Filing taxes is a statutory requirement that many individuals and businesses must undertake. While it’s often viewed as a mandatory task, it’s important to recognize that filing taxes brings forth a multitude of benefits such as tax clearance certificate that…

Budgets are a planning tool businesses use to manage their finances effectively. Budgeting involves developing a plan of your business activities or projects for a period of time, usually a year. In planning these activities, such as monthly sales and…

Introduction: Taxation is an essential component of any country’s financial system, playing a crucial role in sustaining public infrastructure, services, and economic growth. In Nigeria, both individuals and businesses are required to fulfill their tax obligations by adhering to specific…

Capital gains tax is a form of tax imposed on the profit or gain derived from the sale or disposal of capital assets. In Nigeria, capital gains tax (CGT) is governed by the Capital Gains Tax Act Cap C1 LFN…

TERTIARY EDUCATION TAX   Introduction: In Nigeria, tertiary education plays a vital role in the country’s socioeconomic development by equipping individuals with the knowledge and skills necessary for national progress. To ensure the sustainable funding of tertiary institutions and the…

Bookkeeping is an essential part of any business, and it involves keeping track of financial transactions, including purchases, sales, receipts, and payments. Bookkeeping helps businesses maintain accurate financial records, monitor cash flow, and prepare tax returns. However, bookkeeping can be…