Accounting
This service is targetted at those businesses that do not have their own accounting and payroll staff. This lack of an accounting department may lead to incomplete data entry, poor inventory controls, poor payroll management, tax liabilities due to late filing, amongst other problems. Our clients gain by taking advantage of Destreza’s local and international expertise, with our teams of accountants who are able to provide expert knowledge on a vast range of country-specific IAS & GAAP issues. Destreza provides additional value as follows:
- Professional accounting and consulting services
- Updated and current information to the management for timely decision making
- Provide tax and related services
- Other services include but are not limited to the following:
- Accounting and bookkeeping
- Consolidation of Accounts (in accordance with corporate policies or different accounting standards)
- Financial forecasting
- Budgeting
- Financial statement transformation
- Financial reporting
- Filing of returns, i.e. PAYE, VAT, I/T 1, 2 etc
Tax
Under the law, all companies, whether profitable or not, are required to make regular tax returns covering various forms of tax, be it the Corporate tax, VAT, Income tax or other taxes. We offer a range of fully integrated tax services in a wide range of industries. Our approach is measured to enable the client to minimize risk on tax matters be it the Direct or Indirect tax. Destreza will advise on prudent management and compliance systems to control client risk and inherent liability.
Our tax and compliance services cover:
- Monthly / Quarterly /Annual Tax Calculation and Filing
- Corporate and Personal Tax Planning
- Corporate Tax Filings
- Personal Tax Filings
- Annual Tax Compliance
- VAT Compliance and Planning
- Assistance with Closure Audit, Tax Clearance, and De-registrations
- Specialist Tax Advice
- Price Transfer issues
Consulting
Destreza can provide advice on:
- Information Systems enhancements
- Strategy & operations
- ERP Solutions
We are focused on enabling the client to manage their business in a dynamic business operating environment, fraught with attendant risks.
We engage with the client to help the business model draw and achieve both the short – and long-term value addition services, by providing support tools that best capture the client – unique business systems
Information Technology enhancements
We help clients solve business challenges by employing a combination of software, efficient processes and in-depth experience and skill set. The primary objective is to enable the client to maximize on all tools of the trade at its disposal, from human capital to machine capital investments.
Technology integration
Our Technology Integration team helps the information technology department (IT) solve business challenges through the application of technology, in the following areas:
- Business integration and optimization
- Information management
- Technology advisory
Strategy & Operation
A Successful business requires a unique set of creative ideas and structured application systems and processes. Our strategy team partners with the client to grow client business performance, using the selected strategy and other tools to achieve the client business plan. Our services include:
- Corporate strategy
- Customer and market strategy
- Financial management
- Performance improvement
- Technology advisory
ERP and Financial Systems Advisory
Destreza can assist organizations to implement an effective Enterprise Resource Planning (ERP) solution, with the resultant improvement in operations and increased efficiency. ERP systems also assist in giving management a quick glance at the state of the entire operations of an organization.
Destreza can assist in short listing suitable systems vendors or in the implementation process if a system has already been selected. Our combination of IT, Management & Accounting expertise and IT provide us with the unique ability to make a cost-effective and scalable solution for our clients.
Audit
We provide clients with risk-based professional advice on their controls and accounting systems. We seek to understand the client business, industry and the challenges they face, and use these experiences to provide tailor-made advice. Our audit teams are qualified professionals, possessing both local and international qualifications. They are familiar with IFRS reporting as well as the GAAP standards applicable in the country and have experience gained in the Big 4 firms. Our computerized audit approach and investment in technology enables us to deliver seamless accounting and auditing services
Our main service offerings include:
- Statutory & international audits
- Internal and Management Audits
- Fraud Prevention Implementation
- Special Purpose Review
- Review of accounting systems and internal controls
- Accounting consultation
- Training
- Financial due diligence
- Audit committee services
- Inventory Observation and Annual Stock Taking
- Regulatory consulting services
Forensic services
Our forensic services professionals are geared towards one goal i.e. help the client to appreciate their business environment and draw client – specific mitigating solutions.
Internal Audit services
Destreza can assist you to outsource your internal audit function or provide you with a review and report on any financial, operational or systems area. We can also assist in setting up your InternalAudit function in areas such as:
- Developing your Internal Audit Charter
- Undertaking an assessment of audit needs
- Generating internal audit strategy
Our internal audit service will assist your organization to:
- Perform value for money assessments
- Benchmark a review area against industry best practice
- Provide assurance to the board on the risk levels pre-existing in your organization and possible mitigation measures
Destreza’s internal audit is guided by The Institute of Internal Auditors’ (IIA) International Standards for the Professional Practice of Internal Auditing
We also perform:
- Assessments on Fraud Risk
- Enterprise Risk Management (ERM)
- Business Continuity Management (BCM)
- Enterprise Resource Planning (ERP) Effectiveness
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Enterprise risk services
Destreza is engaged in helping the client manage risk, throughout the business. We provide a wide range of services that enable the client to manage risk and control and to improve on the reliability of systems and processes, throughout the client business.
