Accounts and Tax Advisory
Accounting Services
Our Accounting services help you keep proper accounting records, proper documentation of your income, expenditures/purchases and procurements, assets, and liabilities. Provide you with a systematic recording, reporting and analysis of accounting and financial transactions. Provide you with instant and accurate information of sales, operating expenses, purchases, debtors, creditors and other balance sheet items.
Advansmart is ready to design and provide solutions to any accounting relating challenges encountered by the institutions. Working with us on accounting services you will enjoy our fresh professional advise that will help you achieve your goals.
We perform Accounting Services detailed below.
Payroll: Involves preparation of monthly Payroll costs including computation of statutory deductions such as PAYE, SDL, WCF, NSSF/PSSSF, HESLB etc.
General Ledgers: Involves monthly reconciliations of all general ledgers and monthly Bank reconciliations.
Management Accounts: Involves preparations of Financial report for board meetings, and securing finances from financial institutions. Financial reports including financial analysis and projections.
IPSAS/IFRS Compliant Financial Statements; Involves preparing Financial Statements (annual/final accounts) in compliance with the International Financial Reporting Standards (IFRS, IFRS for SMEs), International Public Sector Accounting Standards (IPSAS) and Financial Reporting Standards for Micro Entities (FRMEs). This service includes IPSAS/IFRS gap analysis, IFRS/IPSAS compliance checks, Training and capacity building as well as technical support in transition to reporting using IFRS/IPSAS.
Budgeting and Financial Plan; Involves preparations of annual and quarterly budgets for the organization and projects and preparations of financial plans and projections.
Tax Advisory Services
Most of the businesses face challenges in complying with the tax laws and regulations, hence are attracted to tax fines and penalties to tax authorities for non-compliance which creates a financial burden. Noncompliance of tax laws and regulations mainly are a result of inadequate knowledge on tax laws and regulations, improper documentation of business practices, lack of time and expertise to observe due dates for filing returns and payment of taxes. These may result in frequent fines and penalties for non-compliance. Understanding the tax laws and compliance requirements keeps the business operations and transactions away from tax fines penalties.
We have planned to help you and help your business comply with tax laws and regulations by fulfilling obligations on your behalf and giving you tax advice and thus helping to solve the challenges you face.
Advansmart provides tax advisory services on general matters related to interpretation and application of tax legislation and on a specific matter of any aspect of the tax laws.
We have a team of registered tax consultants. Our teams are able to help you structure your business in a tax-efficient manner, both solving the challenge of timely and non-compliance with tax laws.
Our Tax Advisory Services involve but not limited to
Our Services
Contact Us
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Old Dar Es Salaam Road.
Second Floor, NHC building.
P.O. Box 2364 Morogoro, Tanzania -
+255 655 303 091
+255 787 993 355 - info@advansmart.co.tz
Our Brochures
View our 2025 Company prospectus of brochure for an easy to read guide on all of the services offer.
