Going about your iTax KRA Returns 2014 is a very easy exercise. Under sec. 52B of the income Tax Act (Not withstanding any other provisions of the Income Tax Act), every individual chargeable to tax under this Act shall for any year of income, furnish to the commissioner a return of income, including a self assessment of his tax from all sources of income, not later than 30’th June. If you do not submit the Return by this date you will be liable to a penalty at the rate of 5% of the net tax due for every period of 12 months or part thereof, minimum penalty being Ksh1, 000.
Today,Outsourcing accounting services in Kenya is not new. It has become the trending practice of small businesses that aim to grow rapidly without going through a lot of hurdles. Entrepreneurs grow their business by driving revenue into the company. Business, per se, is all about making money.
Due to this, a lot of entrepreneurs unintentionally ignore their accounting tasks that are equally crucial to the overall performance of their business. It’s either they lack the time or expertise to handle this area in their business. Because of this, entrepreneurs face a dilemma of whether outsourcing accounting services is worth their investment to simplify business processes or not.Here are three Ways Outsourcing Accounting Services in Kenya might help grow your small business.
Outsourcing Accounting Services Helps You Form Good Business Habits
I am reliably informed that the deadline for the KRA iTax Monthly Returns in Kenya has not been changed. Remember that you must do in ONLINE via the KRA iTax platform with effect from 1st August 2015.
But perhaps you are asking,what is iTax? iTax is the system that has been developed to replace the previous KRA Online system . It is a web-enabled and secure application system that provides a fully-integrated and automated solution for administration of domestic taxes in Kenya.
Why KRA iTax Monthly Returns in Kenya?
Outsourcing accounting services in Kenya is a critical objective for all business regardless of size. It helps in ensuring that there is consistency in all activities in the business. Efficiency in the accounting department is one most overlooked factor but which in the long run tends to frustrate business if not well maintained.
Set-Up for Outsourcing Accounting Services in Kenya
We begin our engagement with a set-up of accounting procedure to capture all activities within the business. This will be in line with International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS)
At this stage, we;
- Set up the accounting system that will be in use- This involves the development of a system that will provide the required management reports based on the type of firm (industry) and the unique requirements of the client.
- Develop the chart of Accounts- This involves determination of the types of accounts (output) that will be required for the business to capture all data.
- Opening of Ledgers – Here we open the general ledger and the sub-ledgers that will be required for the business in line with charts of accounts earlier developed.
- Drafting the first trial balance- This is done to capture all the asset and liabilities existing upon commencement of the engagement.
It is therefore important for you to keenly evaluate the future of your accounting department in regard to consistency, efficiency, and expertise. By hiring ACDE to deal with your accounting needs you will have made a strategic step towards success in your business. This is because your accounting department will be professionally handled by experienced professionals who are otherwise not easily available for long term involvements for SMEs. You will therefore be able to focus on strategic objectives without worrying about competence and human resource challenges in accounting. Given an opportunity, we will assure you with our outstanding expertise and effectiveness that you will no longer waste resources in hiring and training, or dealing with incompetent staff in your accounting department. CERTIFIED PUBLIC ACCOUNTANT
Or Call Daniel +254 722 281679 or Julius +254 720 991001
Or write to us through: email@example.com
Our African Centre for Digital Entrepreneurship Launch Program will support the diversification of the African economies by creating and supporting flourishing business start-ups. The program will have a range of projects, services and support to successfully and continually provide start-ups with the necessary means for the entrepreneurs to develop and grow their ideas into thriving businesses. The long term goal is to invest directly in this ventures and further incubating start-ups. We also provide internship placements with our hosted businesses and thereby contribute to economic development within the continent.
Welcome to our May 2015 intake for the African Centre for Digital Entrepreneurship Launch. This is offered by The African Centre for Digital Entrepreneurship and equips you with skills to start and manage a successful business faced by capital constraints. With a one-time fee of Kshs 75,000/= (Approx. $850), we take you through a digital entrepreneurship journey that lasts 12 weeks (60Hours). We train you on setting up the business, through market research and trend analysis. We design a business plan for your business, take care of the registration procedure, train on basic financial record keeping, etc The package also includes a fully designed and hosted website, social media platforms and an email marketing strategy for your business at no extra charges. What’s more, every entrepreneur gets into consultancy database and will enjoy free services for a whole year until their business stabilizes.
Visit www.acdigitalentrepreneurship.com to sign up for May 2015 Intake. All payments made via our Standard Chartered Bank at TRM Branch.
Call me on 0722 281679 or more details
A tutor in Kenya is an instructor who gives private lessons to students who need special attention. A tutorial is a method of transferring knowledge and may be used as a part of a learning process. More interactive and specific than a book or a lecture; a tutorial seeks to teach by example and supply the information to complete a certain task.
Nature of Tutor in Kenya
Depending on the context a tutorial can take one of many forms, ranging from a set of instructions to complete a task to an interactive problem solving session (usually in academia). When private tutoring is provided by well trained tutor, the effects can be dramatic, with students improving performance by two standard deviations.
