Emergency Hardship Loans
An Emergency Hardship Loan is a type of short-term loan designed to provide financial relief to individuals facing sudden and […]
Weathering the Storm: How Emergency Hardship Loans Can Support Civil Servants in Times of Crisis
Civil servants play a crucial role in maintaining the essential services that uphold the functions of society. However, despite the
How to boost your business when you are short on money
Boosting your business when funds are limited can be challenging, but there are several strategies you can use to maximize
Businesses you can start in Nairobi in 2024
Starting a business in Nairobi in 2024 can be a lucrative opportunity due to the city’s growing economy and entrepreneurial
Affordable healthcare Insurance Options available in Kenya Today
The Kenyan healthcare landscape has been changing over the past 15 years since the introduction of devolution in Kenya. Few space have go through rapid changes like healthcare. Devolution opened the door for cheap healthcare options to reach people in rural areas that previously had no access to good hospitals. This drive has been led by the opening up of medical insurance.
Loans without security in Kenya today
In Kenya, loans without security or unsecured loans have become a popular option due to their convenience and accessibility. These
Income Tax in Kenya
In Kenya, income tax is imposed on individuals and businesses based on income levels. Here are the key aspects of
Capital Gains Tax
Capital Gains Tax (CGT) in Kenya is a tax levied on the profit realized from the sale of property or
Tax Compliance Certificate
In Kenya, a Tax Compliance Certificate (TCC) is an official document issued by the Kenya Revenue Authority (KRA) that certifies
Pay As You Earn(PAYE)
PAYE (Pay As You Earn) is a system for collecting income tax from employees’ salaries and wages. The employer deducts
Rental Income Tax
Rental income tax is a tax imposed on income earned from renting out property. It applies to landlords or property
How much motor vehicle tax do you pay to import a vehicle in Kenya?
Importing a car into Kenya is a process that involves several taxes and duties. These taxes are imposed by the
Turnover Tax
Overview of Turnover Tax (TOT) Turnover Tax (TOT) is a tax levied on the gross sales/turnover of small businesses in
Tax Benefits Related to Different Types of Loans in Kenya
In today’s dynamic financial landscape, loans have become an essential tool for individuals and businesses alike, facilitating growth, development, and
Payroll
A payroll is the process by which employers pay their employees for their work. It involves several key components and
Complete Guide on Payroll in Kenya
Introduction Payroll management is a critical function for businesses to ensure employees are paid accurately and on time. In Kenya,
Finding the Right Loans App in Kenya for Your Financial Needs in 2024
In recent years, the financial landscape in Kenya has experienced a significant transformation, largely driven by the rapid adoption of
T-pay
T-Pay in Kenya is an online platform provided by the Teachers Service Commission (TSC) to facilitate various services for teachers,
Gross Pay vs. Net Pay: Definitions and Examples
Understanding the difference between gross pay and net pay is essential for both employers and employees. Gross pay and net
Base salary
“Base salary,” also known as “base pay,” is the fixed amount of money paid to an employee by their employer
Basic Monthly Salary
The term “basic monthly salary” refers to the fixed amount of money that an employee receives from their employer each
Salaries and Remuneration Commission (SRC)
The Salaries and Remuneration Commission (SRC) is an independent constitutional commission established under Article 230 of the Constitution of Kenya,
Service Gratuity
Definition and Overview Service Gratuity is a lump sum payment made to an employee upon the termination of their employment,
Pay As You Earn (PAYE)
Pay As You Earn (PAYE) is a method of income tax collection in which an employer deducts tax from an
how to pay salary advance loan
Navigating through the process of paying for a salary advance loan can be straightforward if you’re equipped with the right
A Scale of Salary
A scale of salary, often referred to as a salary scale or pay scale, is a structured system that determines
Gross salary
Gross salary refers to the total amount of money an employee earns before any deductions are made. It includes basic
Current Salary
Current salary refers to the amount of money an employee is currently earning in their present job. It is typically
Pay As You Earn (PAYE) in Kenya
