Tag Archive For "tax"
A Simple Guide to Small Business Taxes in Ghana
While it is common knowledge that doing business involves tax payments, it is vital to reiterate this. In Ghana, some taxes apply to only small businesses though the industry and location in which a small business operate may give rise to other tax obligations or tax exemptions. In this article, I share with you four …
How to pay your taxes, SSNIT in this period of COVID-19
While some businesses have attempted and found it difficult to make statutory payments, others do not have any idea on how to go about making their statutory payments in this period of COVID-19. This article seeks to give relief from such distressing situations. Statutory payments: what they are and when to pay them These are …
How to calculate the 3% VAT Flat rate
There are two types of VAT systems in Ghana: the Standard scheme and the Flat rate. While the former comes with a composite percentage of 17.5%, the latter is 3%. The objective of this short article is to equip readers with knowledge on how to compute the 3% Flat rate VAT. Before we start to …
Ghana Tax Calculator App
As business owners and accounting professionals we work with taxes on a daily basis. Finding a way to simplify how you calculate taxes is one of the holy grail of the accounting profession. For business owners, it is a way of taking away the complexities that certain taxes come with. Thus, it came as no …
How Does Withholding Tax Computations Work And Why Is It Relevant?
Compliance with withholding taxes like any other tax obligations is very crucial for any business. In doing so, you save yourself from the closure of operations, fines and penalties, imprisonment, tarnishing of your reputation, interference in business operations, among others. In this article, we provide a highlight of what withholding taxes are, how to compute …
What you need to know about taxes in Ghana [Infographic]
Taxation remains one of the pain points of entrepreneurs, especially first time founders. This month, we partnered with the We partnered with Workshed Africa to create this infographic on taxes in Ghana. You can also find a PDF version here: Download