The Kenyan housing market offers a wealth of opportunities for property investors. Rental income provides a steady stream of income and can be a significant contributor to your financial portfolio. However, navigating the legalities and tax implications of rental income can be complex. That’s where Hirmoge Accountancy comes in. As your trusted financial partner, we’re […]
What is VAT? VAT is an indirect tax levied on the incremental value added to goods and services at each stage of production and distribution. In Kenya, VAT is charged at a standard rate of 16%. Consumers ultimately bear the burden of VAT, embedded in the final price they pay. Who Needs to Register for […]
Tax season can be a stressful time, especially if you discover you owe penalties alongside your tax dues. In Kenya, the Kenya Revenue Authority (KRA) imposes penalties for late filing, late payment, and errors in tax returns. But fear not, Kenyan taxpayers! Hirmoge Accountancy is here to guide you through the complexities of tax penalty […]
Kenya’s business landscape is a dynamic and ever-evolving ecosystem. From the rise of tech startups to the increasing focus on entrepreneurship, the way businesses operate is constantly changing. In this dynamic environment, a trusted advisor becomes more than just a number cruncher; they become a strategic partner propelling businesses forward. This is where Hirmoge Accountancy […]
Why Partner with Tax Advisors for Your Partnership?Tax regulations for partnerships in Kenya can be complex. Trying to decipher them yourself can be time-consuming and lead to costly mistakes. Here’s how dedicated tax advisors can benefit your partnership: Optimizing Tax Strategies: They can analyze your partnership’s financial structure and develop a tax-minimization strategy that leverages […]
Mergers and acquisitions (M&A) represent a strategic maneuver for businesses seeking growth, expansion, or market consolidation. However, navigating the intricate world of M&A transactions extends beyond the initial negotiation and deal structuring. A crucial aspect often overlooked is the complex web of tax implications that arise from such transactions. Here at Hirmoge Accountancy, we understand […]
What is Equity Financing? Equity financing involves selling a portion of ownership (equity) in your company to investors in exchange for capital. These investors, known as shareholders, become part owners of the business and share in its future profits (dividends) and potential growth (increased share value). Pros of Equity Financing in Kenya Cons of Equity […]
In today’s competitive Kenyan business landscape, streamlining operations and maximizing resources are crucial for success. Outsourcing accounting services has become an increasingly popular option for businesses of all sizes. But is it the right choice for you? Here at Hirmoge Accountancy, we understand the complexities of Kenyan businesses and can guide you through this important […]
Building Your Financial Fortress: Effective Cash Reserve Management Strategies in Kenya In today’s dynamic Kenyan economy, financial stability is paramount. Unexpected expenses, economic downturns, and even personal emergencies can quickly disrupt your financial well-being. Here’s where maintaining healthy cash reserves becomes crucial. This blog, brought to you by Hirmoge Accountancy, explores effective strategies for managing […]
The Trusted Advisor: How Kenyan Businesses Can Leverage CPAs for GrowthIn the dynamic Kenyan business landscape, navigating financial complexities and making strategic decisions is crucial for success. This is where Certified Public Accountants (CPAs) step in, evolving from number-crunchers to trusted advisors. Their expertise goes beyond traditional accounting, offering a comprehensive suite of business advisory […]
