Special Business Tax (SBT) is another kind of indirect tax introduced in 1992 to replace Business Tax. Certain businesses that are excluded from VAT will instead be subject to SBT. Special Businesses are so classified because of the peculiar nature of ... Read More

For many businesses, outsourcing of payroll services is a valuable alternative to in-house processing.  When chosen correctly, payroll services provide a less expensive and simpler means of paying employees, tax filing, and performing a host of other payroll related duties. However, ... Read More

Bookkeeping is an integral part of business management. Bookkeeping is the process of recording and maintaining financial transactions for your business, and it’s a great way to generate a detailed financial overview for your business whenever you need it. The discipline ... Read More

    Value Added Tax (VAT) was introduced by the Federal Government of Nigeria and is provided for by the Value Added Tax Decree 102 of 1993 which became effective in 1994 which requires manufacturers, wholesalers, importers and suppliers of VATable goods ... Read More

    It is common knowledge that regulatory provisions are ever increasing, especially in a country like Nigeria where there are multiple sectors, sub-sectors, and industries. Presently, there are over 1000 regulatory provisions cutting across regulators such as Central Bank of Nigeria (CBN), Advertising ... Read More

The world has gone beyond manual ways of doing things; as technology evolves in the 21st century, only organizations and small businesses that are smart enough use it as a form of leverage against competitors. Leverage gives one ... Read More

  The Chief Compliance Officer (CCO) plays a very important role in the attempt to ensure that a company complies with regulations guiding the profession. Every company with a department for regulatory compliance has a CCO. Compliance means establishing adequate supervision and ... Read More

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 useful for ... Read More