The effects of non-compliance to taxation and statutory regulations on company financial performance

This research was undertaken to investigate the effects of non-compliance to taxation and statutory regulations on financial performance of Jimat Development consultants. The management report (2017) of Jimat indicated a sharp decrease in profits which was triggered by a rise in costs associated wit...

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Main Author: Mugodhi, Juliet
Format: Thesis
Language:English
Published: Midlands State University 2020
Subjects:
Online Access:http://hdl.handle.net/11408/3884
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author Mugodhi, Juliet
author_facet Mugodhi, Juliet
author_sort Mugodhi, Juliet
collection DSpace
description This research was undertaken to investigate the effects of non-compliance to taxation and statutory regulations on financial performance of Jimat Development consultants. The management report (2017) of Jimat indicated a sharp decrease in profits which was triggered by a rise in costs associated with non-compliance to taxation and statutory regulations. Literature from different sources was reviewed to find out the reasons behind non-compliance, effects of non-compliance on the financial performance of the firm and measures which can be adapted in order to curb non-compliance within the firm. In conducting the study, the researcher used the mixed approach. Questionnaires and interviews were conducted in order to come up with data for addressing the research questions. Data presentation and analysis showed the factors which influence non-compliance, the effects of non-compliance on financial performance and identified the ways which can be implemented in order to curb non-compliance within the firm. The researcher concluded that in order for the company to be compliant so that it can be granted a tax clearance on time and be able to bid for more tenders, the company needs to educate it’s employees on taxation and statutory rules, engage tax consultants and more so to practise proper financial resource management within the company.
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spelling ir-11408-38842022-06-27T13:49:04Z The effects of non-compliance to taxation and statutory regulations on company financial performance Mugodhi, Juliet non-compliance to taxation statutory regulations company financial performance This research was undertaken to investigate the effects of non-compliance to taxation and statutory regulations on financial performance of Jimat Development consultants. The management report (2017) of Jimat indicated a sharp decrease in profits which was triggered by a rise in costs associated with non-compliance to taxation and statutory regulations. Literature from different sources was reviewed to find out the reasons behind non-compliance, effects of non-compliance on the financial performance of the firm and measures which can be adapted in order to curb non-compliance within the firm. In conducting the study, the researcher used the mixed approach. Questionnaires and interviews were conducted in order to come up with data for addressing the research questions. Data presentation and analysis showed the factors which influence non-compliance, the effects of non-compliance on financial performance and identified the ways which can be implemented in order to curb non-compliance within the firm. The researcher concluded that in order for the company to be compliant so that it can be granted a tax clearance on time and be able to bid for more tenders, the company needs to educate it’s employees on taxation and statutory rules, engage tax consultants and more so to practise proper financial resource management within the company. 2020-11-17T13:56:15Z 2020-11-17T13:56:15Z 2018 Thesis http://hdl.handle.net/11408/3884 en open Midlands State University
spellingShingle non-compliance to taxation
statutory regulations
company financial performance
Mugodhi, Juliet
The effects of non-compliance to taxation and statutory regulations on company financial performance
title The effects of non-compliance to taxation and statutory regulations on company financial performance
title_full The effects of non-compliance to taxation and statutory regulations on company financial performance
title_fullStr The effects of non-compliance to taxation and statutory regulations on company financial performance
title_full_unstemmed The effects of non-compliance to taxation and statutory regulations on company financial performance
title_short The effects of non-compliance to taxation and statutory regulations on company financial performance
title_sort effects of non-compliance to taxation and statutory regulations on company financial performance
topic non-compliance to taxation
statutory regulations
company financial performance
url http://hdl.handle.net/11408/3884
work_keys_str_mv AT mugodhijuliet theeffectsofnoncompliancetotaxationandstatutoryregulationsoncompanyfinancialperformance
AT mugodhijuliet effectsofnoncompliancetotaxationandstatutoryregulationsoncompanyfinancialperformance