Independent Contractor vs Employee: The Tax Question

Should you hire an Independent Contractor or Employee?  One is not an alternative to the other by the standards laid out by the revenue department. It is therefore crucial that business owners correctly determine whether an individual providing services is an independent contractor or an employee. The general rule is that someone is an independent…

Yes, there are opportunities in a depreciated Jamaican Dollar!

Public discussion surrounding the depreciating dollar have been one sided, looking only at the negatives associated with the decline. With the exception of Dr. Damian King (Senior Economist, UWI), I'm yet to see a different perspective on the implications. Dr King views in summary: Some Jamaicans (companies, individuals etc.) will lose from the depreciation in the…

The Jamaica & IMF Equation

The Equation: The following outline what I believe to be the most likely economic outcome if an agreement is not reached (soon), between Jamaica and the International Monetary Fund (IMF): Further exchange rate depreciation If the Government of Jamaica is unable to secure a deal - in short order - continued domestic concerns, weakening markets…