Ghana’s Parliament passed an amendment in December 2023, changing the Income Tax Act. They also added a minimum chargeable income, which might be tied to the rise in the National Daily Minimum Wage. These adjustments are likely to affect Ghana’s economy and workers significantly. After the amendment was passed in December 2023, the Ghana Revenue Authority (GRA) stated that the…
Once you’ve chosen the right payroll outsourcing provider in Ghana, the next crucial step is to ensure a smooth and successful implementation. This requires careful planning, communication, and ongoing monitoring to maximize the benefits of your partnership. Key Steps for a Smooth Transition: 1. Define clear expectations and scope of work: Clearly define the services the provider will handle and…
With the decision to outsource payroll in Ghana made, the crucial task of selecting the right provider remains. In this complex and competitive landscape, choosing the ideal partner can significantly impact your payroll efficiency, compliance, and overall business success. Here’s a comprehensive guide to navigating this critical decision: Factors to Consider: 1. Experience and Expertise in Ghanaian Payroll: Look for…
Payroll outsourcing involves transferring the responsibility of managing your company’s payroll to a professional third-party provider. This includes tasks like calculating employee salaries, processing taxes and deductions, generating payslips, and ensuring compliance with Ghanaian regulations. Benefits of Outsourcing Payroll in Ghana: Cost Savings: Outsourcing eliminates the need for dedicated internal staff and resources for payroll functions. This translates to reduced…
Say goodbye to the days of tedious manual calculations and complex tax forms! Introducing the ultimate PAYE calculator for Ghana. This tool is designed to simplify your tax life and make it easier than ever to calculate your accurate PAYE deductions. Why Choose Our PAYE Calculator? Effortless and Accurate: Simply enter your basic salary and other relevant information, and our calculator will…
Managing payroll in Ghana can be a complex task, but with the right tools, it doesn’t have to be. Here are five top payroll apps that can help you streamline your process and ensure accuracy: 1. BuiltPayroll: This cloud-based solution offers a user-friendly interface and comprehensive features, including payroll processing, tax filing, employee self-service, reporting and instant online payment of…
Understanding how payroll works is crucial for businesses in Ghana to ensure smooth operations, regulatory compliance, and employee satisfaction. In this guide, we’ll unravel the intricacies of payroll in Ghana, providing clarity on the processes, regulations, and best practices. 1. Employee Registration: The payroll process begins with the registration of employees. Employers collect necessary details such as tax identification numbers…
Managing payroll can be a daunting task for small business owners in Ghana. As your business grows, so does the complexity of payroll management. To streamline your financial processes and ensure compliance with local regulations, investing in a reliable payroll software solution is essential. In this article, we’ll guide you through the process of choosing the right payroll software for…
Building a business is already hard! This makes running it in the face of a global pandemic, like the Coronavirus crisis, much more difficult. Many pronouncements have been made of the disruption that we may experience as a result of this pandemic, comparing it with the financial crises in 2008. Prominent venture capital firm, Sequoia, has already declared Coronavirus as…