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12 common risks SMEs ignore until it’s too late

  Business owners are brave. They’ve created a product or service they believe meets a need or solves a problem and then pour their heart and soul into turning that into a successful business. Smart business owners plan. Even smarter ones do business risk ... Read More

REASONS WHY COMPANIES OUTSOURCE THEIR PAYROLL

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, choosing ... Read More

TAXATION OF SPECIAL BUSINESSES

    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

REASONS WHY COMPANIES OUTSOURCE THEIR PAYROLL

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

DOES YOUR BUSINESS NEED A BOOKKEEPER?

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 ADMINISTRATION IN NIGERIA

    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

Business Matters

QUICK TIPS ABOUT REGULATORY INTELLIGENCE IN NIGERIA

    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

ARE YOU AN ACCOUNTANT OR SMALL BUSINESS OWNER? WHY YOU NEED SAGE ONE CLOUD ACCOUNTING SOFTWARE

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

ROLE OF CHIEF COMPLIANCE OFFICER

  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

12 common risks SMEs ignore until it’s too late

Welcome to the third session of our 2025 IFRS Refresher Course! In this session, we dive deep into key standards that are crucial for understanding the financial reporting landscape:

IFRS 9: Financial Instruments.

IFRS 7: Financial Instruments - Disclosures

IAS 32: Financial Instruments - Presentation

https://youtu.be/XJCSU32VIxI

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