CDB:Caribbean Economic Review and 2018 Outlook

2017 Caribbean Economic Review and 2018 Outlook

The extreme vulnerability of the Caribbean Region was highlighted once again in 2017. Many of Caribbean Development Bank’s (CDB) Borrowing Member Countries
(BMCs) were affected by the hurricanes that passed through the Caribbean in September. It will take considerable time for some BMCs to recover from the significant economic and
social damage and losses they experienced. Notwithstanding the devastating events of 2017, there was an overall uptick in economic growth to 0.6%. The rebound in oil prices helped producers such as Suriname and Trinidad and Tobago, although they stayed in recession. However, higher oil prices also put unfavourable pressures on the external positions of many other countries. Fiscal balances remained weak in most cases,
and public sector debt continues to be worryingly high in many BMCs. Read more

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Leadership Strategies for Entrepreneurs

“If your actions inspire others to dream more, learn more, do more and become more, you  are a leader.” John Quincy Adams
Leadership is a hot topic. You see it everywhere – books on leadership, leadership seminars, management leadership training, and non-profit and business leadership courses abound. It’s a hot topic because it’s important, and because traditional leadership qualities and strategies are being challenged by new research that is showing that people
respond to leadership differently than they used to. Expectations have changed, and the thinking around what makes a good leader has changed as well.

This anthology starts with seven traits of successful entrepreneurs – leadership starts on the inside. Growing the Leader in You will help put you on track toward becoming
a leader people will want to follow. We all make mistakes, it’s what we learn from them that makes us improve, so check out the 5 Top Mistakes Leaders Make and see if you spot anything you might be doing wrong.


Sometimes strong leaders simply stray from their original focus or path due to the constant daily demands of owning a small business. Achieving Clarity offers guidance to help you re-define your vision as the leader of your company and to create a clearer vision for the future of your small business.
In addition, you’ll find valuable leadership strategies that include developing an ethical workplace, assessing your business effectiveness, and the art of delegation. If you are looking to brush up on your leadership skills, read the Top Ten Business Resolutions. Whatever the time of the year, it’s always worth making a few new resolutions.
Finally, take some time to think about what you might need to do in order to get ready to sell your business or pass it on to the next generation.
As a small business owner, you are a leader. Whether you’re leading your business all on your own, or have a team that looks up to you for leadership, these chapters will help you to think about things differently, and inspire and equip you to grow your leadership skills in the coming years.

 

Get a Copy of :Leadership E-Book Courtesy of Crowe Horwath Jamaica

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Trinidad & Tobago: Director of Audit Services

Director of Audit Services

Role

  • Responsibility for a varied and diverse portfolio of clients
  • Manage client relationships and provide general business advice to clients
  • Responsible for audit scheduling, planning, staffing and structure
  • Reviewing audit work papers and finalising financial statements
  • Responsible for ensuring timely completion of projects and high level of client service
  • Liaising with Regional Managing Partner
  • Assisting in managing a group of seniors and trainees
  • Monitoring the development of seniors and trainees and participation in the delivery of training courses to staff
  • General administration, including working capital management.
  • Assist with executing growth agenda

Requirements

  • Detailed practical experience of IFRS and Trinidad & Tobago Company law
  • Qualified accountant (Chartered Accountant or equivalent)
  • Strong technical knowledge of accounting and auditing
  • Minimum 3 years post qualification experience
  • Have prior experience within an audit team at management level
  • Excellent team leading, interpersonal and communication skills
  • Excellent drive, enthusiasm, and commitment
  • Excellent project management skills and attention to detail.
  • Practicing Certificate from ICATT

Remuneration

The salary on offer will be highly competitive and will reflect the experience you bring to the role.

If you are interested in applying, please send your CV to info@crowehorwath.com.tt

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Trinidad & Tobago:Corporate Finance Senior

Corporate Finance Senior

Background

Crowe Horwath is expanding in the Caribbean and now seek to recruit a highly talented corporate finance/accounting professional. The successful candidate will provide assistance to the senior management team and Partners within the Corporate Finance department in financial advisory, analysis and other corporate finance activities. You will work within different sectors and with varying corporate and public sector clients.

