Entrepreneur Amma Gyampo’s Top Advice For African Startups

Our advisory board member, Amma Gyampo, was recently interviewed by Entrepreneur.com and we think it’s worth sharing with you: Amma Gyampo serves on Ghana’s National Taskforce for Impact Investing, she is an Angel Investor supporting women-led businesses and serves as Investor Relations Director for the Lady Angel Network. A business development advisor and entrepreneur with …

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Technology Stack for Small Businesses & Startups – Part 1 Marketing

Running the various facets of your businesses requires the usage of certain technology tools. These tools are mostly to introduce efficiency in the operations of the business, by way of cutting down time required to achieve a goal or driving down the cost elements involved. In a series of posts, starting from this very one, …

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Edward Neequaye
in Resources, Tax

How to Invoice with the new VAT system in Ghana [template provided]

Well, the new Value Added Tax (VAT) was brought into force last year but we  still receive invoices from vendors of clients who used the old VAT rate. The old VAT system is at a rate of 17.5% which is made up of 12.5% for VAT revenue for Ghana Revenue Authority (GRA), and 5% paid …

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Deadlines Approaching – What you need to know about renewal and filing at Registrar-General’s Department

In case you aren’t aware, next week Tuesday, that’s 30th April, 2019 is the last day for annual filing and renewal of business registration with the Registrar General’s Department for this year. According to the regulator, failure to do so attracts a penalty of GHS400. The renewal fee is as follows: Sole Proprietorship – GHS25 …

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How Does Outsourced Bookkeeping Work?

After speaking to a few professionals who had had the opportunity to work with at least an SME either as an account officer, finance officer or during an audit, it was gathered that, most of these business owners wanted to have ultimate control of their financial information without sharing. Others also had not had a …

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How To Manage An Asset Register

Managing a business’s assets as an entrepreneur can be needlessly overwhelming. This can be made easier all year round with a simple and well-organized asset register template. What’s an asset register? An asset register basically shows the asset the business owns. It details the value of assets, date of acquisition (and of disposal) and other …

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How to Invoice with the new VAT system in Ghana [template provided]

Well, the new Value Added Tax (VAT) was brought into force last year but we  still receive invoices from vendors of clients who used the old VAT rate. The old VAT system is at a rate of 17.5% which is made up of 12.5% for VAT revenue for Ghana Revenue Authority (GRA), and 5% paid …

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Retirement contribution : A smart way to cut taxes.

As a small business entrepreneur, you are encouraged to sign on to the compulsory Social Security contribution of 5.5% of employees’ salary and 13% of business income. Although it is a retirement plan, it is also a smart way to reduce taxes for both your workers and your business while motivating your workers too. Retirement …

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