Client: Busia Chicken Farm

Project Title: Monthly Tax Compliance Assignment

Commencement Date: 12th July 2024

Project Duration: Ongoing (Monthly compliance)

Service Scope: Tax Reporting, Filing, Compliance Consulting

Overview:

Tomamoru was entrusted with the responsibility of managing Monthly Tax Compliance for Busia Chicken Farm, a growing agribusiness based in Busia County. The assignment involves ensuring full compliance with the Kenya Revenue Authority (KRA) tax regulations. This includes monthly income tax returns, VAT submissions, PAYE calculations for employees, and overall tax reporting accuracy.

Objectives:

– Ensure timely filing of all relevant tax returns.

– Maintain accuracy in tax calculations and reporting.

– Provide advisory services on tax deductions and incentives available to the agribusiness sector.

– Help Busia Chicken Farm avoid any penalties by staying up-to-date with changing tax laws.

Key Services Provided:

1. Monthly Income Tax Reporting:

Tomamoru handles the preparation and submission of Busia Chicken Farm’s income tax returns, ensuring compliance with tax regulations and minimizing potential liabilities.

2. Value Added Tax (VAT) Filing:

Our team manages the VAT filings, guaranteeing that all invoices, receipts, and related transactions meet KRA standards for VAT claims and submissions.

3. Payroll Taxes (PAYE) Management:

We oversee the calculation and remittance of Pay-As-You-Earn (PAYE) taxes, ensuring employees’ salaries are taxed correctly and submitted promptly.

4. Tax Advisory Services:

In addition to compliance, Tomamoru provides tax-saving strategies, advising Busia Chicken Farm on possible tax credits and deductions they can take advantage of as part of their agricultural operations.

Impact & Results:

Since commencement on 12th July 2024, Tomamoru’s proactive tax compliance management has helped Busia Chicken Farm achieve:

– Zero penalties or late submission fines.

– Streamlined payroll processing and tax deduction compliance.

– Enhanced understanding of tax-saving options available for their agribusiness operations.

With a dedicated team and a systematic approach, Tomamoru continues to ensure that Busia Chicken Farm remains fully tax-compliant, allowing them to focus on growing their business without tax-related interruptions.

Client Testimonial:

“Tomamoru has been instrumental in keeping us compliant with all tax regulations. Their professionalism and dedication have given us peace of mind, knowing that our tax obligations are in capable hands.”

— Busia Chicken Farm Management.

For more information on how Tomamoru can assist your business with tax compliance, feel free to [Contact Us].