Bonie Wa Dk

Bookkeeping | Accountant | Tax Expert | Big Data & Accounting System Guru. Passionate about numbers, accuracy, and financial insights. Let's balance your books

[Bonie Wa Dk @mutuma16]

@WehliyeMohamed As expert in the Field its simple just link retained earnings to specific projects eg Capex, debt's....

[Bonie Wa Dk @mutuma16]

@WashiraX @KRACorporate Copy your password, then open the three dots in Google Chrome. Click on “Find and edit,” then paste your password.

[Bonie Wa Dk @mutuma16]

@WashiraX @KRACorporate Will do a short video and post

[Bonie Wa Dk @mutuma16]

KRA Update on Tax Losses

1. Pre-2020 losses → no longer deductible
2. 2020–Jun 2025 losses → still valid
3. Post-July 2025 losses → capped at 5 yrs

Businesses should review loss schedules & adjust tax planning

[Bonie Wa Dk @mutuma16]

Lesson: Unexplained deposits = taxable unless proven otherwise. Businesses must keep strong documentation (shareholder resolutions, loan agreements, invoices)

[Bonie Wa Dk @mutuma16]

KRA Win: Why Your Bank Deposits Could Land You a Tax Bill Kirin Pipes Case

[Bonie Wa Dk @mutuma16]

KRA audited Kirin (2019–22) and treated all undeclared deposits as taxable sales. Assessment:
1. KSh 34.3M Corporate Tax
2. KSh 22.7M VAT
After objection: confirmed at KSh 21.6M.

[Bonie Wa Dk @mutuma16]

@MrBossMan90 @mutuma16

[Bonie Wa Dk @mutuma16]

@MrBossMan90 Follow @mutuma16 for follow back

[Bonie Wa Dk @mutuma16]

Reconciling your bank statements monthly is crucial for catching errors and avoiding discrepancies. It’s a small step that can save you big headaches later. #Bookkeeping #FinancialTips

[Bonie Wa Dk @mutuma16]

@amooh001 @mutuma16

[Bonie Wa Dk @mutuma16]

@dansilly_ke @mutuma16

[Bonie Wa Dk @mutuma16]

@kilundeezy @mutuma16

[Bonie Wa Dk @mutuma16]

@amooh001 @mutuma16

[Bonie Wa Dk @mutuma16]

@Fra_nk001 @mutuma16