Blogs and News On Accounting, Audit and Taxation
Installment tax is an estimated income tax paid to KRA in advance and in anticipation of tax payable for the year of income. Installment tax is paid in four installments. A projection of the income tax payable is done at the beginning of the financial year based on prior years’ tax paid or current year’s…
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Frequently Asked Tax Questions…. Get in touch with us on info@optima-accounting.co.ke or call 0700 053980.
In case you have forgotten your iTax Log in credentials, do not worry. The iTax password recovery process is fairly simple and straight forward. Step 1: Access KRA Online Portal Access the KRA iTax portal by clicking this link KRA iTax Portal. Enter you KRA Pin Number/User ID then click continue Below the login button click…
Read More “How to change your KRA iTax Portal Log in details” »
Starting and growing a business in the competitive market today is not a walk in the park. Business leaders have to juggle various matters such as clients, suppliers, products/services, statutory regulations, competition, employees, among others. To manage time more effectively given the many demands, business leaders have to transition from the manual way of doing…
Read More “Benefits that Payroll Software can deliver to Businesses in Kenya” »
What do you do when you receive that dreaded call that Kenya Revenue Authority officials will be undertaking an audit of your business? Do you close down your business, shave your head and disappear to the mountains to live the rest of your life as a monk? Absolutely not! A tax audit is an unavoidable…
Read More “When the tax man comes calling: Fight or flight?” »
