As a Business Owner, if you want to save yourself from heavy tax liabilities you must keep accurate business records. Many business owners pay excessive taxes just because they did not operate a system that allowed them to keep track…
Building a business requires capital and unless you have enough money in savings to bootstrap your business, you will need some form of financing to grow your company and achieve your goals. To raise capital for business needs, companies primarily…
Every company (including non-residents companies doing business in Nigeria) and companies, which are exempted from incorporation in Nigeria are required to prepare and file on self assessment basis, with the Federal Inland Revenue Service (FIRS), audited accounts and income tax…
VALUE ADDED TAX The Value Added Tax Act imposes value added tax (VAT) as a consumption tax on the supply of all goods and services (known as taxable goods and services) other than those which are listed as exempt goods…
Given the importance of cash flow in times like this, companies should immediately develop a plan for cash management as part of their overall business risk and continuity plans. In responding to the immediate challenges, the following steps could be…
Uncertain times are here and just wishing them away will be like living in a dream land. In order to really make money and thrive in this uncertain period , the following steps are to be be taken; 1. TAKE…
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Monday, 13th January,2020 Nigeria’s President signed the finance bill into law Here are some facts you must know about the bill. The law will increase the value-added tax (VAT) from 5% to 7.5 per cent. Stamp duty on bank transfers…