Accounts Review and Internal Audit
We do peer review and mentorship to guide on matters of, books of accounts to resolve existing errors for appropriate action, internal controls to ensure efficiency in operations, documentation to proof transactions and management reporting.
Budget Preparation
We work hand in hand with management to prepare a proper budget, to guide on day-to-day operations of the business and also for purposes of external funding applications. We continuously monitor and review actual amounts in line with budget strategies put in place to ensure targets are efficiently achieved. This helps to guide on maximization of income while minimizing on expenses to ensure best actual results which reflects the budget.
Bookkeeping
Success cannot be measured without a proper accounting system which ensures all business transactions are recorded and reconciled in a manner that facilitates management and taxation. We ensure this is achieved efficiently by advising on documents for each transaction, then implementing an accounting system to ensure proper books are kept and prepared in accordance with the Gaap, Ifrs and tax Act. This ensures that financial statements produced state a true and fair view and actual amounts incurred reflect budget put in place, with recommendations captured in the monthly management reports.
Taxation
Individuals, as well as companies, are required to file and pay taxes as laid down in the tax Act. Taxation like management is another reason why keeping proper books of accounts is a requirement, which reports, are used to facilitate the calculation of various taxes. We advise on tax planning and help to achieve timely calculations of the same, and also returns to ensure compliance. This includes payroll-related statutory deductions like pay-as-you-earn, National Social Security Fund, National Hospital Insurance Fund, Dit, Helb; Also business-related taxes like value-added tax, withholding tax and vat, income tax or turnover tax, excise duty, rental income tax and currently introduced digital tax.