7 Audit Myths Jamaican Business Leaders Should Stop Believing
7 Audit Myths Jamaican Business Leaders Should Stop Believing For many Jamaican businesses, the external audit is treated as something to survive once a year. The auditors come in, ask for documents, test transactions, review balances, issue a report, and everyone moves on. But for medium and large companies, that mindset is too narrow. An […]
Preparing for an External Audit in Jamaica: 7 Questions Audit Committees Should Ask
Preparing for an External Audit in Jamaica: 7 Questions Audit Committees Should Ask In Jamaica, a difficult external audit usually does not begin when the auditors arrive. It begins earlier, when reconciliations are delayed, supporting schedules are incomplete, records are hard to retrieve, and known control issues remain unresolved. That is why audit committees matter. […]
Jamaica’s Higher Income Tax Threshold Is Boosting Take-Home Pay. Is Your Payroll Ready?
Jamaica’s Higher Income Tax Threshold Is Boosting Take-Home Pay. Is Your Payroll Ready? Tax changes often make the news as a win for employees. In this case, that is true. But for medium to large employers in Jamaica, the more important story is what happens behind the scenes. A higher income tax threshold affects payroll […]
Tax-Exempt Status in Jamaica: Who Can Qualify, How It Works, and Where People Often Get It Wrong
Tax-Exempt Status in Jamaica: Who Can Qualify, How It Works, and Where People Often Get It Wrong Tax exemption is one of those phrases that sounds simple until real money, imports, governance, and related companies enter the room. Recent headlines in Jamaica have pushed the issue into public conversation and caused more business owners, nonprofit […]
Latest Audit Trends in Jamaica: What Boards, CFOs and Audit Committees Should Watch in 2026
Latest Audit Trends in Jamaica: What Audit Committees and CFOs Should Watch in 2026 If you lead a medium or large company in Jamaica, the audit conversation has changed. It is no longer only about year-end fieldwork, statutory compliance, or whether the files are ready. The latest discussion in auditing is about whether companies can […]
Do You Need an Audit in Jamaica? Here’s How to Tell
Do You Need an Audit in Jamaica? Here’s How to Tell Many business owners and finance leaders in Jamaica ask the same question around year-end: Do we actually need an audit, or are we just assuming we do? It is a fair question. Audits take time, planning, and money. But waiting too long to find […]
Jamaica’s Budget Debate 2026: What Local Businesses Should Watch Closely
Jamaica’s Budget Debate 2026: What Local Businesses Should Watch Closely Jamaica’s 2026/27 Budget Debate is now in focus, and for business owners, finance teams, and decision-makers, this is more than political theatre. It is a live discussion about how the country plans to spend, borrow, rebuild, and collect revenue over the next fiscal year. For […]
When Are Audited Financials Needed in Jamaica? What Business Leaders Need to Know
When Are Audited Financials Needed in Jamaica? What Business Leaders Need to Know For many business leaders in Jamaica, audited financial statements can feel like something you deal with only at year-end. But in reality, they often become important long before then. If you lead a medium or large company, audited financials are not just […]
Jamaica Approves Changes to Asset Tax and Corporate Income Tax
Jamaica Approves Changes to Asset Tax and Corporate Income Tax Jamaica’s House of Representatives has approved important amendments to the Asset Tax Act and the Income Tax Act, changes that will directly affect corporate taxpayers across the island. While the updates may appear administrative at first glance, they carry meaningful implications for compliance planning, cash […]
Our Global Advantage Through PrimeGlobal
Our Global Advantage Through PrimeGlobal Charles O’Connor & Associates Chartered Accountants is a Jamaican auditing firm and an independent member of PrimeGlobal, one of the top five largest associations of independent accounting firms in the world. PrimeGlobal connects more than 300 high-performing firms across over 120 countries, equipping Jamaican auditors with global resources, technical expertise, […]