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Month: June 2018

Tax Amnesty on Foreign Income: Kenya Government Extends Deadline again to 30th June 2019

Tax Amnesty on Foreign Income: Kenya Government Extends Deadline again to 30th June 2019

By Mogeni Gekara Samuel In 2016, the Tax Procedures Act was amended to provide for tax amnesty for people who repatriated taxable income into Kenya and the deadline was set for 31 December 2016. In the Finance Act 2017, the deadline was extended to 30 June 2018. However, despite the extensions, the uptake of the tax amnesty has been very low. During his Budget Speech Treasury Cabinet Secretary Henry Rotich, attributed the tax amnesty extension to its slow uptake: “….the…

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CONTRACT: CONTRACTS ARE NECESSARY FOR SMALL BUSINESS

CONTRACT: CONTRACTS ARE NECESSARY FOR SMALL BUSINESS

Watching America’s Court, People’s court and Judge Judy on TV the majority of claims are lost because there was no CONTRACT. Further, the Contract did not have all the terms intended. Even between friends and family members every exchange of money or obligations is reduced to some sort of a contract. Local business especially SME’s do not seem to understand that importance of CONTRACT in their business. Many businesses are based on oral agreement or contracts by conduct (performance). Terms…

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WHY CONSIDER TAKING YOUR CHILDREN TO A DAYCARE FACILITY RATHER THAN A NANNY

WHY CONSIDER TAKING YOUR CHILDREN TO A DAYCARE FACILITY RATHER THAN A NANNY

We need to come to the realization that we no longer afford live-in nannies in Kenya. The cost of hiring a child minder is about Kshs.13,000 per month if you are pay them the legally sanctioned minimum wage. Yet this does not give you any guarantees as to the quality or integrity of the person you live at home with your most precious possession – your child. We’ve all heard and shared horror stories about what nannies have put the…

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