Prenitha Wikramanayake's Contact Details

Prenitha Wikramanayake's Company Details

Wikramanayake & Co

, , • 1 Employees
Accounting

Chartered AccountantsWe commenced our practice in the 1980's in a climate when the top personal tax rates were 60%, the corporate tax rate were 49%, but the regulatory regime was so lax that paying tax was optional. The long lunch was tax deductible and was part and parcel of everyday business.Since then we have witnessed a complete overhaul in the tax system, and a comprehensive change in all aspects of business regulation, and the creation of a tough competitive, and sophisticated business environment.In the 1980's we sold our interest in a mid tier accounting practice to concentrate on operating our own businesses in hotels and property development. We steered our family business though recessions, when the banks were severe and rapacious towards small business. Interest for business lending rose to 22% even with property security, and liquidation and bankruptcies were rife. Survival was dependant on skillful management of cash flow.In the conduct of our business we have been faced with many issues such as industrial relations. When have an understanding of the issues that small business faces because we have firsthand experience of staff joining unions to take us to the industrial courts.Our principal focus in the development of our accounting practice is to embrace technology and bring the efficiencies to communication and access to information that is now available in ways that are without precedent.Services we provide:Full Chartered Accounting Services covering income tax, transaction processing and complianceSmall business advisory on setting up and growing your businessDue diligence in relation to the evaluation of businesses prior to acquisitionSetting up your business for sale and the preparation of information to provide a data room for potential purchasers to conduct due diligenceRisk assessment and strategies for asset protectionSuperannuation and retirement advisory servicesSuccession planning