Mabati and company

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Services

Accounting & Bookkeeping Services

Proper accounts provide you with important financial information on the profitability and financial health of the business enterprises and thus allow you concentrate on your core functions. It provides information and data to the management to serve as guides in making decisions involving financial considerations.

Our accounting and bookkeeping team is qualified and competent to handle all your accounting and bookkeeping tasks in Kenya. We provide outsourced book keeping services to companies that do not have finance department. We are prompt, efficient, easy to deal with and are keen to details. Our approach ensures accuracy in capturing and storing of financial information.

Auditing & Assurance Services

External audit is an independent, unbiased review of business financial records. External auditors play a critical role in validating company financial information. Accounting is the primary tool for recording, reporting and analyzing financial information. Business owners can use external audits to review their accounting process and financial information.In Kenya, Mabati & Company is a Certified Public Accountants (CPA’s) firm and we provide external auditing and assurance services. Our Firm offers solutions in wide range of statutory audits and our audit team has developed a comprehensive base of knowledge to benefit our clients.

Taxation & Tax Compliance

It is said that death and taxes are the only things that are inevitable in life. Tax compliance can be extremely complex undertaking especially due to the ever-changing income tax laws in Kenya. On annual basis during the budget making process, the Minister of Finance normally comes up with fiscal and monetary measures aimed at boosting the economic growth. This includes changes in taxes and tax rates to generate revenue.

Our team of qualified Tax Experts is always prepared to help you determine the kind of tax obligation that is appropriate for your business. We’ll also work with you to prepare accurate tax returns on monthly or annual basis with a view of minimizing business risks of unforeseen tax liabilities.

Business advisory services

Our Business Advisory team is well equipped to provide the following business advisory services:

  • Budgeting, forecasting and cash flow projections.
  • Business valuations
  • Tagging and Valuation services
  • Procurement of new accounting system
  • Procurement audits
  • Design & documentation of policies and procedures manuals
  • Design & documentation of finance manual.
  • Design & documentation of employees’ hand-book
  • Business set-up and registration
  • Preparation of transfer pricing policies for corporates with foreign related parties.
  • Computation of deemed interest and management of withholding tax on interest.

Payroll Services

Payroll processing can be a complex and time-consuming endeavor for any organization. This need not be the case for any organization. When you engage with our experienced team of accountants, you will not only save money and time but shall guarantee you smooth and timely payroll processing. We will work with you on a regular basis to ensure that your business activities, records, and processes are in full compliance with all applicable regulations. At Mabati & Co., we’ll ensure that;

  • Monthly payroll reconciliations are done.
  • Monthly payroll is in compliance with the income tax legislation.
  • Processing of P9A certificates are done in time and issued to staff.
  • One of your statutory obligations as an employer is to deduct PAYE from your employees’ salaries and wages. PAYE is computed at the prevailing graduated scale rates as prescribed by the National Treasury. The resulting funds must be remitted to the Kenya Revenue Authority on or before the 9th of the following month.
  • Our professional services entail:
  • Computation of PAYE for each employee
  • Payroll Preparation
  • Submission/filing of PAYE returns on iTAX (online)
  • Generation of payment slips
  • Payment of the tax due to the KRA appointed banks on behalf of clients
  • Processing of the P9A forms

 

Value Added Tax (V.A.T) Filing Services

If you run a business, determining when goods you have supplied are subject to VAT is complex and time consuming. In addition, the Kenya Revenue Authority requires you to withhold VAT at source if appointed as VAT Withholding agent. This is charged on eligible goods supplied or services provided in Kenya and on importation of taxable goods or services into Kenya. VAT is collected by registered persons at designated points who then remitted to the KRA. To ensure that your business is VAT compliant, we’ll support you to: –

  • Submit monthly VAT returns online on iTAX.
  • Tax planning on VAT to clients
  • Submit a NIL return where no VAT to be declared.
  • Generate an E-slip that will be used to make physical payments of the tax due.

Monthly Rental Income

Processing and remitting taxes charged on rental income is not only tiresome, time consuming but it also complex. Monthly Rental Income Tax only affects residential rental income. As a landlord, you are required to pay rental income tax at a rate of 7.5% on the gross rent received and is payable when landlords receive rent from their tenants either monthly, quarterly, semi-annually or annually. Our team works with you to ensure that:

  • Your rental income received is correct and accurately computed.
  • Payment slip are generated and landlord advised on tax amount to pay.
  • Ensure that tax payments are made on or before 20th of the following month and filed online on I TAX.

