Avoid the Tax Trap in 2021 – Value Added Tax
Have you ever tried to play smart and ended up regretting? Chances are you have. Well that is exactly what it feels like when you fail to remit your taxes by the due date, and it comes biting back.
How To Plan Your Financial Future Using Cash Flow Forecasting
One of the best ways to ensure that you have the financial stability you need for the future is by maintaining a cash-flow forecast. A cash-flow forecast is a list of all of your income and expenses, as well as how much money you expect to have in your bank account at any given time. …
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5 Essential Key Performance Indicators Every Small Business Owner Needs to Monitor
What started as just a passion or hobby has evolved into a successful business. But does thriving equate to growth? Depending on their objectives, various businesses will employ different methods for measuring growth. The effectiveness of a company’s expansion plan and the number of loyal consumers it attracts may both be measured by the company’s …
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Common Mistakes Small Business Owners Make & How to Avoid Them
Entrepreneurship is fueled by ambition and hope, but it doesn’t negate the need for caution. Recklessness does have a price, and for the startup firm, a few missed information can pile up quickly.
8 Key Factors to Consider When Choosing Accounting Software For Small business
Have you made the decision to switch to the use of accounting software for your small business? Good idea! It’s totally worth it. Accounting software is essential for running a healthy business. The benefits of using accounting software for your small business are far too many than the cost. For every business owner, particularly a …
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Benefits of Accounting to Small Businesses
Let’s face it. You didn’t go into business to keep records! You started it because you were good at what you did and you wanted to earn money from it – even a profit after a short while. But Bookkeeping and Accounting? That said, accurate up-to-date financial information about your business is extremely useful. As …
Necessary Tech Tools for Small Businesses
With the world now virtually leveraging on technology, business is becoming more dependent on it, making investments in it and incorporating the right technology tools in the daily operations of an organisation more than necessary for the business owner. Engaging the right technology for your business enhances data flow, tracks processes, preserves and ceaselessly updates …
As BMAC Invoicing Application Takes The Lead In Electronic Invoicing
Information Technology (IT) has become a soothing balm for businesses. As it races without hold, upturning and reinventing civilization every passing day, businesses and every facet of modern life are running along and improving in all aspects. The invoice is one of such areas. A printed piece of paper is always handed out as a …
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ICAN, ANAN In Renewed Rivalry
The move by the House of Representatives to get the Chartered Institute of Forensics and Certified Fraud Examiners of Nigeria (CIFCFEN) established in the country has set the Institute of Chartered Accountants of Nigeria (ICAN) against the Association of National Accountants of Nigeria (ANAN) in a renewed rivalry that may again linger for a while. …
Twitter Ban: The Outrage, The Option for Business
Twitter’s indefinite suspension by the Nigerian government still lingers and it remains uncertain how long the ban will be in place notwithstanding the outrage it has generated. For civil society groups, it’s an attack on free speech by the Government. More than that, business and economy analysts argue that the ban will affect the country’s …
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THE 2020 FINANCE ACT; 25 Key Changes To Take Note Of.
The Finance Act 2020 became effective from 1st January, 2020. Below are the 25 key changes brought about by the Finance Act: All corporate organizations are required to maintain books or records of accounts with sufficient information on their transactions. Failure to submit these records to the Federal Inland Revenue Service (FIRS) will attract a …
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