Our greatest strength is in the diversity and years of experience of our bookkeepers and accountants.
The team is experienced in the writing up of the primary books of accounts and preparation of annual financial statements for taxation and financial reporting purposes.
Financial statements provide key performance indicators to assess an enterprise's financial performance and financial position.
In addition, the team help with the design of systems of internal control. These controls ensure the completeness of recorded income and expenses, help safeguard assets of the business as well as minimize fraud or error.
Tax management is complicated for many business entrepreneurs. Incessant changes in tax legislation and other compliance requirements do not help the situation either.
Our tax professionals keep abreast of the changes in tax law and practice along with other business statutory requirements.
They assist with the calculation of periodic value added tax, withholding tax, Pay As You Earn, business income tax and sometimes capital gains tax together with the submission of the said returns to the Zimbabwe Revenue Authority.
The calculation of provisional income tax (QPDs) and the submission of return forms (ITF12B) to the taxation authority is also the responsibility of our tax team.
Lastly our consultants advise on the tax implications of business transactions with a view to legally minimize tax, avoid penalties and reduce interest payable. Such advice will also extend to the tax implications of related party transactions in view of the existing transfer pricing legislation.
Tax and estate planning involves legally structuring business transactions to achieve tax efficiency and effectiveness.
This process is carried out with a full understanding of the anti tax avoidance legislation crafted to counter arrangements whose main purpose is the avoidance or postponement of liability to tax.
The main objective of tax and estate planning is not to minimize tax or estate duty but to facilitate succession. Accordingly, minimizing or making provision for tax and estate duty is merely incidental to such arrangements.
Our consultants help clients with an appraisal of the tax implications of using various tax and estate planning instruments such as wills, usufructs, discretionary trusts and limited liability companies. Usually, these are set up to lighten the burden of estate costs to beneficiaries.
The Zimbabwe Revenue Authority has put in place a system whereby business enterprises submit self assessed tax returns in virtually all tax heads.
This is in contrast to the approach taken by the Inspector of Taxes in yesteryears where tax returns were assessed after thorough scrutiny of the declarations made.
With the current practice, the tax authority is eager to check on the accuracy, validity or authenticity of the self assessed tax, hence the need for regular tax audits.
Because tax auditors are endowed with enormous power, authority and dominance, our firm invariably represents taxpayers in most audit cases.
While we are mindful of the powers vested in the tax auditors, sometimes a deadlock ensues regarding matters raised in an audit.
Our extensive experience in tax controversy helps us accelerate conflict resolution in a less confrontational manner. This approach usually paves way for penalty abatements and negotiable payment arrangements. In the absence of an amicable resolution or compromise our firm will assist clients with lodging objections as a last resort.
In a volatile economic environment, entrepreneurs need to be up to date with information about their current business performance.
Our expertise in management accounting is helpful in the preparation of periodic management accounts for use in the appraisal of current businesses performance.
In particular, we help management with periodic budgets, variance analysis, costing, Key Performance Indicators as well as cash flow projections for use in decision making.
As management consultants, our firm provides consultancy services in the areas of strategy, human resources, corporate restructuring, technology, financial engineering and due diligence.