding even after the tax payer ceases to be registered. GCT is a complex tax which carries punitive interest and penalty clauses. No steps should be spared in ensuring you are compliant with the various requirements of this tax. It is always better to be safe than to be sorry.

Here’s how we can help you

• Tax Planning
• Transaction Services
• General Consumption Tax Planning
• Income Tax Compliance Services
• Tax Education and Training