Sage
Source: Sage |

Tax Year End: Is your business pay-as-you-earn (PAYE) compliant and ready for the new tax year?

The Ghana Revenue Authority has embarked on an education drive to lift tax-to-GDP which currently stands at 16.5%

West African governments are clamping down on non-compliance among business and individual taxpayers as they strive to improve their low tax-to-GDP ratios or internally generated revenues. As the tax year-end looms in Nigeria and Ghana, companies have an opportunity to evaluate whether their payrolls are fully compliant with the laws…

Sage
Source: Sage |

Payroll compliance high on the agenda for East African tax authorities

Without improving tax collection, East African countries will not be able to effectively finance the building of infrastructure and the provision of public services

The Pay As You Earn (PAYE) tax year-end is looming in most East African territories, and governments are clamping down on non-compliance among businesses and individual taxpayers as they strive to raise more funding for public spending. That means businesses must ensure that their payrolls are fully compliant with the…

Source: Sage |

Driving automation among small businesses can help meet Nigeria’s tax goals

The IMF has warned that Nigerian governments’ ability to effectively finance infrastructure and services is constrained by low tax collection

Comments from the International Monetary Fund (IMF) (http://APO.af/e3xusi) around Nigeria’s low tax-to-GDP ratio highlight the importance of driving higher levels of payroll and accounting automation among the country’s businesses, especially small, micro and medium-sized enterprises, says Magnus Nmonwu (http://APO.af/j24b88), Regional Director for Sage West Africa. The IMF has warned that…

Sage
Source: Sage |

Remain compliant with Nigeria’s fast-moving regulatory environment: Automate your payroll

By Magnus Nmonwu (http://APO.af/Ik3wAK), Regional Director for Sage (www.Sage.com/africa) in West Africa

Many business managers and entrepreneurs think of running the payroll as a simple matter—what could be hard about paying your employees the right amount of money on payday and giving them a payslip? But the Nigerian regulatory environment is becoming more complex and the payroll is at the centre of…

Source: Sage |

Voluntary Assets and Income Declaration Scheme (VAIDS) is a golden opportunity for Nigerian companies to regularise their tax affairs

It gives taxpayers an opportunity to voluntarily declare all previously undisclosed assets and income, and thereby regularise their affairs

Nigerian companies and entrepreneurs that don’t have their tax affairs in order should act now to take advantage of the government’s Voluntary Assets and Income Declaration Scheme (VAIDS) (https://VAIDS.gov.ng), says Magnus Nmonwu (https://Twitter.com/mnmonwu), Regional Director for Sage West Africa (www.Sage.com). The scheme runs from 1 July 2017 to 31 March 2018.…

Sage
Source: Sage |

Sage launches Sage One Payroll and Sage One Invoicing in Nigeria

Simple, secure online payroll solution for start-up and small businesses, and easy financial management for the smallest businesses with invoicing on the go

Sage (www.Sage.com/africa), the market and technology leader for integrated accounting, payroll & HR and payment systems, today announced that Sage One Payroll (www.Nigeria.sageone.co.za/easy-online-payrol) and Sage One Invoicing (www.Nigeria.sageone.co.za/sage-one-invoicing) is available in Nigeria. Designed to help small businesses focus on what really matters, these software solutions give business builders the freedom…

Source: Sage |

Sage announces the launch of Sage One Payroll in Kenya

Businesses can pay employees anywhere, anytime with a simple and secure online payroll solution for start-up and small businesses

Sage (www.Sage.com/Africa), the market and technology leader for integrated accounting, payroll & HR and payment systems, today announced that Sage One Payroll (www.SageOne.co.ke) will be available in Kenya from 3 April. The cloud solution integrates with Sage One Accounting, offering a complete business solution for start-up and small businesses. This…

Sage
Source: Sage |

Sage unveils next generation of cloud solutions for Africa and Middle East

Sage Summit Tour in South Africa showcases cloud solutions to power businesses from small start-ups to large enterprises into the digital future

Sage (www.Sage.com/za), the market and technology leader for integrated accounting, payroll & HR, and payment systems, today announced new products and features that will take Africa and Middle East’s business builders and entrepreneurs closer to a world where admin is invisible. It made the announcements at Sage Summit Tour (www.Sage.com/sage-summit/en-za)…

Source: Sage |

Sage Foundation launches $1 million Enterprise Fund to inspire innovation and change in Africa

The new $1 million fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls

Sage (www.Sage.com/za), the market and technology leader for integrated accounting, payroll & HR, and payment systems, has today launched Sage Foundation’s Enterprise Fund (https://www.Sage.com/company/sage_foundation). The new $1 million fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women…

Sage
Source: Sage |

High Interest Rates: How do they impact Small Businesses in East Africa?

Better access to low-interest funding could spur growth of East African Small & Medium Businesses

Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino (https://Twitter.com/OwinoBill), Regional Director for Sage East Africa (www.Sage.com), the market leader for…