Employees in Kenya can now easily generate P9 forms online and file tax returns, thanks to a revamped payroll platform by FaidiHR.
The P9 form is an important document that summarises an employee's earnings and deductions for a particular financial year.
It is a crucial document that is required for various purposes such as applying for loans, filing tax returns, and verifying employment history.
Additionally, it helps the government monitor the taxes paid by individuals and companies, ensuring compliance and accountability.
The platform automates the payroll process, enabling businesses to pay their employees accurately and on time.
is a revolutionary HR & payroll platform that offers a wide range of services to cater to the unique needs of businesses of all sizes in Kenya.
"The platform is designed to streamline HR processes and improve organisational efficiency, saving businesses time and resources,” FaidiHR CEO Peter Muchemi said.
The platform automates the payroll process, enabling businesses to pay their employees accurately and on time.
Data from the Kenya Revenue Authority (KRA) shows a modest 84,428 out of the 759,164 firms registered for corporation tax paid their dues for the year ended June 2022, reflecting a compliance rate of 11.12 per cent.
With FaidiHR, these businesses can upload employee data, including salary information, benefits, and deductions, and the platform automatically generates pay slips.
This feature ensures that employees are paid accurately, and businesses can avoid the legal and financial implications of payroll errors.
The firm's platform also enables businesses to manage their employee data from a central location.
This feature ensures that employee information is accurate, secure, and up-to-date, reducing the risk of errors and security breaches.
"I believe we have an essential tool for businesses that want to stay competitive, efficient, and compliant in today’s first-moving world,'' Muchemi said.