 

Kenya Diaspora Tax Services

This service is geared towards helping Kenyans living and working abroad to comply with the tax provisions in Kenya. Our Diaspora tax team is will handle the following for you:

  • Ascertain the residency status of the Kenyan tax payer living outside Kenya.
  • Process Personal Identification Number (PIN) Certificates for Kenyans living abroad or re-locating to Kenya.
  • Act as tax representative in Kenya and file relevant income tax returns. The law requires any Kenyan who has a PIN, whether based in the country or abroad, to file return annually, including a nil return.
  • Account and pay taxes from taxable income earned worldwide, i.e. Investment income, rental among others.
  • Claim tax credits based on the Double Tax Agreement (DTA) treaties.
  • Encourage Kenyans living abroad to take advantage of Income Tax Amnesty. Tax amnesty is the opportunity given to taxpayers to write off an existing tax liability (including interests and fines).

Consulting & Training

At Mabati & company, we take pride in our specialty in training, which is customized to meet the specific needs of our clients. Our approach is uniquely designed to align with each organization’s strategic areas while exceeding their expectations and goals. Our team of experts works tirelessly to deliver an unparalleled training experience, which focuses on practical, hands-on training that empowers learners with the skills they need to excel in their roles.

 

We believe that our training delivery is best when it is experiential and participatory. This approach allows learners to engage in the learning process actively and interact with their peers, which enhances the overall learning experience. Our trainers employ a variety of teaching methodologies, including group discussions, role plays, case studies, simulations, and other interactive activities to keep the learning engaging and dynamic.

Our training courses are designed to be practical and applicable to the real-world work environment. We focus on developing practical skills that learners can apply immediately, even the next day at work. We ensure that our training sessions are tailored to meet the specific needs of each organization and their employees. Our team works closely with clients to ensure that our training programs align with their goals, objectives, and values.

We offer a wide range of training programs that cover various aspects of business operations. Some of our popular courses include

  • ETIMS Installation (See set up on downloads)
  • ETIMS Trainings
  • ETIMS Support on Invoice generation and administration
  • Change Management
  • Leadership Development
  • Customer Service Management
  • Sales Management
  • Financial Management
  • Corporate Governance

Our training programs are designed to be flexible and can be customized to meet the specific needs of our clients.

 

Outsourced Services

Every organization is at a different phase of the growth curve, this comes with challenges that need to be handled with utmost skill, competence, and professionalism: For stability and strategic reasons, you need a reliable accounting function to cover for sound financial management at whichever level your organization may be. This will motivate your teams and enable them to remain focused on the core business model for growth rather than on the details of the bookkeeping.

Mabati & Co. is here to provide your businesses with outsourced accounting services at a reasonable cost basis. We tailor-make simple accounting and financial solutions to meet specific needs in any organization no matter the size or level. We work on a secure platform of cloud-based software that enables you to access any information regarding your cash flow and business processes.  This gives you the control that you deserve on your finances and a competent team with experience for services on payroll, tax accounting, and other statutory obligations, bookkeeping, and supplier relations.

Whether you want to add expertise to your existing team or completely outsource your accounting and finance functions, we offer reliable and economical options, including:

  • Set up of accounting
  • Systems review and related consulting services
  • Set up of accounting systems, processes, and upgrades, from simple to complex
  • Help to establish preferred banking, legal, payroll, benefits, and HR relationships
  • Paperless online bill payment and bookkeeping
  • Financial reporting and advice for management and investors
  • Management of financial audits.
  • Management of sales and VAT.
  • Management of statutory returns includes PAYE, NHIF, NSSF, NITA, and other deductions.
  • Our Approach to Outsourced Accounting Services
  • Pay for what you need, when you need it. We customize our services to fit your business. You can outsource all your accounting needs to us, or we can complement your existing staff.
  • Fixed-fee pricing. We offer a monthly or quarterly fixed fee pricing covering a period of one year hence, your pricing will be predictable and can be managed for the whole year.
  • Access to different expertise of partners. You will have access to an array of advisory services as our partners with different expertise will be at your disposal.
  • We work to meet your business needs whether you need real-time access to information or management reports that are tailor-made to suit your needs.