The Tax Laws (Amendment) Bill 2020 changes the PAYE rates effective April 2020 to include an annual tax free allowance of Kshs 28,800.
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A short guide covering all the Income Taxes in Kenya
This article explains what VAT is what the rate of VAT is in in Kenya
A quick quide to Income Tax and Social Security taxes in Kenya
This is a step by step guide to registering a company in Kenya
Doing Business in Kenya Kenya has become one of East Africa’s most prominent economies, with a GDP of around $99.25 billion, and a growth rate of 5.7% in 2019. It is the 62nd Largest economy in the World. Built on a traditionally strong agricultural sector, and having developed rapidly in the 21st century, Kenya’s economy…
Payroll calculator Our Payroll calculators have now been updated for the new PAYE rates effective 1st January 2017. This tax change was effected by the Finance Act 2016. The changes do reduce the tax burden for low-income workers. Higher income earners will not notice a material change in the PAYE paid. Any questions, please use…
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,…
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…
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…
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. New rate is set at 6% of pensionable salary. There…
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…
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…
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 than ever.…