The Cabinet has approved a Ksh.4.7 trillion budget for the 2026/27 financial year, surpassing the current fiscal year by Ksh.100 billion. In a Cabinet dispatch on Tuesday, the government set a revenue target of Ksh.3.53
The introduction of automated payment plans by the Kenya Revenue Authority represents a pragmatic approach to balancing enforcement with economic realities. Recognising that many businesses face cash-flow constraints, KRA now allows eligible taxpayers to settle
Kenya’s repeated failure to meet projected revenue targets has intensified pressure on tax administration to improve collections. Rather than introducing sweeping new taxes, authorities have increasingly focused on tightening enforcement, expanding audits, and leveraging technology
The ongoing collaboration between KRA and the Kenya Private Sector Alliance (KEPSA) highlights a recognition that effective tax policy requires private sector input. In 2026, this engagement focuses on balancing enforcement with economic growth, particularly
KRA’s adoption of advanced analytics and artificial intelligence has transformed how tax compliance is monitored and enforced in Kenya. By integrating data from eTIMS, banks, employers, customs, and government agencies, the Authority now conducts near-real-time
Economic pressure often leads to increased fraud risk. Forensic accounting helps detect irregularities, protect assets, and support legal proceedings.
Valuation services are increasingly requested for fundraising, mergers, succession planning, and dispute resolution. Accurate valuations support informed decision-making and negotiations.
Access to credit remains constrained for many businesses. Effective cash-flow forecasting, budgeting, and cost control are critical for operational stability. Finance professionals play a key role in helping businesses remain solvent and agile.
Payroll errors remain a leading cause of tax penalties. With stricter enforcement on PAYE, NSSF, and SHIF contributions, employers must ensure timely deductions, remittances, and reconciliations. Outsourced payroll services help minimize errors while ensuring compliance
Banks, investors, and regulators increasingly demand high-quality, IFRS-compliant financial statements. Poor reporting can delay financing, trigger audits, or damage credibility. Professional preparation and review of financial statements ensure accuracy, transparency, and readiness for stakeholder scrutiny.
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info@wycliffemajengo.com
+254 702 966 928
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