Best Tax Consultants in Kenya| How To Choose The Best

Finding a good tax consultant is one of the best decisions you can make as an entrepreneur to protect your wealth. A good consultant can help your business save millions of shillings over the years.

What to look for when choosing the best tax consultants in Kenya

Unlike most businesses that only talk to a tax consultant once or twice a year, a great tax consultant should have consistent meetings with clients to discuss goals and strategies.

Find someone passionate

When it comes to tax professionals, CPAs (Certified Public Accountants) are always the best. As a business owner, you should use these CPA professionals because they are the most passionate and knowledgeable. You can sense their passion just from talking to them when it comes to solving business problems.

Be it low sales, cash shortages, or even turning losses into profits, there is always something to solve, making the business exciting and diverse.

Education and experience

For you to be a good tax consultant, basic training won’t cut it. Your papers should be able to speak for you. A tax consultant’s education qualifications can make a huge difference when it comes to saving taxes long term.

In most cases, you will find that the best CPAs graduated at the top of their class from the best accounting schools and have worked in the top Accounting firms in the region.

Completing a CPA course and being registered as a member of ICPAK are some of the qualifications needed for all tax consultants in Kenya. As a business owner, check if your consultant has the necessary qualifications before hiring them.

Find a CPA with creative thinking.

There is more to creativity than just painting a picture or composing a song. Someone who thinks creatively finds it easier to adapt and develop new and better ways of doing things.

The right accountant finds innovative and legal ways to save money for you as the taxpayer. They will spend time with you developing ultimate strategies to create lasting tax savings, unlike the inexperienced accountants who will recommend you postpone your taxes and pre-pay your expenses at the end of the business year through KRA.

Hire a tax consultant who asks questions

Look for a tax consultant who asks many questions about your business goals and long-term financial dreams. When conducting interviews and realize you are asking all the questions, consider that as the first red flag.

The only thing that will lead to significant tax savings for your business is an in-depth diagnosis by your tax consultant.

Consider the Services offered

Whether providing external tax consultation services or providing internal tax consulting services for a single business, a great tax consultant should be a business consultant first and a tax consultant second.

This does not make anyone with a great business mind but minimal tax knowledge a great tax consultant.

A great accountant has both the education and experience in tax-related issues to make important judgments and recommendations for your business and should be able to do this while maintaining the company goals as a whole, not just matters concerning taxes.

Look for long-term gains.

Death and taxes are inevitable, but you can pay less and live longer with a good tax consultant. If you can save millions over a certain period, then it is worth every penny to invest in an excellent tax consultant.

Don’t think about how much your tax consultant will charge you, instead think about how much your tax consultant will save you.

The aims of the Tax Consultant to your business

Before signing the papers, ask the CPA what they aim to achieve with your business. Competent and caring tax consultants should provide you with clear information that offers your business insights into the outcome of tax preparation, such as payment due or a refund.

Some of the crucial and measurable areas within the tax function that, when achieved, provide the best circumstances for your business include maintaining compliance, minimizing liabilities, maximizing savings, and mitigating costs.

Wrap up

Choosing the best tax consultants in Kenya is one of the best decisions you will make as an individual or business owner. It saves your taxes, gives you peace of mind, and frees time for you to work on other aspects of your business.

Here at Taxmart Kenya, we educate our clients on what the tax law means and how it allows much flexibility on how you own and structure transactions for your business. Talk to us for flexible, cost-effective, comprehensive services in

Best Tax Consultants in Kenya | A Review of What To Look For Before Committing Your Money