In Ghana, businesses may be subject to various types of income tax. Here’s a brief overview of these taxes. Personal Income Tax (PIT) Personal income tax is imposed on income earned by individuals, including salaries, wages, bonuses, and any other compensation for work performed. In Ghana, you must pay income tax if you are an employee, sole proprietor, or a…
Implementing a payroll system is essential for small businesses aiming to streamline their financial processes. It simplifies managing employee wages and ensures compliance with tax regulations and labour laws. A well-structured payroll system can save time, reduce errors, and enhance overall business efficiency. What is Payroll Software? Payroll software is a specialized tool designed to streamline and automate payroll processes…
In today’s digital age, the ability to scale your business from offline to online is no longer just an option—it’s a necessity. As consumers increasingly turn to the internet for their shopping and service needs, businesses must adapt to stay competitive Our recent webinar titled “Scaling Your Business: Offline to Online” provides valuable insights and practical steps for making this…
Starting a business in Ghana can be a great opportunity due to the country’s growing economy and supportive business climate. Whether you’re a local or an international investor, knowing the steps to start a business in Ghana is key to your success. This guide will help you through each step, from coming up with your business idea to getting it…
Every business can fall victim to fraud, which can be a big financial risk. You might ask why scammers go after small businesses when there are bigger companies out there. The fact is, fraud can happen to any business, no matter its size. Small and midsize businesses are just as likely to face issues like phishing, hacking, wire fraud, and…
Every business owner knows that managing finances is key to running a successful business. But even small accounting mistakes can impact your business financially. These owners often manage their finances themselves instead of hiring an accountant. Without expert help or Built, this can lead to more accounting errors. What are Accounting Errors? Accounting errors are mistakes made in the process…
Today, July 23, 2024, Finance Minister Mohammed Amin Adam presented the mid-year budget review for 2024 to Parliament. During his address, he announced progress on a draft Labour Bill slated for enactment before the year’s end. As a small business owner, staying updated on changes in labour laws is crucial to ensure compliance and create a supportive work environment for…
Struggling with a complicated spreadsheet that leaves you confused? Built’s budgeting tool is your knight in shining armor. This user-friendly feature simplifies budgeting, allowing you to create, track, and analyze your finances with ease. Get ready to see your financial planning go from a frustrating mess to a goal-achieving cruise! Budgeting Made Easy Built’s budgeting tool eliminates the complexity of…
Do you dread the holiday season scramble to send bulk SMS to all of your business partners? The process can be costly, time-consuming, and tedious, especially if you have a large network. Imagine a world in which you can send out well wishes or important updates to everyone with just five clicks. Built Accounting, Africa’s all-in-one financial platform for SMEs,…