At Akonu & Partners, we don’t just focus on crunching your numbers right before tax season and then moving on. Not us.
We take a holistic approach to your finances to make sure that your details are not only taken care of, but also that your higher level business goals are taken into consideration too.
Here Are Some Examples…
Get rid of any and all overwhelm you might be feeling about keeping your books organized and compliant. Once we understand the ins and outs of your business, we’ll use our unique Cloud-based accounting system to keep everything automated and in one centralized location. And while all this is happening, you’ll be freed up to focus on what matters most to growing your business.
When it comes to audits, our goal is always to give you total confidence that your business has nothing to worry about. We know that audits can be one of the most stressful and frustrating experiences for any business owner, but it doesn’t have to be that way. We’ll make sure that everything is in place for a smooth, stress-free audit. Oh, and our suggestions could also help you keep
more of your hard-earned cash.
Tax laws change so frequently and significantly that trying to keep track can make an already mind-numbing process even more confusing. That’s where we come in. We’ll lead from the front so you avoid your business from being surprised with huge back taxes, interest at compounding rates, penalties, prosecution AND keep more money in your pocket—all without having to worry about whether you’re actually up to date with the latest version of
the obscure tax laws.
Government agencies such as the Ghana Revenue Authority, Office of the Registrar of Companies and the Registrar General’s Department digitized their operations as part of the government’s digitisation agenda. These systems are new and come with their own challenges. Fortunately, we’ve dealt with these difficulties and can assist you in managing your portals seamlessly without breaking a sweat. When we handle your portal, you’ll enjoy the full benefits of the systems and have a bird’s-eye view of your affairs in one place. This will ensure you always meet your compliance timelines (like filing annual returns) while also getting compliance requests instantly (such as the electronic tax clearance certificate).
No two businesses are the same, and because of that fact, every single one deserves a
personalized level of attention. Here at Akonu & Partners, we go the extra mile to make sure you
receive the care that you deserve.
Whether you’re a local or expatriate providing a service, or you want your books to be statutory
audited, we’ll get to know your unique needs and prepare customized solutions.
Depending on the type of business you own, get more information below about how we
can specifically help you maximize your finances:
We serve a whole host of service-based businesses– including lawyers, engineers, logistics and freight forwarders, software development companies, and so much more. So if you’re a local based business owner who wants more control over your finances and taxes, see how we can help you below.
If you live in Ghana as an expatriate and own a business here, we know it can be stressful to navigate the Ghanaian tax laws—but it doesn’t have to be. Let us help you out with all the local laws and regulations. This way, you don’t have to constantly worry about whether you’re compliant and can instead focus on growing the business.
If you’re in business and you want your financial statements audited in accordance with the applicable reporting framework, we’ll use modern cloud technology to gain insight into your business and communicate smoothly. This way, we can offer constructive recommendations for business improvement.
Tax laws in Ghana can be complex and are regularly updated. As a business or individual taxpayer, it is crucial to remain compliant with the tax legislations to avoid interest, penalties on late payment of taxes and returns. Our firm provides comprehensive tax compliance and advisory services that include:
By working with us, you gain peace of mind knowing your tax matters are in expert hands, allowing you to focus on growing your business.
Our firm offers comprehensive tax compliance and advisory services tailored to meet the unique needs of businesses operating in Ghana. We ensure that your business remains fully compliant with Ghana Revenue Authority (GRA) regulations, while helping you make strategic tax decisions that support growth and reduce liabilities. Our services include:
Q: When should my business register for VAT in Ghana, and how do you support this process?
A: If your business’s taxable supplies exceed GHS 200,000 within 12 months, you’re required to register for VAT. We handle the full registration process with the GRA, assist with monthly VAT computations, prepare accurate returns, and file them on time to maintain compliance.
Q: How can your firm help with PAYE and payroll tax compliance?
A: We manage the full payroll process—calculating employee taxes, ensuring correct PAYE deductions, generating payslips, and filing monthly payroll returns. We also ensure contributions to SSNIT and other statutory deductions are submitted as required by law.
Q: What is Withholding Tax, and how do I know when to apply it?
A: Withholding Tax is a portion of payments (like rent, services, or dividends) that must be withheld and paid to the GRA. We guide you on when and how to apply withholding tax, ensure proper rates are used, and assist with filing and issuing credit certificates to vendors.
Q: Is my business required to prepare transfer pricing documentation?
A: If your company has transactions with related parties (locally or internationally), you’re required to prepare and file Transfer Pricing documentation. We help you comply with both GRA and OECD requirements by preparing master files, local files, and transfer pricing returns.
Q: What happens during a GRA tax audit, and how do you help?
A: A GRA audit reviews your records to ensure tax compliance. We support you throughout the process—reviewing your records, preparing documentation, attending audit meetings, and resolving any issues with the GRA to ensure minimal disruption to your business.
Q: How does strategic tax planning benefit my business?
A: Strategic tax planning involves legally minimizing your tax liability while ensuring full compliance. We analyze your business structure, income streams, and expenses to recommend tax-saving opportunities and ensure your operations are aligned with your long-term goals.
Q: What is a tax health check, and why is it important?
A: A tax health check is a comprehensive review of your tax compliance status. We assess your past filings, documentation, and payment history to identify risks or gaps that could trigger audits or penalties—then help you correct issues before they become costly problems.
Common taxes include Corporate Income Tax (CIT), Value Added Tax (VAT) and other levies, Pay-As-You-Earn (PAYE), Withholding Tax, and Growth and Sustainability Levy, depending on your business structure and industry. We assess your obligations and manage the filing process accordingly.
