Anrank & Co.
P.O.Box 12283, Makanga House, Nalukolongo
+256 782 341885
anrank.cpa@gmail.com
Anrank & Co is an established provider of company valuation services in Uganda. Company valuation is impacted by a multitude of factors such as the subject company’s industry, its stage of development and the source of the invested capital. Additionally, the variety of purposes for which business valuations are performed, the influence of local jurisdictional rules and available valuation methods further increase the complexity of business valuation.
It is this complexity that inspires us at Anrank to assemble an experienced team of experts to enable you carry out company assets valuation in general.
In delivering company valuation services, our experts place the utmost time and effort on thoroughly analyzing and examining every aspect of the assignment before reaching to the estimate of value, for the client to base such strategic decisions on sound criteria.
We tailor the scope of our company valuations to our client’s specific needs and the purpose of the engagement. Our valuation processes are proven, consistent and collaborative, with each member of the team bringing unique insight and vast experience to the table.
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.
