Accounting & Tax
Payroll
Payroll administration requires continuous monitoring and attention which ties up valuable resources in your business. And you need to keep track of frequent changes in legislation, failing which, you could face hefty fines for seemingly innocent errors.
By handing over your payroll administration to us, you can free yourself from unnecessary headaches and get on with running your business. UHY & Co’s highly responsive and reliable team has the experience to provide you with a comprehensive payroll administration service, including:
- Processing and payment of employee emoluments
- Payslip production
- Preparation of statement of emoluments
- Electronic submission of payroll returns to Government departments
- Electronic payment of statutory payroll dues to relevant Authorities
We use up-to-date software to process payroll information and can guarantee a speedy and error-free payroll service. We also make ourselves available to answer any enquiries during PAYE and other payroll-related audits conducted by Government Authorities.
Accounting
Maintaining proper accounting records and preparing accounts is a necessity for all businesses to comply with tax legislation and the Companies Act 2001. We can assist you with both.
We regard preparation of the accounts of your business not merely as a compliance exercise but as a process which provides you with meaningful insight into the performance of your business so that you can manage it better. We take time to advise you on the suitability of your accounting system in meeting your information requirements and can recommend the use of appropriate accounting software to suit the size and nature of your business.
We can also train and supervise a member of your staff to carry out the accounting functions and intervene on a regular basis, depending on your requirements, to review his work and provide you with comfort as to the reliability of your management accounts.
We stay in touch with you and your business, through our regular interventions. This proximity enables us to highlight to you important business issues and to make useful recommendations on possible improvements to your business.
Bookkeeping
Our bookkeeping services include:
- Recording and reconciling all bank, cash and credit card transactions on a monthly basis
- Preparing your monthly or quarterly VAT returns
- Providing you with aged analyses of your receivables and payables
- Providing monthly or quarterly management accounts
- Preparing your annual accounts
Taxation
As experienced tax advisers, we make it easy for our clients to understand the intricacies of Mauritian tax legislation and the impact of tax rules and regulations on their business activities and assist them in complying with their tax obligations.
But compliance, though important, is only part of the game. We also advise our clients on innovative fiscal planning opportunities which may help them make significant tax savings.
We offer tax services to sole proprietorships, partnerships, sociétés, successions and limited companies in the following areas:
Income Tax
- Preparation and submission of Income Tax computations and returns by the due dates
- Dealing with correspondence from tax authorities and holding meetings with their officials to deal with their enquiries
- Negotiations with authorities to finalise tax assessments
- Appealing against unfair tax assessments and representing clients during tax hearings
- Tax planning
Value Added Tax
- Registration / de-registration of businesses
- Design and setting up of accounting records and documents compliant with VAT legislation
- Assisting in the preparation and submission of VAT returns by the due dates
- Training of client staff to attend to VAT matters
- Advising on compliance issues
- Attending to enquiries from authorities
- Assisting in appeal procedures and attending tribunal hearings
Our accounting and taxation experts can free you from a wide range of accounting tasks and help you minimise your tax liabilities while enabling you to concentrate on what you do best.