Ufini Financial Consultants

11/09/2025

https://www.linkedin.com/posts/ufini-financial-consultants_ufinifinancialconsultants-businessresilience-activity-7371841022332526592-ndRW?utm_source=share&utm_medium=member_android&rcm=ACoAABNyRiQBiRajZ6jUTlTlhDhmDEFXJL-CjU8

🚀 Why Businesses Fail Even When They Do Everything Right We’ve all seen it happen… A business with: ✅ Quality products ✅ Loyal customers ✅ Clean records & compliance ✅ A hardworking leadership team Yet, despite doing everything “right”, it still struggles or closes down. Why? 👉...

17/07/2025

UFC wishes you a good Day

01/07/2025

Time is Up when we all need to get tax done however KRA cares ...

29/05/2025

💼 Why Filing Your Taxes Early Matters 💼

As the tax season approaches, here’s a gentle reminder: file your taxes early — and here’s why it’s more important than ever:

✅ Avoid Last-Minute Stress
Waiting until the deadline can lead to mistakes, forgotten documents, and unnecessary panic. Early filing gives you time to gather everything you need and file accurately.

✅ Get Your Refund Sooner
If you’re expecting a tax refund, filing early means you’ll receive it sooner — and that extra cash can go a long way when planned well.

✅ Prevent Tax Fraud
Early filing helps prevent identity theft and fraudulent claims made in your name. Once your return is filed, it’s much harder for fraudsters to slip one in.

✅ Time to Plan Payments
If you owe taxes, early filing doesn’t mean you have to pay right away — but it gives you time to plan and budget ahead of the deadline.

Let’s make smart financial moves early this year. ⏳

28/02/2025

"Financial modeling helps small businesses thrive by forecasting cash flow, optimizing budgets, and identifying growth opportunities. It turns raw data into actionable insights, empowering owners to make smart decisions and secure funding with confidence." HighLight

01/02/2025

Title: Why Every Business Needs a Monthly Budget

Content:
Hey everyone! 🌟

Let’s talk about something crucial for any business, big or small - the monthly budget.

A monthly budget isn't just about keeping track of money; it's the blueprint for financial success:

Control Expenses: A budget helps you keep your spending in check, ensuring you're not overspending on non-essential items.

Cash Flow Management: Knowing when money is coming in and going out is vital. It prevents cash shortages that could disrupt operations.

Strategic Planning: With a budget, you can plan for growth, investments, or even tough times. It's your roadmap to where you want your business to go.

Performance Evaluation: By comparing budgeted figures with actual numbers, you get insights into your business's health, allowing for timely adjustments.

Debt Management: It helps in managing debts by planning repayments and avoiding unnecessary loans.

Tax Preparation: Easier tax filing because all financial activities are well-documented.

Start 2025 on the right foot by evaluating or setting up your monthly budget. It’s not just about surviving; it’s about thriving! 🚀

22/01/2025

TAX UPDATES
We wish to inform the General Public on Tax updates from the Kenya Revenue Authority (KRA) regarding amendments to PAYE computation as outlined in the Tax Laws (Amendment) Act, 2024. Please Note the following.

1. Deductible Amounts for Taxable Income:
=Affordable Housing Levy deductions will be available under the Affordable Housing Act, 2024, supporting employees in accessing housing.
=Contributions to a post-retirement medical fund will be capped at Ksh 15,000 per month, enhancing health security for employees after retirement.
=Contributions to the Social Health Insurance Fund (SHIF) will further improve access to healthcare.
=Mortgage interest deductions of up to Ksh 360,000 annually (Ksh 30,000 monthly) will assist employees in purchasing or improving their homes.

2. Changes to Tax Reliefs:
=The Affordable Housing Relief and Post-Retirement Medical Fund Relief will be phased out, but the overall adjustments aim to create a streamlined tax process.

3. Exclusions from Employment Profits:
=Benefits valued below Ksh 60,000 annually (Ksh 5,000 monthly) and the first Ksh
60,000 for employer-provided meals will not be taxed, allowing for greater take-home
pay.
=Gratuities up to Ksh 360,000 annually for those contributing to registered retirement
schemes will also be exempt from taxation, supporting employees during retirement.

