Sunday, November 23, 2014

E-Commerce the way to go

Dawgen E-Commerce

For additional information call:1876-9084007 or email:webservices@dawgen.com





Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet .
Ecommerce is now the largest retail environment growth area in the world.
For an eCommerce website to be successful, it must have the following features as a minimum:
  • Easy to navigate
  • High level security features which instill trust in customers
  • Search engine friendly
  • Aesthetically pleasing design
  • Easy to update and manage by your staff
At Dawgen E-Commerce , we work closely with your Company to realise your E-Commerce needs, creating an E-Commerce website that fits in with your Company brand whilst possessing the functionality required to attract customers, retain customers and convert sales.
Our E-Commerce websites are built with usability in mind, including an easy to use Content Management System in which you can update products and information pages yourself.
For additional information call:1876-9084007 or email:webservices@dawgen.com

UHY Dawgen now offers web services | LinkedIn

UHY Dawgen now offers web services | LinkedIn:



UHY Dawgen now offers Web services to support business who requires the most cost-effective way to promote business.  Products and services can be seen worldwide through a website. With the  ingression of website, it is now possible for everyday interactions with the  customers. Website maintenance includes revising, editing, or otherwise  changing  existing web pages to keep your website up to date.
 Our services are not limited to website development but we also undertake both  website graphic design and complex web application development of model web  applications.
Our web development projects are aimed at providing more satisfaction and  life  time support to you. Website maintenance of your site can also be provided to  keep it fresh and up to date. If you wish to transform your website into a  web portal or add a shopping cart, our website development  team can make that  happen without advising you to go for a complete website  redesign. Our Team of Consultants at Dawgentec have a passion  for delivering a unique  webpage design to enhance our customer reputation by  giving positive Return on  investment..
Website Development Services:
  • Web Development
  • Database Application
  • PHP Development
  • Net Applications
  • Web Hosting
 
Our Consultants' experience and qualifications allow us to deal with the majority  of tasks related to the organization and support of your web projects. Our  specialists are ready to offer you qualified consultation on any aspect related to  the organization and maintenance of web projects.

For information please contact us at : Tel:1876-9084007 or email webservices@dawgen.com
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Saturday, November 22, 2014

Keeping the Business in the Family | LinkedIn

Keeping the Business in the Family | LinkedIn:



Keeping a family business in the family requires a great deal of thought and planning. One of the first important steps may be for the founder, or current
business owner, to clarify why he or she wants to keep the business in the family. If the purpose is simply to provide a livelihood for his or her heirs, the same purpose might be accomplished by selling the business, setting up a trust, and 
letting the heirs receive interest payments for the rest of their lives. If the founder, or current owner of a business, wants his or her heirs to be self sufficient and have to earn a living, ensuring a livelihood for them could be accomplished by financing college educations and allowing them to follow their own interests.
Completing a written mission statement can help clarify reasons for keeping a business in the family. Many people who own family businesses believe that their business provides a service that people in their community need. A family that operates a hardware store may believe that their friends and neighbors would not be able to find the products they sell at reasonable prices at a large home improvement centre, for instance. Other families strongly believe that an art or craft that is part of their family tradition, is worth preserving and sharing to enhance the quality of life in their community.
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The Editor’s 10 Succession Planning Mistakes People Make . | LinkedIn

The Editor’s 10 Succession Planning Mistakes People Make . | LinkedIn:

This is by no means a comprehensive list, succession planning can be a
minefield, but here are some of the primary pitfalls to avoid.
1. Starting to plan too late. If you are in business and haven’t started your plan, assuming it will all work itself out in the end, you’re already behind the eight-ball. This laissez faire attitude will come back to bite you when you least expect it. You never know what’s around the corner - any of us could get hit by a bus tomorrow; if it was you, what would happen to your business, and how would your loved ones manage?
2. Not having a set of defined goals. You’ve heard this before about business planning. I know it’s a pain, but you need to know what your goals are before you decide on how you’re going to get there - or you may end up somewhere else!
3. Not involving all the stakeholders. Succession planning is not a solitary exercise.If you intend your successor to be a member of your family, bring everybody concerned together and form a family council; start meeting, start planning - get your act together.
Then there’s the management team, they need to be involved - after all it’s these people who run the company on a day-to-day basis.
4. Not getting buy-in from all the players.If you are blind to the fact that several of the stakeholders (and this could include partners, family, management, staff) are unhappy, or nervous about your succession plan, this can destabilize your business. It can lead to family strife and the loss of key employees.Communicate the plan (it needn’t be the whole plan - remove, or black out the confidential sections) to everyone involved, ensure they understand it and get their feedback.
5.Trying to fit a square peg into a round hole.I know, I know, you’ve always dreamed that your son would follow in your footsteps, but a degree in ancient Greek literature may not make him best suited to running your fabrication plant.
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Sunday, November 9, 2014

