Effective tax planning can save your business thousands and reduce compliance risks. Here’s how to optimize your strategy:
1. Track All Deductibles
Whether you're in Kigali or Nairobi, keep a clear record of deductible expenses like travel, software, and employee benefits.
2. Choose the Right Tax Structure
Are you registered as a sole proprietor, LLC, or partnership? The wrong structure could be costing you.
3. Take Advantage of Tax Holidays
Rwanda and Kenya offer incentives for new industries. Don't miss out.
4. Automate Your Tax Records
Use cloud tools like QuickBooks or Xero. You’ll save time and avoid year-end scrambling.
5. Consult Early
Talk to a tax expert like Imeka early in the year. We tailor strategies to your industry and country laws.
Need help optimizing your taxes? Contact us today!
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