HSW 2023 TRAINING CALENDAR

Dear Clients,

We are very grateful for your support throughout the years. Our highly experienced trainers are here to offer you the Best service.

Kindly download our training calendar from this link:  HSW 2023 training calendar-1

Your partnership with us is highly appreciated.

FARE THEE WELL CPA PATRICK THEURI NDEGWA

A leader, mentor, friend, and a father to many.
You have left a void in Henry Smith & Wilson CPA, that can’t be filled. We however thank God for the time that you were a part of us.
The memories will be treasured till we meet again.
Shine on…

TOP NOTCH TRAINING BY HENRY SMITH & WILSON CPA

Thank you for trusting in us.

  

2ND HALF YEAR(JULY-DECEMBER) 2022 TRAINING CALENDAR

We appreciate all our clients for supporting us through the first half of the year 2022. It was great sharing knowledge with you all.

Our calendar for the remaining part of the year is out, and we have put into consideration all your ideas and suggestions, to make the experience better for you.

You can download via this link: HSW 2nd-half year 2022 training calendar

Feel free to consult us for any advice, suggestion, or clarification.

As usual, we are always here to Turn your Vison into Value.

WELCOME TO OUR NAKURU OFFICE

Our Nakuru Office is officially open. We promise to ”TURN YOUR VISION INTO VALUE”

LOCATION:

Inder Singh Building, 2nd floor Left wing

Kenyatta Avenue, Inder singh Road

P. O Box 9937 – 00100 Nairobi

Phone numbers: 0202104874 | 0743758686 | 0735240888

Corporate Training No.: 0743767882

Email: info.nakuru@henrysmithwilson.co.ke

TAX DUE DATES

Have you already marked your Tax Due Dates?
Don’t you worry, Henry Smith & Wilson CPA got your back..

The pdf link below:

TAX DUE DATES

 

#YourAccountingPartner
#HSWCPA #tax

Henry Smith & Wilson CPA 2022 Corporate Training Calendar


You are welcome to enhance your skills with us.

At Henry Smith Wilson CPA, we Turn your Vision into Value.

Download via the link below:

HSW Training Calendar-compressed

POSITION OF VAT ON SACCO BUSINESS IN KENYA

POSITION OF VAT ON SACCO BUSINESS IN KENYA

Savings and Credit co-operative societies (SACCOS) are classified as “financial services providers” and therefore placed in the category of Tax Exempt services under part two of the first schedule of VAT Act 2013. Being tax exempt implies that SACCO’s are NOT entitled to claim inputs as per the applicable Law.

Legal Status/Definition:

A savings and credit co-operative society is an incorporated body whose core business is to accumulate savings from members and use the same to lend to its members at a reasonable interest rate for purposes of economic empowerment of its members. A Sacco is required to ensure that it does not diversify to other business operations which are considered non-core and therefore taxed heavily.

 Diversification

Saccos have today grown and diversified into other non-core business. For example, many Saccos have constructed their own buildings for purposes of hosting their offices and serving members better. The excess capacity in such buildings is rented out to tenants. The rental income earned will therefore attract commercial VAT and the Sacco will be required by Law to incorporate VAT obligation in the PIN so as to account and declare the VAT on that portion of income.  In such circumstances the Sacco will be required to apportion expenses based of office floor occupied while claiming input VAT to offset with output VAT. KRA will only accept inputs that are wholly and exclusively/directly incurred on the rented property.

VAT on Imported Services

Where a Sacco imports a service such as Software, consultancy etc., The Law requires that the VAT there in be fully declared and paid to KRA. This is irrespective of whether the Sacco is registered for VAT or not

Where a Sacco is Appointed VAT Withholding Agent by KRA

There are instances where Saccos are appointed Tax Withholding Agents by KRA and required to remit VAT deducted at source within the prescribed rates. In this case the Sacco is required to comply and ensure that VAT is withheld on each payment made for goods and services as prescribed in Law

Claiming of VAT Inputs

VAT inputs are only claimable where a tax payer is offering Zero rated services. Zero rated services are as prescribed in the second schedule of VAT Act 2013.

 

Author:

CPA Patrick Theuri

Partner, Henry Smith & Wilson CPA

 

For more on this, contact Henry Smith & Wilson CPA via: info@henrysmithwilson.co.ke or call us on 020 2104874.

 

Digital Marketing Skills; 2nd cohort Training

Much appreciation to those who registered for Digital marketing first cohort training that was held on 6th Nov 2021.
2nd cohort training date is set for the 4th of December, 2021.
Book your slot NOW, if you are looking into making more sales online , starting a business/side hustle, self employment by joining the freelance online market, and other great ideas that starts with this Digital Marketing course.

Investment: The cost of this program per participant is KES 1000 inclusive of course facilitation, and participation certificates.

Since the slots are limited, your earliest confirmation of attendance will be greatly appreciated.

Please do so by downloading the registration form available at:

TAX EDUCATION & UPDATES WEBINAR

Emerging issues in taxation Webinar Coming up. We will be discussing all the ‘Hot’ and contentious issues on tax matters.
You better come and Learn, before you start ‘Running’ when caught on the wrong side of the law!
Date: 25th November, 2021
Time: 9am-1pm
Registration ongoing at:
Investment: Ksh5,000
Payment mode:
Paybill No: 4077519 – HENRY SMITH & WILSON
Account number: Your Name (For example: Samson Wafula Odinga)
Zoom login credentials to be sent after the payment.
Book NOW, as the slots are Limited!