Terms

We have been engaged to audit and report on the financial statements of the company to be presented to the shareholders. Accordingly, we are required by the Companies and Allied Matters Acts of Nigeria, CAP C20 LFN 2004 to carry out our audit free of any restrictions. Although we will be pleased to advise and […]

The Finance Bill, 2019

The Finance Bill, 2019 (the Bill), presented by President Muhammadu Buhari alongside the 2020 Appropriation Bill to a joint session of the National Assembly on 8 October 2019, has been passed by both the Senate and the House of Representatives.Submission of a “finance bill” or fiscal legislation with the budget/Appropriation Bill is not new in […]

Dividend Tax (Section 19)

The application of dividend tax as become something lot of companies don’t put in perspective when considering if to declare dividend or not. It is quite understandable that most business entities tend to be more concern about pushing business progress than considering the consequences especially on tax matter. I think it should be of more […]

Tax Tip

In resent time, tax audit has been the order of the day both from The Federal Inland Revenue Service and State Internal Revenue Service. It is true that government of the day is currently going through the hardship of fulfilling all campaign promises with the little fund available from the sharp drop in crude oil […]

Federal Inland Revenue Service – Tax Clearance Certificate (TCC)

I have received several question on the process to follow in getting a tax clearance certificate (TCC). First what is a TCC? TCC is a certificate issued by the Federal Inland Revenue Service to incorporated companies for every tax year (Tax year means January to December each year). The issuance of a TCC indicates that […]

Accounting Service

This service is channeled basically to the SME clients that cannot afford to engage an accountant but need to keep its books in line with the requirement of relevant laws and for business growth evaluation. We maintain accounting database for all our clients in this category and we deliver monthly reports for critical business decisions. […]