It has been 6 months of demanding work for most Auditors and Accountants. Most Companies in Nigeria are 31 December financial year-end. Some companies are 31 December due to:
Regulatory requirements e.g Banks, Insurers, Stockbrokers, etc;Desire to be aligned to Government fiscal year or personal ... Read More
Privacy Policy
Last updated: December 26, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve ... Read More
The Finance Act 2020 is the most recent developments within the Nigerian tax space. The Act amended seven major tax laws in Nigeria to make them suitable to meet present economic realities.
The tax laws affected are:
Companies Income Tax Act;... Read More
The position of the law on stamp duty recently is that it is the responsibility of the FIRS to collect stamp duty on behalf of the Federal Government. This is the tenable position in the light of available evidence.
In the first instance, since 1939 ... Read More
FIRS Circular on Payment of Income Tax on Bonds and Government Securities
We recently had an insightful IFRS Webinar led by Abiola Fajimi FCA and Babatunde Abimbola ACA, focused on key aspects of IFRS and its application. Key topics discussed include:
IASB Conceptual Framework & IAS 1: Presentation of Financial Statements
IAS 8: Accounting Policies, Changes in Accounting Estimates, and Errors
IFRS 15: Revenue from Contracts with Customers
IAS 21: Effects of Changes in Foreign Exchange Rates