Articles

What is VAT (Value Added Tax)? Value Added Tax (VAT) is a consumption tax levied on goods and services supplied in Nigeria and imported into Nigeria. It is currently charged at the rate of 7.5%. It can also be defined…

Financial Advisory for Businesses in Nigeria  Financial advisory is a service provided by professionals who offer guidance and expertise on various financial matters to individuals, businesses, or institutions. These professionals, often known as financial advisors or financial consultants, help their…

HOW TO AVOID MULTIPLE TAXATION What is Multiple taxation? Multiple taxation refers to the situation where businesses are subject to various taxes and levies imposed by different levels of government, resulting in a significant burden on their financial resources. The…

How to Register as a POS Operator with CAC The Corporate Affairs Commission (CAC) had, on Wednesday, 8th May 2024,  through its Registrar-General, Hussaini Magaji (SAN), mandated all persons involved in the Point Of Sales (POS) business operations to be…

THE ROLES OF NSITF IN NIGERIA What is NSITF (Nigeria Social Insurance Trust Fund)? The Nigeria Social Insurance Trust Fund is a proactive and employee dedicated government institution committed to the welfare of employees in the event of work related…

Regulatory Compliance Certificates Contact us to process your compliance certificates which includes; NSITF (Nigeria Social Insurance Trust Fund) Certificate ITF (Industrial Training Fund) Certificate PPA (Public Procurement Agency) Certificate FIRS Tax Clearance Certificate PENCOM (National Pension Commission) Certificate SCUML (Special…

What is SCUML Certificate? SCUML stands for the Special Control Unit against Money Laundering, and it operates under the Economic and Financial Crimes Commission (EFCC) in Nigeria. SCUML registration is required for different entities engaged in certain designated non-financial businesses…

The Role of Auditing and Internal Controls What is Auditing? Auditing is a systematic process of examination and evaluation conducted by independent professionals to verify the accuracy, reliability, and completeness of financial information, transactions, systems, and processes within an organization.…

What is Forensic Auditing? Forensic auditing is a specialized field of accounting that focuses on investigating financial records, transactions, and activities to uncover fraud, embezzlement, financial misstatements, and other irregularities. It involves applying accounting, auditing, and investigative techniques to analyze…

3 Deadly Mistakes to Avoid as a Business Owner in Nigeria