Understanding the Common Reporting Standard Services In today’s globalized economy, businesses and financial institutions are increasingly interacting across borders. This heightened international activity brings with it a need for robust financial reporting mechanisms to ensure compliance with global tax regulations. One key initiative in this regard is the Common Reporting Standard (CRS). This comprehensive guide […]
The Ultimate Guide to Payroll Management Effective payroll management is crucial for the success of any business, but it becomes particularly important for small and medium businesses (SMBs) that need to balance operational efficiency with limited resources. Proper payroll management ensures that employees are paid accurately and on time while adhering to regulatory requirements. This […]
The Impact of Transfer Pricing Services on Tax Efficiency and Compliance In the increasingly complex world of global business, managing tax obligations efficiently while ensuring compliance with diverse regulatory requirements can be challenging. Transfer pricing services play a critical role in navigating these challenges, particularly for multinational corporations. This blog post explores how transfer pricing […]
How a Business Consulting Firms in Nigeria Are Revolutionizing Startups and SMEs In recent years, Nigeria has emerged as a vibrant hub for startups and small to medium-sized enterprises (SMEs). Amid this entrepreneurial boom, Business consulting firms in Nigeria are playing a pivotal role in transforming these ventures from nascent ideas into successful, scalable businesses. […]
How IFRS Advisory and Consulting Can Help with Complex Financial Transactions Navigating the complexities of International Financial Reporting Standards (IFRS) can be particularly challenging when dealing with intricate financial transactions. The nuances of IFRS, combined with evolving regulations and the need for accurate reporting, can overwhelm even seasoned finance professionals. This is where IFRS advisory […]
Role of Forensic Accounting and Investigation in Preventing Financial Fraud Financial fraud is a significant concern for businesses and organizations of all sizes. The consequences of fraud can be devastating, ranging from financial losses to reputational damage. In this landscape, Forensic accounting and investigation play a crucial role in not only uncovering fraud but also […]
Top 10 Tax Management and Planning Tips for Startups and New Businesses Starting a new business is an exciting venture, but it also comes with a myriad of responsibilities, including managing and planning for taxes. Proper tax management and planning can not only save your startup money but also ensure compliance with tax regulations. In […]
How Audit and Assurance Services Can Boost Your Company’s Financial Health In the competitive landscape of modern business, maintaining robust financial health is essential for sustainable growth and success. Audit and assurance services play a critical role in achieving and maintaining this financial stability. But how exactly do these services contribute to your company’s financial […]
Introduction The mandatory payment of 50% of tax assessed has been reversed. This is a fundamental change in the Rules. Now a taxpayer who intends to appeal would not need to pay 50% of the disputed tax into an account designated by the Tax Appeal Tribunal (TAT) as security for the appeal. Voiding Court Order […]
INTRODUCTION Pursuant to section 12(2)(a) of the NITDA Act (National Information Technology Development), companies and enterprises enumerated in the Third Schedule and having turnover of #100,000,000 and above are liable to pay a levy of 1% of their Profit before Tax (PBT), in the relevant accounting year. The Third Schedule provides; – Businesses which section12(2)(a) […]