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Lobbying, finance, Taxation and Regulatory Advisory, management consulting services
Managing the Risk of Being Placed on the US Treasury Department’s Sanctions In Liberia
SERVICES
Liberia Tax Advisary and Representation
We develop digital strategies, products and services appreciated by clients..
Lobbying
Our lobbyists seek to provide a variety of consulting, lobbying and advisory services related to strategic business planning, public policies..
Executive placement services
Experience unparalleled executive placement services tailored to your needs…
Quickbooks Installation & Training
Our Quickbooks training empowers you to manage finances confidently..
Payroll services
Trust our payroll services for timely and accurate payroll processing..
US/IRS Tax Filing
Ensure your tax compliance with our expert US/IRS tax filing services..
Controllership
This solutions streamline financial operations and enhance profitability..
Governance reform /development Project initiatives
We drive positive change through our governance development projects..
Bookkeeping and Accounting Services
Save time and effort with our seamless booking and accounting.
Financial Reporting and Training
Our tax experts ensure your compliance with all applicable regulations..
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Liberia Tax Advisory and Representation
Lobbying
Accounting Software Installation & Training
Executive Placement Services
Payroll services
ACCOUNTING (GENERAL LEDGER) & TAX SERVICES
Liberia Tax Advisory and Representation
We offer Tax Advisory and Compliance Services, through our Taxation service line. At McJames & Francis, we provide representation services for our clients to the LRA, and other taxing jurisdictions, if necessary. Although a taxpayer may either represent him/herself, which is risky, it is important to have someone else who have the relevant credentials to do the representation. The Tax advisory service is to support our individual and business clients to be
tax complaint and avoid unnecessary tax liability and/or legal issues. This includes withholding taxes, business income taxes compliance issues, support payroll taxes, municipal tax issue, regulatory payments, goods and services tax, transfer pricing challenges, representations, etc.
Tax Health Check/Statutory Review
We implement Tax health check services to support our clients identify risk
issues. This is a systematic and methodological review of financial transactions
to help us determine the level of tax exposure facing the organization. This
approach allows us to identify gaps, which are shared with the client for
resolution with the Liberia Revenue Authority (LRA).
Concession Interest Taxing
Concession contracts in Liberia are in excess of $17 billion United stated
dollars, covering mining, oil exploration and agriculture activities. They are
granted to corporations with a capital capacity not less than ten million United
States Dollars, through a competitive bidding system. After winning the bid
and signing a contract, however, some qualified holders of the concession elect
to carry on various related party sale of their interest, that may result in complex
tax issues that the regular accountant at the entity level may not have the skills
to adequately address. At McJames and Francis, we support clients become tax
compliant when they sign up for our tax services. Other areas include:
Beneficial Ownership Disclosure and Concession Contract Matrix.
For further detail, feel free to contact us
Many businesses and engagement partners may not have sufficient understanding of both the law and innerworkings of the public and private sectors of Liberia. To help your organization and business executives to bring their concerns and ideas to the attention of the government and members of the legislatures, McJames can help in shaping the focus of decision makers in your favor.
Our lobbyists seek to provide a variety of consulting, lobbying and advisory services related to strategic business planning, public policies policies that influence business environment, government policy implications and public/private sector procurement engagements. Our consultants will deliver client specific business needs, so as to resolve public policy strategy challenges faced by clients. Such services may include:
Our consultants will deliver client specific business needs, so as to resolve public policy strategy challenges faced by clients. Such services may include:
- Due diligence to support client’s business structure, capacity, technology, existing contracts, strengths, weaknesses, and future business goals
- Supporting the procurement planning and implementation to meet business goals; making sure to leverage performance, business, political, community relationships for better business environment.
Throughout our engagement, McJames will seek to identify, lobby with critical decision makers to protect the equity and political interest of our clients. We achieve this by making sure that necessary meetings are arranged for either a joint attendance with our clients, or as directed/required to meet certain needs of our clients.
Accounting Software Installation & Training Using Accounting software is an efficient and effective way to manage and record the daily financial transactions of a business. This includes expense management, revenue management, accounts receivable, accounts payable, subsidiary ledgers, end of period accounting and fixed asset management.
Manual accounting environment may prove difficult or challenging to achieve the complexities and challenges associated with meeting all of the disclosure challenges of investors and regulators. Requiring the services of trained professionals to install and or train your finance and accounting staff may be helpful.
For further detail, feel free to contact us
Executive placement services
At McJames & Francis, we support our clients by recruiting well trained and experienced finance and accounting professionals. We achieve this by seeking to find on demand, and on a continuous basis, a pool of well-selected and development-oriented business administrators to support management needs.
belonging to the third level of the civil service who shall provide competent and faithful service.
Payroll services
As an employer, avoiding distractions to maximize your time to achieve your business goals should be critical and cardinal. One of such major distractions is payroll services, along with its employee and withholding tax headache.
Outsourcing your payroll services could prove beneficial where an efficient outsider could manage your payroll to that your employees and taxes are paid accurately and on schedule. As a payroll service provider, we can assume all aspects of your payroll so that you focus on the critical issues of your business.
At McJames & Francis, we support all accounting, tax and payroll needs of our clients, as well as, providing advisory services for business development. We seek to ensure that reliable information systems are provided for all type of business activities. McJames & Francis provides quality business and enterprise advice that support accounting, finance, tax, payroll and outplacement of temporary finance department and accounting/general-ledger personnel in our comprehensive finance and accounting practice.
For further detail, feel free to contact us
HELPING BUSINESSES SUCCEED AND THRIVE
- We aim to support our clients in achieving their administrative and operating objectives, by combining appropriate expertise and professional standards in providing services that meet world-class standards of quality and excellence.
