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Managing Income Tax Refunds in IPS

Good Day Clients, Over the last few months, some clients have reported issues with uploading S01s containing negative PAYEs, although, the Tax Administration Jamaica documentation and guidance clearly states that employers can refund employees. If the combined total for PAYE is a negative figure...

Wednesday, 01 July 2020

IPS Software Update for Best Cash

Good Morning Valued Clients, TAJ has changed how the “BEST CASH” program should be processed in the payroll again. Consequently, you are due for your new update. We will be implementing same today and assisting with filing the amended returns. IPS is seeking your partnership in successfull...

Wednesday, 17 June 2020

Update to Treatment of Covid-19 Best Cash Grant

Good Day Clients, We have received another update from TAJ with regards to the Covid-19 Best Cash Grant. Please see attached document from TAJ. This new update advises that the monthly $18,000.00 Best Cash allocation should be the amount that the employee receives as net pay and not their gross ...

Tuesday, 16 June 2020

IPS Update on: Treatment of COVID-19 Cash Grants

Dear Valued Clients, As promised, we have released an update that will adjust taxable pays and tax calculations for clients who had made the “Best Cash” payments as non-taxable. This fix will re-calculate the difference, adjust the employee and employer taxes for the affected pay period and g...

Tuesday, 09 June 2020

Treatment of COVID-19 Cash Grants

Dear Valued Clients, We have finally received an update from TAJ with regards to the Covid-19 Cash Grants. Please see attached document from TAJ. Pay close attention to pages 5-7, where it discusses Employers who have paid Employees without deducting taxes We are currently working on an ...

Thursday, 04 June 2020

IPS Update on Best Cash and Income Tax Refunds

Good Day Clients, Over the last few months, we have been liaising the Tax Administration to ensure that software remains compliant and our clients are informed of new updates. Tourism workers, whose data was uploaded in the P45 Upload and qualified based on the requirements, could apply under t...

Friday, 15 May 2020

Newly Implemented P45 Form for Jamaica

Good Day Clients, Please see attached steps required to create the newly implemented P45 Form and the P45 Excel Upload File for upload to TAJ’s website. You will need an update from IPS, so please contact any of our consultants for assistance. If you have any queries or concerns, please feel ...

Friday, 17 April 2020

Newly Implemented S01 Schedule for Jamaica

Good Day Clients, Please see attached steps required to create the newly implemented S01 Form and the S01 Schedule A for upload to TAJ’s website. You will need an update from IPS, so please contact any of our consultants for assistance. If you have any queries or concerns, please feel free to...

Tuesday, 14 April 2020

S01 Update for Jamaica

Dear Clients, We are pleased to advise that the following S01 Schedule template is now available in IPS. Contact us today for your update. TAJ has announced that an enhanced Statutory Declaration (S01) has been created and is now available at https://www.jamaicatax.gov.jm/documents/1019...

Tuesday, 07 April 2020

Jamaica COVID-19 CARE Programme - SET & BEST Cash Components

Dear Clients, Due to the rapid spreading of COVID 19 across the globe, the Government of Jamaica has recently implemented the COVID Allocation of Resources for Employees (CARE) Programme. There are currently nine branches under said programme from which workers, small businesses, students a...

Monday, 06 April 2020

A Message From IPS Support

WE ARE HERE TO HELP YOU We take this opportunity to assure you that for us at IPS, it is business as usual. We are working around the clock to make sure that all payroll related issues regarding COVID-19 are made as simple as possible for our clients. As more companies are forced to drasticall...

Wednesday, 01 April 2020

NIS Rate Change for Jamaica

Good Day Clients, As many of you might already know, effective April 1, 2020, the NIS rate in Jamaica will be increased from 5.50% to 6.00%. This means that both employee and employer will now pay 3.00% each. Consequently, the new maximum amounts an employee/employer pays should be $865.38 we...

Tuesday, 31 March 2020

IPS Website Update

Dear Clients, This serves to advise, that we have recently updated our website to include a security protocol in order to access our Newsletters. With that being said, your Company Code will be required for access to be granted to the Newsletter page on the website. Your Company Code oth...

Monday, 20 January 2020

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