Helping SMEs deal with growth, operational challenges and reduce failure rate

A trader sells cooking pots at Gikomba market, Nairobi on July 11, 2021. PHOTO | LUCY WANJIRU

The Micro and Small Enterprises Act 2012 defines micro enterprises as a firm, trade, service, industry or a business activity whose annual turnover does not exceed Sh 500,000 and whose total employees are less than 10 people.

Unrealistic and restrictive as it is, and where as a good chunk of Small and Medium Enterprises are left outside the scope of this act, it is the only direct legal infrastructure targeted at SME support that I have come across.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.