Implications of Non-Compliance under the revised Income Tax (Transfer Pricing) Regulations, 2018
The Federal Inland Revenue Service (“FIRS” or the “Service”) recently published the revised Income Tax (Transfer Pricing) Regulations, 2018 (the “Regulations”) with commencement date on 21st day of March, 2018 and will be applied to the basis periods ... Read More
There are twelve months in the year, keeping your business in good shape is very important. A good place to start is to reflect on the past year, and get a clear understanding of what success looks like in 2018.
Below are few tips ... Read More
Sage One is an online accounting and payroll solution that supports entrepreneurs and small businesses. It is designed to keep your business on track and prevent errors, while giving you access to your accounts from anywhere, and at anytime.
Sage One ... Read More
Tax being a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by the government in order to generate revenue. Aside being a means to generate revenue is enforced by federal, state ... Read More
Nigeria’s economy still attractive for foreign investment
Nigerian economic climate is still attractive for foreign investments, despite its present challenges.
Nigeria is the largest economy in Africa, with Gross Domestic Product (GDP) of 549.6 billion dollars, is still attracting foreign investments especially from private equity funds. Amidst the challenging economy, Nigeria’s foreign direct investment ... Read More
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
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
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
