Bookkeeping
The term ‘bookkeeping’ means keeping a record of your business transactions on a spreadsheet, software package or in accounting books. KRA require all businesses to keep accurate and up to date records including details of sales, purchases and expenditure. If you have any bookkeeping requirements please call us so that we can go through your requirements and suggest the best arrangemen
t that suits you. We can provide our clients with the information they need to complete their own bookkeeping and can provide a spreadsheet or a software package depending on the clients requirements. Alternatively we can offer an
accurate and efficient bookkeeping service for our clients for a low cost monthly fee. For further information about our bookkeeping service please contact us. Accounts Preparation
Accounts are financial reports that are based on bookkeeping records. Most businesses will have their accounts completed on an annual basis to comply with their obligations to Kenya Revenue Authority . We can help you prepare your accounts quarterly and annually. This includes calculation of Corporation Tax, VAT and PAYE liabilities. What we Require to Complete Your Accounts In order to prepare your business, individual or company financial statements and corporation tax return, we will require the following information:
Your bank statements for the period. Details of all your income during the period under review. Details of all business expenses incurred during the period above. Details of any loans or dividends paid (if available)
Details of any taxes, returns, withholding tax, VAT or filing fees paid. A listing of assets including details of date purchased, and the amount paid. Your PAYE, NHIF & NSSF reference number and copies of payslips. Copies and refrence numbers of Corporation Tax and instalment tax paid during the year. Your VAT number (If VAT registered)
If you would like further information about our tax return service then please contact us
Payroll
If you run a business and employ staff then you will have to complete payroll. Payroll is the term used to describe records and calculations for the pay and deductions of employees under the PAYE (Pay As You Earn) system. At Imperial Accountants we can complete payroll for clients for a low cost monthly fee. We can complete payroll on a weekly, bi-weekly or monthly basis. Our payroll service includes all payslips, starter/leaver forms and all necessary end of year filing. If you would like further information about our payroll services then please contact us. Imperial Accountants
VAT
Value added tax is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to! We provide an efficient cost effective VAT service, which includes:
Assistance with VAT registration;
Advice on VAT planning and administration. Use of the most appropriate scheme; VAT control and reconciliation;
Help with completing VAT returns;
Planning to minimize future problems with Customs and Excise;
Negotiating with Customs and Excise in disputes and representing you at VAT tribunals. We complete VAT returns on behalf of our clients for a low cost monthly fee. We send out regular reminders to ensure that our clients are never later with their returns. If you would like further information about our VAT service then please contact us. Self Assessment Tax Returns (Income tax/Corporation Tax
We’ll deal with completing your tax return fast and accurately, giving you peace of mind and comfort in the knowledge your affairs have been dealt with by professionals. We’ll ensure that we claim everything you’re entitled to and get you the maximum tax rebate if you’re due one. If you are looking for an experienced, efficient and simple way to get your tax return completed, then call us.
