AGN INTERNATIONAL West Asia & Africa

AGN INTERNATIONAL

Asia/Pacific

Central & South America

Europe

North America

West Asia & Africa

RELATED INFO:

Regional News Meetings Firms' Offices Publications

VA BUSINESS ASSURANCE SERVICES

March 2009

Our member firm in Tanzania announces several developments since the start of 2009;

New Clients
During the year ended 31 December 2008, VA Business Assurance Services continue to record growth by wining the following clients:

WEDAC Limited (Auditing);
Universal Africa Logistics Limited (Payroll);
Duluti Secondary School (Auditing);
Olasiti Lodge Limited (Auditing);
Tanzanite Jet Centre Limited (Payroll);
TRIAS Belgium (HR Consultancy); and
Lutheran Mission Cooperation (Auditing).

New line of business
During the year we introduced payroll services as our third line of business. A payroll service is not a common service in our environment but it is very potential since it assures the firm with regular monthly revenue though in small amount. This new line contributed 6% of our total turnover for 2008.

Capacity building
In order to strengthen payroll service line, the firm recruited Ms Florence Martin, a holder of Bachelor of Commerce in Accounting to head the Tax Section. This Section shall include Payroll Services, Tax Consulting Services and Book keeping bureau. Also Mr Nico Mmari holder of Bachelor of Arts in Accounting is expected to join Auditing section from February 2009. With this two new recruitments and the existing manpower, we can serve the existing clients using only 50% of available man-hours, meaning we have 50% available man-hours for new clients.

Consultancy Services
Effectively from 1st December 2008, VA Business Assurance Services abandoned provision of non- audit and accounting services. Instead, these services will be offered by new incorporated consulting company – Apex Business Consulting Limited a company owned by four shareholders from different profession – Accounting, Economist, Professional Valuer and a Lawyer. This was done purposely to solve independence issues. The new incorporated company offers the following services:

Developing Accounting Policies and Procedures Manual;
Property, Plant and Equipment Valuation Services;
Human Resources Consulting;
Incorporation of companies;
Provision of registered office and company secretarial services;
Writing funding proposals;
Developing Business Strategic Plan;
Project Evaluatio

VA BUSINESS ASSURANCE SERVICES
Contact Partner: Vincent Augustino

Al Mezan Bureau
5th floor, Blue Plaza
India Street
Arusha

Phone: (+255 27) 254 4020
FAX: (+255 27) 254 4020

E-Mail: vabusiness@habari.co.tz

Regional News

DISCLAIMER: All rights reserved. No part of this publication may be reproduced, stored in a retrievable system, be re-sold in any other form of binding or cover or transmitted in any form or by any means, electronic, mechanical, digital, photocopying, recording or otherwise without the prior permission of AGN International Ltd.
The information in this newsletter has been compiled by way of general guidance in relation to the specific subjects addressed, but is not a substitute and not to be relied on for legal, accounting, tax or other professional advice on specific circumstances and in specific locations. So far as the authors and publishers are aware, the information given is correct and up to date.
Practice, laws and regulations all change, and the reader should obtain up to date professional advice on any such issues. The authors and publisher disclaim, as far as the law allows, any liability arising directly or indirectly from the use, or misuse, of the information contained in this newsletter.