Financial Forecasting

Financial forecasting is a key element of business planning. Many businesses are still investing based on gut-feel, but solid, sound business planning is essential to ensure success. Financial forecasting is a key element of all business plans, and if done well, will clearly set out the projected business performance from a profit perspective, but more…

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New NSSF rates update

New NSSF rates? The new National Social Security Fund (NSSF) rates per the NSSF Act No.45 come into effect from June of 2014, but soon this stalled. The matter got taken to Court and it is still in Court while we write this post. We had all our systems prepared for this rate rise, but…

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New NSSF Rates from June 2014

New NSSF Rates from June 2014 The new National Social Security Fund (NSSF) rates per the NSSF Act No.45 come into effect from June of 2014. Here are some important points to note: Saigar & Company payroll calculators have already been updated with the new NSSF rates. See here New rate is set at 6%…

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Three Tips for Smart Payroll Management

Three Tips For Smart Payroll Management: Number one: experience. Nothing replaces knowing the territory. Have a few years under your belt but still gauging the Kenyan financial landscape and wondering if your payroll practises make the grade? That’s fine – it’s where a lot of businesses are. It’s this position the leads so many businesses…

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Localized Accounting

Localized Accounting: There’s a reason that international companies source their bookkeeping to Kenyan firms. First: it implies a level of dedication and personalization in communications that businesses won’t find elsewhere. The direct access to a team with an unparalleled work ethic is appealing to companies used to dealing with monolithic institutions which grant them little…

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Why Auditing Matters

Why Auditing Matters – Growth and Challenges in Kenyan Accounting: Accounting entails a unique amount of oversight and logistical coordinating among all business practice. Likewise, it implies compliance that is specifically targeted to local, regional, and international standards. Knowledge of these represents a challenge for every business. In Kenya, today auditing standards are more refined…

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Bookkeeping in the Digital Age

Bookkeeping in The Digital Age Of all routine and core corporate financial practices, the field of accounting is most closely tied to a paper-and-ink origin. Some of the first recorded prototypical “documentation” in history and anthropology are stone and papyrus records of agricultural sales and transactions. Receipts cannot just be said to be part of…

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Forming a Business Plan:

Forming a Business Plan: The most essential fundamental element of business operations is outlined in an individualized road map with a few key elements that can mean the difference between corporate success and failure. The first element – one that we will focus on today – is universality of language and mission. This means that…

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