Study finds uneven tax rates among rich and poor in Jamaica


JAMAICA taxes the rich at one of the lowest rates in the world while taxes on the poor are among the highest, according to a new Personal Taxes Study by UHY, an international accountancy network.
It has led to calls to increase the tax threshold in order to reduce the tax burden on Jamaicans.
"The Jamaican Government should take bold steps to increase the tax-free threshold to US$10,000. This measure would have a positive effect on EMPLOYEES' productivity, and tax revenue loss can be recovered via a sales and consumption tax," stated Dawkins Brown, MANAGING partner of UHY Dawgen in Jamaica.
The study, released last week, found that individuals earning US$1.5 million (J$168 m) a year pay 29 per cent as INCOME tax in Jamaica compared with the global average of 40 per cent. That equates to US$1.06 million in take-home pay.
But the Jamaican scenario flips towards comparatively greater taxation for those who earn smaller salaries. The study found that individuals earning US$25,000 (J$2.8 million) a year pay income tax at 26 per cent in Jamaica while the global average drops to 17 per cent. Interestingly, the European average drops from among the highest in the world at 50 per cent for US$1.5 million earners down to 17 per cent for US$25,000 earners.
Brown explained that on the upside the relatively lower tax rate in Jamaica for high-income individuals could serve as a competitive business advantage.
"While not a lot of employees in Jamaica are earning US$1.5 million or approximately J$14 million per month, this is important to attract high-skilled professionals from abroad, who can train our local staff, resulting in 'effective knowledge transfer'," Brown said in an e-mailed response to Jamaica Observer queries.
Last week, the World Bank announced that Jamaica jumped from roughly 94 to 58 in the ranking of the 2015 Doing Business Report. It resulted in the island topping the region as the most competitive for doing business. Jamaica's improvement resulted from a series of business reforms Government fast-tracked in order to access financing from multilateral agencies, led by the International Monetary Fund (IMF).
"Lower tax rate is definitely a competitive business advantage. Multinationals who seek to expand internationally are motivated by competitive tax policy, both for personal taxes and corporation taxes. As Jamaica improves its ranking in the Doing Business Report, more companies will seek to explore possibilities of setting up subsidiaries here. Tax policy will be a key determinant in this decision," stated Brown.
The study found that some of the lowest rates were in Dubai, at zero personal INCOME tax, and Russia, at 13 per cent. It also indicated that rates were adjusted following the western financial crisis.
"UHY notes that while top-earning western European taxpayers are still losing by comparison with peers globally, several countries (Italy and the UK) have dramatically reduced or withdrawn top rate tax bands imposed following the financial crisis," stated the study.
For example, in 2014, a taxpayer earning US$1.5 million in the UK saved some US$63,600 in taxes compared with two years ago, following the abolition of the 50 per cent tax rate last year, the report said.
The USA also substantially reduced the amount of tax it took from top earners, lowering the tax take from an income of US$1.5 million to 42.5 per cent of earnings from 43.28 per cent. This saved high earners over US$10,600 a year.

Monday, November 3, 2014

Eastern Europe and emerging economies offer most generous tax regimes for higher earners | UHY Dawgen Chartered Accountants Blog

