FAQ

Audit Services
  1. 1
    What types of audit services does Zalma and Associates offer?

    We offer a comprehensive range of audit services, including statutory audits, internal audits, compliance audits, and forensic audits. Our goal is to provide accurate and reliable financial information that helps stakeholders make informed decisions.

  2. 2
    How can an audit benefit my business?

    An audit provides assurance that your financial statements are accurate and compliant with relevant laws and regulations. It can identify areas for improvement in your financial controls and processes, enhance transparency, and build trust with stakeholders.

  3. 3
    What is the typical audit process at Zalma and Associates?

    Our audit process includes planning, risk assessment, testing of internal controls, substantive testing of financial transactions, and final reporting. We work closely with your team to ensure the audit is thorough and minimally disruptive to your operations.

  4. 4
    How do you ensure confidentiality during an audit?

    We prioritize client confidentiality by adhering to strict ethical standards and professional guidelines. All our staff are trained to handle sensitive information with the utmost discretion.

  5. 5
    What industries do you specialize in for audit services?

    We specialize in a wide range of industries, including manufacturing, finance, retail, healthcare, non-profits, and government entities. Our auditors are experienced in understanding the unique challenges and regulatory requirements of various sectors.

  6. 6
    How long does an audit typically take?

    The duration of an audit depends on the size and complexity of your business. On average, an audit can take anywhere from a few weeks to several months. We work efficiently to meet agreed timelines while ensuring a thorough examination.

  7. 7
    What are the benefits of an internal audit?

    An internal audit helps identify potential risks, ensures compliance with internal policies, and enhances operational efficiency. It provides management with valuable insights into the effectiveness of internal controls and areas for improvement.

  8. 8
    How does Zalma and Associates stay updated with changes in audit standards?

    We continuously train our auditors on the latest International Standards on Auditing (ISA) and other relevant regulations. Our firm is committed to maintaining the highest professional standards, ensuring our clients receive the most current and accurate audit services.

Tax Services
  1. 1
    What tax services does Zalma and Associates provide?

    We offer a wide range of tax services, including tax planning, compliance, advisory, and dispute resolution. We assist with corporate tax, VAT, PAYE, customs duties, and other taxes applicable in Kenya.

  2. 2
    How can our tax advisory services benefit your business?

    Our tax advisory services help you optimize your tax position, ensure compliance with local tax laws, and avoid potential penalties. We provide tailored solutions that align with your business strategy and objectives.

  3. 3
    Can you assist with tax audits and disputes?

    Yes, we have extensive experience in handling tax audits and disputes with the Kenya Revenue Authority (KRA). We provide representation, negotiation, and resolution services to ensure a favorable outcome for your business.

  4. 4
    What are the key deadlines for tax filing in Kenya?

    The key deadlines include the end of the month for VAT returns, the 9th of the following month for PAYE, and the 20th of the following month for withholding tax. Corporate income tax returns are due by the last day of the sixth month after the end of the financial year.

  5. 5
    How does Zalma and Associates handle complex tax issues?

    We have a team of experienced tax professionals who are well-versed in handling complex tax issues, such as cross-border taxation, transfer pricing, and tax implications of mergers and acquisitions. We provide clear guidance and practical solutions to address these challenges.

  6. 6
    Can you assist with tax planning for individuals?

    Yes, we offer personalized tax planning services for individuals, including high-net-worth individuals and expatriates. Our services include estate planning, income tax optimization, and compliance with Kenya's tax laws.

     

  7. 7
    What should I do if I receive a tax notice from the Kenya Revenue Authority (KRA)?

    If you receive a tax notice from KRA, it’s important to respond promptly and accurately. We can assist you in reviewing the notice, preparing a response, and negotiating with KRA to resolve any issues.

  8. 8
    How can I minimize my tax liability legally?

    We help clients minimize tax liability through effective tax planning strategies, such as taking advantage of tax incentives, deductions, and credits. We ensure that all strategies comply with Kenyan tax laws and regulations.

Advisory Services
  1. 1
    What advisory services does Zalma and Associates offer?

    Our advisory services include business strategy consulting, financial management, risk management, corporate governance, and business restructuring. We tailor our services to meet the unique needs of your organization.

  2. 2
    How can your advisory services help improve my business performance?

    Our advisory services provide actionable insights and strategies that help you achieve sustainable growth, improve operational efficiency, and enhance profitability. We work closely with you to implement these strategies effectively.

  3. 3
    Do you offer corporate governance consulting?

    Yes, we specialize in corporate governance consulting, helping organizations establish robust governance frameworks, comply with regulatory requirements, and adopt best practices in management and oversight.

  4. 4
    How do you approach business restructuring?

    Our approach to business restructuring involves a thorough analysis of your current operations, financial health, and market position. We then develop and implement a restructuring plan that addresses challenges, streamlines operations, and positions your business for long-term success.

  5. 5
    How does Zalma and Associates approach risk management?

    Our risk management services include identifying, assessing, and mitigating risks that could impact your business. We develop customized risk management frameworks that align with your business objectives and regulatory requirements.

  6. 6
    Can you help with financial modeling and forecasting?

    Yes, we offer financial modeling and forecasting services to help you make informed business decisions. Our models are tailored to your specific needs, providing accurate projections that guide strategic planning and investment decisions.

  7. 7
    How do you assist with mergers and acquisitions (M&A)?

    We provide comprehensive M&A advisory services, including due diligence, valuation, negotiation support, and post-merger integration. Our goal is to ensure that transactions are completed smoothly and that they deliver maximum value to your business.

  8. 8
    What is your approach to corporate restructuring?

    Our corporate restructuring approach involves a detailed assessment of your financial health, operational efficiency, and strategic goals. We work with you to develop a restructuring plan that addresses challenges, improves financial stability, and positions your company for future growth.

  9. 9
    How can your advisory services help with regulatory compliance?

    We assist businesses in navigating the complex regulatory environment in Kenya. Our advisory services include ensuring compliance with local laws and regulations, preparing for regulatory audits, and developing internal policies to maintain ongoing compliance.

     

    Zalma and Associates is a licensed firm in good standing with ICPAK. We offer specialized services in Audit and Assurance, Tax, and Advisory. Our experienced team, with over a decade in the field, excels in accounting, auditing, due diligence, feasibility studies, business planning, internal audits, governance, market research, and consumer surveys.

    ADDRESS

    SkyGo Building House Mombasa Road, 3rd Floor

    PHONE

    0721 790 366 | 0731 186 764

    EMAIL

    info@zalmaassociates.co.ke