Responsibilities

The responsibilities of the role will include:

  • Working on corporate finance engagements including transaction structuring, valuations, M&A advisory, strategic advice, debt negotiations, financial modelling, due diligence, preparation of business plans and asset management.
  • Providing assistance and advice to clients, the senior management team and Partners on specific projects.
  • Managing work plans and budgets in order to deliver a high-quality client service.
  • Attending client meetings, keeping up to date records and presenting to clients if required.
  • Keeping client files maintained.
  • Developing and maintaining relationships with clients and key intermediaries.
  • Proactively managing job budgets, WIP and debtor ledger.
  • Working within a team environment with more senior and junior personnel and providing training when necessary.

The requirement

The role requires the following at a minimum:

  • Honours Degree.
  • ACA, ACCA or similar professional qualification.
  • Demonstrable communication, presentation and report writing skills.
  • Strong financial analysis and financial modelling skills.
  • Good level of proficiency in Word and PowerPoint.
  • Report-writing skills.
  • Commercially astute.
  • Preferably with prior corporate finance experience in professional practice or corporate roles in industry.

If you are interested in applying, please send your CV to :info@crowehorwath.com.tt

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Trinidad & Tobago:Taxation Director

Taxation Director

Role

  • Responsibility for leading a varied and diverse portfolio of clients across multiple tax heads
  • Manage client relationships and provide general business advice to clients
  • Responsible for assignment scheduling, planning, staffing and structure
  • Staff management and training
  • General administration, including working capital management
  • Pitching for new business and driving the growth of the firm
  • Providing advice to clients across multiple tax heads
  • Providing advice to clients on tax planning opportunities
  • Assist in various consultancy projects
  • Various ad hoc duties and responsibilities as directed by the Partners

Requirements

  • Qualified Tax consultant and/or Qualified Accountant (Chartered Accountant or equivalent)
  • Strong technical tax knowledge across multiple Caribbean countries
  • Excellent technical ability in tax planning
  • Minimum 7 years post qualification experience
  • Have prior experience within a busy tax team at senior management level
  • Excellent team leading, interpersonal and communication skills
  • Excellent drive, enthusiasm and commitment
  • Excellent project management skills and attention to detail
  • Strong commercial awareness and business development skills
  • Strong international experience is desirable but not essential

If you are interested in applying, please send your CV to:info@crowehorwath.com.tt.

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Trinidad & Tobago:Audit Manager

Audit Manager

Role

  • Responsibility for a varied and diverse portfolio of clients
  • Manage client relationships and provide general business advice to clients
  • Responsible for audit scheduling, planning, staffing and structure
  • Reviewing audit work papers and finalising financial statements
  • Responsible for ensuring timely completion of projects and high level of client service
  • Liaising with directors and partners
  • Assisting in managing a group of seniors and trainees
  • Monitoring the development of seniors and trainees and participation in the delivery of training courses to staff
  • General administration, including working capital management.

Requirements

  • Detailed practical experience of IFRS and Trinidad & Tobago Company law
  • Qualified accountant (Chartered Accountant or equivalent)
  • Strong technical knowledge of accounting and auditing
  • Minimum 3 years post qualification experience
  • Have prior experience within an audit team at management level
  • Excellent team leading, interpersonal and communication skills
  • Excellent drive, enthusiasm, and commitment
  • Excellent project management skills and attention to detail.
  • Practicing Certificate from ICATT
  • Ability to progress to Partner within 24 Months

Remuneration

The salary on offer will be highly competitive and will reflect the experience you bring to the role.

If you are interested in applying, please send your CV to info@crowehorwath.com.tt

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Crowe Horwath Jamaica :Owner-Managed Businesses & SMEs

At Crowe Horwath Jamaica we are all about adding value to your business. Whether you are looking to increase profit, looking to maximise value, or most likely both, we have the skills to make it happen.

Yes, we provide audit, tax and advisory services but our service is much deeper than that. Working closely with you we work hard to ensure your business reaches its potential and creates the profit and rewards from your skills.

