Cloud accounting software is hosted on remote servers, and provides accounting capabilities similar to the SaaS (Software as a Service) business model. Cloud accounting software is particularly more ... Read More
The main reason for setting up any business is to make profit. Businesses can only make profit when they consistently meets the demands of their customers. Administration and compliance are essential parts of a business that attention should be ... Read More
Payroll is a company's records of its employee's wages, bonuses, and withholding's. Payroll is a major expense for businesses.
How does payroll work? Employees keep a record of the number of hours, days, or weeks that they have worked, depending on the ... Read More
It is common knowledge that companies that do not take auditing records seriously are positioning themselves for ominous compliance implications. Truly, servicing clients and managing employees can be tasking, yet, good records management should not be taken granted.
With Audit ... Read More
The Federal Executive Council, the highest Executive decision making organ in Nigeria just approved a new National Tax Policy for the country. The policy will now be endorsed by the National Economic Council to recognize the Federal System of Government ... Read More
With the current economic realities in Nigeria, it is evident that most organizations cannot withstand regulatory punches - yet, myriads are incessantly falling victims of such.
In 2015/2016 alone, regulatory tides were against large corporations that were fined over N1billion due ... Read More
FEDERAL INLAND REVENUE TAX AUDIT- How to Prepare For It
Did you get one of those scary audit notices from the FIRS in your mailbox? Do not fret because you are not alone. It is a yearly practice for the ... Read More
The Capital Gains Tax Act contains comprehensive guidelines on how Capital Gains should be taxed. It also included the terms, conditions, and clauses attached to their taxation. It is made up of 47 sections, with subsections embedded in them. It is ... Read More
An auditor, whether outsourced or internal must possess massive potential to be able to stand head and shoulder above his counterparts in terms of value provision. For auditors who do not possess these qualities, they cannot ride the wave of inefficiency ... Read More