What is Capital Allowance? Capital allowance refers to the tax relief businesses can claim on certain types of capital expenditure. It's essentially a way for businesses to deduct the cost of certain assets from their taxable profits. These assets include…
PROCEDURES FOR OGTAN REGISTRATIO OGTAN stands for the Oil and Gas Trainers Association of Nigeria. It is an association established to promote the development and enhancement of local capabilities and capacity building in the Nigerian oil and gas industry through…
BENEFITS OF DIGITAL MARKETING Digital marketing refers to the promotion of products, services, or brands using digital channels such as search engines, social media platforms, email and websites. In our increasingly connected world, where the internet and digital technologies shape…
In the realm of business operations, compliance with taxation laws is not just a legal obligation but a critical aspect of financial responsibility and credibility. For businesses operating in Nigeria, the Federal Inland Revenue Service (FIRS) Tax Clearance Certificate (TCC)…
WHAT IS FINANCIAL AUDIT ? A financial audit is a detailed examination of an organization's financial statements and accompanying disclosures by an independent auditor. The purpose of a financial audit is to provide assurance to stakeholders that the financial statements…
Deadline Extension for POS Registration with CAC The Corporate Affairs Commission wishes to notify Fintech Operators also known as Point of Sales (POS) Operators that the initial deadline of 7th July, 2024 given for the registration of sole Agents, Super…
The Importance of Bookkeeping and Accounting Services In the world of business, financial management is crucial for sustainable growth and success. Among the fundamental pillars of effective financial management are bookkeeping and accounting services. While these terms are often used…
What is an Audit Report? An audit report is a formal document prepared by an independent auditor after conducting an examination and assessment of an entity's financial statements and related information. It serves to provide an opinion on whether the…
PRESS RELEASE! SOW Professional awarded at The Independent Business Awards : 2024 Independent Tax & Management Consultant Award Winner!* We are absolutely thrilled to announce that SOW Professional has been awarded as the Best Tax & Management Consultants, Nigeria Award…
What is Financial Management Financial management is the art and science of managing money effectively within an organization. It involves planning, organizing, controlling, and monitoring financial resources to achieve organizational objectives. This article explores the key components of financial management,…