Frequently Asked Questions

Answers to Common Tax, Accounting & Business Questions

At ANTHONY CONS ASSOCIATES LIMITED, we understand that clients often have questions before engaging a professional tax, accounting, audit, or business advisory firm.

Below are answers to some of the questions we receive most frequently.

Tax & KRA FAQs

How do I register for eTIMS?

Businesses can onboard eTIMS through the available KRA eTIMS channels. The appropriate solution depends on the nature, size, and invoicing requirements of the business.

ANTHONY CONS ASSOCIATES LIMITED can assist with:

• eTIMS registration and onboarding
• Solution selection
• Setup and configuration
• Invoice configuration
• Staff training
• Integration support
• Troubleshooting
• eTIMS compliance reviews

Need help with eTIMS? → Book a Consultation

How do I respond to a KRA audit?

If you receive a KRA audit, verification notice, or request for information, you should review the notice carefully and respond within the applicable requirements and timelines.

We can assist with:

• Reviewing the KRA notice
• Understanding the issues raised
• Reviewing relevant financial and tax records
• Organizing supporting documentation
• Preparing responses
• Reviewing tax assessments
• Tax objection support
• Tax appeal support where applicable

Received a KRA notice? → Speak With Our Tax Team

Can you represent us before KRA?

We can provide professional assistance in tax matters, including reviewing tax issues, preparing documentation, supporting responses, and assisting with tax objections and other applicable tax dispute processes.

Where formal representation, authorization, or specific regulatory requirements apply, the engagement will be handled in accordance with the applicable requirements.

Need assistance with a KRA matter? → Contact Us

What should I do if I disagree with a KRA tax assessment?

Do not ignore the assessment.

The appropriate response depends on the nature of the assessment, the issues raised, the supporting records available, and the applicable objection or appeal procedures.

We can assist with reviewing the assessment, identifying the issues, preparing supporting documentation, and advising on the appropriate next steps.

Tax Assessment Support →

What is eTIMS compliance?

eTIMS compliance involves properly using the applicable electronic invoicing system and ensuring that invoicing and related business records are maintained appropriately.

Businesses should also consider how their eTIMS records align with their accounting records, tax returns, sales records, and other supporting documentation.

eTIMS Compliance Support →

Accounting FAQs

How much do accounting services cost?

Accounting fees vary depending on the nature and size of the business and the scope of services required.

Factors that may affect the cost include:

• Number of transactions
• Number of employees
• Accounting requirements
• VAT and tax obligations
• Payroll requirements
• Financial reporting requirements
• Accounting software
• Frequency of reporting
• Complexity of the business

We can assess your requirements and provide a quotation based on the services you need.

Request an Accounting Services Quote →

Can you manage our bookkeeping?

Yes. We provide bookkeeping and accounting support tailored to the client’s requirements.

Services may include:

• Recording transactions
• Bank reconciliations
• Accounts receivable
• Accounts payable
• Expense records
• General ledger support
• Management accounts
• Financial reporting
• Tax-related accounting support

Do you provide monthly accounting services?

Yes. Monthly accounting arrangements can be structured according to the client’s requirements.

This may include bookkeeping, reconciliations, management accounts, payroll support, tax compliance, and periodic financial reporting.

Discuss Monthly Accounting Support →

Can you help us prepare financial statements?

Yes. We can assist businesses and organizations with financial reporting and preparation of financial statements based on the applicable accounting and reporting requirements.

Business Registration & Advisory FAQs

How long does company registration take?

The timeframe depends on the type of registration, availability of the preferred business or company name, documentation, government processing requirements, and whether any additional information is required.

We can assist clients with understanding the registration process and the documentation required.

Need Help Setting Up a Business? →

Can you help us register a company?

Yes. We can assist with business setup and registration-related advisory services, including guiding clients through the appropriate registration process and documentation requirements.

We can also advise on related matters such as:

• Business structure
• Tax registration
• Compliance requirements
• Accounting setup
• eTIMS onboarding
• Payroll setup
• Financial record-keeping

Tax Compliance FAQs

What tax services do you provide?

Our tax services include professional support relating to:

• VAT
• Corporate Income Tax
• PAYE
• Withholding Tax
• Turnover Tax
• Capital Gains Tax
• Tax planning
• Tax compliance
• KRA tax matters
• eTIMS
• Tax objections and dispute support

View Tax Services →

Do you provide payroll and PAYE services?

Yes. We provide payroll and PAYE support, which may include payroll processing, PAYE calculations, statutory payroll compliance, reconciliations, and related advisory services.

Can you help if our business has outstanding tax obligations?

Yes. We can review the business’s tax position and help identify outstanding obligations, documentation requirements, and appropriate compliance steps.

The appropriate solution depends on the specific tax position and applicable KRA requirements.

Request a Tax Compliance Review →

Audit & Assurance FAQs

Do you provide audit services?

We provide audit and assurance-related professional services, subject to the applicable engagement requirements and professional standards.

Our services may include:

• External audit
• Internal audit
• Compliance reviews
• Financial reviews
• Due diligence
• Internal control reviews

Why does my business need proper accounting records?

Proper accounting records help a business monitor its financial position, prepare appropriate reports, support tax compliance, understand cash flow, and make informed business decisions.

Working With Us

Who can engage Anthony Cons Associates Limited?

We work with businesses, organizations, and other clients requiring professional tax, accounting, audit, compliance, payroll, eTIMS, and business advisory services.

Our industry experience includes:

Healthcare • Construction • Manufacturing • NGOs • Education • Transport • Security • Retail • Hospitality • SACCOs • Real Estate • Professional Services • Agriculture • Technology

How do I book a consultation?

You can contact ANTHONY CONS ASSOCIATES LIMITED through the contact details provided on our website.

You can also use our Book a Consultation form to provide basic information about your requirements so that our team can understand how best to assist you.

Book a Consultation →

Is my financial information confidential?

We recognize the confidential nature of financial, tax, accounting, and business information and handle client information in accordance with applicable professional and legal requirements.

Still Have Questions?

Every business has different tax, accounting, and compliance requirements.

If you cannot find the answer to your question above, speak with our professional team.

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