Category: News

24

Apr2017

WHY WE NEED TO OUTSOURCE YOUR PAYROLL SYSTEM

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

21

Apr2017

Audit Management Software in Nigeria

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 for granted. With ... Read More

20

Apr2017

NIGERIA HAS A NEW NATIONAL TAX POLICY

  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

13

Apr2017

REGULATORY COMPLIANCE: Short term pain for long term gain

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

22

Mar2017

FIRS Tax Audit

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 ... Read More

13

Mar2017

TAX LEGISLATION-  An Overview Of  The Capital Gains Tax Act

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

09

Mar2017

Qualities of a Good Auditor

  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

06

Mar2017

Various Taxes in Nigeria; what you should know

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

26

Jul2016

WHY OUTSOURCE YOUR ACCOUNTING SYSTEM

  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

08

Jul2016

Steps to get your start-up on track

Steps to get your start-up on track From fledgling startups to well-established ventures, companies today need to be ready to pivot as unpredictable markets could demand a shift in a business model. At times, it can seem difficult (even impossible) to weather these extraneous forces -- especially ... Read More

WHY WE NEED TO OUTSOURCE YOUR PAYROLL SYSTEM

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:

  1. IASB Conceptual Framework & IAS 1: Presentation of Financial Statements
  2. IAS 8: Accounting Policies, Changes in Accounting Estimates, and Errors
  3. IFRS 15: Revenue from Contracts with Customers
  4. IAS 21: Effects of Changes in Foreign Exchange Rates
https://youtu.be/_A6xZTnimRA