Blog / ABOUT PARAKAR CONSULTANCY LIMITED

The Story of Parakar Consultancy Limited

Incorporated on 24 February 2025 in Kampala, Uganda, Parakar Consultancy Limited was founded by qualified Ugandan accountants with a clear vision: to provide SMEs, NGOs, and growing organizations with

April 9, 2026 · 2 min read

Building Trust Through Numbers

🏢 A Vision Born in Kampala

Incorporated on 24 February 2025 in Kampala, Uganda, Parakar Consultancy Limited was founded by qualified Ugandan accountants with a clear vision: to provide SMEs, NGOs, and growing organizations with access to high-quality financial advisory services.

🛡️ More Than a Name

The name Parakar represents a protective shield for clients' financial interests, symbolizing trust, accuracy, and integrity.

💼 Professional Services

Dedicated accounting, tax advisory, and internal audit solutions designed for Uganda's evolving business environment.

📊 Accounting & Bookkeeping Services

We maintain accurate, up-to-date financial records aligned with IFRS and Uganda's regulatory requirements to support better decision-making and compliance.

Core Deliverables

Bookkeeping and transaction recording
Financial statements: income statement, balance sheet, cash flow
Payroll and statutory deductions (NSSF, PAYE)
Monthly or quarterly management accounts
Bank reconciliations and petty cash controls
Fixed asset register management
QuickBooks setup and training

Outcome

Clear books, stronger reporting discipline, and better management visibility for owners, boards, and donors.

Request Accounting Support

🧾 Tax Advisory & URA Compliance

Uganda's tax environment evolves rapidly. We help businesses stay compliant with URA while optimizing tax obligations lawfully.

Core Deliverables

Income tax returns (individual and corporate)
VAT registration and periodic returns
PAYE processing and annual returns
Withholding tax management
URA e-filing support and compliance reviews
Tax planning advisory for SMEs
Support for URA assessments and queries
Presumptive tax advisory for small businesses

Outcome

Reduced penalty risk, improved filing consistency, and stronger tax governance.

Speak to a Tax Advisor

🔍 Internal Audit & Risk Advisory

We conduct independent, objective reviews of controls and operations to reduce fraud exposure and strengthen compliance.

Core Deliverables

Internal control design and review
Fraud risk assessment and prevention advisory
Donor compliance and grant audits
Operational process efficiency reviews
Internal audit reports and management letters
Risk register development
Pre-audit readiness for external audits

Outcome

Improved governance, stronger accountability, and confidence for management and stakeholders.

Book an Audit Consultation

📈 The Future Starts with Trust

Parakar Consultancy Limited is committed to delivering excellence, building long-term relationships, and helping clients succeed in Uganda and beyond.

Building trust through numbers is not just our message — it is our foundation.