We manage all aspects of tax compliance—preparing and filing returns, guidance in ensuring the meeting of timelines for filing of returns, sanitizing you tax portal, helping to maintain proper documentation, and bringing you up to date with changes in tax laws. We also provide proactive advice to avoid issues before they arise.
Penalties may include interest on unpaid taxes, fines, garnishee of bank accounts, closure of business premises and in some cases, legal action. GRA imposes strict consequences for late or inaccurate filings. Our services ensure timely compliance to avoid these issues.
Yes, we offer tailored tax planning strategies that help minimize your tax burden legally and efficiently, based on your business goals and operations.
Absolutely. We provide full support during GRA audits, including supporting in document preparation, representation, and resolution to ensure the process runs smoothly.
Transfer Pricing Returns: Annually
We monitor your due dates and handle filings on your behalf.
Key documents include financial statements, payroll records, VAT invoices, expense receipts, and prior tax filings. We help you organize and prepare the necessary documentation.
While tax preparation focuses on filing your returns, our advisory service offers strategic guidance to optimize your tax position, manage risks, and plan for long-term growth.
Yes. We advise on transfer pricing documentation, compliance with OECD guidelines, and other cross-border tax matters to ensure global tax efficiency and compliance.
Working with Akonu and Partners has been a rewarding experience. Their dedication to service delivery and commitment to solving business challenges truly sets them apart. That sense of urgency and professionalism is the X factor that distinguishes them from others in the field.
Since engaging their services, we’ve seen a marked improvement in meeting various statutory deadlines, especially with the Ghana Revenue Authority. Challenges that could have significantly disrupted our operations were addressed swiftly and effectively.
What stood out most was the team’s unwavering availability and willingness to assist whenever needed. Their client-first approach ensures support is never delayed, no matter the time or complexity of the request.
I would not hesitate to recommend Akonu and Partners. They consistently exceed expectations and deliver beyond their mandate. Their professionalism and client focus are commendable and rare.
Akonu and Partners is, without doubt, a firm that delivers value and peace of mind.
Our experience with Akonu and Partners has been nothing short of excellent. The team is knowledgeable, professional, and consistently provides timely, actionable advice that has helped us stay compliant and better manage our tax obligations.
Since engaging their accountancy, tax, and advisory services, we’ve seen notable improvements in our tax planning and reporting. Their expertise helped us identify recording errors, avoid potential penalties, and streamline our financial operations.
What stands out most is their clear communication and attention to detail. They take the time to explain complex tax matters in a way that’s easy to understand, and their proactive, tailored approach has truly added value to our business.
I would definitely recommend Akonu and Partners. They’ve become a trusted advisor in our operations, offering not just services—but strategic support that makes a real difference.
Our experience working with Akonu & Partners has been cordial and very fruitful. Since engaging their services, we have noticed significant improvements, particularly in their timely response to our taxation needs and their ability to work efficiently within tight schedules.
What we appreciate most about their service is their impressive turnaround time and their dedication to resolving issues promptly and effectively. Their result-oriented approach makes them stand out.
We highly recommend Akonu & Partners to others because they consistently deliver practical solutions and maintain a strong focus on achieving results.
Our experience working with Akonu and Partners has been very rewarding. I appreciated the collaborative spirit and clear communication that helped us in achieving our target.
There was always timely response with a professional touch.
Their expert advice on tax planning, compliance, and strategies helped to minimize tax liabilities.
We will recommend Akonu & Partners as Tax Consultants to other business, because you offer professional advice and assurance to help clients make the right business decisions as far as tax issues are concerned
If the answer is a resounding “YES” then let our team of experts help. We’ll keep your business compliant while also removing the stress that usually comes with taxes and accounting. Save time, save money, and leave the number crunching to us.
Last Updated: 24th February 2024
Thank you for visiting the Akonu and Partners Chartered Accountants website. This Privacy Policy outlines how we collect, use, and protect your personal information when you use our website.
1. Information We Collect
We may collect the following types of personal information:
Name
Contact information, including email address and phone number
Any other information voluntarily provided through contact forms or inquiries
2. How We Use Your Information
We use the collected information for the following purposes:
3. Data Sharing
We do not sell, trade, or otherwise transfer your personal information to outside parties. However, we may share information with trusted third parties who assist us in operating our website or servicing you, as long as those parties agree to keep this information confidential.
4. Security
We are committed to ensuring that your information is secure. We have implemented suitable physical, electronic, and managerial procedures to safeguard and secure the information we collect online.
5. Your Rights
You have the right to:
Request access to the personal information we hold about you.
Ask for your information to be corrected or updated.
Withdraw your consent for processing personal information.
6. Data Retention
We will retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless a longer retention period is required or permitted by law.
7. Legal Basis for Processing
Our legal basis for collecting and processing personal information is Contractual Necessity: Processing is necessary for the performance of a contract to which the data subject is a party or in order to take steps at the request of the data subject prior to entering into a contract.
8. Updates to Privacy Policy
We may update this Privacy Policy from time to time to reflect changes in our practices. Any updates will be effective upon posting on this page.
9. Contact Us
If you have any questions or concerns about our Privacy Policy, please contact us at:
Akonu and Partners Chartered Accountants
0302222951, 0205903022
P.O.BOX AN 18677, Accra North
No. 8 Nuumo Akwaa Mensa Street,
Kokomlemle, Accra
