Have you registered your small business in Kenya? If yes, you probably have a PIN (Private Identification Number) for your company if it is registered as a limited company. However, if you have registered it as a partnership or sole
While 2022 is behind us; we are still in the season of closing the accounting year and paying taxes. For any business, concluding a fiscal year helps prepare for the beginning of the next one by evaluating company transactions and
Many people want to start businesses. Some people like to start a business because they want to earn more money or dislike their current job. Whatever your reason for starting a small business, the key to winning is taking action.
The tax season is upon us, and you know what that means! A lot of headaches trying to figure out how much you owe the taxman (KRA in our case) and whether there is a way you can reduce that
Does your small business have employees? Are you deducting the necessary statutory deductions whenever you are processing their salaries? A statutory payroll deduction is a mandatory amount of money the law requires employers to take from an employee's salary for tax
As we progress into the new year, have you done stock-taking for your small business? As long as your business has inventory, stock-taking becomes a necessity for better accounting, financial planning, and management. Unfortunately, stock-taking is a tedious process but crucial
Accrual and cash basis are accounting methods of recording transactions. The time of recording these transactions is what differentiates the two methods. The biggest question, though, is which of these methods is ideal for your small business? Let’s find out. Cash Basis
Last updated 31/01/2024 Let's talk about how to write a financial plan for your small business. Many business owners often ignore the most important aspects of managing their business's finances. And that includes creating a financial plan. Here's a question for you:
The accounting cycle, also referred to as the accounting process of the bookkeeping cycle, is a bookkeeping process that involves converting your business’s raw data into financial statements for a particular period. When you talk about the accounting cycle for your
Have you prepared your business for Black Friday sales? I am sure you have already noticed the vast array of offers from all sorts of businesses and items, from electronics and home appliances to fashion items and skincare products. The