Small and Medium Sized Entities
“ AMCS prepares Jamaica Tax returns in accordance with each Jamaica Tax Act, and maintains records to support the information reported on the return, in accordance with the Jamaica Tax Act.”
“ Tax Returns can be prepared for ALL Individuals and ALL Entities.”
Contact AMCS Jamaica Limited
Individuals & Small and Medium Sized Enterprises (earning less than five hundred million Jamaica dollars per annum), not regulated by the Financial Services Commission, the Bank of Jamaica, the Ministry of Finance and the Office of Utilities Regulation, are not required to obtain a financial statement audit to file end of year Income Tax Annual Returns in Jamaica.
Taxpayers in this category are required to:
✓ maintain proper accounting books and records
✓ properly account for each transaction.
✓ ensure proper tax treatment.
✓ correctly present the financial information of the entity in the financial statements attached to the Income Tax Annual Return.
See Accounting , Using Accounting Software?, Accounting Services, Financial Accounting Services, Financial Accounting and Reporting Environment Framework Advisory Services, Financial Accounting Policies System and Design, Financial Reporting Compliance Services, Financial Analysis, Preparation of Financial Statements and Income Tax Annual Returns, Individuals Who Trade or Have Other Sources Of Income, Small and Medium Sized Enterprises, Large Taxpayers
AMCS also provides Tax Services see Jamaica Tax Law Advisory Services, Jamaica Tax Planning Strategy and Management, Jamaica Tax Compliance, Jamaica Tax Audit - , Tax Returns Prepared by AMCS, Tax Returns Prepared by Discontinued Provider, Jamaica Tax Training.
AMCS prepares Financial Statements as part of Financial Accounting Services and prepares Jamaica Tax Returns (see Accounting Services Package). Income Tax Annual Return and S02 Payroll Tax Returns are prepared in accordance with each Tax Act to ensure compliance .
External auditors, auditors who express an Independent Audit Opinion on financial statements, are strictly prohibited from providing Accounting Services and Preparation of Financial Statements services on Financial Statments they express an opinion on.
Individuals who Trade or Have Other Sources of Income and Small and Medium Sized Enterprises may obtain Financial Accounting Services and Jamaica Tax Return Services on a monthly basis.
Preparation of Financial Statements and Income Tax Returns and Payroll Tax Annual Returns services can be provided at an additional charge at December.
For Individuals who Trade or Have Other Sources of Income and Small and Medium Sized Enterprises that chose to obtain a financial statement audit, one can be obtained from a separate Independent Auditor at a separate charge.
Contact AMCS Jamaica Limited for Financial Accounting Services, Jamaica Tax Services, Preparation of Financial Statements and Income Tax Annual Returns.