How to Generate Tax Identification Number What is Tax Identification Number (TIN)? "TIN" stands for Taxpayer Identification Number. It is a special identifier issued by the tax authority of a country to individuals and corporate organizations for the purpose of…
Implications of the new Expatriate Employment Levy On Tuesday, 27 February 2024, President Bola Ahmed Tinubu, GCFR, launched the Expatriate Employment Levy (EEL). The EEL is a government-mandated contribution imposed on organizations which engage expatriate workers in Nigeria, subject…
What is Financial Reporting? For many businesses, the growth and expansion phase is an exciting time. It creates new opportunities, brings in new customers, and generates more revenue and higher profits. However, if your team lacks crucial financial reporting and…
DIFFERENCE BETWEEN INTERNAL AND EXTERNAL AUDITING Auditing can be define as the process of reviewing and confirming your financial reports. Audits verify that you have created accurate and reliable financial reports and that no fraudulent activities are happening within the…
Basic Principles Of Taxation In Nigeria As a matter of fact and obligation, every individual, whether resident or non-resident in Nigeria, persons in paid employment or businesses, or persons who derive their income from Nigeria, as well as companies that…
What are Accounting Advisory Services? Accounting Advisory Services encompass services that you provide to clients that assist them to make informed financial decisions and reach their organizational goals. These include cash flow forecasting advising, offering insights into tax planning and…
The Importance of Stocktaking in your Business A stocktake is a physical act of checking and counting the quantities of the stock held in an inventory or warehouse. The frequency of stock takes varies from business to business. Much of…
PROCEDURE FOR BUSINESS REGISTRATION IN NIGERIA - Business registration in Nigeria is a central process done through a Federal Commission. The Corporate Affairs Commission (CAC) was introduced under the Companies and Allied Matters Act (CAMA) to regulate the formation and…
Nigeria Social Insurance Trust Fund (NSITF) Registration in Nigeria In today’s world, many employers take advantage of employees through bad working conditions, health benefits, and no security. Standing up is hard for many and is the reason the Nigeria Social…