These changes became effective on December 27, 2024, and present a positive opportunity for adjustments.

WHAT TO EXPECT ON YOUR PAY
a) Lower Taxable Income: With the introduction of new deductions, employees may see a reduction in taxable income and a decrease in PAYE taxes.
b) Streamlined Reliefs: While certain reliefs will be removed, this aims to simplify tax
calculations and enhance clarity.
c) Non-Cash Benefits: Tax exemptions on meals and gratuities will improve employees'
net income.
d) Net Pay Adjustments: Employees may experience changes in their net pay depending
on individual circumstances, with new deductions working to their advantage.
e) New Deductions: Payslips will reflect additional items, such as the Affordable Housing
Levy and SHIF contributions, fostering transparency.

We believe these changes will strengthen our commitment to supporting you and improve overall understanding of the tax framework.

22/01/2025

Starting in February 2025, the National Social Security Fund (NSSF) in Kenya will implement the third phase of increased contribution rates as specified in the NSSF Act of 2013. This adjustment aims to enhance retirement benefits for workers by gradually increasing contribution rates over five years.

Key Changes Effective February 2025:

1. Lower Earnings Limit (Tier I): The lower earnings limit for pensionable pay will increase from Ksh 7,000 to Ksh 8,000. Both employees and employers will each contribute 6% of this amount, resulting in a monthly contribution of Ksh 480 each, for a total of Ksh 960.

2. Upper Earnings Limit (Tier II): The upper earnings limit for pensionable pay will rise from Ksh 36,000 to Ksh 72,000. For employees earning above the lower limit, contributions will be calculated at 6% of the difference between their gross salary and the lower earnings limit, up to the upper earnings limit. For example, an employee earning Ksh 50,000 will see their total NSSF contribution increase from Ksh 2,160 to Ksh 3,000 monthly.

Employers are required to match the contributions made by employees, effectively doubling the total monthly contribution to the NSSF. These adjustments are part of a broader strategy to ensure that employees save adequately for retirement, aligning contributions with modern economic realities and inflation.

It is important for both employees and employers to prepare for these changes, as they will impact net salaries and operational costs, respectively. The increased contributions are expected to enhance the NSSF's capacity to provide more substantial benefits to its members upon retirement.

For detailed information and personalized calculations, individuals and organizations are encouraged to consult official NSSF communications or financial advisors.

20/01/2025

The quickest way to become poor is to spend what you don't Have.

16/01/2025

January, the busiest time of the year for many, brings a flurry of activities and responsibilities for both individuals and organizations. In Kenya, parents are confronted with the necessity of managing school fees, rent, utilities, and personal development goals simultaneously. Some resort to loans or seek contributions from friends through online harambes to fulfill these obligations. Surprisingly, amidst these financial challenges, there are those acquiring luxury items like big cars and constructing houses. How do they manage in such tough economic conditions? At Ufini Financial Consultants, we specialize in providing expert guidance on navigating the complexities of January. Reach out to us for tailored solutions to enhance your business or personal growth. 😊 hashtag ,hashtag ,Sammy ogaloSteven Odhiambo

02/01/2025

🌟 Happy New Year 2025! 🌟

To our valued customers, we deeply appreciate your continued support. As we embark on this new year, we encourage you to take charge of January and plan your financial goals.

👉 2024 is behind us—now’s the time to review what worked and what didn’t. Let’s set out our financial activities and strategies to ensure a prosperous year ahead.

💼 Did you know? The Kenya Revenue Authority (KRA) has introduced a Tax Amnesty Program to help individuals and businesses clear their tax obligations with ease. This program is a golden opportunity to:

Resolve pending tax issues.

Enjoy waived penalties and interest on qualifying cases.

Start 2025 on a clean slate with your tax compliance.

We’re here to guide you through the process, from reviewing your finances to navigating the amnesty application. Don’t let tax worries hold you back—reach out today!

🚀 Let’s make 2025 a year of financial growth and freedom. Remember, , support local businesses, and build our nation together.

For more updates, follow us and let’s walk this journey together:
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18/12/2024

From us to you.... 🎄 🎁