Why Many Businesses Will Lose Their Tax Compliance Certificates in 2026

by Auditor | Mar 19, 2026 | Tax

Few documents carry as much operational importance as a Tax Compliance Certificate (TCC). For many organizations, the certificate issued by KRA is more than a regulatory requirement, it is a critical gateway to opportunities. A valid TCC is often required when:...

What Businesses Should Start Reviewing Before the Finance Bill 2026

by Auditor | Mar 19, 2026 | Tax

Every year in Kenya, the release of the Finance Bill signals more than just tax changes. It often reveals the government’s economic priorities, fiscal pressures, and policy direction for the coming years. For businesses that pay attention early, the period before the...

Nil Returns Are Back

by Auditor | Mar 19, 2026 | Tax

But the Rules Have Changed: What Kenyan Taxpayers Must Know in 2026 For many years, filing a nil tax return has been a familiar part of Kenya’s tax compliance system. Thousands of taxpayers, particularly individuals without formal employment or business income, have...

The Era of Estimated Expenses Is Ending: How eTIMS Is Reshaping Tax Compliance in Kenya

by Auditor | Mar 17, 2026 | Aura & Company Audit Firm

In Kenya’s evolving tax landscape, one major shift is becoming increasingly clear: the longstanding practice of claiming loosely supported or “estimated” business expenses is rapidly coming to an end. The increasing enforcement of the electronic Tax Invoice Management...

What Top Firms Look for When Hiring Audit and Finance Professionals

by Auditor | Mar 9, 2026 | Aura & Company Audit Firm

As a managing partner in an audit and advisory firm, I am often asked what makes a candidate stand out when hiring for roles such as audit associates, audit seniors, accountants, or other finance professionals. Over the years, having participated in numerous...

SME Tax Compliance Health Check in Kenya

by Auditor | Mar 9, 2026 | Tax

For businesses operating in Kenya, tax compliance is more than just filing returns—it is a critical part of maintaining financial integrity and avoiding costly penalties. The Kenya Revenue Authority (KRA) requires businesses to maintain proper records, register for...

External Audit Readiness Checklist for SMEs in Kenya

by Auditor | Mar 6, 2026 | Aura & Company Audit Firm

For SMEs in Kenya, preparing for an external audit is all about ensuring that financial records, compliance documents, and internal controls are organized, complete, and accurate. Below is a comprehensive external audit readiness checklist tailored for SMEs: 1....

IFRS 20: Regulatory Assets and Regulatory Liabilities

by Auditor | Mar 6, 2026 | Aura & Company Audit Firm

What It Means for Businesses and Regulators in Kenya Global financial reporting continues to evolve as the IASB works to improve transparency and comparability in financial statements. One of the upcoming standards expected to shape reporting in regulated industries...

Strengthening Tax Compliance without Stifling SME Growth

by Auditor | Feb 26, 2026 | Aura & Company Audit Firm

In Kenya today, tax compliance is a strategic issue. With increased digitization, tighter enforcement measures, and expanding data integration by the Kenya Revenue Authority (KRA), businesses, especially SMEs, are operating in a more transparent and scrutinized tax...

Audit Quality and Governance: Lessons from Recent Auditor-General Findings

by Auditor | Feb 25, 2026 | Audit

Every year, reports issued by the Office of the Auditor-General remind the country why audit quality and governance matter. The most recent reports for financial years ending 30 June 2024 and 30 June 2025 have again highlighted recurring weaknesses in public financial...