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What a Small business needs to know about the amended Stamp Duty Act and Value Added Tax Act in relation to finance act 2019

Stamp Duty Act and Value Added Tax Act in relation to finance act 2019 Stamp Duty Stamp duty is generally known as tax that is levied on single property purchase or documents. For instance, stamp duty includes legal customers such as receipts, land transactions, cheques and so on. Stamp duty is the tax that government placed on legal documents, usually…

Debt Recovery Methods & Enforcements in Nigeria

DEBT RECOVERY METHODS & ENFORCEMENTS IN NIGERIA We offer debt recovery methods and enforcement procedures in Nigeria to guide our ardent readers without any obligation. We will ned to take a few definitions to continue this discussion. Debt collection is the process of pursuing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a…

How to start an Internet Service Provider Business in Nigeria

HOW TO START AN INTERNET SERVICE PROVIDER BUSINESS By Ayoade Apelegan An Internet Service Provider (ISP) is an entity that connects people to the internet and provides other related services such as website building and hosting. An entity offering transmission, routing or providing of connections for digital online communications, between or among points specified by a user, of the material…

Strategy Implementation

STRATEGY IMPLEMENTATION, FACTORS AFFECTING STRATEGY IMPLEMENTATION By Ayoade Apelegan “Strategy without process is little more than a wish list.” Robert Filek INTRODUCTION In many companies, the main focus regarding strategy is put on the formulation of a new strategy. However, a well-formulated strategy does not automatically mean that the company achieves the objectives as set in the strategy. To ensure the…

Market Research

MARKET RESEARCH By Ayoade Apelegan INTRODUCTION Market research provides researchers with a wide range of information ranging from, consumer purchase intentions, or feedback about the growth of the target market. It also provides an avenue to discover valuable information that will help in estimating the prices of their product or services and find a point of balance that will benefit…

Buying a Business

BUYING A BUSINESS By Ayoade Apelegan Introduction to buying a business Buying a business is generally considered less risky than starting your own business, especially if you can buy a well-managed, profitable business for the right price.  Starting a business from scratch comes with its disadvantages, including the difficulty of building a customer base, marketing the new business, hiring employees…

Tax and Regulatory Matters for Foreign Investors in Nigeria

TAX AND REGULATORY MATTERS A FOREIGN INVESTOR MUST AVERT HIS MIND IN NIGERIA by Ayoade Apelegan Nigeria is ranked 131st on the World Bank’s 2020 Doing Business index. The ease of doing business score shows an economy’s absolute position relative to the best regulatory performance. The implication of this is that foreigners are on the lookout to establish businesses in…

Preparing and Conducting Stocktakes

PREPARING AND CONDUCTING STOCKTAKES By Ayoade Apelegan What is Stocktaking? Stocktaking is a form of inventory control. Stocktake is the manual counting and recording of all inventory a business has on hand.  STOCKTAKE AND ITS IMPORTANCE At the end of each financial year, all businesses must account for the value of their trading stock (closing stock) and also at the…

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