Ndekei

There's a fine line between genius and crazy; I like to use that line as a jump rope

[Ndekei @phillistique]

The only difference between TRY and TRIUMPH is just a little bit of UMPH!!

[CPA Wachira Joseph @WashiraX]

KRA has gained another weapon.

One that will make serial nil return filers hesitate before clicking that NIL button.

Last month, this tax dispute left many ears tingling.

There is a restaurant called Avery Lounge.

I have no clue how they mastered it, but they cook the finest fish in Utawala.

Just next to Banta. My friend Kasimu recently took me there.

The place also offers the most spectacular rooftop view of Embakasi.

But there was one small problem.

- Despite all that poshness, Avery Lounge kept filing nil tax returns.

KRA became curious.

So they sent their spies.

The spies returned with a disturbing report:

- Bosi, the place is full. People are eating life like tomorrow has been cancelled.

KRA was enraged.

- How could such a big restaurant keep declaring zero income?

So KRA went straight for their bank accounts.

And what did they find?

- Millions flowing in.

At that point KRA lost its remaining patience.

They demanded for:

- financial statements
- purchase & expense records
- explanations for the deposits

But Avery provided none of them.

KRA became even more dramatic.

- They totaled all the bank deposits for the year.

- Baptized them as income.

- Then applied 30% income tax on the entire amount.

And sent Avery a tax demand of ksh 93 million.

Avery ran to court.

- They argued that some of the deposits were loans.
- And that KRA had not factored in real expenditures like purchases & Wages

But there was a small problem.

- They had no loan agreements.
- No documentation for expenses.
- Nothing.

The court looked at the situation and said:

- Since the taxpayer refused to provide records, KRA had no choice but to treat the bank deposits as income.

And with that, the court told Avery:

- Pay the 93 million tax bill.

Case closed.

So what is the lesson here for you?

If you have money flowing through your bank accounts, and you cannot explain the source,

KRA will simply decide:

- All deposits = income.
- And tax those deposits.

Therefore:

- Be careful with nil returns.
- Keep records. In tax matters, records are king.

[Keemenao 🇧🇼 @LekimDiamond]

I have zero interest in petty issues, ask my twin girls😂

[Nancy Kacungira @kacungira]

Benin is reclaiming its history: this 30m statue, just unveiled in Cotonou celebrates the warrior women of the ancient kingdom of Dahomey, the only documented female army in modern history.

[PUNS @ThePunnyWorld]

My boss told me that as a security guard, it's my job to watch the office.

I'm on season 6 but I'm not really sure what it's got to do with security.

[Ndekei @phillistique]

@SokoAnalyst The 1930 on steroids

[Ndekei @phillistique]

@XXL Neyo's 'When you mad' intro 😂😂

[🎰 @SRTerrio_]

When you try to Shazam in public but the song ends

[Ndekei @phillistique]

August's Monday came first 😎

[Ndekei @phillistique]

All of my 16s fire

[Ndekei @phillistique]

Daaamn Monskii!!!! 🔥🔥🔥💯💯🙌🙌🙌 #JohnCena @hailmonski @HHC_Live @djandie254 @justrubyv

[Ndekei @phillistique]

@HHC_Live @HomeboyzRadio @justrubyv @djandie254 No caap!!! Pinning location county 035 reppin and vyb is riiight no doubt! @hailmonski and @Hi_Renaissance hats off! @djandie254 @justrubyv

[billionaire_secrets @billionaire_key]

Don’t take life for granted. You have been given a precious life. To be alive is to experience magical gift of life. Make every minute count.

[Paula White-Cain @Paula_White]

I pray you step into your new season! Let everything that is holding you back from all that God has promised be broken off you, your life, purpose, mind, family and finances! I declare divine acceleration in the name of Jesus! Recovery of all...

[Fact @Fact]

A librocubicularist is someone who reads in bed.

[Ndekei @phillistique]

🤣🤣🙌

[Sky Sports News @SkySportsNews]

Sterling took offence when he walked into the players' canteen to see a group of players - including Gomez - laughing and said to the Liverpool defender, "You think you're the big man now".

https://t.co/7bpNevy76b

[czar 🇬🇭 kwabena @Caesar000Czar]

Hope this goes viral 🙏

[Ndekei @phillistique]

@Lhorhenz_ @greenaugustus44 @eternalAyo 🤣