Navigating Nigeria’s tax system can be challenging for businesses, especially when determining whether to file with the Federal Inland Revenue Service (FIRS) or Lagos State Internal Revenue Service (LIRS)....
Value Added Tax (VAT) is a crucial part of doing business in Nigeria, yet many entrepreneurs struggle with compliance. At Faturoti Taiwo and Co., we help Lagos businesses navigate...
By Faturoti Taiwo and Co. – Trusted Chartered Accountants in Lagos, Nigeria In today’s competitive economy, businesses in Nigeria—especially small and medium-sized enterprises (SMEs)—are seeking ways to not only...
Tax compliance is a critical aspect of running a successful business in Nigeria. Yet, many businesses—whether startups, SMEs, or large corporations—fall into common tax pitfalls that can result in...
Filing company tax returns in Nigeria is a legal obligation for all registered businesses. Proper tax compliance helps avoid penalties and ensures smooth business operations. This guide will walk...
The Nigerian Government through the Federal Inland Revenue Service, FIRS, announced the VAT Direct Initiative, a scheme that would enable FG to collect Value Added Taxes from the informal...
What is a cash flow problem and why happen so often in all types of business? The phrase cash flow problems generally refer to money not being available for...
This Budget Performance Report for Ekiti State is prepared quarterly and issued within four (4) weeks from the end of each quarter. The 2022 Budget christened “Budget of Legacy...
According to the CBN, some IMTOs and unlicensed companies continue to facilitate diaspora remittances into the country in Naira, in clear contravention of the CBN directive that all remittances...
President Muhammadu Buhari signed into law the Companies and Allied Matters Act (CAMA) on August 7, 2020. The new CAMA 2020 is Nigeria’s most significant business legislation in three...