We work with owner-manager businesses, entrepreneurs, sole traders, partnerships and family businesses operating both domestically and internationally, across a wide range of sectors. We are acutely aware of the issues and challenges that owner-managed businesses and SMEs regularly come up against. Our services are focused on delivering clear benefits using a combination of our many years of experience and expertise which we bring to:

  • Understanding the value of the customer and ensuring the right business processes and structures are in place to deliver long term value
  • Coping with growth – ensuring that systems and disciplines develop in line with business expansion
  • Understanding and satisfying the differing expectations of the shareholders and family members
  • Ensuring that the process of succession is being effectively managed – handing down the business to the next generation
  • Introducing clear and separate decision making processes for each of the shareholders, business and family
  • Finding the right balance – managing business and personal finances to secure the highest possible net worth
  • Spreading the management load – bringing in new expertise while keeping control of the costs

We offer partner-led proactive advice to all our clients. Our advice is clear and concise so that it is understood by all. We take the time to understand each client’s unique set of circumstances. We know that confidentiality and privacy are paramount and we are sensitive to the ways in which business ownership, management, personal objectives and family relationships often overlap. We are committed to finding commercial and practical solutions for our clients, whatever the challenge.

We work with our clients on a broad range of issues, from meeting statutory requirements, improving business performance and growing business value, to achieving lifestyle aspirations, making sound retirement decisions and managing accumulated wealth. We liaise with solicitors, insurance companies, and other outside parties as required to ensure the best outcomes for clients.

Our team of experienced professionals can help you with all aspects of your business from start-up to maturity:

Start-up

Our services when your business is a startup include:

  • Advice on the appropriate trading structure – partnership, sole trader or limited company
  • Company formations and secretarial services
  • Opening bank accounts
  • Tax registration – Income Tax, Corporation Tax, GCT, PAYE etc
  • Assistance with accounting and software installation
  • Assistance with financing your business (bank negotiations, funding options)
  • Assistance with preparation of business plans and financial forecasts
  • Outsourcing services such as monthly book-keeping and management accounts, payroll services and GCT compliance services
  • Preparation of annual accounts and tax returns

Growth

Our services when your business is in the growth stage include:

  • Preparation of business plans and financial forecasts
  • Assistance with financing your business (bank negotiations, funding options)
  • Preparation and assistance with Bank funding applications
  • Holding company structures
  • Family constitutions and governance
  • Statutory audit and annual company secretarial services
  • Annual corporation tax compliance services
  • Tax planning to include advice on the most appropriate tax reliefs available to your organization
  • Property transactions
  • Asset protection/managing surplus cash

Expansion

Our services when your business is expanding include:

  • Developing a comprehensive structured process of building value in your business
  • International / cross border tax and advisory services – As a member of Crowe Horwath International we have access to accounting and advisory services in over 130 countries around the world
  • Employee rewards
  • Financial restructuring
  • Internal audit and control reviews
  • Merger and acquisition services – identify targets, due diligence, fund raising and M&A negotiation
  • Tax efficient profit extraction

Maturity

Our services when your business is in the maturity stage include:

  • Business and share valuations
  • Management buyouts
  • Pension advice and planning
  • Succession planning – retirement, estate planning, wills and probate
  • Tax efficiency maximization

Speak to one of our experienced professionals today to find out how Crowe Horwath Jamaica can assist you and your business in making smart decisions that will build lasting value for your business.

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The Restaurant Business – How to Win

Food is one of the basic necessities of life. You need to eat to survive. For some, it is just that – but for most of us, it is more than just survival. Food is a celebration – of being alive, of taste and of our fruits of labor. Although this celebration is most of the time confined in the home kitchen, with the fast-paced world and less time that we have to cook and then to eat – the restaurants serving a wide array of delicious food are increasingly becoming the stop-over for the urbane society.

In most parts of the world – the smallest snack cart to the suave seven starred restaurants – food is available for the consumer in ways that were incomprehensible even in the last century. Eat while floating in air – the hanging restaurant – or eat under water amongst the swimming sharks – how about eating aboard a tram or a train or cruise – exclusive restaurants on wheels or on water – celebrate the way that best suits your taste.

The business of restaurants hence is a very lucrative option for many entrepreneurs. From small start-ups, family joints to mega food chains – restaurant business is making its mark in the consumer market. Although it seems quite simple to just walk in a restaurant, order the food, eat, pay and leave – running a restaurant and staying on the market when restaurants are mushrooming at almost all the corners of your street – is not quite easy. Starting up a restaurant and keep it running with profit needs meticulous pre-planning and management.

The most important points that one should keep in mind while starting a restaurant are:

The location of the restaurant – ensure that there is traffic where you are opening up the restaurant. It is not necessary that you have to open one only at the established areas. You need to identify areas that would develop soon as well.

Great food, great ambiance, great service – the three keys to keep customers loyal to your joint. They should not just visit once, but keep revisiting.

