Anrank & Co.
P.O.Box 12283, Makanga House, Nalukolongo
+256 782 341885
anrank.cpa@gmail.com
Businesses face the increasing pressure of ever more rules and regulations, with tax complexities often consuming a large amount of management time and effort. We will help you incorporate tax efficiency into your business planning and decision-making to put you in control of tax costs and generate long term savings.
We realise that managing your tax compliance burden efficiently can have a significant impact on your business. Whether you outsource your business tax processes to us completely or simply need advice to help you streamline the paperwork and deal with specific issues, we can deliver the quick, efficient service you need.
We have a team of tax advisors tax experts who are readily available to join with your team in ensuring your tax risks are adequately managed as you implement your business strategy. With over 10 years, we have the insights to help you significantly improve the timeliness, quality and accuracy of you tax accounting processes.
We check the tax computations together with expense schedules to ensure that all expenses that are not allowable have been adjusted and that all capital deductions have been claimed.
We compare the income per computation with that declared in the returns. We also check the correctness and timeliness of submitting the returns and reconciliation of tax statement of account.
We examine all the payroll records including the staff files to ensure all emoluments are declared. We also recalculate the taxes to ensure correct tax rates have been used.
We ensure from the sample selected that the payroll agrees to the PAYE records and the employment contracts. We ensure that PAYE, NSSF and NHIF are correctly computed and paid on time. We also ensure that all the returns were submitted on time.
We ensure that withholding tax has been correctly deducted, accounted for and remitted on a timely basis to the tax authorities in respect of all eligible invoices and agreements entered into.
We review the purchases day book, cash book and other similar records to identify invoices or payments that are subject to withholding tax and ensure that the same has been done and paid on time.
We review the VAT control accounts to ensure that all output taxes have been declared and all eligible input tax has been claimed.
We compare sales per VAT returns with accounts for variances. We check the correctness and timeliness of VAT declaration.
We then prepare a report of findings and compute the outstanding taxes and penalties if any. We advice on how to resolve the matter and recommend the best way forward.
