Hecon company profile final october lq

HECON A s s o c i a t e s

Firm Profile

Making Tax less tasking

HECON Associates

Firm Profile

Content Title

Page

General Company Information

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A note from the Managing Partner

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Firm History

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Strategy & Vision

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Our Services

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Our Philosophy

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Key Personnel Experience

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Our Work

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Our Clients

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Making Tax less tasking

HECON Associates

Firm Profile

General Firm Information Firm Name:

HECON ASSOCIATES

Postal Address: Physical Address:

P.O.Box 75401, Dar es salaam Msasani Tower, Lower Ground Floor, Kimweri Road, Opposite CCBRT Hospital

Contact Number: Tel: +255 22 2923343

Mob: +255 757 800300

+255 786 670454 E-mail: Website:

info@heconassociates.com www.heconassociates.com

Making Tax less tasking

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HECON Associates

Company Profile

A note from the Managing Partner

M

y objective when I started this practice in 2012 was to help my clients integrate tax law into their businesses not only in a way that helped them but in a way they could understand.

Helena Mteti HECON Managing Director

Tax issues don’t always have to be complicated. That doesn’t mean solutions are easy. But by listening carefully and clarifying our clients’ needs, we can usually make things that seem complex much more manageable. We like to help clients turn problems into opportunities.

We also find that once we understand our clients’ needs, we can usually advice them in a way that minimizes the risk of tax penalties and interest. We do this by making sure we understand our client’s daily dealings and transactions very clear.

We work very hard at being “active listeners” which allows us to identify and clarify all the issues. We continually strive for clarity in our communications, precision in our analysis, and to find solutions based on experience and creativity.

These are the principles on which our firm is built. We seek to deliver the best quality tax services possible — on par with very large tax advisory firms – but with highly personalized attention.

We strive for a culture where our team members are committed to ethics, excellence and a balanced approach to life. Each professional at Hecon Associates understands this and we don’t hire staff unless we are convinced of their commitment to these principles.

We truly seek to become an essential part of our clients’executive team in facilitating business strategy and planning. We vigorously defend our clients’ best interests whether in transactions, at the negotiating table with tax authorities, or in the courtroom.

To learn more about us, please visit the other areas of our website and feel free to contact me at hmteti@heconassociates. com.

Helena Mteti HECON Managing Partner

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Making Tax less tasking

HECON Associates

Company Profile

Firm History

H

econ Associates was founded in 2012 by Ms. Helena W. Mteti.

Our offices are located in Msasani Tower, Kimweri Street, Opposite CCBRT Hospital in Kinondoni District, Dar es salaam. We are an international tax advisory firm which also provides other business support services to a consortium of corporate clients within East Africa.

Our firm’s consultants have advised clients on tax matters involving both domestic and international issues. These clients includes manufacturers, distributors, Agriculturalists, foreign investors, Bankers, Insurers, Telecommunications, Oil & Gas, Mining, Tourism, and Technology companies just to mention a few.

The consultants at Hecon Associates have excellent academic credentials, as well as extensive experience in the industry and the negotiating table. They are committed to finding sophisticated and creative solutions for their clients.

Hecon Associates provides an alternative for businesses, investors and entrepreneurs who need a broad spectrum of experience and support in

tax and compliance matters generally. Our structure allows us to provide a high level of personal attention. Our clients have the opportunity to meet and interact with all of our tax advisors and support staff, as we work together in a team environment to provide the most thorough and comprehensive representation possible.

We provide various services to our clients in areas of tax, legal and other services. We advice our clients in tax matters in areas of Compliance, Planning, Risk management, Audit Defense and Disputes Resolutions.

We create smart strategies based on many years of experience and expertise with tax laws, rules, regulations and procedures to aggressively negotiate the best possible outcome for our clients. We provide legal services in areas of business start up process, company secretarial services, Legal drafting and Immigration services.

Other services we provide include Human capital management specifically in areas of payroll management, staff recruitment & Human capital management. Auditing and booking services are done through our affiliates.

Making Tax less tasking

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HECON Associates

Company Profile

Strategy & Vision Vision statement Our vision is to be a professional firm that is dynamic, affordable and flexible in tax and compliance matters to positively impact individuals, businesses and governments at the local and international level.

Mission statement Our mission is to become the number one client-focused advisor in the region providing the best solutions that drive businesses forward.

Values We realize our goals through: Trust and friendships: We treat clients as members of our own family.

Flexibility: We ensure that we understand our client’s needs so that we can deliver as expected without putting the business at any risk of exposure.

Excellence: We fight for our clients and we don’t rest until we receive the maximum rights and protection under the law.

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Making Tax less tasking

HECON Associates

Company Profile

Our Services Tax Advisory Services 1.

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Tax Planning Tax Compliance Tax Health-checks & Reviews Tax Audits Objections & Appeals

Legal Advisory Services 1.

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Business Startup Process Company Secretarial Services Legal Drafting Immigration Services

Business Advisory Services 1.

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Payroll Outsourcing Services Staff Recruitment & Management Financial Advisory Business Management

Making Tax less tasking

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HECON Associates

a b c 6

Company Profile

Our Philosophy a.

Trust and Friendships

We take pride in our culture of maintaining close relations with our clients because this helps us to serve them better. Through this culture we have been able to build trust and increase the level of communication with our clients. It is for the same reason we have an advantage when it comes to identifying potential tax exposures in our clients businesses. We have successfully advised and supported businesses in resolving compliance issues in a timely manner.

b.

Flexibility

The business world is changing so fast and as a business you need a consultant who is fast enough to see and adopt profitable changes and offer the same advice to you and guide you in implementation of good ideas. We are very flexible in catching up with the changes in business dynamics as well as laws affecting our clients businesses. We ensure that we understand our client’s needs so that we can deliver as expected without putting the business at any risk of exposure.

c.

