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Nairaland General › Army Urges Women Officers To Be Confident When Performing Duties by Innerkonsult(op): 5:46pm On Jan 09, 2020

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Politics › Benue State Gov Ortom To Sponsor Treatment Of Baby With Heart Disease Abroad by Innerkonsult(op): 5:12pm On Jan 08, 2020

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Nairaland General › US Vs IRAN!! Iran: US Warns Citizens Against Traveling To Nigeria by Innerkonsult(op): 4:52pm On Jan 07, 2020

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Nairaland General › Police-officers-assault-man-for-refusing-to-unlock-his-phone-in-enugu(read More) by Innerkonsult(op): 6:56pm On Jan 06, 2020

https://naijacontacts.com/topics/view/5526/police-officers-assault-man-for-refusing-to-unlock-his-phone-in-enugu

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Politics › Why-we-demolished-sarakis-political-home-before-dawn-kwara-state-gov-(read More) by Innerkonsult(op): 4:25pm On Jan 03, 2020

https://naijacontacts.com/topics/view/5485/why-we-demolished-saraki-s-political-home-before-dawn-kwara-state-gov

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Politics › Kano-begins-payment-of-new-minimum-wage-(read Details) by Innerkonsult(op): 5:31pm On Jan 02, 2020

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Sports › Messi-edges-ronaldo-for-most-goals-assists-creative-plays-for-the-deca Read More by Innerkonsult(op): 5:05pm On Dec 31, 2019

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Nairaland General › How-to-value-loss-making-companies-(read Deatails) by Innerkonsult(op): 4:56pm On Dec 31, 2019

https://naijacontacts.com/topics/view/5427/how-to-value-loss-making-companies

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Politics › House-of-reps-begin-moves-to-stop-ex-inec-officials-from-contesting-elections by Innerkonsult(op): 4:51pm On Dec 24, 2019

https://naijacontacts.com/topics/view/5330/house-of-reps-begin-moves-to-stop-ex-inec-officials-from-contesting-el

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Nairaland General › Daily News Update by Innerkonsult(op): 9:46am On Dec 12, 2019

Politics › Daily News Update by Innerkonsult(op): 9:52am On Dec 11, 2019

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Politics › President-buhari-leaves-nigeria-for-egypt-why (read More) by Innerkonsult(op): 6:26pm On Dec 10, 2019

https://naijacontacts.com/topics/view/5016/president-buhari-leaves-nigeria-again-for-egypt-for-what-reason-read

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Business › CAC Delists 40,000 Dormant Registered Companies by Innerkonsult(op): 5:34pm On Nov 28, 2019

The Corporate Affairs Commission (CAC) says it has delisted 40,000 registered companies that have not recorded any activity. Azuka Azinge, CAC’s acting registrar-general, made this known in Abuja on Wednesday while briefing journalists on the activities of the commission between October 2017 and October 2019.

Read more: https://innerkonsult.com/cac-delists-40000-dormant-registered-companies/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › Tollgate: Regressive Tax Burden On Motorists by Innerkonsult(op): 3:37pm On Nov 26, 2019

We have concluded their designs, what they will look like, what materials they will be built with, and what new considerations must go into them”. The minister is right on the law, in the sense that the decision to scrap toll plazas was made through an Executive Order by former President Olusegun Obasanjo in 2004.

Read more: https://innerkonsult.com/tollgate-regressive-tax-burden-on-motorists/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › FG Affirms Removal Of VAT On Cooking Gas by Innerkonsult(op): 1:49pm On Nov 19, 2019

The Federal Government has confirmed the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) in Nigeria, otherwise known as cooking gas. This means that the cost of LPG, commonly referred to as cooking gas, will be relatively stable, thus attracting many investors and users in the country. The Chairman, Federal Inland Revenue Service, FIRS, who disclosed this at the stakeholders’ meeting with Vice President Yemi Osinbajo, in Abuja, recently said the measure was targeted at growing the LPG sector.

