Consultancy
Our business advisory department assists organizations to transform, grow and conduct business with maximum efficiency. Our team has acquired a wealth of experience and an in-depth understanding of the Tanzanian business environment, and as such, is able to deliver sound support to business units of all sizes.
Our Consultancy services have been designed to support our clients during the entire life cycle of their projects here in Tanzania. We advise our clients while setting up new businesses in Tanzania, during the project operations as well as in company restructuring or closure. Our Consultancy services are therefore categorized in the following areas: Business Facilitation Services, Tax Advisory Services and Business Structuring and Restructuring services. Details of the specific types of services under each category are indicated in the following sections.
Business Facilitation Services
- Entity Registration with the Business Registration and Licensing Agency (BRELA)
- Entity Registration with the Tanzania Revenue Authority (for Taxpayer Identification Number,Value Added Tax, EPZ registration and TIC registration)
- Processing of Business Licenses (general and sectoral licenses such as Industrial Licenses, Mining licenses, TMDA, TCRA & LATRA)
- Processing of EPZ Licenses with the Export processing Zones Authority (EPZA)
- Processing of TIC Certificate of Incentives with the Tanzania Investment Centre (TIC)
- Processing of Strategic Investment Status with the Tanzania investment Centre (TIC)
- Registration and Compliance with various authorities as required by laws and regulations of the country including: NSSF, WCF, NEMC , OSHA and FIRE
- Processing of Work and Residence Permits
- Undertaking various Company Secretarial Services such as preparing of annual returns, share transfers and liquation of the company
- Foreign Loan Registration with the Bank of Tanzania
- Mortgage Registration with Ministry of Land
- Tailored services as requested by Clients
Tax Advisory
- Processing of VAT refunds
- Tax Advisory Services on a retainer basis or on adhoc basis
- VAT registration and implementation
- Excise tax registration and implementation
- VAT returns filing
- Tax Audit services
Business Structuring and Restructuring
- Advisory on best manner to establish an entity in Tanzania
- Mergers with other entities
- Take over of entities or business units
Statutory Audit & Assurance Service
External Audit Services provided by LILAC goes beyond ensuring compliance with regulatory requirements. It offers our clients with greater insight on how their businesses are functioning and where improvements could be made to help the businesses to continuously grow and prosper.
Our Statutory Audit and Assurance Service is aimed at different types of organisations that are subjected to statutory compliance or are governed by regulations of various professional bodies. We guarantee independent assessment, examination, and analysis that ensures that our clients remain compliant with regulations.
At LILAC we combine deep sector specialization, experience and knowledge in Accounting and Auditing Standards to carry out the audit process and to deliver in-depth and timely Audit Reports to our clients
Our Auditing Methodology has been designed to ensure that the following procedures are adequately performed:
- Planning and designing of the audit approach
- Testing of controls and substantive testing of transactions
- Analytical procedures and detailed testing of financial balances
- Preparation and issuance of audit findings and audit report
- Continuous communication with the client during the different stages of the audit
Accounting
LILAC is dedicated to proving the best accounting services in the region to both local companies and multinationals. Backed by our in-house team of qualified and experienced chartered accountants and accounting professionals, all our services are tailored as per your company goals and requirements. Whether a small startup or multi-millionaire business firm, our team is fully prepared to undertake accounting duties on behalf of all clients. Our services include:
Posting of accounting transactions in an accounting software
Carrying out reconciliations of ledger accounts against bank statements, customers’ statements and suppliers’ statements
Preparation of management reports
Preparation of financial statements compliant with International Financial Reporting Standards (IFRS)
Providing technical support to entities’ accounting function
Training
Our training department provides training in various areas of business and financial management to make immediate and effective impact on entites’ performance. Our courses are carefully selected to meet our clients’ need for capacity building and manpower development.
We welcome you to contact us for the date and venue of the below courses. We also welcome you to contact us for a joint design of tailor made courses for your staff.
| Course |
Duration |
| Internal Audit Methodology for Beginners |
5 Days |
| Basic Statutory Compliance for CEOs of SMEs |
1 Day |
| Taxation Compliance for SMEs |
2 Days |
| Advanced Microsoft Excel for Accountants and Auditors |
5 Days |
| Women in Leadership: Become a Successful Leader in your organization |
5 Days |
| Women in Leadership: Become a Successful Business Owner |
5 Days |
| ORACLE Database Security |
5 Days |
| Enterprise Risk Management – Practical Approach |
5 Days |
| Contemporary Issues in Public Sector Accounting (IPSAS) |
6 Days |
| Advanced Selling Skills and Business Development Strategies |
3 Days |
| Advanced Skills Training: Work Ethics Etiquette |
2 Days |
