CompaniesIncome TaxAct in Nigeria is collected from both Nigerian as well as foreign companies. The rates are however different for both entities. Nigerian companies needs to pay tax based on their worldwide income whereas the foreign companies need to pay tax on their profits that are being made as a result of their business activities. …
In Nigeria the audit reports are standardized and they are governed by the rules and regulations that have been defined by the FRC or the Financial Reporting Council of Nigeria. This institution was established in the year 2011 and since then it has made sure that all the financial documentation of companies working in Nigeria is …
Audit is the most important financial action that is taken by any company and the businesses in this regard make sure that the process is carried in line with the requirements. The audit’s outcome is a report that is known as the audit report which is considered to be the best and the most authentic …
The term audit report refers to the disclaimer that has been issued by the internal auditor or the external one showing all the stakeholders, investors and the board of directors that what has been done while the accounts were being checked. The effect of the audit report is always multidimensional and for the same reason …
The audit report reviews revenues collected by Government Agencies on behalf of the Federation and payments made by the companies operating in Nigeria, such that these transactions follow the international standards and rules. For instance, audit report for oil & gas industry in Nigeria is prepared by chartered accountants appointed by National Stakeholder Working Group …
Accounting small business is done in the best possible manner if the system is implemented to make sure that the best is provided to the business owners especially during the startup. The accounting small business should consider that each and every dollar counts and therefore the spending is done in the best possible manner not …
It is one of the most unfortunate facts that small businesses sometime never pay attention towards the accounting side and for the same reason it is also to be noted that the accounting small business sometimes become a phenomenon that is considered to b very hard in situations such a audit and other related terms …
Gone are the days when only the large business associations and organizations used to focus on their accounts carefully making sure that every aspect abides the accounting standards. In this modern era of advanced science and technology the phenomenon of accounting services for small businesses has also gained new heights and it has made sure …
Most of the small business owners establish the business in a manner which makes sure that the best possible is done in this regard when it comes to cost effectiveness. In other words hiring an accountant is never considered while establishing a business. Accounting services for small businesses should therefore be focused on this idea …
Accounting and finance are two of the most important services that a business should focus on to ensure that smooth running of the operations. Accounting services for small business depends upon number of factors for its successful execution and the owners should keep in mind that a good accountant is a key to success and …
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