Universe Auditors and Tax Consultants registered by National Board of Accountants and Auditors (NBAA) with Registration Number PF 392, and a certificate of practice was issued to Managing Partner.
1-Audit and assurance
We see our annual audits and assurance engagements as an opportunity to provide you with far more than statutory compliance. We deal with clients from a range of business sectors, of varying size and complexity, and we draw on that experience to provide you with sound commercial advice.
A range of audit and assurance services
We are able to assist you with a full range of audit and assurance services, including:
• Financial statement audit
• Regulatory reports
• IFRS and IPSAS reporting
• Financial accounting
• Independent controls and systems process assurance
• Internal audit
• Assistance on capital market transactions
• Grant audits
Tax advice and planning are of global business importance, ensuring that tax burden is no higher than it should be. The range of services provided includes:
-Advising on tax planning, both at national and international levels
-To prepare and file a provisional return based on estimates provided by the client not later than three months after the commencement of the year of income to which such return relates.
-To remind you immediately before the due date for payment of the second and subsequent installments of the provisional assessment to ascertain whether or not an amended provisional return should be filed. If necessary, we shall complete the amended provisional return of income and submit it to the Tanzania Revenue Authority (TRA).
-When the financial statements are finally signed, we shall submit the return together with the accompanying documents to the Tanzania Revenue Authority and follow-up until the final assessment has been issued.
-If the financial statements are likely not to be signed within six months after the accounting date and upon advice form you, to apply to the Commissioner For Income Tax for extension of the period in which to file the final return of income.
-Attending to routine queries from tax authorities.
To bring to your attention of any tax non-compliance issues that Universe Auditors and Tax Consultants may identify and advise you accordingly
Business advisory and accounting
You want to get on with running your business, but bureaucracy and administration take up a lot of time; issuing invoices, chasing settlements, checking on your bank balances and all those other tasks. And whether your business has an accounts department, or just a part-time bookkeeper, those people need to be managed, trained, supported with software packages and paid. All of this takes up your time, money and energy.
We can provide you with:
• outsourced bookkeeping – from basic records to trial balance
• management accounting – regular tailored reports for your effective decision making
• payroll administration – calculation, payment and compliance
• VAT compliance – returns prepared and submitted
• company secretarial – fulfil your statutory requirements
• IT – systems review and advice
If you would like to discuss the above services we can provide for your business in more detail, please contact us.
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