Blog posts | Uboh Sunday & Co., Lagos, Nigeria

Small Company Exemption: Does Your Business Qualify for 0% Company Income Tax?

Posted on 7 October, 2026

Understand the small company exemption under the Nigeria Tax Act 2025 — the turnover and asset thresholds, what is exempt, and the compliance steps that still apply.

Rent Relief: Who Qualifies and How to Claim It

Posted on 6 October, 2026

A guide to the Rent Relief Allowance under the Nigeria Tax Act 2025 — who qualifies, how the 20% deduction and ₦500,000 cap work, and the records you need to claim it.

The Most Underused Financial Report: Why the Cash Flow Statement Deserves a Second Look

Posted on 5 October, 2026

An explanation of the Cash Flow Statement — how it works, how to use it for investment decisions, and what it means for tax compliance in Nigeria under the Nigeria Revenue Service (NRS).

How Poor Record-Keeping Can Affect Business Decisions

Posted on 5 October, 2026

How Poor Record-Keeping Can Affect Decisions

How Poor Record-Keeping Can Affect Business Decision is often the difference between a business that plans based on verified numbers and one that reacts after avoidable problems arise. Accurate...

New Personal Income Tax Bands Explained With Real Salary Examples

Posted on 3 October, 2026

Since January 2026, individuals in Nigeria have been taxed under a revised set of bands set out in the Nigeria Tax Act, 2025. The first ₦800,000 of annual income is taxed at 0%, the Consolidated...

From FIRS to NRS: How the Nigeria Revenue Service Works

Posted on 2 October, 2026

If you have run a business in Nigeria for several years, you probably dealt with the Federal Inland Revenue Service (FIRS). Following the tax reform laws of 2025, that body is now the Nigeria Revenue...

7 Financial Warning Signs Business Owners Should Not Ignore

Posted on 2 October, 2026

Investing and tax planning depend on reliable financial records. Under ICAN ethical standards on advertising, the focus should remain on compliance and accurate reporting. The Nigeria Revenue Service...

THE 20 ACCOUNTING SERVICES AT US & CO.: WHAT THEY MEAN, HOW THEY WORK, AND THEIR TAX RELEVANCE IN NIGERIA

Posted on 1 October, 2026

A practical guide to accounting records, financial reporting, internal systems, tax compliance and informed business decisions

Nigeria at 66: What Independence Day Means for Taxpayers and Business Owners

Posted on 1 October, 2026

As Nigeria marks 66 years of independence, a reflection on national duty, tax compliance, and what business owners can do to contribute to the nation's economic growth. Slug: nigeria-66-independence...

Short-Term Investment in Nigeria: Comparing OMO Bills and T-Bills

Posted on 29 September, 2026

Businesses and individuals with surplus cash often ask the same question: where can it be held for a few months without tying it up for years? Two instruments come up most often, Treasury Bills (T...

The Nigeria Tax Act Nine Months In: What Business Owners Should Know

Posted on 28 September, 2026

The Nigeria Tax Act, 2025 (NTA) has now been in force for nearly nine months. It took effect in January 2026 after being signed into law on 26 June 2025, together with the Nigeria Tax Administration...

From Accurate Records to Sustainable Growth: The Business Case for Proper Bookkeeping in Nigeria

Posted on 25 September, 2026

A guide for business owners, entrepreneurs, and taxpayers on how proper bookkeeping supports tax compliance and long-term business stability under Nigeria's current tax laws.

Africa on the Map: Why Its True Size Is Often Misunderstood

Posted on 21 September, 2026

THE WORLD MAP HAS BEEN UPDATED

How to File Your Crypto Trading Taxes in Nigeria: The Steps Nigerian Traders Need to Know

Posted on 21 September, 2026

A trader sells digital assets across the year, moves proceeds between wallets and exchanges, and never once reports the activity to the tax authority. For a while, nothing appears to happen. Then a...

ENTERPRISES ARE NOT EXEMPTED FROM FILING TAX RETURNS

Posted on 18 September, 2026

A Compliance Guide for Nigerian Business Owners Under the Nigeria Revenue Service (NRS)

All Companies, Business Names and NGOs Are Required to File VAT and WHT: What Every Nigerian Entity Needs to Know

Posted on 14 September, 2026

Tax compliance in Nigeria is no longer a consideration reserved for large corporations. Under the current tax administration framework, every registered company, business name (sole proprietorship or...

Exemption From Tax Payment, Not From Tax Filing

Posted on 11 September, 2026

Exemption From Tax Payment, Not From Tax Filing, is a key compliance principle in Nigeria: a business may qualify for tax relief or a zero-tax position, but that does not automatically remove the...

OMO vs T‑Bills: How Nigerian Businesses Can Choose the Right Investment

Posted on 7 September, 2026

Cash sitting idle in your company account is lost opportunity — but the wrong investment can reduce liquidity or create unnecessary tax headaches. Which short-term government instrument fits a...