January 24, 2026

How to Prepare a Financial Statement from a Bank Statement

Are you curious to know how to prepare a Financial Statement from a Bank Statement? Nearly 60% of small business owners admit they don’t have up-to-date financial statements, yet accurate financial reports are often the first thing lenders, investors, and tax authorities request. Many entrepreneurs only realize this gap when they’re asked to provide financial statements—and all they have are bank statements. If that sounds familiar, you’re not alone. Whether you’re applying for funding, filing taxes, or trying to understand your […]
December 20, 2025

Business Name vs Limited Liability Company: Which Is Better for Tax Purposes in Nigeria?

Are you looking for a comparison of Business Name vs  Limited Liability Company? If yes, this guide is for you. Choosing the right business structure is one of the most important decisions an entrepreneur will ever make. Beyond branding and credibility, your choice directly affects how much tax you pay, how you file returns, and how the tax authorities treat your business. Many Nigerian entrepreneurs ask: Is it better to register as a Business Name or a Limited Liability Company […]
December 20, 2025

Is a Tax Break Possible Under the New Tax Structure in Nigeria? (2026 Guide)

Are you curious to know if there is a tax break still possible under the new tax structure in Nigeria? As Nigeria continues to reform its tax system to improve compliance, transparency, and revenue generation, many individuals and business owners are asking an important question: Is a tax break still possible under the new tax structure in Nigeria? The short answer is yes — tax breaks are still available. However, the new tax structure has shifted from blanket exemptions to […]