As Accountants, we understand the importance of financial stability and growth for any business, especially small and medium-sized enterprises (SMEs). Growing a business can seem like a daunting task, but with proper planning, strategies, and execution, it can be achieved. In this article, we will discuss some effective ways for SMEs to grow their business.

Tax season can be a stressful time for businesses, especially for B2B businesses with turnover of N30 million or more in Nigeria. However, with careful planning and knowledge of the tax code, you can maximize your deductions and potentially save your business significant money. In this blog post, we will share some essential tips on

The Nigerian economy is currently facing various challenges that have affected the growth of businesses in the country. One of the most significant challenges is the high cost of doing business, which has affected both the fast-moving consumer goods (FMCG) and small and medium-sized enterprises (SMEs) sectors. However, despite these challenges, there is still room

Forensic Audit is generally aimed at preventing and detecting irregularities, including fraud, embezzlement and corruption. It takes and makes the application of auditing skills to have legal consequences; and “generally accepted accounting principles” that are recognized by accounting professional bodies as appropriate for reporting financial information relating to Government or otherwise. A suspicion of a

Introduction: The Central Bank of Nigeria (CBN) plays a crucial role in managing the country’s foreign exchange market, ensuring stability, and facilitating economic growth. As with any dynamic market, operational changes are often implemented to adapt to evolving economic conditions and achieve desired policy objectives. In this blog post, we will explore the current operational

Direct Taxes Relevant to SMEs: Indirect Taxes Relevant to SMEs: It is important for SMEs to understand the applicable direct and indirect taxes in their jurisdiction, comply with the relevant tax laws and regulations, and effectively manage their tax obligations to ensure legal compliance and financial stability. Consulting with a tax professional or accountant can

As with any specialized field, the tax laws in Nigeria have their own unique set of vocabulary that may be confusing to individuals who are not familiar with the terminology. In this blog post, we will explore some of the most important tax-related vocabulary that you should be familiar with when navigating the tax system