What you need to know:
Impact. The move will help grow the economy according to the minister.
Kampala. Finance Minister Matia Kasaija has urged accountants to help entrepreneurs grow their businesses as well as teach them about tax compliance.
“Accountants can greatly contribute to the economy of Uganda by way of making clients tax compliant and assisting them in managing their business better,” he said.
Mr Kasaija was speaking at a client appreciation dinner organised by accounting firm Grant Thorton held in Kampala last week.
He said banks, Uganda Revenue Authority, investors and government are all relying on professional work by independent organisations such as Grant Thornton to grow the economy.
“In fact, it is organisations such as these who can help you to grow your businesses,” Kasaijja said.
The minister also challenged businesses to employ professional accountants to put their books in order. “As business men and businesswomen, you are obliged to take their advice seriously, whether it is via audit report, tax and compliance matters or any other business advice,” he said.
The managing partner Grant Thornton, Mr Anil Patel, commended clients for helping the firm grow. “Thank you to our dear clients and various stakeholders, for your continued support and trust over the years. It is you who have built our confidence to continue growing from strength to strength,” he said.
The firm also announced plans to support communities as part their responsibility by creating 25 corporate social responsibility champions from their workforce of more than 100 people who will ensure that they give back to communities in which they operate in.
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Grant Thornton Uganda is part of a global group of independent assurance, tax and advisory firms operating in 120 countries with more than38,500 employees.