3 tax compliance checks that can change how you run your business this quarter.
Small mismatches in your books can turn into tax problems.
Here are the three checks you can do:
- Compare your books with eTIMS.
Check your sales and expenses against eTIMS records.
If your books say one thing but eTIMS says another, expect questions.
- Check your suppliers.
Your supplier's eTIMS compliance can affect your expense claim.
Make sure invoices are properly transmitted with your business PIN.
- Reconcile PAYE.
Don't just file and pay.
Match your PAYE returns against payroll, your financial statements and actual statutory payments.
A small mismatch can raise a flag.
Tax compliance isn't just about filing returns.
It's about making sure the numbers agree across the systems KRA can see.
0
0
0