Insights

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OPINION ON THE FINANCE BILL 2024

The government through Budget Policy Statement 2024/25 intends to collect taxes amounting to KES 3.354 trillion, made up of ordinary revenues of KES 2.913 trillion and appropriations-in- aid of KES 441 billion. It is evident that the citizens...

As anyone in business can certify, money and its use can either break or make your business.  There are various financial statements that businesses produce such as cash flow statement, balance sheet and income statement. These financial statements...

As a way of fostering economic development and growth, the government requires sustainable sources of funding for public investment and social programs.  The various programs that offer infrastructure, health, and education are very essential in achieving common goals...

The primary goal of a business is to get profit. However, to keep track of your business profitability, you need a profit and loss account(P&L). The profit and loss account is among the three fundamental financial statements of...

The balance sheet is one of the key fundamental financial statement of a company. It’s a financial statement that helps analysts and stakeholders in evaluating the financial status of a business and its ability to paying for operational...

As a sincere citizen of your country, it is your obligation to pay your taxes.  Throughout your life, there are many taxes that you ought to pay and this includes VAT, progressive tax, consumption tax, property tax and...