October 2013

SMARTPay For Windows (Payroll)

Every successful organization faces the common challenge of finding ways to reduce cost while improving efficiency. To date, automation has proven to be the most cost effective vehicle in obtaining this elusive mix. Microbridge Software Associates Limited, since our inception in 1991, has endeavoured to provide our valued business partners with electronic data processing solutions that address this challenge.

Education Tax Increase

The increase in the Education Tax is being undertaken to address the continued shortfall being experienced by the Student's Loan Bureau. The increased amounts will therefore be targeted to greater funding for said entity as a part of GOJ commitment to improvement in the education system.

Effective April 1st, 2013:

The Education Tax has been increased by 0.5 percentage points for employers and 0.25 percentage points for employees/self-employed.

The tax is imposed as follows:

SMARTCorp-HRM (Human Resource Management)

SMARTCorp-HRM Human Resource Management System seeks to engage those HRM professionals who are serious about adding value to the vitally important function of human resource management. SMARTCorp-HRM comes as a flexible, results oriented, competitively priced, time and cost saving solution to the management of human resources. The application assumes to replace paper based, labor intensive, time consuming and repetitive transactional tasks performed by the HRM department with an efficient, electronic, decentralized, and paper redundant tool for data capture, storage and reproduction.

Income Tax Threshold Increase

Pursuant to the advent of the new calendar year (2013), please see guidelines for your attention and adherence in relation to the following:

Effective January 1st, 2013:

The periodic threshold increments are as follows:

   ♦ Weekly paid employees - $ 9,756.00

   ♦ Fortnightly paid employees - $ 19,512.00

   ♦ Monthly paid employees - $ 42,276.00

   ♦ Annually paid employees - $ 507,312.00

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