Real Estate and Construction Sector: Ensuring Financial Integrity and Compliance

Project Overview

A real estate development company required assistance with financial transparency and project cost management for a series of large-scale construction projects.

Audit Project

  • Objective:

    Verify project costs and ensure accurate financial reporting.

  • Approach:
    • Conducted audits of financial statements and project-specific cost management.
    • Assessed compliance with accounting standards and industry regulations.
  • Outcome:
    • Provided transparency in project cost reporting, ensuring accurate allocation of expenses.
    • Identified areas for cost savings and improved financial management practices.
    • Strengthened financial controls and reporting accuracy for future projects.
Tax Project:
  • Objective:

    Manage tax implications related to real estate transactions and optimize tax compliance.

  • Approach:
    • Provided tax planning and compliance services, focusing on property taxes, capital gains, and real estate investment trusts (REITs).
    • Assisted in structuring transactions to maximize tax efficiency.
  • Outcome:
    • Achieved significant tax savings through strategic planning and compliance with tax regulations.
    • Ensured accurate reporting of property taxes and capital gains, reducing the risk of tax-related disputes.
Advisory Project:
  • Objective:

Guide the client through project financing and strategic market expansion.

  • Approach:
      • Offered strategic advice on securing financing for major development projects.
      • Conducted market analysis to identify expansion opportunities and assess project feasibility.
  • Outcome:
      • Successfully secured financing for key projects, supporting growth and development.
      • Developed effective strategies for market expansion, leading to increased market share and revenue.

Project:
Personal Training

Client:
ABC Bank

Year:
2017

    Zalma and Associates is a licensed firm in good standing with ICPAK. We offer specialized services in Audit and Assurance, Tax, and Advisory. Our experienced team, with over a decade in the field, excels in accounting, auditing, due diligence, feasibility studies, business planning, internal audits, governance, market research, and consumer surveys.

    ADDRESS

    SkyGo Building House Mombasa Road, 3rd Floor

    PHONE

    0721 790 366 | 0731 186 764

    EMAIL

    info@zalmaassociates.co.ke