Taxation in Uganda; Deadlines and all you need to know
The Uganda Revenue Authority (URA) collects and accounts for taxes on behalf of the CentralGovernment in Uganda. URA does this through the current self-assessment regime.This self-assessment is by submission of a return, which is a declaration of income that ataxpayer makes to URA periodically, indicating what the taxpayer did during that period and anytax payable.The […]
Importance of Procurement Audits for Organizations in Kenya
Understanding the Procurement Process: Steps and Risks Involved In recent years, there has been a growing focus on procurement audits for organizations in Kenya. This is due to the increasing recognition of the importance of procurement audits in achieving organizational goals and objectives. Procurement is an essential function in every organization as it deals with […]
Tax Incentives Kenya has Adopted in Reducing Carbon Footprints
Kenya is striving to enhance its position as the 6th largest economy in Africa. To support this goal, the journey to establishing the Nairobi International Financial Centre (NIFC) began back in the year 2017. The main objectives of the NIFC are to attract more capital both domestically and internationally, promote the adoption of technology in […]
Data Privacy Day: Kenya’s Milestones in Data Protection and Privacy
Kenya has achieved several milestones in Data protection and privacy: In 2019, the Kenyan government passed the Data Protection Act, which sets out regulations for the collection, storage, and use of personal data by organizations operating in Kenya. In 2020, the Communications Authority of Kenya (CAK) introduced new regulations for mobile operators and internet service […]
Compliance with Tax Invoice Management System (TIMS)
In the words of author John Maxwell, ‘Change is Inevitable, Growth is Optional.’ In order for businesses to deal with these changes, they have to be flexible in their operations, anticipate as well as be proactive in their strategy formulation. We are in an era where most things, if not all, are digital. Likewise, for […]
IMPORTANCE OF CREDIT MANAGEMENT IN FINANCIAL INSTITUTIONS
Credit management is a process used by financial institutions and businesses to manage and minimize the risk associated with lending money. The primary objective of credit management is to reduce the financial risk for the lender, which can include the risk of default or non-repayment by the borrower. Financial institutions, such as banks, play a […]
TRAINING CALENDAR 2023
We have exiting events lined up for you in 2023. Check out our training calendar 2023
End-Year Procedures for SME’s; Critical Considerations
Are you a small business and you are in the verge of doing your closing period of the financials? Year-end closing is the process in which companies inspect and update their accounting records (“the books”) at the end of the fiscal year. This is the critical final step in the company’s annual financial reporting process. […]
