The going concern principle states that an entity will continue operations in perpetuity. In other words, the entity will not stop operations or liquidate its assets in the short term. Still, certain factors could force a company to stop operations.…
In our daily lives, we usually come across people who sell goods and services to buyers at a price. The volume of sales could be on a small, medium, or even on a large scale. If you purchase an item…
New and existing businesses in Nigeria are saddled with two or more statutory requirements. This article focuses on taxation of profits of new companies. In Nigeria, this concept is called commencement rule based on Section 29(3) of the Companies Income…
Available documents for download are tax laws, public notice, gazette, regulations, circulars and tax forms. GAZETTE Gazette – Business Facilitation Act 2022 Gazette – Companies Income Tax (Significant Economic Presence) Order 2020 Gazette – Finance Act 2019 Gazette – Finance…
