Tomno B

All in or nothing

[Codie Sanchez @Codie_Sanchez]

You’re supposed to use every unfair advantage you have. Connections, looks; money, all of it.

You're not noble by picking the hardest path just to look like an underdog.

[Agatha🦋 @__chinwe]

Shout out to the companies that gave us a chance with zero experience

[Samrah @_Chemist1]

The most awakened person in a family is usually isolated, silent, and alone.

[CPA Wachira Joseph @WashiraX]

Kenyan tax law is tricky, and sometimes entertaining.

There are guys called H-N-F.
High Networth Freelancers.

They earn in dollars. Think in dollars. And price everything in dollars.

But now, in Kenya, taxes are crazy.

A freelancer earning 10M annually,

Pay taxes worth 3M shillings.

• That is 30%.

They do not like that. So they get creative.

They look for low-tax countries:

- Dubai, Mauritius, cayman islands, etc.

They register brief case companies there.

- As sole directors & sole shareholders.

Clients pay directly to those companies.

The company pays Zero or very low tax.

• Then sends money to Kenya as dividends. Withholding tax about ~5%

- So tax drops from 30% to 5%.

Same 10m. Tax now is 500,000.

But unknown to them. There is one dangerous sentence chilling quietly in Kenyan tax law.

It reads:

• Any company managed and controlled from Kenya, is a Kenyan resident company.

Meaning:
- You own the company in Cayman
- But run it from your laptop in Nairobi

That is a Kenyan company.

And Kenyan companies must pay Kenyan taxes.

So one day KRA audits the freelancer. He pays zero taxes in Kenya.

He says he earns dividend from his Cayman company.

KRA asks for the registration documents. And finds he is the sole director.

- KRA Taxes the company in Kenya
- Adds penalties for tax evasion
- And goes for him as the representative to pay

Lesson.

• Structure your offshore company properly.

• Or KRA will structure it for you.

[Elon Musk @elonmusk]

🇰🇪 Starlink helping schools in Kenya 🇰🇪

[yimika. @yimikaaaa]

ur whole life can be altered just by associating with someone. so yes. be selective.

[David @Justtdavid_]

i hate how people assume your life is easy just because you do not talk about the things you go through.

[𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉 @OrevaZSN]

“Do you work well under pressure?”

Is this a job that involves real urgencies like an ER or a fire department, or is the pressure manufactured through poor management, uneven workload distribution, and inflated importance at the upper management level?

[Mercy @Frankhavemercy]

One of the most overlooked forms of wealth is having complete ownership of your time.

Waking up and knowing nothing about your day will be decided by someone else is priceless.

[KABUGO @Kabugo_]

Silence confuses people. They think nothing is happening. Meanwhile, destiny is doing overtime.

[jonzing. @ehisssss]

i think very highly of myself; not out of ego, but because of growth. i know exactly what it took for me to become me.

[𝗠𝘂𝗵𝗲𝗲 ♛ @muheediva01]

As a retired oversharer, take it from me: keep your business to yourself. Even the slightest of info.

[Arti Shah @TechByArti]

During a job interview, if they ask: "Your Current Salary is $50,000. Why Are You Requesting $80,000?"

USE THE GOLDEN RESPONSE:

[SokoAnalyst @SokoAnalyst]

The future belongs to businesses that can sell locally, operate digitally and compete globally.

[Samrah @_Chemist1]

High-standard people silently cut EVERYONE off at the first sign of disrespect, without a single announcement. Iconic behavior.

[KHAN'✨ @khanofkhans11_]

I admire people who keep their shit private. It takes so much discipline. We are in the clout generation.

[Adele @Adele_lide]

Kenya is the 7th largest Economy in Africa. The highest in history. President Ruto is overworking.

[Mind and Glory 🎖 @mindandglory]

An intelligent man never lets urgency from others override the patience his strategy requires.

[SokoAnalyst @SokoAnalyst]

Customers can forgive delays. They rarely forgive dishonesty.