OUR EXPERTISE

image4

  


Accounting & Business Services

  • Preparation of Annual Financial Statements for Small to Medium Sized Enterprises (SME) in compliance with International Financial Reporting Standards (IFRS) as adopted by the Accounting Standards Board of Papua New Guinea (ASB).
  • Special Purpose Financial Statements.
  • Preparation of Management Accounts including monthly/quarterly reporting.
  • Bookkeeping services for SME
  • Personal and Business Finance applications and submissions.
  • Drafting Administrative and Finance Procedures Manuals.
  • Business Valuations
  • Financial and Business Advisory.
  • Preparation of Audit Files for client subject to Annual statutory Audits.
  • Budgeting and forecasting.

Audit & Assurance

 Services cover and/or include

  • Small to Medium sized Enterprises (SME). 
  • Government/Statutory Bodies.
  • Development Partner Funded Projects.
  • Non Governmental Organisations.
  • Charitable & Sporting bodies.
  • Lawyer's Trust account.
  • Internal Audits.
  • Special Investigations.
  • Risk Assessments.
  • Enhancing Financial Processes and Controls.

Company Secretarial Services

  • Incorporating Companies.
  • Registration of Business Names.
  • Assist foreign enterprises to set up business in Papua New Guinea including applying for foreign enterprise certification and/or seek variation of approved activities.
  • Online lodgement for statutory returns and company updated forms for local and foreign entities. 
  • General company secretarial assistance including meeting minutes documentation.

Taxation Services

  • Preparation of Annual Business and Personal Income Tax returns.
  • Monthly Salary and Wages Tax returns preparation.
  • Goods & Services Tax (GST) return.
  • Other statutory returns.
  • General and/or specific Taxation advice.
  • Application for Tax Identification Number (TIN) and other mandatory registration with Internal Revenue Commission (IRC).
  • Remuneration planning.
  • Assist Australian individuals and business set up business in Papua New Guinea including providing taxation guidance.
  • Application for Taxation clearance for remittance of funds offshore.
  • Prepare and submit objections to IRC assessment(s).
  • Seek IRC debt repayment arrangements.
  • Attendance with IRC during audit(s).
  • Liaising with IRC on client matters. accounting