End of the month complexities of determining payroll liability status, taxes payable, and net amount payable has always not been easy.
We help manage properly such payroll activities at month end, and remit bank check off as final settlements to employees. Employers would choose to what extend such responsibility is outsourced. This service entails managing of deductions and virtual filing of returns such as PAYE, NSSF, NHIF among others, in respective portals and now as per the new changes all the returns on itax only.
Employees will receive their salary virtual Payslips for record keeping or use to secure financing among other uses.
Payroll sheets are thus complied for company administration and maintenance of payroll expense in the books of accounts and filed accordingly. Centsense Consulting Limited., we’ll ensure that;
- Monthly payroll reconciliations are done.
- Monthly payroll is in compliance with the income tax legislation.
- Processing of P9A certificates are done in time and issued to staff.
One of your statutory obligations as an employer is to deduct PAYE from your employees’ salaries and wages. PAYE is computed at the prevailing graduated scale rates as prescribed by the National Treasury. The resulting funds must be remitted to the Kenya Revenue Authority on or before the 9th of the following month.
Our professional services entail:
- Computation of PAYE for each employee
- Payroll Preparation
- Submission/filing of PAYE returns on iTAX (online)
- Generation of payment slips
- Payment of the tax due to the KRA appointed banks on behalf of clients
- Processing of the P9A forms