Services

Audit and Assuarance Services

Audit & Assurance Practice provides financial statement verification as well as other integrated audit services. Risk & Assurance is one of main services we are providing to our clients and could be categorized as follows.

• External Audits

  The main objective is to check whether the Companies have prepared their financial statements to comply with the Sri Lankan Accounting & Financial Reporting Standards, Companies Act & Other Regulatory Statutes.

• Internal Audits

  The main objective is to assist Companies to assess business risks and controls on al continuing basis and improve business process performance.

• Forensic Audit

  A forensic audit is required in the event of suspicions with regard to frauds and malpractices in the company. We will meet you to discuss the scope of the audit and our experts will assist you in lawsuits that may prop up following the forensic audit.

Tax and Advisory

Tax regulations & other statutory obligations imposed by the government are becoming increasingly complex. Therefore, it has become important for companies to plan their tax strategy taking into account the government and provincial regulations and statutes, which would otherwise drain your valuable time, money as well as scarce resources. Our tax professionals are ready to advise the clients to minimize their tax liability through sound planning and to ensure compliance with the local regulations and international laws.

• Tax Planning

  Assisting clients with tax functions by aligning with the organization goals and providing strategic, tactical & transactional business solutions.

• Tax Reviews

  Carrying out in-depth tax reviews of companies and others to identify the overall tax position including income tax and other taxes payable, refunds claimable, assessments issued and appeals.

• Tax Handling

  Obtaining registration, analyzing, computing on a monthly/quarterly basis, filing of returns, handling of payments and maintaining records of the relevant files for PAYE, VAT (Value Added Tax) and other taxes.

• Appeals & Board Reviews

  Representing clients in interviews & in appeal hearings with the Department of Inland Revenue.

• Tax Reporting Services

  Assisting clients in filling & filing returns & advise in tax compliance, reporting, tax process improvements and quantitative data analysis.

Accountancy Services

Your finances, as well as your business, are vital to your success, and your needs are unique. At KGL Associates we take your business seriously, focusing on your company situation.

We work closely with individuals, partnerships & corporates big or small so that we could understand exactly what you need in accounting, tax & related services. You want commitment, honesty, integrity and talk to someone you feel comfortable with. This is the reason why our clients remain with us long term & our portfolio is ever-expanding

We offer a range of services in our areas of proficiency.

• Execution of Accountant's and Finance Manager's function outsourced by the client

  The assignment as discussed and understood would be to execute the accounting function of the company but not limited to;

  • Preparation of payroll report.
  • Preparation of payment voucher and input to bank portal.
  • Banking related matters.
  • Preparation of invoice and monitoring of receipts.
  • File the EPF and ETF Returns to the relevant departments with the respective payments.
  • Perform the proper SVAT Registration and continue the total task with related to SVAT which includes attending to work in the Inland Revenue Department.
  • File the WHT Returns to the relevant departments with the respective payments.
• Bookkeeping

  Entering of the transactions in to the Quick Books software and update the accounting.At the end of the book keeping, we will provide you a complete set of draft financial statements, Quick Books system backup and the ledger.

• Payroll Handling
  • Monthly Salary preparation.
  • ETF/EPF returns filling and fileing.

Consultancy Services

The demands of corporate are many. From one side, shareholders are demanding double-digit growth every year due to the competition being so fierce and intense, a market leader today can be bankrupt tomorrow. it is an uncertain world, with great opportunities and daunting challenges, How do firms manage these dynamic forces and ensure long term stability? A firm may need help with developing corporate strategy, repositioning, restructuring or even financing, we can be of help. We possess the right people, with the right knowledge and the experience to come up with and implement successful solutions.

• Financial Risk Management Services

  Assisting clients by identifying. assessing and prioritizing risks and recommending suitable risk mitigating measures.

• Corporate Financial Services

  Providing solutions for organizations and individuals embarking on acquisition strategies, divestitures, restructuring or financing, providing strategic advice on mergers and acquisitions and attending to due diligence reviews.

  Helping clients to prevent, detect and investigate fraud and other irregular acts to which organizations may be exposed and sose on.

  • Mergers & Acquisitions

    Providing strategic advice on execution ofiacquisitions, mergers and divestiture.

  • Business Structure

    Providing advice on structure, processes and procedures to start a new business.

  • Measuring Business performance

    Studying and analyzing the management information systems and operations and assisting and improving them.

  • Systems reviews and improvements.