There is no great food unless there is a reliable and regular supply chain to support it with. So before you get into opening a restaurant, remember to invest money and effort in building up the supply chain.

Once you have your restaurant all set up, in order to keep it running – remember the following:

Don’t over promise and under deliver! You may find a number of exotic menus available, but offer only those that your kitchen can deliver.

Keep it changing, but don’t forget the old! It’s good to jazz up your joint once in a while – the décor, the menu. But remember, you’ll also have loyal customers who come to your place to relish the signature dish or enjoy the old ambience. Ensure that your change does not make the most loyal customers uncomfortable.

Most importantly – times change, markets go up and down – but always ensure that your customers get value for their money.

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Crowe Horwath Jamaica Advisory Services

Are you making the best decision for your company’s future?

Many acquisitions fail to live up to expectations. The reasons range from poor deal structure, poor strategic fit, failure to identify problems with the quality of earnings, overly optimistic estimates of synergies, to lack of an integration plan.

Evaluating a company in another country compounds these risks. You are dealing with a different language and cultural barriers; different business ethics, legal systems, filing regulations, and accounting principles; transfer pricing that affects taxation – and often government involvement.

But international deals often provide the best growth opportunities. They can offer improved returns from economies of scale, new target markets for existing products/services, access to commodity materials, and a hedge against seasonality.

Even savvy managements and private equity investors cannot know everything they should to make a deal successful, so they need an experienced international advisor.

 

Services we Provide

 

In demanding work such as corporate restructuring where rules, deadlines and objectives change overnight, satisfying the respective parties and staying on top of things is an art itself and a real challenge we relish in.

There are two key strengths that set us apart – a trained, experienced eye for detail and a success-driven passion to serve. When your growing business needs a holding hand, our team of corporate advisors is here to do what we do best – taking your business to the next level of growth.

Services

Corporate Finance

  • Transaction Support
  • Financial Due Diligence
  • Vendor Assistance and Due Diligence
  • Pre-Deal Evaluation and Structuring
  • Negotiation Strategy Advice

Mergers & Acquisitions

  • Acquisition Strategy
  • Divesture Advisory
  • Merger & Acquisition Integration
  • Financial Restructuring
  • Private Placements & Capital Raising
  • Initial Public Offers and Project Management
  • Recapitalisations
  • Structuring of Management Buy-Outs (MBO), Management Buy-Ins (MBI) and Buy-In Management Buy-Outs (BIMBO)

Valuation Services

  • Company and Business Valuations
  • Equity Incentive Valuations
  • Intangible Asset Impairment
  • Purchase Price Allocation
  • Shareholder/Corporate Planning
  • Stock Redemptions and Recapitalisations
  • Litigation Support
  • Independent Expert Reports/Fairness Reports

Corporate Recovery Services

  • Scheme of Arrangement and Composite Settlement Schemes
  • Debt, Cash Flow and Credit Restructuring
  • Capital Reduction
  • Monitoring Accountant
  • Turnaround Management
  • Viability Review
  • Non Performing Loan (NPL) Evaluation

Insolvency Services

  • Liquidation – Provisional, Court, Creditors’ and Members’ Voluntary
  • Receivership by Court and Debenture Appointments
  • Special Administration, Independent Advisors and Creditors’ Agent
  • Litigation Support
  • Arbitration Support for Companies with Shareholders’ Disputes and Insolvency Problems

Need Help: Call us 1876-9265210 or Email:info@crowehorwath.com.jm

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Vacancy: Audit Manager

Crowe Horwath Jamaica has vacancy for an Audit Manager.

Responsibilities

  • Lead and supervise Audit Team
  • Perform review of work completed by subordinates to ensure accuracy and completeness.
  • Handle ad-hoc advisory assignments.
  • Meet clients and authorities to resolve issues.

Requirements

  • Minimum a university degree in Accounting or Finance, or those with a full or partial professional qualification (ACCA, CPA or MSc).
  • Possess minimum 5 years of relevant work experience and good leadership and people skills.
  • Be proficient in written and spoken English as well as possess excellent communication, report writing, and computer skills.
  • Be proactive, resourceful, innovative and have an eye for details.
  • Be a team player who is also able to work well independently and in a fast-paced, deadline-driven environment.

How to Apply:

  1. Download and Complete Application Form :Download Form here
  2. Submit Resume and Completed Form to :info@crowehorwath.com.jm
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