Excellence

We bring in-depth knowledge and practical experience of African business environment. We fight for our clients and ensure they obtain maximum protection under the law. This allows our clients to relax and focus their thinking and efforts in their core business while having the peace of mind and assurance that their tax and compliance challenges are properly, accurately and timely taken care of by Hecon Associates.

Making Tax less tasking

HECON Associates

Company Profile

Key Personnel Experience Managing Partner Career Background

M

s. Mteti brings you 10 years experience in tax practice.

Her tax career commenced from Deloitte & Touché Nairobi Kenya in 2005 where she worked with various companies in Kenya on various tax assignments. She later returned back home and joined Deloitte & Touché Tanzania but it wasn’t long before Ernst & Young Tanzania noticed her talent and took her on board in 2007. After about 6 years of tax practice Ms. Mteti saw the need to explore more into the tax profession by moving from practicing to the Industry. Her first stop was in the Telecommunication Industry at Airtel Tanzania where she joined as a Tax & Compliance Manager. The move was a success because within one year of her tenure at Airtel she was able to secure a big title for the company as the most compliant tax payer in the telecommunication Industry.

The company was awarded a Certificate of Merit by the Tanzania Revenue Authority. Other awards like the Spot awards were directed to her personally e.g Treasury Department Spot award for recovery of substantial refunds that from TRA e.tc.

In 2012 Ms. Mteti got an irresistible offer to join Halliburton International Inc. as a Regional Tax Supervisor handling tax affairs of Tanzania, Kenya, Uganda, Mozambique, Ethiopia and South Sudan.

She joined the company after seeing the opportunity to explore more into tax laws, regulations and various tax regimes at an international level. A chance to work in the Oil and Gas industry as another vibrant and new industry in the country at regional level was another success career wise and after a year and a half she was ready to fulfill her dream of having her own tax practice therefore she moved fulltime into practicing tax as HECON Associates.

Qualifications & Professional Memberships •

MBA (Masters of Business Administration) –East & Southern Africa Management Institute (ESAMI)

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LLB (Bachalor of Law with Honors) – University of Dar es salaam (UDSM)

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Advocate and Commissioner for Oaths – High Court of Tanzania

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Registered Tax Consultant – Tanzania Revenue Authority

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A member of Tanganyika Law Society (TLS)

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A member of The East African Law Society (EALS)

Making Tax less tasking

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HECON Associates

Company Profile

Our Work HECON Associates team has over the years gained experience through successful execution of various assignments for various entities some of which are listed below with testimonials; Corporate Tax Compliance is one of the basic area of interest to our clients because we advise them on what they need to know or do so that they can remain good corporate citizens. We have worked with various companies like Ektras Solutions Limited, Value Properties Limited, Airtel Tanzania Limited, Halliburton International Inc, Dar es salaam Community Bank etc.

VAT Refund Audits for the most part have been done for Energy and

mining companies like North Mara Gold Mine (Barrick Group), Ngwena Limited, Pan Africa Energy etc.

Tax Reviews are mainly done to check the tax health status of the entity

for exposure analysis and statutory filing. These have been very useful to many companies because they give room for voluntary disclosures and correction of errors. We have supported entities like Ngorongoro Conservation Authority (NCCA), Bank of Tanzania (BOT), International Commercial Bank (ICB) etc.

Tax Audit Defence Being hit by an assessment from the tax authorities can be quite intimidating. The most important part of our support is making sure that we defend our client’s best interest to ensure that they get the maximum protection available under the tax laws of the land.

Tax Training Tax laws are sometimes complex to interpret and they keep changing regularly. That is why tax training is crucial in any entity’s Finance/ Accounting Department.

Business Start Up process We have assisted clients in company, Branch & business names registration process. We have done applications for business licences and tax registrations for companies like JMark Media Solutions Limited, Xpress DV Films, IDC Limited e.t.c

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Making Tax less tasking

HECON Associates

Company Profile

Our Clients HECON Associates team has over the years gained experience through advising various companies in legal, tax and accounting services. We have listed some companies below for reference; SERVICES OFFERED

COMPANIES INVOLVED

Corporate Tax Compliance

Ektras Solutions Ltd Value Properties Ltd Airtel Tanzania Ltd Halliburton International Inc. Dar es salaam Community Bank (DCB)

VAT Audit Services

North Mara Gold Mine Ltd (Barrick) Ngwena Ltd Pan Africa Energy

Tax Reviews

Ngorongoro Conservation Area Authority (NCAA) Local Authority Pension Fund (LAPF) Bank of Tanzania (BOT) Songas Ltd

Tax Audit Management

International Commercial Bank (ICB) Ektras Solutions Limited Airtel Tanzania Limited,

Customs Investigation

Halliburton International Inc. Unilever Kenya Ltd

Tax Training

CocaCola Sabco Tanzania (CCS)

Company Registration

International Development Consultants Ltd (IDC)

Tax Registrations &

JMARK Media Solution Ltd

Business Licence

Hercon Consulting Co. Ltd

Company Secretarial Services

Xpress DV & Films Aptian Resources Ltd Sterling Resources Ltd

Mining Searches

Frontier Resources Ltd IPP Resources Ltd

Immigration Services

International Development Consultants Ltd (IDC) Global Partner Solutions Ltd

Making Tax less tasking

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HECON ASSOCIATES P.O.Box 75401, Dar es salaam Msasani Tower, Lower Ground Floor, Kimweri Road, Opposite CCBRT Hospital Tel: +255 22 2923343 Mob: +255 757 800300 +255 786 670454 E-mail: info@heconassociates.com Website: www.heconassociates.com