Anrank & Co.
P.O.Box 12283, Makanga House, Nalukolongo
+256 782 341885
anrank.cpa@gmail.com
All businesses face increasingly harsh regulatory compliance requirements. This coupled with increasing fraud means that organizations must constantly re-evaluate their risk management procedures including anticipating risks, assessing the effectiveness of internal controls to respond to such risks, and identifying weaknesses on a timely basis.
With guidance from Anrank & Co Ltd, your approach to risk management can be much more than a preventative measure—it can be a strategic driver. We help you cover manage risks and compliance through our integrated risk dvisory services to ensure a runtime business environment.
At Anrank, we commit to understanding your company, your culture, your processes and your priorities.
We employ exceptional talent, use our international and national reach to provide innovative solutions, and we are committed to quality.
Our understanding of your business, coupled with our global experience and industry-specific knowledge, enables us to develop and advise on unique risk solutions that generate opportunity, add long-term value and empower you to move forward with confidence.
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.
