Business Management,Finance &Tax

Taxation  is play a very important role in the management of every economy and must be designed in a way that everyone contributed to the national development To ensure the  economy productive and sustainable, is to expand trade and to create jobs to all citizens. Consultation with  various stakeholders  need proper reviews to ensure tha the new regime when implemented would reflect the country economic management priority. Economic activity reflects a balance between what people, businesses, and governments want to buy and what they want to sell. In the short run, demand factors loom large. In the long run, though, supply plays the primary role in determining economic potential. Our productive capacity depends on the size and skills of the workforce; the amount and quality of machines, buildings, vehicles, computers, and other physical capital that workers use; and the stock of knowledge and ideas. Incentives By influencing incentiv...

The mobilisation of domestic resources is improving steadily in African countries, according to new data from Revenue Statistics in Africa 2017 released Friday in Addis Ababa, Ethiopia. This was disclosed at a meeting of tax and finance officials from 21 African countries hosted by the Department of Economic Affairs of the African Union Commission (AUC). The average tax-to-GDP ratio for the 16 countries covered in this second edition of the report was 19.1 percent in 2015, an increase of 0.4 percentage points compared to 2014.  The release copied to the Ghana News Agency, each country has experienced an increase in its tax-to-GDP ratio compared to 2000, with an average rise of 5 percentage points. It said revenue Statistics in Africa 2017 includes revenue data for twice as many countries as the first edition, providing comparable data on tax and non-tax revenues. The 16 participating countries were: Cabo Verde, Cameroon, Democratic Republic of Congo, Côte d'Ivoire, Ghana, Kenya,...

       Business in the current age need to adopt and effective robust asset management system and programmes to enhance their efficient operation.    In today digital age, business failed to pay attention to their asset and end up spending huge some of money on them later instead of maintenance .This could be resolve if organization put adequate maintenance plan in place to increase their    life span of their asset and equipment.     Asset management when implemented properly will impact positively on the well being of all industrial establishment and could help organization to achieve their goal and objectives.Asset life cycle is likely to increase if it inculcate the culture of maintenance and concept of asset management and that organization begin to train their staff to understand the important of asset management programmes.    In addition to the above, asset management will    help busin...

I’ll start with some key points that will enable your organization’s customer care work to become valued and considered critical to driving growth. . The work must rise above the fray of being defined by problem solving or chasing survey scores. The following  5 Customer Leadership Competencies  clarify the enabler of embedding these competencies into the organization. They define leadership behavior of world-class organizations focused on customers and employees. And they impact how these organizations decide to grow, how they lead in unison, how they identify and resolve issues, and how they collectively build a ‘one-company’ experience. 1: Honor and Manage customers as assets Know the growth or loss of customers and care about the “Why?” The goal here is to align leaders to make a defining performance metric – the growth or loss of your customer base. Customer Asset Measurement is about knowing  what customers actually did  to impact business growth or...

Business success typically requires hard-work, commitment and dedication. However, there are a couple of secrets, the knowledge of which can help significantly drive business success. Jumia Travel, the leading online travel agency, shares best-kept secrets of business success. 1.Have a Worst-to-Best Scale The best way to avoid bad business decisions is to first recognize them, and one of the best ways to do this is by evaluating your business on a worst-to-best scale. Once you are able to recognize bad business decisions, it will be easier to eschew them, then identify the best options for your business and pursue them, which can significantly help to drive business success. 2.Create Visual Reminders of Long-Term Goals When trying to achieve business success, it’s easy to get ‘caught up in the daily grind’ and do things that are familiar, rather than things required for growth and profitability. Having visual reminders of your long-term goals can really help to create ‘...

Total Tax Revenue  The United States raises less tax revenue as a percentage of gross domestic product (GDP) than most other countries in the Organization for Economic Co-operation and Development (OECD). In 2003, taxes in the United States, including all levels of government, amounted to 25.6 percent of GDP, compared with 33.9 percent for other countries in the Group of 7 (G7) and 34.7 percent for non-G7 OECD countries. The United States raises more personal income tax and property tax as a share of GDP than other OECD countries, but less corporate income tax, Social Security contributions, and taxes on goods and services.         US taxes are low relative to those in other developed countries. In 2014, US taxes at all levels of government represented 26 percent of GDP, compared with an average of 34 percent of GDP for the 34 member countries of the Organisation for Economic Co-operation and Development (OECD).  Among OECD countri...

One fundamental question plagues countless small businesses: How to grow and keep the business going. Maybe you're not gaining enough customer traction, or maybe you've hit a wall and sales are flat. In any case, the plan just doesn't seem to be working, at least not as you hoped it would. I'm willing to bet that you've tried, are trying, or are willing to try all sorts of incremental strategies to solve the problem. But more often than not, they're not going to work. Why not? Well, you're probably not a business expert. Don't feel too badly about that; few business owners are. They start companies because the opportunity arises, they're subject matter experts, or they're passionate about doing something. In any case, they probably don't know a whole lot about what it takes to achieve sustainable growth. The way to do that isn't rocket science, but the funny thing is this: Every time I explain it to a CEO or business owner, they...

These secrets will keep your business sustainable for decades. But, answer these first.Will your business still be sustainable (active) in the next five to ten years? If you've sold your products to everyone you could reach, what will happen to your business? If you don't have concrete answers to these questions, it's time you review your sustainability model. Or create one, if you don't have. The major drawback of many technology businesses is a vague view of sustainability. Many companies are too satisfied with immediate returns on their one-off projects, that they fail to see the continuous drop in their audience. Your products will soon saturate the market. What will you do by then? I've highlighted three methods global brands like Google, IBM, Microsoft, Facebook and web-based software employ to remain relevant. 1. REPEAT BUYING The first one is repeat buying. We often call this up-selling and cross-selling No matter how vast your ...

The current global development framework and the UN Sustainable Development Goals (SDGs) charges each country with the primary responsibility for its “own economic and social development”, and accordingly emphasizes the crucial role of domestic resource mobilization for financing the implementation of the SDGs. Ghana’s attainment (in 2010) of a lower middle-income country status has resulted in significant reductions in donor inflows and opportunities for concessional borrowing. Between 2010 and 2014, average gross ODA to Ghana amounted to US$ 1.43 billion per year, compared to US$ 2.58 billion between 2005 and 2009. This declining trend becomes even more apparent considering that net ODA to Ghana as percentage of Gross National Income (GNI), fell from 16.34% in 2004 to 2.18% in 2013. This means that implementation of Ghana’s development goals will require innovative means of sustainable revenue generation and financing. The question of what has to be done differently is thus an ...