PUBLIC FINANCIAL MANAGEMENT
BWAT’S is a brand under which professionals from different fields sharing a common goal of supporting their clients to create value. BWAT’S is a private limited company registered in Rwanda, offering PFM, audit, tax and business advisory services.
Our overriding purpose is to be and to be seen as your ally strategic to your business or organization. We want to help in creating value for your business. The way we behave, we are structured, and we act, everything is driven by this principle.
This is encompassed in our core values of professionalism, integrity, and customer focus. This is not merely words, but it forms an entire part of company’s culture that shall be seen in action through your business relationship with us. We are recognized as experts in our chosen areas. We take time to understand you, your objectives and goals and the way you want to achieve them to serve you appropriately. Coupled with our values and independence, this professional approach puts us in the right place to advise and guide you to success. BWAT’S believes that every client is unique; therefore, he needs a service tailored to his size and his operations. We provide professional services of highest standards to our esteemed clients including:
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Assurances services are independent professional services that improve the quality of information for decision making. Decision makers seek assurance services to help improve the reliability and relevance of information used is of their decisions.
BWAT’S provide attestation services that fall into the following categories:
1. Audit of historical financial statements
2. Assessment of the effectiveness of internal control over the financial reporting
3. Review of historical financial statements.
BWAT’S provides audit and assurance services including financial, Internal Control Audit services and the review of financial statements. The audits are planned in response of our assessment of the risk of material misstatement on the understanding we are gaining of the entity and its environment, including its internal control. We utilize this understanding of the entity business and of its control environment to design the nature, timing and extent of our audit procedures, while maintaining an objective and independent attitude.
All entities including companies, partnerships, charities and Local or International non-profit organizations, Public institutions as required by law or regulations governing them or for others for various reasons, including agreement with shareholders to fulfil financing requirements may require an audit. BWAT’s provide audit services tailored to the client needs.
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Our tax advisory services as licensed by RRA address the needs and objectives of our clients, enabling them to reduce as much as possible their tax liability. Our team of tax specialists help you assess and anticipate opportunities and threats that may impact on your tax situation. We assist you in all aspects related to tax planning and compliance. So our services include:
Income Tax Compliance involving handling annual income tax compliance and reporting on behalf of our clients and include the following:
- Reviewing annual financial statements for tax issues during the course of the audit;
- Preparing income tax computations;
- Advising on the tax position;
- Preparing and submitting annual tax returns;
- Computing and advising on the annual income tax installment payments;
- Handling Revenue Authority enquiries on clients’ behalf and playing a facilitation and liaison role in the event of revenue audits.
We provide clients with regular updates on changes in tax laws and their impact on business firms, non-business organizations, and individuals.
Tax Health-Checks
These involve reviewing in-house tax operations; PAYE tax, withholding tax, VAT for purposes of ensuring compliance and establishing any possible tax planning opportunities.
Tax Consultancy and Advisory services
This covers a wide range of services including tax consultancy to assist business decision-making and planning, providing answers to specific tax enquiries, preparing industry or company tax position papers. We also evaluate clients’ tax risks exposure and work closely with the client to establish a prudent tax risk management policy.
- Reviewing annual financial statements for tax issues during the course of the audit;
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Getting your employees paid on time and the correct amount is clearly critical to the success of your business. BWAT’S is able to offer truly global payroll services including:
- Processing monthly payroll for your employees
- Ensuring all local withholdings and social security obligations are met.
- In addition to the services outlined above, we also file the withholding taxes and the employer and employee portion of the social security taxes to the local authorities whilst at the same time ensuring that any additional items, such as pension arrangements, are also taken care of.
- Computing pay net salaries to your international employees each month, ensuring that each employee receives a local pay slip each month.
- Our payroll services are an integrated feature of our business support solutions and ensure there are no missed steps because of a lack of communication between separate service providers
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Our Recovery Solutions team has significant experience in all aspects of recovery work dealing with both corporate and personal matters. The team will analyze your threats and weaknesses and explain the options available and those suitable to your needs. Upon instruction the team will act promptly, professionally and effectively. We have developed a large network of business contacts and professional advisers to include bankers, solicitors and accountants. In many instances their professional advice has led to the rescue in whole or in part of ongoing businesses with the protection of employment for members of staff.
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Our advisory team can help you identify the right solutions to meet your financial management requirements. We also offer independent advice and recommendations to help maximize the effectiveness of your IT systems. We can ensure that your organization is using the most appropriate accounting software. If you are frustrated with your existing system, or wish to implement a new or enhanced system, we can give you objective advice on the best choices.
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Company secretarial work is a highly legalistic area that becomes ever more complex and time-consuming as the company grows. Moreover, failure to comply fully can lead to companies being struck off and even to the prosecution of directors.
Delegating this complex work to our expert team lets you concentrate on your core business, secure in the knowledge that you are compliant. Depending on your specific needs, we can take care of the whole job or just the more complex procedures. We keep up-to-date with developments through regular contact with Rwanda general registrar and our membership of professional group. As a team, we are familiar with a wide range of industry sectors and services, understanding the specific needs of our clients
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BWAT’S offers a comprehensive range of support services including the company formation, company review services, filing of statutory forms with the authorities, legal research, and employment law advisory services, corporate secretarial, registration of licenses and trademarks, legal assistance, compliance and other regulatory services as may be required.