- We are committed to excellence and guided by integrity in all aspects of our business.
- This is why We serve our clients with diligence, and contribute to the development of the bookkeeping and accounting profession, and give those who work for us meaningful opportunities to meet their own aspirations.
Risk of Losing Business
Beyond complying with the law, business entities failing to keep accurate record and documentation on business transactions, may lose revenue, income that is not record, unknowingly incur expenses and is more than very likely, operating very inefficiently. As the owner/leader you cannot successfully manage a business without proper accounting systems to track income coming in, or going out, payments on loans, operating and administrative costs and operational changes. Running your business/activity successfully requires the ability to perform financial analyses – that is, accurately measuring business growth, profitability, changes in operations and cash flows, as well as to reasonably estimate your business/interest’s financial condition (and ability to continue to exist).
To make smart business decisions, business owner/leaders need to have appropriate accounting systems in place providing true pictures of their businesses’ performance. Only then, can Management effectively answer the various questions they are sure to pose.
Good accounting information systems help management answer such questions as:
- What assets do we have??
- How much did we spend
- Where did our money come from and how much from various sources?
- Did we make a profit last year?
- Can we buy that computer server or should we lease it?
- Are any of the goods we have selling at a loss?
- What were cash inflows and outflows?
- Can we safely increase our dividends to stockholders?
- How much do we owe?
- And What did we spend it on?
- Were the sales higher this year or last year?
- How much excess-idle cash do we have available?
- What is the cost of leasing?
- Is the rate of return on net assets increasing?
- Is the cash flow enough to pay back debt?
- Will the bank accept my financial statements?
A Key to success, business activity demands a reliable, disciplined accounting work force. The cost of hiring, managing and supporting appropriate accounting staff is a clear and necessary cost of doing business. The LAW requires businesses to maintain accounting systems and appropriate business management processes and systems, requiring appropriate staffing to manage those systems. McJames offers you cost savings solutions here.
When encountering the Revenue Authorities or regulatory authorities, there can be all kinds of decisions business owners will have to make in areas where prior experience may be lacking. It can all be very confusing, especially when faced with mounting penalties and fines. Fortunately, McJames & Francis is here to help you through these confusing times by doing things for you that you wouldn’t be able to accomplish on your own.
When you work with a staff of our Firm, you will have access to both our accounting staff, as well as benefit from highly level expert advisory services. Additionally, your financial issues, tax filings, statistical analyses will all be handled by Partners, in addition to trained and capable staff that is competent and dedicated to ensuring your financial interests are protected and that your financial reporting is accurate, timely and complete. We are the financially reasonable alternative, ensuring that you are compliant and that your commercial interests are maintained.
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Financial Reporting & Training
Controllership
Governance Reform..
Bookkeeping & Accounting Services
US/IRS Tax Filing
Financial Reporting & Training With an aggregate career life of more than 25 years, the lead consultants at McJames & Francis have the requisite skills and leadership to meet your entity’s Financial reporting goals. Our staff will track, analyze and report the
business income efficiently. Our goal is that this support will help you and any interested party/investor to make informed decisions about how to manage your business. Our staff will work with you to examine resource usage and cash flow to assess the financial health of the business and report to your senior staff timely. Alternatively, we provide on demand training for newly hires and newly grads in preparing financial reports.
For further detail, feel free to contact us
Controllership
If you consider outsourcing certain technical aspects of the leadership of your finance unit, we are here to help. Sometimes, functional aspects of the
accounting unit may be outsourced, such as general ledger activities and financial reporting to give way for management to focus more on the strategic focus of the business. We provide support for such Controllership roles or assist you to recruit your controller/comptroller to support your organization. Under this engagement, our officer will manage and supervise the financial affairs of your entity to help create a clear and transparent financial analysis on the health of the business and timely reporting. For further detail, feel free to contact us
Governance reform /development Project initiatives Project management has become a major aspect of various activities in Liberia, in relation to local donor partners and implementors. At many levels of project
activities in Liberia, stakeholders require independent assessments and
verifications. These quality assurance meetings seek to build donor confidence in
project activities. At McJames & Francis, we offer monitoring and evaluation
activities for projects to support donor confidence. We support projects in its
entire management life cycle starting with its initiation, planning, execution,
monitoring, and closure, when the project idea becomes a working reality.
Bookkeeping and Accounting Services
A niche of our service line is the provision of Bookkeeping and accounting
services to our clients. We assign specialized staff to do the daily, monthly,
quarterly, or annual reporting to support management discussions. This
involves the analysis and keeping track of financial transactions of your
business, as we summarize the activities of your business regularly into
providing all disclosures on a timely basis.
For further detail, feel free to contact us
US/IRS Tax Filing
McJames & Francis seeks to offer tax services for US permanent residents and
citizens living in Liberia. Our Tax Advisory and Compliance Services, through
our Taxation service line, provide the following services to our US and
Permanent Residents living in Liberia:
Filing your State and Federal Tax advisory and tax preparation
Response to the IRS
Business Structuring to maximize tax benefits
Small Business Accounting and Tax Services
Corporate Income Tax
For further detail, feel free to contact us
WHAT WE DO
The best solutions for your business
We do our best to implement your ideas into the project to make it successful and profitable. The choices you make define your achievements.
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Why Choose Us ?
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If you’re tired of the headaches that come with managing your business’s finances, it’s time to consider McJames and Francis Management Solutions. Our team of financial experts is here to provide comprehensive accounting, payroll, and tax services that will make financial management a breeze, so you can focus on what really matters – growing your business.
- Expertise
- Comprehensive Services
- Personalized Solutions
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- Client Satisfaction
Businesses Are Getting Excited From Our Solutions
Don’t let financial management hold you back – unlock your business’s potential with our expert support and start reaching new heights today.