Read more: https://innerkonsult.com/fg-affirms-removal-of-vat-on-cooking-gas/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › We Are Not Increasing Tax, Other Dues – Oyo Govt by Innerkonsult(op): 5:44pm On Nov 13, 2019

The Oyo State Government has reiterated its assurance to the people of the state that the administration would not increase tax on business enterprises in order to increase the Internally Generated Revenue (IGR) of the state. The Executive Chairman, Oyo State Internal Revenue Service (OYSIRS), Aremo John Adeleke, stated this in a chat with journalists in his office, saying that Governor Seyi Makinde was applying sympathy and empathy in his dealings on the matter since the new administration came into office.

Read more: https://innerkonsult.com/we-are-not-increasing-tax-other-dues-oyo-govt/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › Senate Rejects VAT Increment, Mulls Communication Service Tax by Innerkonsult(op): 5:01pm On Nov 08, 2019

The Senate, yesterday, introduced an action to impose tax on Communication Services in the country. The planned new tax introduction Daily Sun learnt, is targeted at replacing the proposed 2.2 per cent increase in Value Added Tax (VAT) being mulled by the Executive.

Read more: https://innerkonsult.com/senate-rejects-vat-increment-mulls-communication-service-tax/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › VAT To Aid Infrastructure Development, Social Amenities – Agba by Innerkonsult(op): 5:34pm On Oct 24, 2019

Prince Clem Agba, the Minister of State for Budget and National Planning, has said the 50 percent increase in Value Added Tax (VAT) will aid infrastructure development across the country. The Federal Executive Council (FEC) had approved a 50 percent increase in VAT from 5 percent to 7.5 percent in September.

Read more: https://innerkonsult.com/vat-to-aid-infrastructure-development-social-amenities-agba/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › FG To Introduce More Taxes, Expand Present Tax Base by Innerkonsult(op): 3:46pm On Oct 23, 2019

The Federal Government is planning to introduce more taxes and expand the incumbent tax base. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this while speaking at the International Monetary Fund (IMF) and World Bank’s annual meetings in Washington DC, United States of America (USA).

Read more: https://innerkonsult.com/fg-to-introduce-more-taxes-expand-present-tax-base/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › Be Strategic With New Taxes, ACFE Charges Govt by Innerkonsult(op): 5:16pm On Oct 22, 2019

The Association of Certified Fraud Examiners (ACFE), Lagos State chapter, has urged federal government to be strategic about imposing new and increasing existing tax rates. The association bared its mind on the tax environment during a training session it organised for ACFE members and non members in Lagos recently.

Read more: https://innerkonsult.com/be-strategic-with-new-taxes-acfe-charges-govt/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › Cover Your Face In Shame, Timi Frank Tells FIRS by Innerkonsult(op): 5:32pm On Oct 18, 2019

Timi Frank, political activist and former Deputy Publicity Secretary of the All Progressives Congress (APC), has dared the Federal Island Revenue Service (FIRS) to go to court, telling it to bury its face in shame over alleged corruption being perpetrated there. The activist had on Monday linked the agency with a N90 billion election fund it allegedly advanced to the ruling APC for the prosecution of the 2019 general elections.

Read more: https://innerkonsult.com/cover-your-face-in-shame-timi-frank-tells-firs/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business › Don’t Evade Tax, Cross River Warns Low Income Earners by Innerkonsult(op): 1:06pm On Oct 17, 2019

Residents of Cross River State, particularly low income earners, have been warned not to evade paying their taxes. The Speaker of the state House of Assembly, Eteng Williams, gave the warning in Calabar during a tax enlightenment town hall meeting organised by the Cross River State Internal Revenue Service as part of its sensitisation and enlightenment of tax payers on voluntary tax compliance.

