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…
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…
Introduction As a Ghanaian SME owner, managing your company’s payroll can be difficult, especially given the complexities of regulations and tax laws. However, keeping employees happy while remaining legally compliant requires accurate and timely payroll processing. This guide will walk you through the fundamentals of payroll services, providing valuable insights to help you streamline your payroll processes and keep your…
We are happy to announce the release of Built Payroll, Vendor Pay, POS and Subscriptions features on our accounting and finance software. These features are part of the product roadmap we have designed to automate bookkeeping and cash flow management for small business owners to ensure that they have enough time to focus on their core business operations. Payroll We know…