Clarisage Advisory

23/04/2026

Managing a business comes with enough pressure and your financial processes shouldn’t add to it.

Delegating tasks like bookkeeping, payroll, and financial reporting to specialists allows you to focus on growth, while ensuring precision, regulatory compliance, and better visibility into your finances.

If you’re looking to simplify and strengthen your finance operations, get in touch with experienced professionals at [email protected]

23/04/2026

Free Ghana Tax Calculator by Clarisage Advisory — PAYE, VAT & Levies, WHT, Capital Allowance, SSNIT Pension, Penalties & Compliance Deadlines. 2026 rates.

22/04/2026

VAT and other associated levies for March 2026

18/04/2026

https://clarisageadvisory.github.io/clarisage/ #

Free Ghana Tax Calculator by Clarisage Advisory — PAYE, VAT & Levies, WHT, Capital Allowance, SSNIT Pension, Penalties & Compliance Deadlines. 2026 rates.

03/04/2026

This Good Friday invites us to pause and consider the deeper meaning of sacrifice, and the quiet strength it builds within us.

It is a time to reflect on love, humility, and the hope that rises even in the most difficult moments.
May your day be calm, purposeful, and filled with renewed perspective.

12/03/2026

Why Many Ghanaian SMEs Struggle Financially
A lot of small businesses in Ghana quickly point to low sales as the main challenge. But in many cases, the real issue is how the finances are managed.
I’ve seen SMEs making decent money but still running into problems because cash flow isn’t checked regularly, expenses aren’t properly recorded, and personal spending gets mixed with business funds. Without clear financial information, it becomes difficult to make the right decisions.
Profit alone doesn’t keep a business running. What makes the real difference is consistent financial discipline.
Businesses that take time to set up simple accounting routines, keep an eye on cash flow, and control costs usually find it easier to stay stable and grow.
It’s not always exciting work, but getting the structure right pays off in the long run.

06/03/2026

Happy 69th Independence Day 🇬🇭🇬🇭🇬🇭🇬🇭

05/03/2026

𝗔𝗻𝗻𝘂𝗮𝗹 𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹 𝗧𝗮𝘅 𝗙𝗶𝗹𝗶𝗻𝗴 𝗶𝗻 𝗚𝗵𝗮𝗻𝗮 ⚖️
Tax Compliance Series (1/4) | Clarisage Advisory

Filing your annual individual tax return is a legal requirement, not an option.

Under the Income Tax Act, 2015 (Act 896), individuals who earned income in Ghana during the 2025 year of assessment must file with the Ghana Revenue Authority by 30 April 2026.

Who must file?
• Business owners & sole proprietors
• Consultants & freelancers
• Employees under PAYE
• Landlords earning rent
• Investors earning dividends or interest
• Anyone with multiple income sources

Important:
Even if your employer deducts PAYE, you may still be required to file your annual return.

Penalty for failing to file:
GHS 500 initial penalty + GHS 10 per day of default.

Key Tax Rates (Resident Individuals):
• Personal income tax: 0% – 30% (graduated)
• Dividends: 8%
• Interest: 8%
• Rent: 8% (final tax on gross)
• Non-residents: 25%

Filing properly helps maintain:
✔ Financial credibility
✔ Tax compliance
✔ Access to contracts and financing

Need guidance?
Clarisage Advisory can help you stay compliant and avoid penalties.

Clarity | Strategy | Growth

GRA BusinessCompliance

25/02/2026

25/02/2026

WITHHOLDING TAX IN GHANA IS NOT ANOTHER TAX.

Many business owners assume Withholding Tax (WHT) is an extra tax burden.

It’s not.

It is simply an advance payment of income tax under the laws administered by the Ghana Revenue Authority (GRA).

Let me break it down simply.

💼 Example: Paying a Consultant

Your company receives an invoice for:

GHS 50,000
(Professional services – resident person)

Under Ghana’s tax rules:

👉 Professional / consultancy services to a resident person attract 7.5% Withholding Tax

So instead of paying GHS 50,000 in full:

7.5% × GHS 50,000 = GHS 3,750

You:

• Pay the consultant → GHS 46,250
• Withhold → GHS 3,750
• Remit the GHS 3,750 to GRA

You are not keeping the money.
You are acting as a temporary tax collector.

The consultant receives a Withholding Tax Credit Certificate and later offsets that GHS 3,750 against their annual income tax liability.

They don’t lose the money.
It reduces their final tax bill.

🏢 Example: Paying Office Rent

Invoice: GHS 30,000
Resident landlord

Applicable WHT rate: 8%

8% × GHS 30,000 = GHS 2,400

• Landlord receives → GHS 27,600
• GHS 2,400 is remitted to GRA

Same principle. Same system.

📌 What Every Ghanaian Business Must Do

When making applicable payments:

✔ Deduct the correct WHT rate
✔ Remit to GRA within 15 days after month-end
✔ File monthly WHT returns
✔ Issue WHT credit certificates

Failure to comply can lead to:

🔹 Penalties
🔹 Interest
🔹 Disallowed expenses during audits
🔹 Unnecessary tax exposure

The Big Picture

Withholding Tax is not a punishment.

It is:

→ Early tax collection for government
→ A prepayment of tax for your vendor
→ A compliance responsibility for your business

When managed properly, everyone wins.

At Clarisage Advisory, we help businesses:

• Structure their accounting systems
• Deduct and remit taxes correctly
• Prepare accurate financial statements
• File Corporate Income Tax with confidence

If you’re unsure whether your business is applying the correct WHT rates, let’s have a conversation before it becomes an audit issue.

ClarisageAdvisory BusinessGrowth GRA

23/02/2026

Common Accounting Errors That Cost Businesses

Most small and growing businesses don’t fail because of a lack of effort. More often, they struggle due to avoidable accounting mistakes that quietly build risk over time.

Here are five of the most common missteps:

1️⃣ Mixing personal and business transactions – This distorts your financial records and makes it nearly impossible to accurately measure performance.

2️⃣ Skipping regular bank reconciliations – Without them, errors and missing transactions go unnoticed until they become bigger issues.

3️⃣ Misclassifying expenses and revenue – When your reports don’t reflect reality, your business decisions suffer.

4️⃣ Failing to track receipts and documentation – Missing invoices or support documents can create serious exposure during tax time or an audit.

These may seem like small oversights, but in practice, they can lead to:
🔹 Regulatory fines
🔹 Flawed business decisions
🔹 Cash flow missteps
🔹 Audit complications

📌 Good accounting is more than just record-keeping — it’s a form of business protection.
📌 Small corrections made early can prevent major problems later.

Save this as a quick checklist for your financial routine. And share it with a business owner who needs to see it.

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