SERVICES PROVIDED

Audit and assurance

Interim and year-end audits of financial statements to prepare final accounts in compliance with the Kenya Companies Act for submission to KRA and the Registrar of Companies, internal control audits to appraise adequacy of internal control systems

The audit programme is designed after considering the client’s business, the industry it operates in, the potential risks it is exposed to, its internal control systems, organisational structure and flow of information, and any weaknesses which are identified are highlighted along with potential steps that may be taken to overcome them.

Accountancy and Bookkeeping services

Books of accounts can be prepared and financial and management reports and reconciliations created on a daily, weekly or monthly basis based on the nature and volume of transactions and the client’s requirements. Year end accounts can also be prepared for submission to external auditors for the annual audit.

The services provided include, but are not limited to:

• Maintaining computerised books of account
• Preparing the payroll and filing the relevant returns
• Preparing and filing VAT returns
• Reconciling records on a timely basis
• Management reports and cash flow statements
• Preparing budgets, budgetary controls, budget monitoring and variance analysis
• Maintaining a fixed assets register
• Preparing financial statements for submission to external auditors for the annual audit

Taxation services

iTax return preparation and processing services - With the advent of compulsory online filing of returns on iTax, many businesses face challenges in preparing and uploading the necessary returns on time. To enhance compliance, data provided by the client can be used to prepare the necessary returns for submission to KRA via the iTax platform. The services provided include, but are not limited to:

• Guidance on compliance with income, VAT and payroll taxes
• Filing annual self-assessment tax returns for individuals and businesses
• Registration for PIN, PAYE, VAT, NSSF and NHIF

Special assignments

Businesses may require assistance with setting up their accounting systems and maintaining the necessary documentation to allow for strong internal controls, internal control check-ups and also preparing accounting records for a backlog of work while the current transactions are being updated by their in-house accounting department. Such tasks can be assigned to us to enable smooth flow of work.