Before you close your financial books for the year, you must make sure that you filed all returns and paid all taxes due during the year. This could save you significant penalties. We’ve prepared this checklist to help you check your compliance and reduce the risk of incurring undue penalties. Do you have employees who […]
Tag Archives: tax returns
22
Aug
Aug
Employers must file monthly PAYE returns and make tax payment by the 15th of the subsequent month. Failure to file and pay Tax by the due date attracts a penalty of GHC 500 and a further penalty of GHC10 for each day that the tax is overdue. Procedure to file PAYE Returns Visit the website […]
04
Jan
Jan
Early preparation is the best way to avoid tax trouble and reduce your taxes. This blog discusses the issues you must address as 2019 ends. So, what must you consider? Here’s a snapshot of the issues to ponder: Obtain Taxpayer Identification Number (TIN) for all your employees Withhold the appropriate taxes from all payments made […]
03
Dec
Dec
Choosing an accounting year end is important. Businesses must prepare business accounts for different reasons. These might include: To find out how the business has performed; To allow it to file for taxes. And to enable them to do that effectively, business owners must choose an accounting year for their business. What is an accounting […]
06
Jun
Jun
Do you know that, at some point, you’ll need a tax clearance certificate to carry out certain transactions? Don’t leave it too late! To avoid the hassle of getting a Tax Clearance Certificate when you need it, prepare well ahead of time. So, what do you need to do to prepare? Read on to find […]
