Our Services
Zero-tolerance policy regarding mediocre work.
Preflex provides a wide range of services which include: company setup, accounting, tax, audit and human resources. We like to ensure that our team is both qualified and experienced to guarantee impressive provision of these services keeping quality and timeliness in mind. At Preflex, we move fast and work hard to ensure that all our clients are happy and satisfied. We work with our clients on a one on one basis to guarantee transparency and to get the job done well according to their specifications.
Accounting
Book-keeping / Payroll / Accounting Review
Book Keeping and Payroll
We literally keep clients’ books by collecting receipts, returns, sales invoices etc. We then organize these documents by type and month or as preferred by our individual clients. These documents are then numbered and filed in a neat fashion and returned to clients in good shape.We prepare books of accounts for your company from the data from these documents and submit monthly returns such as NSSF, NHIF, PAYE and levies on behalf of our clients together with any other statutory payments. Management accounts are also prepared on a monthly basis for our clients. Under Payroll services, we basically prepare a working and comprehensive payroll for your company inclusive of statutory deductions and benefits; and assist with compliance checks and audits by KRA.
Accounting Review
After having received data from our clients, we enter and manipulate it using state-of-the-art accounting software to come up with monthly and annual reports for our clients such as balance sheets and profit and loss statements. We then assist our clients to understand and interpret these reports and their books of accounts if required.
KRAis the revenue collection body in Kenya and is responsible for the collection of taxes. The tax system in Kenya comprises of individual income tax, corporate tax and tax on goods and services, levies, customs and duties among others. These taxes are expected to be submitted on a monthly basis by payment to KRA or are withheld and submitted to KRA. At Preflex we believe in timely tax compliance to avoid attracting non-compliance and late payment penalties that could cost a business a fortune in the long run. At the same time, we are keen on assisting our clients in planning their remittances prior to submission so that if possible, the amount of tax payable can be reduced. We do this by:
Registering your company and your employees with KRA for remittance of tax returns
Providing advisory on tax exemptions, incentives and allowances
Filing of all tax returns on your company’s behalf on time every month
Preparing your company for KRA compliance checks
Tax
Registration / Advisory / Filing / Compliance
Audit
Preparation / Risk Analysis
Audit of accounts is essential as they provide your company’s management with very important insight on the business. There is a strong link between financial evidence provided to stakeholders of a business and its overall performance; and this financial information is obtained through audits. Under this service branch, we offer:
Preparing your company for statutory audits per period according to International Financial Reporting Standards (IFRS)
Business risk analysis
Recommending solutions for problem areas that need improvement
Forensic audit
As your business grows, you are bound to face challenges when it comes to your company’s HR needs. To add value to your growing business we help firms stay on top with the best HR practices.
Our Human Resource practice helps organizations define, structure and realize their Human Resource management strategy by focusing on the development and delivering of services that target their most important assets – employee.
We offer value adding services including job analysis and evaluation, recruitment, policy development, restructuring and talent management.
Human Resource
Job Evaluation / Recruitment / Policy Development / Restructuring and Talent Management
Budgeting
Preparation / Management
Small and medium enterprises have for many of occasions have difficulties in managing their books. While it is prudent to keep costs low, it is equally wise to have your set of accounts done in time meeting the regulatory requirements like those of Kenya Revenue Authority, NSSF, NHIF etc and for self-assessment in terms of growth for entity and management.
When such reports are available, it is easy to apply for tenders (government and other big corporations), reporting to management or investors seeking bank loans etc. While a proprietor, investor is looking for the sales or increasing its growth Preflex Consulting ensures that your books and records are covered.
Our core purpose is to help you start by setting up your accounts and ensure that you comply with regulatory bodies and keep your costs minimal and grow with you.