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. […]
1.5% Affordable Housing Levy is on all gross income received or accrued;
Just in case you did not know, under the Affordable Housing Levy Act 2024 assented in March, 19th 2024; 1.5% is levied on : Salary Gross income received including; Rental income Sales chargeable to turnover Any sales before VAT. Any other income received or accrued in Kenya The employer’s contribution to the Affordable Housing Levy […]
Affordable Accounting software with support from an accountant.
Installing accounting software does not have to be costly. Most business owners are confused which accounting software is best suited to their needs or matches the skills of their accounting staff. Aside from this uncertainty, there is concern that a new program may disrupt daily operations in the accounting department. Getting support or consulting with […]
