How Tax Advisory Services Can Save Your Business Money
Does hiring tax advisory services save or cost my business money? This is the main question that most small and medium-sized enterprises (SMEs) owners ask when they think about working with a tax consultant. It’s no secret that hiring a tax advisor presents an upfront deductible expense for your business. That said, the return on […]
The Role of Tax Advisory in Preventing KRA Disputes
KRA disputes disrupt business operations and hurt a taxpayer in unimaginable ways. It begins with panic over sudden tax assessments, then escalates into a full audit and a formal dispute over tax differences. Normal business operations are affected, cash flow is strained, and in some cases, penalties and interests accumulate. So much hurt from something […]
Why Every Business in Kenya Needs a Tax Advisory Partner
When starting a business, you are thinking about all the ways you’ll serve your clientele, make some profits, and create a positive change in society. Rarely will you ever think about spending your day doing taxes, sorting disputes with the Kenya Revenue Authority (KRA), or going to court over tax differences. Yet, this happens. Taxes […]
How to Protect Your Business After a KRA Audit
Post-Audit Actions – How to Protect Your Business After a KRA Audit. The KRA tax audit process is stressful and nerve-wracking for businesses. It’s intrusive, time-consuming, and rigorous for all parties. That’s why most business owners breathe a sigh of relief when KRA completes an audit. But it’s not the end, is it? You still […]
KRA Tax Audit Checklist for SMEs in Kenya
The KRA Tax Audit Checklist for SMEs in Kenya. Small and medium enterprises (SMEs) are usually on KRA’s radar more than large corporations for several reasons. Firstly, SMEs lack the resources to have an in-house accounting and tax department to put their financial and tax affairs in order. Secondly, SMEs in Kenya are frequently in […]
Preparing for a KRA Tax Audit – What Every Business Owner Should Know
Let’s debunk a widespread myth-KRA Tax Audit are random. No, KRA tax audits are not random. You read that right. In contrast to common belief, KRA audits are anything but random. They are triggered by identifiable patterns, discrepancies, data inconsistencies, and solid risk factors. These patterns and risk factors accumulate over time- that’s why KRA […]
What to Do When You Receive a KRA Demand Notice
What to Do When You Receive a KRA Tax Demand Letter. When you receive a tax demand letter from KRA, the obvious reaction is panic, followed by anxiety and stress. But I paid my taxes religiously. I filed my returns as expected. What happens now? Will they forcefully recover their debt? Will they freeze my […]
KRA Tax Audit Representation in Kenya
KRA Tax Audit Representation in Kenya: Paying taxes is beneficial to both the government and the taxpayer. Taxes are the backbone of any economy, serving economic, fiscal, social, and legal purposes that benefit both parties. Both the government and the taxpayer need to play their part to ensure taxes are paid correctly and on time. […]
How to Resolve KRA Disputes Without Stress- A Complete Guide
How to Resolve KRA Disputes Without Stress- A Complete Guide : We rarely encounter a taxpayer who is calm, composed, and positive when dealing with a KRA tax dispute. Most taxpayers are anxious and stressed, whether it’s a sudden tax assessment, a notice to audit, or a demand letter. Taxpayers associate KRA tax disputes with […]
Comprehensive Tax Advisory Services in Kenya
Why do individuals and businesses need tax advisory services? In an ideal world, a taxpayer should only shoulder the appropriate tax burden, no more, no less. But that is not what happens. The Kenyan tax regime is always evolving. Taxpayers who keep up with these changes don’t struggle with tax compliance. However, not many taxpayers […]
