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The Social Health Authority (SHA) was established to consolidate contributions made under the Social Health Insurance Act. Its primary functions include acquiring healthcare services from approved and contracted healthcare providers and ensuring that quality healthcare services are delivered to beneficiaries. Additionally, the SHA manages contributions for vulnerable populations, including the indigent and those in lawful […]

How to Register for SHA: Accessing the SHA Portal for SHIF Registration As we transition from the National Health Insurance Fund (NHIF) to the Social Health Insurance Fund (SHIF) on October 1, 2024, employers must ensure their employees are registered by the September 30 deadline. At Prisms Accountants, we aim to guide businesses through this […]

In the competitive world of business, staying ahead requires more than just managing day-to-day operations. One of the most powerful tools for ensuring the long-term success and growth of your business is conducting regular audits. While audits are often viewed as a compliance necessity, they offer significant benefits that can drive business growth. This article […]

Running a small business comes with numerous responsibilities, and accounting is one of the most crucial aspects. Proper financial management is essential for the success and sustainability of any business. However, many small businesses often make common accounting mistakes that can lead to serious financial issues. In this article, we’ll explore the top five accounting […]

Tax planning is an essential part of financial management for any business. As the new financial year approaches, taking the time to plan your taxes can help you minimize liabilities, maximize savings, and ensure compliance with tax regulations. Here are some key tax planning tips to help you prepare for the upcoming financial year. 1. […]

Financial advisory services are often perceived as a luxury reserved for large corporations, but they offer significant benefits to businesses of all sizes. Whether you’re a small startup or an established enterprise, engaging with financial advisors can be a game-changer for your business. Here’s how financial advisory services can transform your business and why they […]