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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BUY LOCAL; BUILD LOCAL BUSINESS

BUY LOCAL; BUILD LOCAL BUSINESS

I have a lot of pride wearing local made clothes. I love eating local produced foods. I love LOCAL and ORGANIC. It may be costlier but it means a fellow Kenyan is earning a living. Am  happy to pay more.Local business and SME should know that many people are willing and eager to support them.   SME and Local business get it wrong in thinking that  because they are a small business QUALITY does not matter. Customers are very discerning…

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CUSTOMER SERVICE: HOW TO GAIN AND RETAIN LOYAL CUSTOMERS

CUSTOMER SERVICE: HOW TO GAIN AND RETAIN LOYAL CUSTOMERS

Why am I loyal to some products? Why do I always buy certain products? Shop in certain places? Recommend certain places and services? Why do some adverts warm my heart and make me buy an item? One reason is the emotional feeling I have towards that product or service.                                                 Truthfully, a product and service on its…

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MARKETING: BRANDING TO INCREASE SALES

MARKETING: BRANDING TO INCREASE SALES

April 5th 2018 was a lovely day. Our service providers Acolyne Creations for the decors, Jeral Enterprises for the sound and Mikaye Ltd. for the food set up ready for the “ Marketing and Branding to Increase Sales” by Priya Chana. We had over 30 men and women who attended the business talk at Ratna Square from 5:30 pm. Find these and more service providers on www.mpowerdirectory.com .   Priya Chana a marketing expert took us through what a brand is?…

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OPPORTUNITY-KENYA’S BIG FOUR AGENDA AND YOUR BUSINESS?

OPPORTUNITY-KENYA’S BIG FOUR AGENDA AND YOUR BUSINESS?

President Uhuru of Kenya in his second term in office has a plan for Kenya for the next five years. His plan is to focus on 4 deliverables commonly referred to as BIG FOUR. MANUFACTURING AFFORDABLE HOUSING FOOD SECURITY AFFORDABLE HEALTH CARE This will be the priority spending areas for the government for the next five years. It is expected that the government will have incentives to attract realisation of the BIG FOUR. WHAT DOES THIS MEAN FOR A BUSINESS…

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BUSINESS: HELP MY BUSINESS IS FAILING. HOW DID I GET HERE? WHAT DO I DO?

BUSINESS: HELP MY BUSINESS IS FAILING. HOW DID I GET HERE? WHAT DO I DO?

The journey of a business person is like a roller coaster ride on steroids. Many people say entrepreneurs are a special group of crazy people because they stick to something and expose themselves to risks and don’t give up despite the odds. Every entrepreneur will tell you their low points when they asked themselves; Is this business really worth it? Can I survive this? What if I just leave this madness? The low point of entrepreneurs can come; When setting…

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COMMUNICATION: HOW TO GET YOUR TEAM AND CUSTOMERS FULFILLING YOUR GOALS

COMMUNICATION: HOW TO GET YOUR TEAM AND CUSTOMERS FULFILLING YOUR GOALS

As a business person, I cannot run my business alone. I need some people on my team to help complete tasks to achieve our goal and vision. I need to communicate with my team to ensure that they are on the same page as me and we are all pulling together. Communication needs to end in an action. I also need to communicate with my customer to ensure that I fulfil their needs for my business to make profit. Lack…

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