Blog – Chartafai LLP

Harnessing Artificial Intelligence (AI) in Tax Optimization

April 4, 2025AI, Finance, Tax, Tax Consulting

The arrival of Artificial Intelligence (AI) brings revolutionary opportunities for future tax optimization processes because of continual business changes. AI’s capability to inspect extensive data alongside its predictive functionality and process automation allows tax authorities together with businesses to enhance compliance and minimize inefficiencies and maximize tax administration efficiency. The capabilities of AI systems […]

Navigating Compliance in Kenya – What Businesses Need to Know

March 18, 2025Audit, Compliance, Finance

Maintaining compliance in Kenya’s changing regulatory environment is crucial for the stability and expansion of businesses, in addition to being required by law. Businesses need to keep ahead of the curve in order to prevent expensive fines and harm to their reputation due to changes in tax regulations, financial reporting standards, and fraud […]

Kenya’s 2025/26 Budget Policy Statement: Key Highlights and Implications

March 12, 2025Budget, Finance, News

Kenya’s 2025/26 Budget Policy Statement has been tabled in the National Assembly, revealing notable shifts in the country’s fiscal planning. While total government expenditure is set to reduce, some key areas—particularly recurrent spending—are receiving increased allocations. Below is a breakdown of the major adjustments and what they mean for the economy. 1. Lower Spending, Higher […]

The Future of Auditing in Kenya: Emerging Trends and Technologies

March 10, 2025Audit, Finance, News

Auditing profession is progressing to an era of change in Kenya due to the technological advancement and changing regulatory landscape, and growing customer expectations. In an era where companies are operating in a varied and challenging space, audit firms also need to transform themselves and offer efficient and valuable services. Five key developments are shaping […]

NSSF NEW RATES 2025

February 26, 2025Finance, NSSF

National Social Security Fund (NSSF) contribution rates, which will take effect on February 1, 2025. These adjustments are part of the government’s ongoing efforts to enhance social security provisions for all salaried Kenyan employees. These changes are put into practice through the NSSF Act of 2013 to achieve better social security outcomes for Kenyan employees. Important Updates: • Contribution Rates: […]

NHIF vs SHIF

November 27, 2024Insurance

Kenya’s Social Health Insurance Fund (SHIF), replacing the National Hospital Insurance Fund (NHIF), is transforming healthcare access with a structured, income-based contribution model under the Social Health Authority (SHA). SHA administers three key funds. One of the funds is Primary Healthcare Fund that provides preventive services. The other is the Emergency, Chronic, and Critical Illness […]

AUDIT SENIOR – Chartafai

January 19, 2024Vacancies

Chartafai is a professional services firm of Certified Public Accountants that leverages technology to provide timely solutions with convenience and ease of accessibility. We value our clients and strive to understand their needs, business models and expectations to deliver within the ethical standards. Our Professional services are structured against the background of independence, objectivity, value-addition, […]

System and Control Environments

May 4, 2023Internal Control

Internal controls play a crucial role in business operations, as they establish a framework for efficient and effective management. The advantages of implementing internal controls are vast, including improved financial management, decreased risk of fraud and errors, and increased compliance with regulations and standards. Enhanced financial management is one of the primary benefits of internal […]

Supply and Dollar

March 31, 2023Finance, News

The relationship between supply and the dollar is a critical concept in the world of economics. It is known that when the supply of goods and services increases, their prices tend to decline due to the excess of products available. On the other hand, when the supply of goods and services decreases, their prices tend […]

Sacco’s opportunities and challenges facing Sacco’s

March 3, 2023Finance, Saccos

Savings and Credit Cooperative Organizations (SACCOs) provide financial services to their members, but they face several challenges. One is limited membership due to a lack of outreach beyond their region. To address this, SACCOs can invest in mobile banking and members-only platforms. Another challenge is outdated technology, which can be overcome by investing in modern […]

Resolving Disputes: An Overview of Arbitration

February 17, 2023Arbitration, Finance, News

Arbitration provides an alternative means of settling disputes that does not involve going to court. It involves a neutral third party, called an arbitrator, who listens to both sides of the disagreement and makes a decision that is binding on both parties. The process of arbitration is similar to a court trial, with both sides […]

How to tranform debt into wealth

August 29, 2022Finance

As enterprise proprietors and traders,it’s essential to familiarize ourselves with true-debt.The reality now is that not all debt is horrific – in real sense good debt can do you a favor of making you wealthy. There is smart debt and bad debt. Money owed in order to construct or boom your profits or wealth is what we refer to as smart debt. Leveraging debt to construct wealth is some thing that may be executed or rather it is some thing that is being executed pretty well. There are some of steps you could take to begin the use of true debt […]

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