Frequently Asked Questions

Yes, we do. Mawoyo offers accounting services to help businesses with their financial management and reporting needs.

We take pride in delivering dependable and personalized services tailored to meet the unique needs of each client. Our firm specializes in providing accounting and bookkeeping solutions for individuals, sole traders, and limited companies registered and operating in Botswana.

Switching accountants is an important decision. If your current accountant is no longer meeting your expectations, it may be worth reassessing your options. Consider whether they align with your needs in areas such as responsiveness, communication style, level of support, personalized service, and the convenience of their systems or software. It’s also essential to determine if they are genuinely helping you improve your business operations and reach your financial goals. Your accountant should be a trusted partner in your success. If you’re thinking about making a change, we’d be glad to review your business and financial records to see if we’re the right fit for you.

Yes we do.From company registration,annual returns,doard minutes,resolutions,name change,share transfers to deregistration.

A Company Secretary plays a critical governance and compliance role in any company registered under the Companies Act (Cap 42:01) of Botswana. Their main duty is to ensure that the company operates in accordance with the law, maintains proper corporate governance standards, and keeps all statutory records in order. Here’s why their role is so important: 1. Legal Compliance, 2. Corporate Governance, 3. Liaison and Communication, 4. Risk Management

The reason only a few individuals can serve as company secretaries is because the law and practice require specific qualifications, experience, and credibility. Under Botswana’s Companies Act, a company secretary must be a resident in Botswana, and qualified through training, experience, or professional membership to perform secretarial duties.

Every year,in the month that your company was incorporated.

A penalty of P500 will be imposed for the next 10 days after the deadline day.After that,the company is cancelled and you will need to pay P2000 together with any outstanding annual returns fees for if to be restored.

Managing a business is challenging—especially when you’re trying to focus on operations while also keeping up with accounting responsibilities. Accounting requires significant time and attention, and even small errors can result in poor financial decisions, lost opportunities, or costly penalties. Our team of professionals is here to handle your accounting needs for you. We provide reliable, timely, and insightful accounting services tailored to your business. With our experienced accountants, you can stay focused on growth while we ensure your financial records are accurate and well-managed according to your specific requirements.

Whether you are an individual or a business owner, it’s essential to recognize when it’s the right time to engage an accountant. Many believe that accountants are only needed during tax season or when submitting VAT and Income Tax returns, but in truth, their expertise can benefit you throughout the entire year. If you find accounting tasks challenging, an accountant can offer precise financial data, professional insight, and practical guidance. Especially when your time is limited, they can handle your financial management, allowing you to concentrate on other key aspects of your business. Additionally, an accountant can assist with strategic financial planning, ensure compliance with tax laws and regulations, and help optimize your cash flow by identifying opportunities to reduce costs or increase income. In essence, partnering with an accountant ensures your business remains efficient, compliant, and on track for success.

While it’s possible to manage your own accounting or handle certain tasks independently, it’s important to be aware that even small errors can result in paying more tax than necessary or incurring financial penalties. If you’d like our team to review your work, provide recommendations, and make any required adjustments, we’d be glad to assist—at no additional cost. As a team of qualified and experienced accountants, we’re ready to manage your accounting needs with precision and efficiency, ensuring your financial records are accurate, compliant, and completed on time.

An accountant can play a crucial role in helping you start your business. They can guide you in choosing the most suitable legal structure, assist with business registration, and offer expert advice on tax planning and compliance requirements. In addition, an accountant can help you create a practical financial plan, recommend effective accounting software, manage your bookkeeping and reporting, and provide valuable insights to support sound business decisions. By working with an accountant from the start, you ensure that your financial systems and processes are properly set up. This not only helps you avoid costly errors but also lays a solid foundation for sustainable growth and improved profitability.

Yes we do.

In accordance with the requirements of the Botswana Institute of Chartered Accountants (BICA), we are required to enter into formal engagement letters with all our clients. This ensures that the scope of work, responsibilities, terms, and fees are clearly defined and mutually agreed upon before the commencement of any engagement.

Mawoyo offers payroll services on a monthly basis.

You should register as an employer with BURS when you start employing staff. The registration must be done before your first payday. Please note that it can take up to 5 working days (or longer) to get your employer PAYE reference number.

Yes we can help you register as an employer with BURS.

We provide quotations tailored to your business type, as well as the number of sales invoices, bank accounts, and transactions you manage. While our goal is to offer clients a fixed monthly fee, this may adjust as your business expands, transaction volumes grow, and additional time is required to review your accounts. If you require services beyond your selected package, we will issue a separate quotation for those. You can also complete the enquiry form on our website to help us better understand your business needs and prepare a customized quote specifically for you.

We ask our clients to pay cash on delivery.

We ask our new clients to pay upfront. Usually, our clients make transfers to our bank account.

We periodically review our fees when there is a significant increase in your bills, invoices, or transactions. For instance, if your initial quote was based on approximately 200 transactions, it would be reasonable for the fee to adjust once that number grows to 700, 1000, or more. This ensures that our pricing reflects the additional time and effort required to manage your expanding business effectively.We also factor in inflation.

Yes we do.

Yes we do

Yes we do.From registration,tax clearance,filling returns to deregistration.

Yes — in Botswana, it is mandatory to register for VAT (Value Added Tax) if your annual turnover exceeds P1,000,000. Threshold: Any person or business whose taxable supplies (sales) exceed P1 million in any 12-month period must register for VAT with the Botswana Unified Revenue Service (BURS).

You are required to apply for VAT registration within 21 days from the date you realize (or should have realized) that your turnover will exceed the threshold.

If you fail to register while exceeding the threshold, BURS may register you compulsorily, backdate your registration, and charge penalties and interest on unpaid VAT.

If you miss the tax return deadline, you will get a fine for late filing; any payment owing will also incur interest charges.At Mawoyo, we understand how important it is to file your tax returns on time. Our team of professionals can help you complete and send your tax returns, taking the burden off your shoulders and giving you peace of mind.

You can deregister from tax returns. At Mawoyo, we would be happy to perform the registration process on your behalf.