Our Services

Our Audit and Assurance Service is valued not only for its compliance with professional standards but also for its relevance to clients’ business and the insight it provides to management.

LUMBIKA Tanzania approach places particular emphasis on the control of business risk and change, considering business processes and their relevant accounting systems and computer environments. Audits are undertaken with precise service
commitments in mind.

Under this external Audit and Assurance services we offer the following services:

• Statutory audits and review of annual financial statements of companies
• Audit for NGO,s
• Governments Audit
• Special-purpose audits
• Regulatory reports etc.

LUMBIKA Tanzania offer customized solutions to improve the quality and efficiency of an organization’s Internal control. Our services range from offering a complete package of Internal Audit services by way of outsourcing; to performing specific audit reviews based on the needs and requirements of our clients. We also provide advisory service to the internal audit functions including Internal Audit committees.

Our service under this category includes;

• Evaluation of Internal control system for its design and effectiveness.
• Checking for compliance with applicable laws and regulations.
• Preparations of procedure manuals
• Checking of effectiveness and efficiency of operations
• Reliability of Financial Reporting

LUMBIKA Tanzania has specialist tax advisers who can guide you safely through the complexity of national and international tax regulations. Difference services are offered by Lumbika Tanzania under Tax and Legal Services.

The services offered in Tax compliance services include the following:

• Assist with preparation for Tax Audit.
• Support on various tax matters arising from unique transactions of an entity.
• Business Tax Health Checks for purpose of advising on compliance and Tax
  planning.
• Acting as Tax Agents for submission of tax Returns, as well as attending routine queries from tax authorities.
• Registration with tax authorities and assisting in dealing with income tax, Value Added Tax (VAT), and Pay As You Earn audits and investigation.
• VAT Audits and facilitations of refund where applicable.
• Tax seminars and client updates.
• Tax compliance solutions.
• Transfer pricing.

Represent client to TRA on any tax dispute or objection that may arise due to erroneous assessments. Prepare appeals on behalf of client and file to Tax Revenue Appeals Board or Tribunal as the case may be. Represent the client to the Tax Revenue Appeals Board or Tribunal as the case may be. Undertake any other further steps as per instructions of the client.

Tax planning to both local and foreign investors. Advice on tax saving opportunities. Tax implication on client’s statutory accounts. Tax implication on any business transaction e.g. acquisition/disposal of business, joint venture, mergers, and partnership. Work out tax refund claims and recommend repayment by TRA. Conduct research on all matters related to the field of taxation and fiscal policy.

Under this category, we offer the following services;

• Preparation of financial statements according to International Financial Reporting Standard and/or Other required standards.
• Assistance in the preparation of Management Accounts
• Book keeping services
• Training and support to accounting staff

This is where we undertake the management of client’s payroll by ensuring that payroll accounting is done timely and accurately to meet both the client’s needs and the regulatory compliance requirement to the income Tax Act.

The comfort and long life of your business is our primary concern. LUMBIKA Tanzania works with the business that are looking for sustainable and continuous growth. We use a well-structured strategic approach in the diagnosis of organizational problems facing our clients. LUMBIKA Tanzania is committed to offering innovative and creative solutions to our clients.

E-Seven is an online accounting and bookkeeping software for small and medium
businesses. It helps you to keep track of all happenings allied to the business. This software implements clear and direct accounting requirements; it is thus a very strong and quick Online Accounting Software. It is accessible online, everywhere with an Internet connection and at any moment.