By Michael Kanaabi
The Prime Minister, Dr. Ruhakana Rugunda, has asked accountants to join the fight against corruption and aid growth of businesses by advising entrepreneurs on financial management and taxation.
“Your work should make businesses more efficient. Healthy businesses are able to remit all due taxes which in turn funds government programmes,” Rugunda said.
He also advised businesses to rely more on services of accountants to remain competitive.
Rugunda was speaking at a clients’ appreciation dinner for accounting firm Grant Thornton, which donated sh25m to the Government for the fight against HIV/AIDS.
Grant Thornton Uganda is part of a global group of independent assurance, tax and advisory firms operating in 120 countries with over 38500 employees. Its revenues hit $4b last year.
A managing partner, Anil Patel commended its clients for helping the firm grow 25% in the last financial year.
Patel also thanked the government for maintaining peace and stability in the country which has created an enabling environment for businesses to thrive.
The firm also announced plans to support students pursuing professional accounting qualifications like ACCA and CPA by giving them practical experience which is not given in school so as to empower them for better opportunities in the job market.