How Corporate Training Boosts Productivity, Efficiency, and Profitability
Corporate training is a critical investment that can significantly improve a business’s performance and profitability. By providing employees with the necessary skills, knowledge, and tools, corporate training programs can enhance productivity, boost morale, and drive business growth. One of the primary ways corporate training improves business is by upskilling employees. When employees are equipped with […]
Do You Still Have to File Taxes If Your Business Made No Income?
Do not file a Nil Return for your Business Even with zero income, businesses must file taxes It’s a common misconception that if a business has not generated any revenue for the entire year, they can simply skip filing their taxes. However, this is not the case. Even businesses with zero income are required by […]
Unlock Your Business Success with the Hedgehog Concept: A Proven Framework for Startup Founders
Mastering Timing – The Key to Unlocking Start-Up Success
Timing is everything when it comes to launching a successful startup. While having a great product or service is crucial, mastering the ideal launch window can be the key differentiator between a thriving business and one that struggles to gain traction. Successful startups analyze the broader startup ecosystem, identifying the perfect moment to introduce their […]
Finance Bill 2024: Updated recommendations.
New recommendations following the public participation exercise and the new report tabled in parliament for debate. Following the public participation exercise, the Finance and National Planning Committee had on 18th June 2024 tabled a report detailing revised proposals on the Finance Bill 2024. Under this report, critical changes have been made over contentious clauses previously proposed. […]
Unlocking Growth: The Benefits of Business Diversification for Small Enterprises
Embracing Diversification for Small Business Growth and Sustainability Business diversification can be a powerful strategy for small and medium-sized enterprises (SMEs) looking to grow and thrive. By expanding into new products, services, or markets, SMEs can reduce their reliance on a single revenue stream and build a more resilient and adaptable business model. One of […]
Don’t Give Up on Your Business – Lessons from Brands That Bounced Back
Some of the most successful businesses today had moments when they were on the brink of failure, only to bounce back stronger than ever. Every business owner has had moments of self-doubt….you know, here in Kenya we say “hukuna biashara, iko chini sana” Whether it’s a global pandemic, a shift in consumer trends, or an […]
A guide to Selecting your Business Entity
The good news is that if your present business structure does not work for you, you can always modify it. Contact a Professional Your business legal structure has an enormous impact. It is an important component in determining how much liability your business face, and the separation between your personal and business taxes. We explore […]
Starting a Business in Kenya: What you should know
Starting a business entails more than just raising funds, renting premises, employing employees, and purchasing inventory. Before you go ahead and execute any of the above, look at your prospective business from a futuristic perspective.If you already own a business, I’m sure you’ve had to deal with executive, and legal issues you had never thought […]
Finance Bill 2024: Key proposals
The contested Finance Bill 2024 proposes significant changes to tax legislation. We highlight some of these proposed changes and present an overview of the Bill’s provisions. One most notable proposal is to levy a motor vehicle tax of 2.5% of the car’s value, with set minimum at Ksh. 5,000 and capped at Ksh. 100,000. […]