Every business in Nigeria dreads the moment they have to file their Company Income Tax (CIT). The confusion, the endless paperwork, the fear of overpaying—it’s enough to give any entrepreneur sleepless nights. Here’s the good news: You don’t have to overpay or fear FIRS audits if you compute your taxes correctly. How is Company Income …
Year: 2025
Bookkeeping for Small Businesses: The Lifeline to Avoiding Tax Nightmares
Running a business in Nigeria is no small feat. Between keeping customers happy, chasing payments, and ensuring your operations run smoothly, bookkeeping often takes the back seat—until tax season comes knocking like an uninvited guest at your gate. If you’ve ever found yourself scrambling through receipts, bank statements, and handwritten notes, you’re not alone. But …
The Hidden Tax of a Favour
Obiora was not a careless man. He ran his logistics company with the discipline of a trader who knew that money had wings. But when Emeka, his old schoolmate, came to him with a request, he did not think twice. Emeka had secured an opportunity abroad but needed to prove steady earnings for his visa …