KTK Accountants Services

QUALITY SERVICE
We offer to deliver quality deliverables that will be satisfactory to clients. All our partners have worked in progressive organisations with combined 40 plus years of experience. Organisations that are motivated by stretch targets and organisations that are continually looking to improve.
SPECIALISED SERVICES
We are all are very highly experienced and have had significant exposure across a number of different industries and countries. Richard Kuna, Thomas Taberia and Paul Kiruwi are specialised in Assurance, Taxation and Business Advisory respectively. We are in the process of recruiting and expect to make an announcement shortly.
SPEED/TIMELY
At Kuna Taberia Kiruwi we believe on all engagements time is off the essence. It is therefore our pledge to ensure that all assignments are completed in a timely fashion to meet client deadlines and expectations.
REASONABLE RATES
Quality service, specialised service and timely and relevant information does not have to be extraordinarily expensive. We therefore believe and have adopted a charge regime where we believe our rates are reasonable and in line with the level of deliverables.
STAFF MANAGEMENT
We are cognisant that in a very competitive industry our people capital is our greatest resources and the management of that key resource is critical from both an internal and external view.

Audit and Assurance Services

External financial statement Audits – rendering an opinion on financial statements prepared in accordance with accounting principles relevant to the entity, whether in accordance with International Financial Reporting Standards, US Generally Accepted Accounting Principles (US GAAP) or accounting principles generally accepted in a specific country. The services are delivered under auditing standards issued by the International Standards on Auditing (ISAs).

  • Reviews of interim financial statements
  • Compilations
  • Reporting on internal control as part of the financial statement audit
  • Advice on application of accounting principles and rules in conjunction with financial statement audits
  • Debt compliance attestation
  • Agreed upon procedures in accordance  with International Standards on Assurance Engagements
  • Internal audit out sourcing and co-sourcing services.
  • Fraud investigations and fraud risk management reviews
  • Regulatory and contractual compliance attestation services
  • Due diligence

Accounting Services

Accounting advice and assistance where »»technical accounting specialists are engaged to provide services to clients in the following areas; new standards impact analysis, advice and step plans relating to transactions, financings and internal reorganizations, informal advice or formal opinions on accounting treatments; accounting policy analysis, financial information/statements compilation/review, technical accounting, training.

  • Preparation of financial statements (annual reports)
  • Book keeping function for clients
  • Secondment service to provide additional resources to companies.

Business Advisory Services

  • Budget and cash flow planning and forecasting
  • Business planning and profiling
  • Business reviews’
  • Business valuations
  • Financial due diligence
  • Establish financial accounting systems
  • Board secretarial functions
  • Process and system improvement reviews

Financial Restructuring and Insolvency Services

  • Independent business review
  • Lender Advisory
  • Corporate and personal insolvency services

Income Tax

  • Preparation and review of income tax returns for taxpayers in various industries including (but not limited to) mining and petroleum, agriculture, superannuation, telecommunication, insurance, wholesale and retail, banking and finance, transport, engineering and construction, postal services, and manufacturing.
  • Preparation and review of income tax returns for individuals and partnerships.
  • Assistance with taxation registration formalities of taxpayers with the Internal Revenue Commission.
  • Advising on taxation issues applicable to setting up a business in PNG.
  • Advising foreign investors on the application of foreign contractors’ withholding tax regime of the Income Tax Act.
  • Advising on various PNG taxation matters including management fee withholding tax, non resident insurers withholding tax, business income withholding tax, dividend withholding tax, interest withholding tax, royalty withholding tax, overseas ships withholding tax.
  • Assistance in relation to compliance matters in respect of income reporting system matters.
  • Assistance and advise in relation to salary or wages tax matters including advising on taxation of employee remuneration benefits, and provision of salary or wages tax gross up formulas.
  • Assistance and advising on taxation implications in respect of company amalgamations.
  • Assistance with preparation and review of notices of objections in respect of income tax, training levy.
  • Assistance with preparation of tax effect accounting entries.
  • Assistance with salary or wages tax review.
  • Advising on implications of double tax agreements.
  • Assistance in relation to repatriation of funds out of PNG including tax clearance matters.
  • Liaison and negotiations with the Internal Revenue Commission on behalf of various clients in respect of various taxation matters.
  • Assistance and advising various businesses in various industries on the specific taxation incentives or concessions available to the respective industries including manufacturing, agriculture and export incentives.
  • Assistance and advising businesses on the taxation implications of various major transactions including retirement of foreign currency inter-company debts.
  • Assistance with due diligence work in respect of taxation matters.

Goods and Services Tax (GST)

  • Preparation and review of monthly GST returns
  • Preparation and review of notices of objections in respect of GST notices of assessment.
  • Assistance with GST reviews
  • Assistance and advice in relation to GST matters.

Stamp Duty and Customs Duty

  • Assistance with stamp duty compliance matters including arranging stamping of documents.
  • Assistance and advice in relation to stamp duty matters including sale of shares and sale of business.
  • Assistance and advice in relation to customs duty matters.
  • Assistance with calculation and review of excise tariff.
  • Assistance in relation to release of bank guarantees.
  • Liaison and negotiations with the Internal Revenue Commission on behalf of various clients in respect of various stamp duty and customs duty matters.