Filing taxes can be cumbersome, especially if you don’t have in-depth knowledge of how tax systems work. Further, attempting to handle tax regulations without the help of a tax specialist can be risky because it can expose you to KRA collection actions. In addition, poor tax planning, such as late tax filing or failure to comply with tax rules, can hurt your business. You incur extra business costs such as paying penalties and fines. Hiring a tax consultant is an excellent way of solving these tax matters.
Here at Meclon Tax & Consultancy, we offer the following services to help you keep your tax records clean.
Services offered at Meclon Tax & Consultancy
Here are the services we offer at Meclon Tax & Consultancy.
- Tax consultation
Taxes directly impact your business, and failing to comply with local tax regulations can attract fines and penalties. Many aspects of tax planning seem simple but confusing at the same time. Our tax consultant helps you understand taxes deductions, exemptions, and savings. We also provide your advice on bad expenditures and what you should avoid. Tax consultants are also aware of all the tax rules they need to follow and mistakes you can make during filing. For this reason, hiring Meclon Tax will let you know what to do and what not to do. In addition, we can assist you in adequately compiling and filing your taxes to avoid fines.
- Bookkeeping services
How often have you been told you need bookkeeping services in the months or years since you first became a business owner? A bookkeeping service offer entails developing and maintaining your company’s overall financial processes and management. It helps an organization implement and maintain a consistent financial process that strengthens your company’s financial health. It encourages accountability in tracking, paying, and tracking your organization’s finances. Hence, it keeps your financial records in order, and you don’t experience any difficulty filing for taxes.
- Internal Audit
An internal audit is vital to keep your business’s financial transparency and comply with tax laws. It helps your business reveals gaps in reporting, controls, compliance, and risk management. So, it enables you to improve your processes to ensure efficiency. Besides, it ensures that your business complies with local tax laws and regulations. It also ensures external audits run at a lower cost, allowing you to cut costs. Assigning these tasks to Meclon Tax helps you save on time. In addition, knowing a professional is handling your audit matters gives you a sense of security.
- Payroll accounting
Payroll accounting is a system of tracking business expenses related to payroll. This includes individual employee compensation payroll taxes, employee benefit payments, and other deductions. Having a payment accounting system helps to track your payroll expenses. In addition, it enables you to comply with employment laws and local tax laws and regulations. Without payroll accounting, you can’t get an accurate view of the total cost of your employees. Assigning these tasks to Meclon tax helps record your employees’ incremental costs, which is essential when calculating taxes.
- Secretarial Services
In the current corporate world, secretarial services have been given a new perspective. It is not just the obvious duties like filing and corresponding, but also compliance with statutory and legal laws and regulations. These are the primary issues that form just the basic foundation of your company. Failure to adhere to local company laws and regulations can land you in a problem. Meclon Tax &Consultancy is here to help you avoid such legal tussles. We will handle your company registrations, file your annual returns, process CR12, director resignation, and company winding-up and de-registration.
- Online Marketing
In the current world, consumers are likely to research their purchases online before buying. As a supplier, you need to establish your business online and tap into the unending customer needs. But how are you going to achieve this? The answer is simple: you need online marketing also called internet or digital marketing. It is the art and the science of selling products and services over the internet. Our consultancy will help you find marketing strategies that appeal to your audience and translate into sales. In addition, our research team will help you with analysis and measure the success of those strategies.
There is no question you need a quality tax consultant for your business or individual tax matters. Besides tax, they help you with other accounting matters such as audit, secretarial services, online marketing, bookkeeping, and payroll accounting. So it would be best if you found a qualified tax consultancy who has worked in your industry before because they have the experience and knowledge needed to handle the job. Here at Meclon Tax & Consultancy, we are ready to help your business grow and improve.
