Tax Advisory & Compliance
Professional services relating to direct tax, indirect taxes, transfer pricing and tax compliance.
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Professional accounting • Tax • Audit • Risk
Professional expertise for a changing business environment.
AY Services provides professional consulting services in accounting, tax, audit, assurance and enterprise risk management, with a focus on sound professional practice and compliance within the Tanzanian business environment.
12+ Years
Professional experience
Accounting
Professional services
Tax
Professional tax services
Audit & Assurance
Assurance services
Risk
Enterprise risk assessment
About AY Services
Professional knowledge. Practical understanding.
AY Services is registered to engage in professional consulting including accounting, internal audit and tax services.
At AY Services, we recognise the importance of compliance in helping organisations manage their responsibilities effectively. The firm has a professional background covering tax services, accounting, internal auditing and enterprise risk management, and applies that background to the practical circumstances of each organisation.
Gerald Dennis Masalu, the Managing Director, has over 12 years of working experience across these areas. The firm works from Morogoro and supports organisations operating within the Tanzanian regulatory environment.
- Registered for
- Professional consulting including accounting, internal audit and tax services
- Managing Director
- Gerald Dennis Masalu, over 12 years of working experience in tax services, accounting, internal auditing and enterprise risk management
- Based in
- Morogoro, Tanzania
Our professional approach
How engagements are handled
A consistent way of working across accounting, tax, audit and risk engagements.
01
Understand the context
Work begins with understanding how the organisation operates, which obligations apply to it and what financial information already exists.
02
Agree the scope
The purpose, scope and respective responsibilities of an engagement are agreed before work starts, so expectations are clear on both sides.
03
Apply professional requirements
Work is carried out with reference to the professional and ethical requirements applicable to the service concerned.
04
Report clearly
Findings, and the reasoning behind them, are set out in plain language so that the organisation can act on them.
Our services
Four areas of professional work
Each service is provided on a scope agreed with the organisation, in line with the professional requirements that apply to that type of work.
Accounting Support Services
Professional accounting support to help organisations maintain appropriate financial information and records.
View serviceAudit & Assurance
External and internal audit and assurance services based on the organisation’s requirements and applicable professional standards.
View serviceEnterprise Risk Management
Enterprise risk assessment and related professional support to help organisations identify and understand business risks.
View serviceTax Advisory & Compliance
Professional services relating to direct tax, indirect taxes, transfer pricing and tax compliance.
- Direct taxSupport with income tax and other direct tax matters, including computations, returns and related correspondence.
- Indirect taxesSupport with value added tax and other indirect tax obligations, including registration requirements, returns and supporting records.
- Transfer pricingSupport with the requirements applying to transactions between related parties, including documentation considerations.
- Tax complianceAssistance with meeting filing and payment obligations on time and keeping the records that support them in order.
01
Obligations
Establish which tax obligations apply to the organisation and its transactions.
02
Records
Review the underlying records and documentation available to support them.
03
Review
Examine positions taken, identify differences and consider the treatment.
04
Compliance
Prepare or review what is required and support timely submission.
Accounting Support Services
Professional accounting support to help organisations maintain appropriate financial information and records.
- Accounting supportPractical assistance with day-to-day accounting work, arranged around the organisation’s existing arrangements.
- Financial recordsHelp with keeping records complete, current and supported by appropriate documentation.
- Financial informationPreparation and review of financial information for management use.
- Financial reportingSupport with the preparation of periodic financial reports for the organisation’s own purposes.
01
Records
Source documents and transactions are collected and organised.
02
Processing
Transactions are recorded and reconciled against supporting information.
03
Reporting
Balances are reviewed and periodic reports are prepared.
04
Financial information
Management receives information it can use and support.
Audit & Assurance
External and internal audit and assurance services based on the organisation’s requirements and applicable professional standards.
- External auditAudit work carried out with reference to the standards and requirements applicable to the engagement.
- Internal auditReview of controls, processes and compliance within the organisation, reporting as agreed.
- Assurance engagementsEngagements defined by an agreed scope, with the level of assurance stated clearly in the report.
- Reporting to managementFindings, their basis and any recommendations set out in a form management can act on.
01
Planning
Understand the organisation, agree the scope and identify the areas of focus.
02
Assessment
Consider the control environment and where the risks of misstatement or failure lie.
03
Testing
Carry out procedures and gather evidence appropriate to the scope agreed.
04
Reporting
Report findings, their basis and any recommendations arising.
Enterprise Risk Management
Enterprise risk assessment and related professional support to help organisations identify and understand business risks.
- Risk identificationWorking with management to record the risks that affect operations, finances, compliance and reporting.
- Risk assessmentConsidering the likelihood and potential effect of identified risks so they can be compared.
- Internal controlsReviewing the controls already in place and where gaps appear against the risks recorded.
- MonitoringConsidering how risks and controls are kept under review as circumstances change.
01
Identify
Record the risks affecting the organisation, with input from those who run its operations.
02
Assess
Consider likelihood and potential effect so that risks can be compared consistently.
03
Control
Review existing controls and identify where responses may be needed.
04
Monitor
Keep risks and controls under review as the organisation and its environment change.
Philosophy
Compliance is a lifestyle
“Compliance is a lifestyle that saves non-compliance costs.”
We believe compliance should be part of an organisation’s everyday operations rather than something addressed only when a deadline, review or audit arises.
Appropriate systems, sound financial records, relevant knowledge and timely action can help organisations manage their obligations and reduce the risks associated with non-compliance.
Our values
The standards we work to
These are the values AY Services states as the basis of its professional work.
01
Professional integrity
Work is carried out honestly and objectively, and we are clear about what we can and cannot support.
02
Character
How work is done matters as much as what is delivered, particularly where judgement is involved.
03
Commitment
Engagements are seen through, with attention given to detail, follow-up and agreed timelines.
04
Consistency
The same standard of work and documentation applies to every engagement, whatever its size.
05
Relevant knowledge
Knowledge is kept current with the requirements that apply in the Tanzanian business environment.
06
Experience
Practical experience across tax, accounting, auditing and risk informs the support provided.
Contact
Contact AY Services
For professional enquiries, please contact AY Services using the details below.
Location
2D NHC Building, Plot No. 2, Block DOld Dar-es-Salaam Road
Morogoro, Tanzania