Read more: https://innerkonsult.com/dont-evade-tax-cross-river-warns-low-income-earners/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Nairaland General › Re: Nairaland Admin Questions and Answers by Innerkonsult: 9:56am On Apr 10, 2019

unable to create new topics on my account, please solution

Business › ICAN Nominates Owoyemi For Award by Innerkonsult(op): 2:23pm On Apr 09, 2019

In recognition for his contributions to the development of the accountancy profession in the country, the Institute of Chartered Accountants of Nigeria (ICAN) has nominated Otunba Lateef Owoyemi, for year 2019 ICAN Award in the Members’ Category. According to a letter personally signed by Alhaji Razak Jaiyeola, president of ICAN, the honour is for Owoyemi’s outstanding contributions to the ideals of the “institute, which include accountability, professionalism, integrity, exemplary leadership and nation building.”
The president of the institute added that Owoyemi, who is a former president of the institute, was particularly being honoured for his selfless service towards the growth and development of the accountancy profession in Nigeria. Jaiyeola stated that the award ceremony would take place at Eko Hotels and Suites, Lagos, on April 13, 2019. The president of ICAN disclosed that nominations were received from members of the institute and were carefully reviewed by a committee of the council, which came up with the final recommendations.

Source: Independent

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036

Business › Tax Defaulters To Lose Property To Govt — FIRS Boss by Innerkonsult(op): 1:18pm On Apr 09, 2019

Individuals and corporate bodies found guilty of tax evasion are to henceforth lose their properties to the Federal Government, the Chairman, Federal Inland Revenue Services (FIRS), Babatunde Fowler, has said. This was as he equally disclosed that the tax agency surpassed its target for 2018 by generating a total of N5.32 trillion. Fowler disclosed this on Tuesday at a roundtable between the House of Representatives Joint Committee on Aides and Loans, Finance and Appropriations and relevant ministries and agencies on the 2019–2021 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Papers (FSP) in Abuja.
While appraising his agency’s performance for the 2018 fiscal calendar, Fowler said the court had, for the first time, granted leave to the service to confiscate properties belonging to tax defaulters and liquidate same with a view to recovering government taxes. “We’ve gotten a court order to start the sale of property of tax defaulters for the first time, and we’re working at commencing that to recover what’s owed to government. “We have shown increased sales in the various tax nets, but we had to slow down, and we’re working on over 55,000 accounts and generating an estimate of about N746 billion. “And, as we continue to use technology to improve the collection process, VAT (Value Added Tax) will continue to improve in remittances and increase revenue flow,” he said. The tax boss also disclosed new innovations being employed to improve tax collection with regards to the deployment of e-services which, he said, were improving ease of compliance by 25 points. “We’re working with the EFCC (Economic and Financial Crimes Commission) on the joint tax board to improve compliance and collection. “Property owners have also been netted and a total of N4.3 billion can be realised in Abuja and Lagos alone,” he said.

Source: Independent

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036

Business › Anambra Laments N600m Tax Debt By Firms, Begins Enforcement Of Payment by Innerkonsult(op): 5:14pm On Apr 08, 2019

The Anambra State government has lamented that it is being owed as much as N600 million in tax by companies, schools, hotels and other business concerns operating in the state, most of which have bluntly refused to pay up. The Chairman of Anambra State Internal Revenue Service, Dr. David Nzekwu, stated this on Tuesday, during the enforcement of a court order, which empowered the board to seal off some companies that were indebted to the state government. Nzekwu said some of the companies where the order were being enforced owed taxes for years without remitting them, the reason it approached a state High Court to force the companies to pay up.
“We are owed N600 million by defaulting companies in the state, and the court has given orders for us to seal the premises of such companies, and that is what we are doing today. We are not molesting anyone, but simply sealing off their premises to ensure they pay up,” he said. The revenue board, which was in Awka, Onitsha and Nnewi for enforcement, sealed off Sabrud Consortium, producers of prepaid electricity meters in Awka, which owed over N5 million from January 2011 to December 2016, Divine Favour Pharmaceutical Company, Nkpor, which also owed N5 million from 2010 to 2015 and Nelly New Town Hotels and Suites which owed N8 million. Other companies also sealed off included: Ejiamatu Microfinance Bank, Ojoto; Eteleson Industries, Ogbunike; and Delendu Aluminium Manufacturing company, Onitsha, said to have evaded tax to the tune of N8 million between 2016 to 2017. Nzekwu lamented that most of the monies owed the state could help the governor, Chief Willie Obiano, in his good works in the state. He explained that the expectation of every new company was to register within six months of operation and render their tax returns in respect to companies and individuals’ financial strength. He also stated that the companies would incur additional cost as a result of the sealing off of their premises, adding that breaking the seal was a huge offence that could land one in prison. The state Governor, Obiano, had recently during a meeting with civil servants promised to pay the new minimum wage, while also urging the state revenue services to work hard to increase the internally generated revenue of the state, which he hoped to make the payment.