Time and Size of attendance for tutor in Kenya
Your tutorials will normally last between 1-2 hours and will typically be in a smaller group than your regular lecture. A tutorial is usually a period of class time that builds on and goes into greater depth than the lecture. Small group discussion in universities is mostly conducted in tutorials and seminars. Tutorial attendance can vary from 1 – 5 students.
A private tutor in Kenya is a private instructor who teaches a specific subject or skill to an individual student or small group of students. Such attention ideally allows the student to improve knowledge or skills more rapidly than in a classroom setting. Tutors are often privately hired and paid by the student, the student’s family or an agency. Some are used for remedial students or others needing special attention; some provide more advanced material for exceptionally capable and highly motivated students, or in the context of homeschooling.
Tutoring can also occur when one adult helps another adult student to study a specific course or subject that he/she is taking to get a better result. The adult can also let the student work on his/her own, and can be there if the student has any questions.
Sometimes, current students act as tutors to other students. Sometimes, a classroom setting is not enough for a student to learn all of the material that they need to know in order to pass the test or to go on to harder classes. Academic tutoring from students at a higher grade level or experience in an academic setting can help to encourage and strengthen a student so that they do not fall behind.
Dear Brethren; Merry Xmas 2014 and a Happy New Year 2015
As i meditated on Psalms Chapter 137 during my morning devotion, i was amazed by how the Israelis could not stomach the teasing by Babylonians to sing them the Lords Song,,,
1 By the rivers of Babylon, there we sat down, yea, we wept, when we remembered Zion.
2 We hanged our harps upon the willows in the midst thereof.
3 For there they that carried us away captive required of us a song; and they that wasted us required of us mirth, saying, Sing us one of the songs of Zion.
4 How shall we sing the LORD’S song in a strange land?
5 If I forget thee, O Jerusalem, let my right hand forget her cunning.
6 If I do not remember thee, let my tongue cleave to the roof of my mouth; if I prefer not Jerusalem above my chief joy.
7 Remember, O LORD, the children of Edom in the day of Jerusalem; who said, Rase it, rase it, even to the foundation thereof.
8 O daughter of Babylon, who art to be destroyed; happy shall he be, that rewardeth thee as thou hast served us.
9 Happy shall he be, that taketh and dasheth thy little ones against the stones.
Merry Xmas 2014 and a Happy New Year 2015
How many of us can stand up and say that am not going to engage in sexual sin, corruption, theft, tribalism, lies, lovers of money,,,yet we are the temple of the Lord!!!
Merry Xmas 2014 and a Happy New Year 2015
Lets Pray That God Redeems us This Xmas and we Commit to Obedience in 2015 as in 1Sam15:22. But, How do you obey God,,,By Reading the Word,,,A Chapter a Day,,,Pray without ceasing every hour,,,Hebrews 11: Believe in God to transform your life forever! and Finally Come Serve God FULLTIME. Am Looking for 72 Kenyans who are ready to make Serving God Their Full-Time Job and Looking for money their side hustle. Pay Tithes in full-Malachi 3:10. Finally Worship God in Truth and Spirit-John 4:24. And ALL the Rest Will be Added unto You-Matthew 6:33. Give and it shall come back to you >>>As in Luke 6:38: “Give, and it will be given to you. They will pour into your lap a good measure– pressed down, shaken together, and running over. For by your standard of measure it will be measured to you in return.”
Merry Xmas 2014 and a Happy New Year 2015
Merry Xmas 2014 and a Happy New Year 2015
The Digital Entrepreneurship in Kenya Program equips participants with very valuable and rare skills for the Market Place. Every entrepreneur would like to maximize profits and minimize costs. But how do they do that in the current world order? There are simple solutions that we offer in this program.
Joining The Digital Entrepreneurship in Kenya
The process of enrolling in the Digital Entrepreneurship in Kenya starts by making an online application and attaching your credentials. These include the nature or your business products and services,your current output,sources of the products,any value addition and the cost structure. The program mainly works on strategy formulation and implementation. Continue reading
For success in ERP implementation in Kenya, a number of processes have to run in tandem. The success or failure of the processes depends on several key components. But before we get to know the details of success in ERP implementation in Kenya, we need to underscore that the PEOPLE factor is the single most important Critical Success Factor (CSF) in the process.
Recruitment for Success in ERP Implementation in Kenya
The process of recruitment for success in ERP implementation in Kenya needs careful thought. Its the people managing the system that either make it work or fail. They have to be of right qualifications and motivated to learn and manage the user interface for data input,process and reports generation. They must be pro-active to learn the process chain for optimal utilization of the ERP resources. Continue reading
The launch of OFC Business Club Kenya on 16’th Nov 2014 was such a great success. I was left praising and worshiping Jehova God the whole night. The idea mooted by my spiritual father Rev Ben Muiruri was received and accepted far and wide. Our mission is to support business men and women in the community to not only venture into business but excel at it. The turn out was very good,both young and old,even university students. Mr. Evans Njihia gave a candid introduction into entrepreneurship,,,this is what every Kenyan needs to survive.