At Juma Auditors, we pride ourselves on offering top-notch audit services tailored to meet the unique needs of businesses in Nairobi and beyond. Our firm is recognized for delivering accurate, transparent, and timely audit reports, helping businesses maintain compliance and achieve financial stability. Understanding Our Audit Services Auditing is a critical process for any business, […]
Bookkeeping Services in Nairobi are vital for businesses to maintain accurate financial records, manage cash flow, and ensure compliance with tax regulations. At Juma Auditors, we offer comprehensive bookkeeping services designed to meet the specific needs of businesses, whether you’re a startup or an established company. Our team of professional auditors in Nairobi provides precise, […]
Standards Levy is a mandatory monthly payment that manufacturers in Kenya must make to the Kenya Bureau of Standards (KEBS). It is calculated as 0.2% of the manufacturer’s monthly turnover, excluding VAT and discounts. This levy was established by the Standards Levy Order under Legal Notice No. 267 on 22nd June 1990 and became operational […]
Outsourcing accounting and auditing services has become increasingly popular among businesses of all sizes due to the numerous benefits it offers. Here, we explore some of the key advantages of outsourcing these services and why it could be a valuable strategy for your business.
In Kenya, every individual or entity with a Personal Identification Number (KRA PIN) issued by the Kenya Revenue Authority (KRA) is required to file tax returns. The KRA provides an online portal (iTax) for filing returns, making the process quick and straightforward. However, failure to file on time results in penalties.
Taxpayers should note that in case of any discrepancies between the Revenue Laws and this information, the Revenue Laws will take precedence. The Finance Act 2023 has introduced a tax amnesty for interest and penalties on tax debt by incorporating Section 37E into the Tax Procedures Act, 2015. The amnesty applies to: The Finance Act, […]