Source: Thisdays

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036

Business › SWAN Pledges To Promote Accountancy Among Female Nigerians by Innerkonsult(op): 3:41pm On Apr 08, 2019

The Society of Women Accountants of Nigeria (SWAN) Kwara Chapter, on Tuesday pledged the commitment of the association to continue stimulating the desire of young Nigerian females in Accountancy profession. Dr Khadijat Yahaya, the pioneer Vice-Chairperson of the chapter made the pledge in Ilorin during her inauguration and that of other members of the Executive Committee of the association. The News Agency of Nigerian (NAN) reports that Yahaya was sworn in by the National Chairperson, Mrs. Folake Onabolu, at the University of Ilorin.
She said that the association would step up on its enlightenment programmes, advocacy, and award of scholarships, among other interventions. Yahaya, who is a Senior Lecturer at the Department of Accounting, UNILORIN, expressed joy on her emergence. She explained that the organisation would not relent in its efforts at assisting the society in several ways including promoting professionalism and financial discipline amonng female accountants. While performing the inauguration, Mrs. Folake Onabolu commended the Ilorin Chapter of the society for its outstanding achievements since its formation a few years back. The SWAN Chairperson, who was represented by Mrs. Njeoma Sam-Oburu, said the Ilorin Chapter was the second to be inaugurated in Kwara State and the ninth in the entire country. She said SWAN came into being on April 28, 1978, as a body not out to compete with any professional organisation in the field of Accountancy, but to complement the activities of the Institute of Chartered Accountants of Nigeria (ICAN).
Related news Medical alumni donate N2m sporting facilities to Unilorin She, therefore, urged the chapter to make its impacts felt more in the calibre of emerging female Accountants through the quality of their service delivery to enhance the growth and development of the nation. In his own remarks, the Chairman of the Ilorin District of the Institute of Chartered Accountants of Nigeria (ICAN), Mr Abel Aiyedogbon, commended the university for its numerous contributions in the production of distinguished accountants who are contributing meaningfully to the progress of the nation’s economy.

Source: Sundiatapost

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036

Business › CAC Lauds NASS On CAMA Bill 2019 by Innerkonsult(op): 2:51pm On Apr 08, 2019

The Corporate Affairs Commission (CAC) has once more applauded the National Assembly on the transmission of the Companies and Allied Matters (CAM) Bill 2019 to the President for assent. This was in consonance with the provision of the Acts Authentication Act Cap. A2, Laws of the Federation of Nigeria 2004. The CAMA Bill 2019 which seeks to repeal the extant statute (The Companies and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria 2004) and enact another statute in its place represents one of the biggest piece of legislative review in the history of National Assembly.
The assent of the long awaited Bill would remain a monumental achievement, and one of the important reform agenda of the Buhari’s administration, according to a statement. The bill would greatly enhance the ease of starting and growing business in Nigeria, ensure more appropriate regulation for micro, small and medium scale enterprise, enhance transparency and shareholder engagement; align regulatory framework with international best practice for competitiveness and, in the context of a global economy, make Nigeria an investment destination of choice by attracting and growing investments. The new law would allow the right of one person to form a company, make the use of common seal optional for companies, dispense with the statutory declaration of compliance by legal practitioners for registration of companies, disclosure of beneficial ownership, amongst others.

Source: Thisdays

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036

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