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Sector Spotlight: Audit Risks in the Jamaican Hospitality and Tourism Industry

Tourism is the lifeblood of Jamaica’s economy. The island’s hotels, resorts, restaurants, and entertainment hubs collectively contribute significantly to GDP, foreign exchange earnings, and employment. Yet, the very dynamism of this sector introduces complex financial reporting and audit challenges. From bundled vacation packages and IFRS 15 revenue recognition issues to cash-intensive operations, related-party transactions, and...

Sector Spotlight: Audit Risks in the Jamaican Financial Services Industry

The financial services industry is the backbone of Jamaica’s economy. From commercial banks and credit unions to insurance companies and securities dealers, these institutions provide the capital, liquidity, and trust needed to fuel growth. Yet, the sector is also one of the most highly regulated and risk-prone industries—making the role of auditors critical. With increasing...

ISA 570 (Revised): Going Concern – Lessons from Recent Global Failures

A company’s ability to continue operating as a going concern is fundamental to financial reporting. It underpins valuations, investor decisions, regulatory trust, and strategic planning. If stakeholders lose confidence in an entity’s going concern assumption, the consequences can be devastating—affecting share prices, credit access, and even national economies. ISA 570 (Revised): Going Concern places responsibility...

ISA 315 in Practice: Identifying and Assessing Risks of Material Misstatement

  The credibility of financial statements depends on the auditor’s ability to identify and respond to risks that may lead to material misstatement. Investors, regulators, creditors, and Boards rely on these assurances to make informed decisions. At the heart of this responsibility lies ISA 315 (Revised 2019): Identifying and Assessing the Risks of Material Misstatement....

Mastering IFRS 15: Revenue Recognition in Complex Transactions

Revenue is the single most important number in financial statements. It is not only the top line from which profits are derived, but also a critical measure of performance for investors, regulators, creditors, and stakeholders. Yet, determining when and how to recognize revenue has always been one of the most complex areas in accounting. Historically,...

Digital Platforms and Cross-Border Taxation: Risks of Double Taxation in the Caribbean

When Income Crosses Borders The gig economy is global by nature. A Jamaican web developer can serve clients in New York, a Trinidadian virtual assistant can work with businesses in London, and a Barbadian designer can find clients in Toronto—all through digital platforms like Fiverr, Upwork, or direct online contracts. But with this global opportunity...

Platform Accountability: How Global Tax Reforms Impact Caribbean Gig Workers

The New Era of Platform-Based Work The gig economy in the Caribbean has been growing steadily, fueled by digital platforms like Uber, Bolt, Fiverr, Upwork, and Airbnb. These platforms provide opportunities for drivers, freelancers, and service providers to access new income streams and global clients. However, as this digital revolution accelerates, governments around the world...

Claiming Deductions: Home Office, Equipment, and Vehicle Use in the Caribbean Context

The Hidden Advantage of Being a Freelancer One of the major advantages of working as a freelancer or independent contractor in the Caribbean is the ability to claim tax deductions for business expenses. Unlike traditional employees—whose allowable deductions are minimal—freelancers can significantly reduce taxable income by deducting expenses tied directly to their work. These deductions...

Freelancers vs. Employees: Understanding Self-Employment Taxes in the Caribbean

The Changing World of Work The traditional 9-to-5 job model is being redefined across the globe, and the Caribbean is no exception. Increasingly, professionals are opting for flexible work arrangements offered by the gig economy, choosing freelancing, contracting, or other forms of self-employment. This shift is fueled by global digital platforms, greater demand for specialized...

The Rise of the Gig Economy in the Caribbean: Opportunities and Tax Implications

  The Caribbean labor market is undergoing a transformation. Traditional employment, once characterized by predictable work hours and employer-provided benefits, is increasingly giving way to the gig economy—a flexible model where individuals take on short-term, contract-based, or freelance work. From ride-sharing drivers in Kingston and Port of Spain to remote digital freelancers serving clients in...

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Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
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Taking seamless key performance indicators offline to maximise the long tail.
https://www.dawgen.global/wp-content/uploads/2023/07/Foo-WLogo.png

Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
https://www.dawgen.global/wp-content/uploads/2019/04/img-footer-map.png
Dawgen Social links
Taking seamless key performance indicators offline to maximise the long tail.

© 2023 Copyright Dawgen Global. All rights reserved.

© 2024 Copyright Dawgen Global. All rights reserved.