About Me

I am A Chartered Certified Accountant who does a bit of gardening.
The Pictures of the flowering and non-flowering plants, fruits, vegetables, culinary & aromatic herbs
in this blog are of my garden.
Most of my garden collections are driven by the Fs: They either Flower, have a Fragrance, provide Flavor, bring Fruit, Food or are air Freshening.

Monday, 29 January 2018


A friend called me to speak to a group on a topic ‘Successful Financial Management Practices for SME's’. She made it clear that it was going to be pro bono and I willfully accepted because it’s a topic I am passionate about. After my presentation, one of the group members who had come in towards the end of my presentation requested if I could go and speak to their senior management team. She asked me how much I would charge for an hour but for some reason I felt hesitant to quote a fee and left it to their discretion. I was therefore very pleased to receive an honorarium from this organization after making the presentation.
A couple of weeks later, I received an email from the same organization requesting for my profile for possible future areas of engagement. This was followed by ‘interviews’ for potential consultancy work. We ended up signing a contract for 15 days of consultancy work and eventually other support services.
The point is, there are somethings that one can do for free, expecting no payment or reward, but in the right time, the reward duly comes. The reward may not be monetary; it may be new friendships, networks even new knowledge. Money is good! However, it should not be the only motivation to offer a service.
As the good book states, cast your bread on the waters: for you shall find it after many days. May 2018 be a year filled with many of those days, may it be a year of a bountiful harvest!

Tuesday, 23 January 2018


Image Credit http://startuptipsdaily.com
Business as with life has its ups and downs. There are times when everything is going on well and there are those times when you have to tighten your belt to survive. In this article we will look at some tips on how to cope when the economy and conditions for business are not favourable.

Tuesday, 7 February 2017

What to consider before Investing in Shares

To buy or not to buy Uganda Clay Limited (UCL) Shares has been the big debate. This came at the backdrop of Uganda Clays recently announcing that a dividend of 1 Ugx per share was declared. Only shareholders whose names appear as at close of business on 23 February will be eligible to payment of dividend.

Tuesday, 13 December 2016

Tax Planning Basics #Uganda

How you plan your business affairs can cause you or your employees to pay more taxes than necessary. The ability to understand the tax statues and how you structure your operations plays a key role in tax planning.

Tax planning is a process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions so that taxes are eliminated or considerably reduced.
Although tax avoidance planning is legal, tax evasion – the reduction of tax through deceit or concealment - is not.

Wednesday, 26 October 2016

Basic compliance requirements for an #SME in Uganda

‘When it comes to a business and corporate management, compliance refers to the company obeying all of the legal laws and regulations in regards to how they manage the business, their staff, and their treatment towards their consumers. The concept of compliance is to make sure that corporations act responsibly’ writes Gary Trainor in an article Importance Of Compliance In Business. He highlights that the benefits compliance brings into any business include: avoidance of criminal charges, building positive reputation and higher productivity in the company.

Tuesday, 14 June 2016

The broke but profitable business ‪

Is it possible to run a broke but a profitable business?

Here is a scenario: A retail business buys stock of Ugx400, 000 and sells it on credit for Ugx600, 000. Although this transaction has made a Ugx200,000 profit, unless the credit is paid, the business will have a negative net cash flow of Ugx400,000.
If this kind of a scenario goes on for a while, the business will not be able to meet its obligations as they fall due and the small business may go out of business.

Friday, 22 April 2016

The 10 easy steps to Turning Your Passion into Profit

Someone said passion is not what gives you bliss or makes you happy 24/7, but what you’re willing to suffer for — what you genuinely believe to be worth the sacrifice. This is just a disclaimer to let you know that it is not necessarily and easy ride!

At about the age of 9 I realized I loved planting or growing things. We didn't have a garden or a shamba as is commonly known in East Africa but that didn't deter me from my passion. I would collect tins/cans or any container and plant flowers. I fondly remember getting those bulbs (before the energy saver bulbs with twisted designs came) and planting indoor water plants in them. My dear Mum joked that when I grow up, I would not have chairs in my house...she could only envisage plants all over!

I pursued Accountancy to its professional level got both ACCA and CPA-U but didn't stop gardening. After completing my MBA I felt more passionate about my passion....Gardening. I have grown to love accountancy and that's the reason for The Accountancy and Business Clinic Facebook page. However I have remained passionate about gardening hence Maua and More . Maua is Swahili name for flowers but we offer flower pots, flower pot stands and other garden accessories hence the flowers and more. To bring my two worlds together, I chose to be The Accounting Gardener (hence this blog)

Tuesday, 19 April 2016

Are you ready to compete with a Robot for your job? #‎artificialintelligence

I was reading a document late in the night and reached a point where I wasn’t going beyond one paragraph. I suddenly wished someone would read out the document for me and I just listen. Adobe reader came to memory and I immediately converted the word document to PDF and turned on the Read-Out-Loud function. Well it helped but not quite because of a few limitations.

I got thinking of how machines are taking over human roles so fast. According to internet sources, it is said that perhaps 75% of the jobs done by humans will be gone in 50 years. As they are starting to do today, machines will manage the routine while humans take on the unpredictable – tasks that require creativity, problem solving and flexibility. No existing or future job without exception is safe simply because computers as general purposes machines think smarter, less error prone and continue to be programmed to be more creative than humans in the long run.

Wednesday, 24 February 2016

Revenue lost as ‪#‎UgandaDecides

No social media and no mobile money services for 3 and ½ days! Unimaginable in this era when Rwanda has almost 400 buses connected with free 4G internet and the rest of the world is talking about #internetofthings, anyway that's what Uganda decided.

It is said that nearly 20 million mobile money users were unable to access the service for these days. In an article in the Uganda's Daily monitor dated 22nd February 2016, the writter, Mark Keith Muhumuza, states that as at the end of October 2015, MTN revealed, at least, Shs1.8 trillion was seamlessly moving through MTN Mobile Money platform per month.

Wednesday, 17 February 2016

Why significance is better than success

Success is winning, Significance is helping others win. Success leaves a fingerprint while significance leaves a footprint on the hearts and minds of others. ~ D. Trinidad Hunt.

Listening to John Maxwell talking about living a life of significance, I couldn’t help drawing parallels as to how one can run a business of significance. John Maxwell talked of 5 Rules of Significance:
1) Value people
2) Add value to people
3) Look for ways to add value to people
4) Do things that add value to people
5) Encourage others to add value to people