Tax Advisory and Assurance Services By Mac’Awuor & Associates
Begin your journey to tax compliance and ethical business practices today. To attain this, engaging an Authorized KRA Tax Agent Matters!
Tax affects practically every element of business or individual . As a result, acquiring the proper tax guidance before engaging in business transactions is critical to avoiding tax losses. Thus, tax preparation is most effective in the start of a business. However, there may be cases where transactions were carried out without any or sufficient tax planning. In such a case, it is critical that you recognise the various tax risks and determine the best strategies to manage them. Do not hesitate; Mac’Awuor & Associates is ready to meet all of your risk management needs.
At Mac’Awuor & Associates, we mix human intelligence, collaboration as a problem-solving community, and technological innovation with expertise to build trust and create long-term results.
We blend new ideas, creative mindsets, and varied points of view to achieve the extraordinary. Mac’Awuor & Associates strives to adopt innovative methodologies for ensuring that we provide change with the best business outcomes.
We seek to establish trust with our clients because it is the most powerful link that unites your people. The organisation, the stakeholders, the world, and the clients. We always endeavour to earn and grow trust while working with clients, through interactions, engagements, and every connection.
Mac’Awuor & Tax Associates offers a team of tax specialists, the required tools, and a functional disciplinary approach to give you with all of the answers you need now while also addressing all of the difficulties that indirect tax presents tomorrow.
E-Commerce and digital firms are increasingly subject to global consumption-based taxes. Our professional consultants are dedicated to ensuring that you meet all of your compliance standards and are knowledgeable about emerging and current regulatory authority regulations.
It is mandatory to comply in any state in the world. As a result, it is critical for all individuals and organisations to understand the tax implications of various commercial transactions. It gives us great pleasure to see our clients work smoothly.
Tax preparation includes state, local, and federal tax returns. Tax advising services comprise analysing tax and financial problems, developing solutions, and giving recommendations with the goal of providing relevant tax advice to a wide range of clients, from enterprises to individuals.
As an authorised KRA tax advisor, we help entities and people convert their aims into appropriate targeted measures designed to maximise an entity’s or individual’s tax position. Proper and effective tax planning assists companies or people in understanding the tax implications of all financial decisions made or to be made. The experience in tax advisory and tax presentation may include participation in the following:
- Investment Planning
- Tax ramifications of real estate and corporate transactions
- Reorganization of partnerships and corporations
- State individual and federal income tax returns
- Corporate and individual tax planning
- Tax implications of acquiring business assets and existing businesses
- The tax efficiency of charitable programs and proposed gift programs
- Income tax planning for executives including employee benefit plans and compensation
- Personal financial planning for individual client executives and employees
- State and federal corporation tax return
- Programs on retirement planning
- College planning programs
- Tax implications on deductions and income, major purchases, contributions, and investments.
- Estate tax planning including preparation of trust and wills
- Property tax assessments
- Tax advice to trustees and executors
- Presentation of clients in tax disputes and negotiations with the regulatory body
- Succession planning
- Customs and trade services- help clients ensure compliance with regulations and laws on trade while trying to reduce, avoid, or defer general customs duties.
- VAT– value-added tax services
- Transfer pricing evaluation and studies, documentation, and amendment of existing policies.
- Valuation services
Tax preparation includes state, local, and federal tax returns. Tax advising services comprise analysing tax and financial problems, developing solutions, and giving recommendations with the goal of providing relevant tax advice to a wide range of clients, from enterprises to individuals.
Tax reporting is critical within the tax function; nevertheless, tax reporting processes must include increased automation, improved data processing and integration, more room for data analytics, tech-savvy tax experts, and strong and comprehensive internal and external controls.
Such enhancements allow the tax function to perform properly and produce high-quality results in less time, freeing up time to generate and contribute to the company’s strategic decisions.
Compliance encompasses all taxes, tax reporting, and statutory accounting, and is growing increasingly complex. For this reason, we at Mac’Awuor & Associates employ experience to ensure that we provide tax advising and compliance services across borders, delivering both global and domestic multi-tax compliance services to our customers.
Under this category, Mac’Awuor & Associates will assist with the following services:
- General Tax Reporting
- Retrieving lost KRA PIN and tax compliance
- Retrieving/changing email address registered for PIN
- Registering foreigners for pin on passport
- Registering local and foreign companies for PIN
- Reinstatement of suspended or deactivated obligation e.g. VAT,
- Deactivating an obligation e.g rental income registered mistakenly
- Tax training and appraisal on staff
Supporting taxpayers with their VAT application refund requests:
- Reviews of VAT compliance. This process entails comprehensive review of all your available VAT records and advise you on the various sections of non-compliance and guide on the way forward.
- Training of your staff to reduce the risk exposure of the business.
- VAT advisory on various capital projects and other transactions.
- Audit support by revenue authority and dispute resolution entailing representation of TAT-Tax Appeal Tribunal or facilitating engagement with the Kenya Revenue Authority through ADR- Alternative Dispute Resolution framework.
- Conduct review of contracts signed with different parties and advising on tax risks or implications.
- Legislate amendments in Value Added Tax law through engagement with the National Assembly, National Treasury, the Kenya Revenue Authority and other relevant bodies.
- We take delight in helping businesses formulate regulatory and tax strategies and ensure effective management of requirements related to regulatory and tax compliance.