Western European economies* hit their highest earners with 25% more in tax than the global average,  amounting to just over US$152,406 extra in tax on an income of US$1.5million, according to a new study by UHY, the international accountancy network.
The research reveals that the global average take home pay on earnings of US$1.5million is US$897,970 with tax at 40%. Taxpayers in Western European economies with the same earnings however, are allowed to take home only an average of US$745,563, paying 50% of their income in tax.
UHY points out that the highest earning taxpayers in Western Europe also face a far bigger tax bill than peers in other developed nations. In Western Europe, taxpayers with a gross income of US$1.5million would keep an average of 50% of earnings, compared to an average of 57% in Canada, the USA, Japan, New Zealand and Australia.
At a slightly more modest income of US$250,000 the gap is even wider, with taxpayers in Western Europe allowed to take home only 56% of earnings, compared to 65% in other major developed economies.
A middle-income taxpayer earning US$50,000 in a Western European economy would receive close to the global average net income at that salary – US$35,935 in Western Europe compared to US$37,695 globally.  However, the 28% they would pay in tax compares unfavourably with the 23% they would pay in the USA.
UHY adds that Eastern European and emerging economies continue to offer the most generous tax regimes to higher earners.  In Dubai and Russia flat rate, or no, taxation means that all taxpayers take home 100% and 87% of their pay respectively, while taxpayers earning US$1.5million in Slovakia, the Czech Republic, Jamaica all keep more than 70% of pay.
UHY observes that some Eastern European economies may be gradually eroding this advantage as they increase the tax burden on top earners.  For instance those earning US$1.5m in the Czech Republic have seen the amount of tax they pay increase by US$183,409 since 2012, thanks to a ‘solidarity surcharge’, against a global average tax rise for this group of US$6,531.
Western countries move to reduce taxes for top earners
UHY notes that while top earning Western European taxpayers are still losing by comparison with peers globally, several countries (Italy and the UK) have dramatically reduced or withdrawn top rate tax bands imposed following the financial crisis.
For example, in 2014, a taxpayer earning US$1.5m in the UK was US$63,601 better off than two years ago, following the abolition of the 50p tax rate last year.
The USA also substantially reduced the amount of tax it took from top earners, lowering the tax take from an income of US$1.5 million to 42.57% of earnings from 43.28% – saving high earners US$10,656.
In contrast, a taxpayer earning US$1.5m in France would be US$44,646 worse off after tax than in 2012, after President Hollande introduced a new tax bracket of 45% for people earning more than €150,000. However, President Hollande’s plans to impose a 75% supertax on incomes of over EUR1 million were met with resistance and were instead replaced with a temporary additional tax to be paid by employers on salaries above EUR 1 million.
Ladislav Hornan, Chairman of UHY, comments: “The message that high taxes on top earners are uncompetitive has made some impact in Western Europe, and governments have taken steps to reduce the rates on top earners.”
“However, the gap between how heavily you are taxed in Western Europe compared to other developed economies remains striking, especially at the US$250,000 level.  That’s a typical income for a successful engineer, marketeer or head of IT.”
“As the global economy improves and new job opportunities open up, Western European governments need to be aware of the risk of a brain drain of skilled professionals.”
UHY studied tax data in 25 countries across its international network. The study captured the ‘take home pay’ for low, middle and high income workers, taking into account personal taxes and social security contributions. High earners were defined as workers earning US$1,500,000 per annum. The calculations are based on a single, unmarried taxpayer with no children.
Dawkins Brown, Managing Partner of UHY Dawgen in Jamaica, comments: “Jamaica is charging a higher rate of tax on income of US$25,000  compared to the USA. It deducts 26%, compared to  17.74% in the USA. The Jamaican Government should take  bold steps to increase the Tax Free Threshold to US$10,000. This measure would have a positive effect on employees’ productivity and Tax Revenue loss can be recovered via a Sales and Consumption Tax.”
*Western European economies in the study are; France, UK, Italy, Austria, Spain, Ireland, the Netherlands, Denmark and Belgium.
table 1

*Minus figures indicate a decrease in tax home pay.
**Denotes countries where the change in tax home pay in USD is a result of exchange rate fluctuations and not due to a change in tax.
table 2


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Wednesday, October 22, 2014

Open Source IP PBX System available in Jamaica | UHY Dawgen Chartered Accountants Blog

Open Source IP PBX System available in Jamaica

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UHY Dawgen Information Technology Department (Dawgen Tech) now offers Asterisk based Open Source Communication Solution including  Open source based IP PBX solution

Asterisk is a complete telephone solutions platform. *astTECS offers open source asterisk solutions , addressing a wide range of call center / contact center solutions & enterprises solutions including – IVR systems & solutions, open sourceVoIP PBX, call center dialer, voice dialer, voice logger & voice recorder, automatic call distribution or ACD application softwarepredictive dialer, hosted dialer, GSM card for asterisk, VoIP call recording, customized line call recording / monitoring / tracking.
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Brochures:
For more details on Asterisk Systems & Solutions Contact us Today :1987-9084007/Email dawgentech@dawgen.com
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