Pay As You Earn (PAYE) is a method of tax collection on income earned by employees in Kenya. Administered by
Basic Salary vs. Allowances: Understanding the Differences and Implications
In the realm of employment compensation, understanding the distinction between basic salary and allowances is crucial for both employers and
Understanding Gross Salary in Kenya
Gross salary is a critical concept in the realm of employment compensation, representing the total income earned by an employee
Understanding How to Calculate Tax Payable on Taxable Salary in Kenya
Taxation is a fundamental aspect of any economy, serving as a primary source of government revenue. In Kenya, understanding how
Understanding Net Salary in Kenya
Net salary is a critical concept in the world of employment compensation, representing the actual take-home pay that an employee
The Integrated Payroll and Personnel Database (IPPD)
The Integrated Payroll and Personnel Database (IPPD) is a system used by the Kenyan government to manage payroll and human
The Government Human Resource Information System (GHRIS)
The Government Human Resource Information System (GHRIS) in Kenya is an online platform designed to streamline and manage human resource
Steps to Obtain a P9 Form from GHRIS
A P9 form in Kenya is a tax document provided to employees, detailing their earnings and the taxes deducted within
Civil Servant Payslip
A civil servant payslip in Kenya typically includes various details that provide a comprehensive breakdown of the employee’s earnings, deductions,
Introduction to Interest Rates and Their Importance in the Economy
Interest rates are pivotal to the economic landscape, serving as the price of money and a key determinant of borrowing
Race to Financial Freedom: 9 Habits to Get You There
Achieving financial freedom is a journey that requires discipline, commitment, and smart financial habits. Here are nine habits to help
6 reasons why you should hire a professional financial planner
Navigating the complexities of personal finance can be daunting, particularly as financial landscapes evolve and individuals face increasingly diverse investment
7 things you need to know about Fixed Deposit Accounts in Kenya
commonly known as an FD account, is a type of savings account offered by banks and financial institutions. In a fixed deposit account, customers deposit a certain sum of money for a specified period, at a fixed interest rate.
Investment Opportunities in Kenyan market
In Kenya, there are several investment vehicles that you can consider to grow your wealth. Here are some popular options:
5 indicators you are deep in debt
Being in constant debt poses a multifaceted challenge that extends beyond financial strain, impacting emotional well-being, and future prospects. High-interest
How to fuliza mpesa loan
Fuliza M-Pesa loan is a continuous overdraft service offered by Safaricom, in collaboration with the Commercial Bank of Africa (CBA).
5 ways to increase M-shwari loan limit from zero
M-Shwari, a revolutionary mobile banking service in Kenya, offers convenient access to loans and savings through your M-Pesa account. But how does it determine your loan limit?
3 types of M-Kopa cash loans and How to Get each one of them
In the ever-evolving landscape of financial services, M-Kopa cash loan stands out as a beacon of empowerment for millions across
Why your loan repayment plan should be a priority in 2024
In a world dominated by debt, prioritizing loan repayments is crucial. It alleviates financial stress by boosting credit scores and enabling personal and professional growth. Managing loan payments efficiently helps achieve long-term goals like home ownership, entrepreneurship, and comfortable retirement. Additionally, a thorough repayment plan battles interest rates, prevents late fees, and fortifies against economic downturns, securing a stable financial future and empowering you as the ultimate financial superhero.
Elevating the Classroom Experience with Canva: A Guide for TSC Teachers
In today’s digitally-driven educational landscape, the fusion of technology and teaching has become indispensable. Canva, renowned for its design prowess,
The Benefits of Taking a Payday Loan When You Need Cash for Your Business
In the dynamic and often unpredictable world of business, having access to quick and reliable sources of cash is crucial for maintaining operations and seizing opportunities. One financial tool that has gained both popularity and controversy is the payday loan.
Types of check-off loans
In Kenya, check-off loans are a type of loan provided by an employer to an employee, with the loan payments