We prefer to focus the client business at all levels of the organization to be proactive to risk.
Our main services offerings include:
- Controls assurance
- Internal audit
- IT security services
- Revenue assurance
- Forensics
- Corporate governance
- Audit committee services
Governance, Risk & Compliance
GRC solutions help organizations to manage, consolidate and automate processes. GRC is often not well understood, but a basic explanation is as follows:
Governance to an approach to management of a company’s assets.
Risk refers to the probability that an undesired outcome would occur
Compliance involves ensuring regulatory guidelines are adhered to by an organization. The regulator could be a government body, other professional services body or a third party with set guidelines. Other than tax compliance, organizations may need to adhere to various regulations such as government quotas on procurement requirements, staffing quotas on gender, qualifications e.tc., quotas on imports and a host of other guidelines.
Destreza would ensure that GRC is understood, applied and continuously monitored for your business.
Procurement
We enable acquisition of goods, services or works from an outside external source. We believe that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location
Our strategy includes:
- Purchase planning
- Standards determination,
- Specifications development
- Supplier research and selection,
- Value analysis,
- Financing
- Price negotiation,
- Making the purchase,
- Supply contract administration,
- Inventory control and stores, and
- Disposals and other related functions.
Our procurement solutions can help you reach your business goals by solidifying your supply base, creating sustainability in your supply chain and improving your bottom line through cost reduction.
Our procurement services provide our customers with:
- A faster path to obtain savings
- Access to data including contracts costs, terms & conditions
- Market research and real-time market intelligence from other procurement groups
- Subject matter expertise
- Best practices in procurement
- Additional resources to supplement your existing staff
- A knowledge transfer path including the use of free sourcing tools
Financial Advisory
We provide strategic and financial advisory services to the client to enable the client business to grow in value, with a clear focus on the various risks and opportunities that impact on the client. Some services include:
Re-organization / Re-engineering services
Companies that face ‘hard’ economic periods need to institute measures to cut down or eliminate losses, preserve assets, and if business conditions permit, engage in a recovery program. Our team can assist in the following areas:
- Workouts and company restructuring
- Policy and strategy
- Recruitment & training of a Finance team.
- Other services include:
- Financial statement transformation
- Financial reporting
- Accounting consultation
- Training of the Accounting & Finance teams
Company Secretary
Destreza has personnel certified under the ICPSK to ensure that the quality of service given meets the standards set
The Company Secretary (as per cap 486 of the Companies Act ) is tasked with maintaining the statutory records of a company which includes the Register of members, directors, and secretaries, any documents securing borrowings by the Company including mortgages, charges, and documents related thereto registered against the Company.
The Secretary maintains records of directors interests in the Company and minutes the shareholders’ meetings and records of resolutions passed during such meetings and acts as the custodians of the common seal of a company. Other tasks include:
- Guide the subscribers through the requirements of Incorporation of a Company by facilitating the preparation of the necessary paperwork and obtaining the certificate of Incorporation
- Guide the Board of Directors on the technical application of the Companies Act (Cap 486), application of the Memorandum and articles of association
- Attending board meetings
- Incorporating Company; reserving and searching the availability of the preferred name, preparing the memorandum and articles of association and obtaining the certificate of incorporation
- Maintain company resolutions; drafting and filing with the registrar of companies; Board and AGM resolutions
- Preparation & Filing of statutory returns such as the company’s annual return
- Notify the Registrar of Companies each time the location of the company’s registered office changes or each time there are changes among the directors, secretaries or in their particulars.
- Maintenance of the Company Share register; Companies are required to maintain updated share register/s with updated details of all shareholders and their shareholding.
Every risk comes with an opportunity and in order to stay ahead of the competition, leading organizations make a careful assessment of their risk portfolio. Whether you’re thinking of a new business acquisition, expansion into other markets, a plant expansion, change of business strategy, or, are experiencing, changes in regulatory requirements, a data breach, or fraud occurrence, we have the expertise to see you through to success.
We take our time to understand your business and the challenges and issues that you are facing. Our consultation and advisory team employ both global and local knowledge to help you challenge conventions and introduce and deliver working strategies custom tailored to your business needs.
In a fast-changing business and regulatory environment, the right guidance is vital now more than ever. We will help you navigate through regulatory complexities and strengthen trust and transparency In your business. Our team of professionals has garnered a deep understanding of the industry to help clients strengthen the value of their business and boost investor confidence.
As tax planning becomes more controversial and tax codes increasingly complex, We help clients across the nation to navigate through the system. Our clients engage us for our strong combination of understanding of their business and economic environments. Our team of experts is well vast in tax knowledge across multiple jurisdictions.