Implications of the new Expatriate Employment Levy
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?
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
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
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?
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
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
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
Nigeria Social Insurance Trust Fund (NSITF) Registration in Nigeria In today’s world, many employers take advantage of employees through poor working conditions, health benefits, and no security. Standing up is difficult for many and is the reason the Nigeria Social…
Roles of Human Resource Management
Roles of Human Resource Management What is human resource management (HRM)? Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees. HRM is often referred to simply as human resources (HR). A company or…