Classic Consults Uganda

Classic Consults Uganda Classic Consults is a consultancy that handles client's diversities in Accounting, Book Keeping, E- Tax services and general Business Advisory.

23/01/2018

"It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the tax rates."

15/01/2017

Accountants may provide services such as:
 Advice on accounting and internal control systems.
 Analyzing historical and related future capital expenditures.
 Analyzing working capital to understand the impact on cash flows and to assist in
setting working capital targets and preparation of cashflows and budgets.
 Assessing the quality of earnings and cash flow.
 Determining value drivers and key risk areas.
 Financial services and due diligence.
 Identifying asset and liability exposures.
 Identifying internal control weaknesses including observations on systems.
Classic Consults Uganda

A good Tax Preparer is worth his Fee.. Classic Consults Uganda
07/01/2017

A good Tax Preparer is worth his Fee.. Classic Consults Uganda

07/01/2017

Managerial accounting deals with cost-profit-volume relationships, efficiency and productivity, planning and control, pricing decisions, capital budgeting, and similar matters. This information is not generally disseminated outside the company. Whereas the general-purpose financial statements of financial accounting are assumed to meet basic information needs of most external users, managerial accounting provides a wide variety of specialized reports for division managers, department heads, project directors, section supervisors, and other managers- Classic Consults Uganda

08/10/2016

“Whether in budgeting for the groceries, writing cheques, running a blog shop, understanding contracts or knowing your bank statements, the ability to read numbers and make a story out of them makes accounting skills something very valuable. – Classic consults.

For many new Accountants, landing a first job or getting to know the culture of a firm can be a major accomplishment. Bu...
19/09/2016

For many new Accountants, landing a first job or getting to know the culture of a firm can be a major accomplishment. But in today's tight economic times, it is the Accountant's client development skills that will help him or her stand out from the pack and get on the fast track at a firm.
Of course, there are the tried-and-true methods. Network with fellow accountants, join professional organizations, and dress the part if you want to be taken seriously as an up-and-comer. But the Accountant's communication skills – verbal and written – need to be fully developed for successful client relationships. You must listen to the client and determine what they need. The Accountant must communicate the expectations of the services offered and how the results will be quantified. This will lay the groundwork for building a successful, long-term relationship.
"Communication skills are crucial for young accountants and it is something that is a little bit lacking," John Trowbridge, a tax manager at Allen, Gibbs, & Houlik, L.C.

Filing tax returns is an annual activity which must be fulfilled as a moral and social obligation by every citizen of th...
15/08/2016

Filing tax returns is an annual activity which must be fulfilled as a moral and social obligation by every citizen of this nation. This is a means for the government to determine the amount and means of expenditure of the citizens and also provides a platform for the assessee to claim refunds and other forms of relief from taxation as is applicable at that point of time. - Classic Consults Uganda

- Keeping Financial Records Updated. One of the key roles of a bookkeeper is to make sure that company's financial recor...
12/08/2016

- Keeping Financial Records Updated. One of the key roles of a bookkeeper is to make sure that company's financial records are current and up to date and there is a regular reporting system in place. These entail keeping records of every financial transaction of the business and reconcile the accounts to make sure they balance every month..

Recording and number crunching must be done diligently in order to save time and avoid stressful scenarios with, say, yo...
29/06/2016

Recording and number crunching must be done diligently in order to save time and avoid stressful scenarios with, say, your accountant (if you are hiring a different person from the bookkeeper for this role). For their sake and yours, send them an organised set of books to work with. You might end up paying less in taxes and receiving a thorough report sooner than later - Classic Consults Uganda

Maintaining books is essential in analysing facts regarding cash flow. By extension, it helps you evaluate the health of...
28/06/2016

Maintaining books is essential in analysing facts regarding cash flow. By extension, it helps you evaluate the health of your business. The records can eventually help you see if you are doing well in generating cash than using it. So do not underestimate the value of tracking daily transactions - Classic Consults Uganda will help you to ensure stable and efficient business practices with its outsourced Accounting and Book keeping Services.

Proper bookkeeping arms you in making all your financial decisions with clarity and perspective. It is the foundation fo...
12/06/2016

Proper bookkeeping arms you in making all your financial decisions with clarity and perspective. It is the foundation for effective and efficient business accounting. Avoiding bookkeeping can and will eventually end up in unpleasant financial consequences - Classic Consults Uganda

“The only way to get out of the “Rat Race” is to prove your proficiency at both accounting and investing, arguably two o...
17/05/2016

“The only way to get out of the “Rat Race” is to prove your proficiency at both accounting and investing, arguably two of the most difficult subjects to master.”
“I have mentioned before that financial intelligence is a synergy of accounting, investing, marketing and law. Combine those four technical skills and making money with money is easier.” Robert Kiyosaki.

Address

Ntinda
Kampala

Telephone

+256702369908

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