We focus on Elucidation of Financial Statements Information, as the statements are both diagnostic tools & a treasure chestmbuguaandassociates.com onlineJoined July 2020
You fail to take an insurance cover for a risk that you’d have paid a negligible premium, then the risk materialises and you suffer millions in loss financing, be smart and plan accordingly...
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Remember, as I always say in KE’s Law, ignorance is no defence, and if I may add, it may cost you more, so before you file a NIL return, make sure you understand what that means when the tides hit the sea.
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For tax purposes, if the incomplete record is what’s convenient for you then don’t wait for non-compliant penalties register for TOT (Turnover Tax) this is a final tax, and remember according to the Finance Act 2023 the TOT rate changed upwards to 3%...
mbuguaandassociates.com/no-records-bus…
VAT is indeed a pipeline TAX however, just like any other TAX it is bound to affect the bottom-line operational decisions of your business because it influences the price of your product...
mbuguaandassociates.com/vat-the-pipeli…
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