US & CO. "Chartered-Accountants"

THE JULY 2026 DEADLINE FOR E-INVOICING IN NIGERIA The July 2026 E-Invoicing timeline represents another major step in Nigeria’s transition toward digital tax administration and structured compliance reporting. Businesses that prepare early may be better positioned to manage operational changes, maintain proper records, and reduce compliance risks...

FROM TAX PROMAX TO REV360: WHAT NIGERIAN TAXPAYERS NEED TO KNOW “If you are a medium or emerging taxpayer, your account has been migrated to REV360. Please log in at selfservice.nrs.gov.ng. If you are a large taxpayer or government agency, kindly check your credential and try again.” This development has generated questions among business owners, finance per...

WHY AI CAN NOT REPLACE MY JOB At US & CO. (Chartered Accountant), technology is viewed as a professional support tool rather than a replacement for qualified professionals. Our firm continuously trains staff on the responsible use of AI tools to improve efficiency, documentation processes, compliance monitoring, reporting qualit...

How to Calculate Your New PAYE Tax in Nigeria (and Why Professional Guidance is Recommended) Why You Need Professional Guidance from a Firm Like US & CO. (Chartered Accountant)

REV360 TRAINING: A PRACTICAL GUIDE FOR TAXPAYERS IN NIGERIA For individuals, companies, and other taxable entities, understanding how REV360 works is increasingly important for meeting tax obligations accurately and on time. This article provides a practical overview of REV360, explains its importance to taxpayers, outlines the process for filing returns, an...

A common mix-up in business accounting is treating Withholding Tax (WHT) and Value Added Tax (VAT) the same way.

WHT is an advance payment of your income tax deducted at the source of a transaction. VAT, on the other hand, is a consumption tax added to the price of your goods and services. Confusing the two can lead to errors in your books and avoidable compliance issues with tax authorities.

QUESTIONS AND ANSWER ON REV360 QUESTIONS REV360 MAY ASK YOU DURING FILING ACCOUNT AND THE ANSWERS YOU NEED TO PROVDE TO REV360

FIRS Tax Compliance: A Quick Guide for Business Growth

Staying ahead of your tax obligations is essential for building a credible, sustainable business in Nigeria. Ensuring your company registers for all applicable Federal Inland Revenue Service taxes early protects your brand from costly penalties and unlocks access to corporate contracts. Maintaining accurate, organized financial records throughout the year makes filing your monthly returns straightforward and stress-free. Proper regulatory compliance provides the solid foundation your enterprise needs to scale with confidence.

Have questions about managing your corporate tax filings or regulatory compliance?

Understanding Nigeria's New Taxpayer Identification (Tax ID) System: What Every Taxpayer and Business Owner Should Know Tax administration in Nigeria is undergoing significant reforms aimed at improving transparency, efficiency, taxpayer identification, and revenue management. One of the recent developments is the Public Notice issued by the Nigeria Revenue Service (NRS) and the Joint Revenue Board (JRB) regarding th...