Waypoint Port Services

A multi-entity port services company was drowning in tax compliance issues and facing GRA scrutiny. We rebuilt their compliance foundation from the ground up.

Three companies, zero visibility, mounting penalties

Waypoint Port Services operates three related entities: a clearing and forwarding company, a haulage business, and a warehouse operation. What started as smart business structuring had become an accounting nightmare.

Each entity had its own tax registrations, bank accounts, and filing obligations. But there was no unified view of cash flow, intercompany transactions were a mess, and GRA had started asking questions. The penalties were adding up.

GHS 85,000 in accumulated penalties and interest
Three entities with inconsistent record-keeping
Intercompany loans without proper documentation
Missed VAT and withholding tax deadlines
No consolidated view of group cash position
Active GRA audit inquiry on transfer pricing

Clean slate, sustainable systems

Waypoint needed more than a quick fix. They needed a complete reset of their tax compliance function, plus representation with GRA to resolve outstanding issues. Here's how we tackled it:

Compliance Audit

We reviewed three years of tax filings across all three entities, identified every gap, and quantified the exposure. The news was sobering but clear.

GRA Representation

We engaged directly with GRA on Waypoint's behalf, negotiating penalty waivers where possible and establishing a clear path to resolve all outstanding matters.

Intercompany Restructuring

We documented all intercompany transactions properly, established arm's-length transfer pricing, and created loan agreements with defensible terms.

Portal Management Takeover

We took over all GRA portal filings for the three entities, implementing a calendar system that ensures nothing is ever late again.

Consolidated Reporting

Built management dashboards that show the true cash position across all three entities, with elimination of intercompany balances.

From GRA scrutiny to complete peace of mind

Twelve months after engagement, Waypoint's tax affairs are exemplary. The GRA inquiry is closed, penalties have stopped, and the management team finally has visibility into their group's financial position.

Zero New GRA Penalties

Not a single late filing since takeover

GHS 45K Penalties Waived

Through successful GRA negotiation

100% Cash Flow Visibility

Real-time consolidated group position

We were drowning. GRA was breathing down our necks, penalties were eating into our profits, and I had no idea what our actual cash position was. Akonu didn't just fix the immediate crisis; they built systems that mean we'll never be in that situation again. I can finally focus on running the business.

Kofi Asante Managing Director, Waypoint Port Services

Facing tax compliance challenges?

We Can Help You Get Back on Track

Whether you're dealing with accumulated penalties, GRA inquiries, or just want to ensure your compliance is bulletproof, we can help. The first step is a conversation.

Book Your Free Call Contact Us