DEBT RECOVERY Methods of Debts Recovery Due the large debts that some commercial entities like banks, insurance companies and other mercantile bodies are owing, various methods of debt recovery has emanated; both conventional and unconventional. However, for the post of this article, conventional methods of debt recovery will be laid more emphasis on than unconventional method. Some of the methods…
TAX PLANNING GUIDE 2020 By Abimbola Salami INTRODUCTION Tax is a compulsory contribution to revenue agencies which is levied by the government on workers income and businesses, profits or added to the cost of some goods, services and transactions. Tax is a compulsory financial charge or some other type of levy imposed upon a tax payer which might be an…
STARTING A WATER BOTTLING PLANT IN NIGERIA By Taiwo Olowu, ACA Introduction Water is an essential part of man’s existence, without water there will be no life. Every human consumes water and needs it to carry on the activities of life. Nigeria is a blessed nation with a large population and rich natural resources. Water is abundantly available and there…
How to start a food processing business? by Dayo Akadiri Food processing is the preparation of food items from one or more ingredients to produce a consumable food that is either eaten directly like fried cocoyam or added to cooked meals like ketchup. Processed food can be seld to consumers both locally and abroad. There are different set of food…
How to value private company By Dayo Akadiri The market control the value of not only public entities, but also privately held entities as well. If a company had a ten prospective acquires and all the ten are making offers, definitely all the offers will be different. Each acquire would assess the risk associated with future earning slightly different. There…
HOW TO WRITE A BUSINESS PLAN A business plan is a written document that summarizes the operational goal of a company and financial ability of a business. It is a guide to business success with full information and budgets that show how the goals of the business can be realized. Why you need a business plan? Benjamin Franklin once said…
Starting a Liquified Petroleum Gas (LPG) Business in Nigeria Introduction The number of Nigerians who use cooking gas for various domestic cooking purposes are increasing daily. Women/mothers are gradually shifting focus from the use of kerosene stoves to the use of gas cooker or cooking gas. That will help decrease the problems of deforestation and help conserve our natural forests…
HOW TO START A LOGISTIC AND HAULAGE BUSINESS IN NIGERIA INTRODUCTION Haulage/logistics refers to the transportation of goods/products from one location to another within a nation or across many nations. The haulage and logistic service is rendered using vehicles that are big and strong enough to lift large amount of items at once. These vehicles include: trucks, trains, tankers, trailers,…
HOW TO START A DISPATH BUSINESS IN NIGERIA INTRODUCTION The business environment is dynamic and not static hence it changes in response to changes in technology. A large percentage of the world’s population are internet users. In Nigeria, as at today, over 100millon people are internet users and over 40% of these have done one or two online transactions within…
TAX AUDIT AND INVESTIGATION IN NIGERIA: A GENERAL OVERVIEW OF THE TAX AUDIT AND INVESTIGATION PROCESS INTRODUCTION TAX AUDIT Tax audit is a process whereby tax returns filed by taxpayers are assessed in accordance with the provisions of the law. A tax audit involves an examination of a taxpayer’s (an organization or individual) tax returns to establish that the financial…
