Taxes are a fact of life. They affect every citizen of a country in most aspects of their lives. Whether it’s earning an income, making a purchase, owning real property, investing, running a business, or transferring your estate, life is full of taxable consequences that, if left unchecked, could consume an ever increasing amount of one’s livelihood. While the Income Tax Act was created specifically to ensure that everyone pays their fair share it also affords all taxpayers the right to organize their financial affairs in such a way so as to minimize their taxes whenever and however possible within the legal confines of the Act. That is the objective of tax planning.
Tax Education
Our tax education initiatives are custom designed to align the clients’ systems and processes in a way that they are able to comply with the tax laws of Lesotho. Our tax education is structured in such a way that it has the beginners’ stages and become more intense as the business grows.
Financial Risk Assessment
• Assessment of financial risk associated with tax compliance and business development.
• Assessment of financial risk associated with life span resulting from taxation affairs and financial risks.
Debt Collection/ Recovery
Debt Management
Maintenance of Debt Book
Follow up to debtors
Enforcement of payments from debtors
Litigation against debtors
Process Re-engineering
The objective of this initiative is to assess the deficiencies of the currently used processes by our clients and then evaluation the financial loss resulting from the deficiencies. Development or re-engineering of the processes and the evaluation of the financial gain/ benefit that the new processes will generate.
Development of PMS and HR related matters
It is key for management to cease the macro-management of employees and focus on their performance in the modern days business environment. It is on the basis of this that MJL Consult aspire to assist our clients with the most efficient and effective performance management system/ performance-based budgeting. MJL will also pro vide advisory services and/ or conduct HR and payroll services on behalf of the client.
Business Incubation Services
We strengthen the process of nurturing and providing instructive and supportive environment for entrepreneurs during the critical stage of starting up a new business during both pre- and post-incubation period. The objective of the virtual incubation is to provide a defined basic set of information, offer customized support on demand and build a place for exchange of experiences among entrepreneurs. This initiative allows SMMEs to benefit from various business advisory services that we offer as a way of skills transfer mechanism.
Development of Small Businesses and Startups
We develop business plans for SMMEs and offer assistance and guidance into ensuring that they ultimately are able to develop their own business plans. We also provide both the SMMEs and business start-ups with basic business skills necessary to start and grow a business. The training interventions are designed in such a way that they assist the businesses to grow in stages into being corporates. These training interventions are initiated and work along with our mentoring services which are entailed under the business incubation services.
Training
We understand that business review and constant improvement is key business growth. This is the reason we offer different training interventions for corporates, SMMEs and business start-ups. Our training is customized to meet the customer demands and address the existing challenges. We use the latest methodology adopted in today’s business whereby we perform the as is audit and gather the areas that need improvements in the business including startups. Our business incubation initiative allows us to design training interventions as we progress and grow SMMEs and business start-ups.
Financial Investigation
We understand that a financial investigation is an analysis of where money comes from, how it moves, and how it is used. Also known as forensic accounting, this type of investigation is used in corporate investigations, theft, embezzlement, money laundering, tax evasion, asset searches, criminal, and many other types of investigations. Some of our duties at MJL Consult include setting up or improving compliance and/or fraud teams, auditing procedures and revamping sanctions, anti-money laundering (AML) and fraud controls and programs at financial institutions as an initiative to leave our clients stable and sustainable
