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Wells Accounting and TaxWells Accounting and Tax
  • Useful

Simple Legal Ways to Reduce Your PAYE Tax in Nigeria

Curious about the secret to legally reducing your company’s PAYE obligations?You are not alone. In Nigeria, Pay As You Earn (PAYE) tax is a statutory obligation every employer must handle on behalf of their team. But many business owners unknowingly…

  • Wells Accounting 101
  • May 6, 2025
  • Useful

Master Statutory Audit Preparation with Expert Assistance

Are You Truly Audit-Ready? A statutory audit is a obligatory, annual review of a company’s finances, conducted by a licensed, ICAN-certified auditor to ensure accuracy, compliance, and accountability in financial reporting. Every limited liability company, public enterprise, and regulated institution…

  • Wells Accounting 101
  • April 17, 2025
  • Useful

The Smartest Investment You Can Make: Why Preventive Health Is Financial Planning That Pays Off

When most people think of financial planning, they focus on investments, savings accounts, insurance, or retirement plans. But there is another kind of investment that often gets overlooked and it might be the most important one of all: your health.…

  • Wells Accounting 101
  • April 13, 2025
  • Useful

Understanding Fraud in Organizations, Prevention and Best Practices

Fraud in organizations is a serious issue that can lead to financial losses, legal troubles, and reputational damage. Whether it’s embezzlement, financial statement fraud, or corruption, businesses of all sizes face the risk of fraudulent activities if internal controls are…

  • Wells Accounting 101
  • April 2, 2025
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Is HR Outsourcing Risky? Here is What Businesses Need to Know

HR outsourcing has changed the game for companies trying to cut expenses, improve operations, and have access to specialized HR knowledge. However, many business owners hesitate due to concerns about HR outsourcing risks, such as data security, compliance issues, and…

  • Wells Accounting 101
  • March 17, 2025
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How Small Businesses Can Implement ESG Reporting Without Breaking the Bank

In today’s business world, ESG Reporting for Small Businesses is becoming more crucial. Investors, customers, and regulators require all firms, large and small, to show their commitment to sustainability, ethical business practices, and corporate responsibility. However, many small business owners…

  • Wells Accounting 101
  • March 3, 2025
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ITF and NSITF Registration: Everything Your Business Needs to Know

Running a business in Nigeria comes with legal responsibilities, and compliance with ITF and NSITF registration is one of them. Many employers overlook these mandatory registrations, only to face penalties, fines, or operational delays later. The Industrial Training Fund (ITF)…

  • Wells Accounting 101
  • February 24, 2025
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How Inventory Management Automation Can Improve Accuracy, Reduce Costs, and Boost Efficiency

Efficient inventory management is the backbone of any successful business. Whether you are in retail, manufacturing, or distribution, keeping track of stock levels, preventing shortages, and reducing excess inventory can be the difference between profit and loss. In today’s fast-paced…

  • Wells Accounting 101
  • February 17, 2025
  • Useful

Mastering CIT Computation and Tax Filing: Everything Your Business Needs for Hassle-Free Tax Filing

Company Income Tax (CIT) is a crucial responsibility for businesses operating in Nigeria. Whether managing a small business or a large corporation, accurate CIT computation and timely tax filing are essential for compliance with the Federal Inland Revenue Service (FIRS)…

  • Wells Accounting 101
  • February 11, 2025
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Recruitment and Selection Services: Minimize Hiring Risks, Maximize Results

In today’s aggressive business world, the success of your company is determined by one crucial factor: the employees you hire. Building the ideal team takes more than just filling roles; it also includes attracting the appropriate individuals, aligning them with…

  • Wells Accounting 101
  • January 27, 2025

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