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 Management ... 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 given ... 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 to ... 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 Federal ... 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 however ... 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 for ... Read More
In plain terms, taxation has been described as a way of making persons, individuals and companies contribute to growth and development of a country, through payment of money via legalized levies according to their level of income or any other ... Read More
WHY OUTSOURCE YOUR ACCOUNTING SYSTEM
Starting a business as an entrepreneur is because you had a dream. You saw a need or a problem common to many individuals or businesses, and you had an idea for a product that would meet ... Read More