Income tax in Nigeria is a relatively broad term and it includes several types of incomes taxes that have been imposed on the individuals as well as the companies that are working in Nigeria. Following are some of the mist important income tax terms that are used when it comes to Nigeria: Rental Income tax […]
Accounting service for small business Accounting service for small business is a process that requires extreme care and professionalism to make sure that the business expectations are met. Often the people or firms providing such services make sure that the command and control remains in their own hands but on the other hand they report
The idea of accounting for small business is a complex one as the related department as well as the overall structure of the company should be in line with the requirements of the company to make sure that the outcome is the one which makes sure that the business financial forecasts are the best
ACCOUNTING FOR SMALL BUSINESS 6 POINTS TO NOTE 1 Read More »
The Institute of Charted Accountants of Nigeria (ICAN) is the sole governing body which ensures that all the accounting and auditing standards are met in the organizations doing businesses in the country. When it comes to auditing the most important part is that of Audit report and for the same reason while teaching the students
SME AND EVERY BUSINESS NEED CASH FLOW TO SURVIVE Whether you are running an existing or start up a new company, you need a very good cash flow to succeed According to Dun & Bradstreet: “90% of small business failures are caused by poor cash flow. Put simply, not enough cash coming in the door
SME AND EVERY BUSINESS NEED CASH FLOW TO SURVIVE Read More »
Small business accounting services is not just the name of record keeping, managing transactions and recording invoices. It is a very large concept that has embedded within itself the professionalism and the overall maintaining of the structure in the best possible manner. To make sure that the small business accounting services is working in
Companies Income Tax Act 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
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
INCOME TAX QUESTIONS Since its launch the Nigerian Inland Revenue System (NIRS) has made sure that the income tax questions are not only made easy but the related processes are also made trouble-free. However is it also to be noted that in July 2014 a very important decision has been taken in this regard which
COMPANY INCOME TAX QUESTIONS There are several income tax questions that a user needs to answer in relation to the returns that are filed with the government. The income tax returns are always filed according to the questions and answers that lead the government towards the fact that the tax calculation is done in a
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