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Iniandco Consulting, Uyo (2026)

01/10/2026

🇳🇬 Happy Independence Day, Nigeria! 🇳🇬

As we celebrate our great nation, INIANDCO Professional Services wishes you a prosperous new month filled with growth, success, and new opportunities.

Here’s to building stronger businesses and a stronger Nigeria. 💚🤍💚

Need help with your business compliance, accounting, tax, or financial records? We’re here to help.

📞 08151417134
INIANDCO Professional Services — Your Compliance, Our Priority.

01/09/2026

HELLO, SEPTEMBER!

A new month, a fresh opportunity to grow, stay compliant and keep your business in good standing.

At INIANDCO Professional Services, we’re here to handle the compliance details while you focus on your business.

📌 Business & Company Registration
📌 NGO Registration
📌 VAT & PAYE Filing
📌 Annual CIT Filing
📌 CAC Annual Returns
📌 NSITF Compliance & More

Stay compliant. Avoid unnecessary penalties. Keep your business moving.

📩 Send us a DM — we’re here to help.

Happy New Month! 🎯

Whatsapp: 07089450341
Office: 08 Akpan Etuk lane by Nwaniba Uyo, Akwa Ibom State

10/08/2026

Your business is making money… but you’re still broke.

You made ₦5 million in sales last year.

You look at your bank account and think:

“Where did all the money go?”

This is one of the biggest problems I see with small businesses.

The problem is not always that the business isn't making money.

Sometimes, the business owner simply doesn't know where the money is going.

Here are 5 signs your business may have a financial management problem:

❌ You mix personal and business money in the same account.

❌ You don't know your actual profit at the end of the month.

❌ You withdraw money from the business whenever you need it.

❌ You can't explain where a large portion of your revenue went.

❌ You only look at your bank balance instead of your financial records.

And here's the dangerous part:

A business can have millions in revenue and still be making little or no profit.

Revenue is NOT profit.

Cash in your bank account is NOT necessarily profit.

And having customers does NOT automatically mean your business is financially healthy.

A properly managed business should be able to answer questions like:

👉 How much did we sell this month?

👉 How much did it cost us?

👉 How much do we owe?

👉 How much do customers owe us?

👉 What is our actual profit?

👉 How much tax should we be planning for?

👉 Can the business survive if sales drop for 3 months?

If you can't answer these questions, you don't just need more sales. You need better financial management.

At Iniandco Consulting, we're interested in helping businesses understand the numbers behind their businesses not just file taxes after the year is over.

📌 Save this post.
📌 Share it with a business owner.
📌 Follow Iniandco Consulting for practical tax, accounting, compliance and business tips for Nigerian businesses.

Tomorrow, I’ll talk about one of the most common mistakes business owners make with their business expenses. 👀

09/08/2026

PLANNING TO REGISTER A BUSINESS IN NIGERIA?

Before you register that company with the CAC, there is something important you need to know:

Not every business can be registered with the same minimum share capital.

Some businesses operate in regulated sectors and may be required to have a specified minimum share capital before obtaining the relevant licence or approval to operate.

Here are some examples 👇

SELECTED BUSINESSES & MINIMUM SHARE CAPITAL

🔹 Private Security Company / Security Consultant — ₦10 Million

🔹 Stockbroker — ₦200 Million

🔹 Microfinance Bank (State & FCT) — ₦1 Billion

🔹 Bureau de Change (BDC) — ₦35 Million

🔹 Finance Company — ₦20 Million

🔹 Sports Lottery — ₦30 Million

🔹 Agricultural Seeds, Production, Processing & Marketing — ₦10 Million

🔹 Freight Forwarding Company — ₦5 Million

🔹 Shipping Company / Shipping Agent — ₦25 Million

🔹 Travel & Tours Company — ₦30 Million

🔹 Aviation – Air Transport Training Institution — ₦2 Million

🔹 Air Transport – Local Operations — ₦500 Million

⚠️ IMPORTANT: SHARE CAPITAL IS NOT THE SAME AS MONEY IN YOUR BANK ACCOUNT.

A lot of people misunderstand this.

If a company has ₦10 million issued share capital, it does NOT automatically mean that ₦10 million must be sitting in the company's bank account.

Share capital represents the ownership structure of the company — it is not simply cash deposited with CAC.

However, for regulated businesses, the relevant regulator may impose additional capital, financial, licensing, operational and documentary requirements before the business can commence or continue operations.

So don't just ask:

❌ “How much will it cost to register my company?”

Ask:

✅ “What share capital does my business require?”

✅ “Does my industry have a regulatory requirement?”

✅ “What licence or approval do I need?”

✅ “What documents and compliance obligations will apply to my business?”

Getting the structure wrong at the beginning can create unnecessary costs and complications later.

📌 Need help with your business registration or compliance?

We can assist with:

✔️ CAC Business Name Registration
✔️ Private & Public Limited Company Registration
✔️ Increase/Restructuring of Share Capital
✔️ Annual Returns Filing
✔️ Changes in Company Particulars
✔️ Business/Company Compliance
✔️ Tax Registration & Compliance
✔️ Other statutory filings and regulatory registrations

Don't leave your business registration to guesswork.

Let professionals handle your filings properly, accurately and swiftly.

📩 Send us a DM today to discuss your registration or compliance needs.

Your business deserves to be properly structured from day one.

09/08/2026

ATTENTION CRYPTO TRADERS, VASPs, EXCHANGES, P2P OPERATORS & VIRTUAL ASSET BUSINESSES IN NIGERIA

The Nigerian Government is moving closer to a *unified and more business-friendly regulatory framework for the cryptocurrency and broader virtual asset industry.

According to recent statements from the Nigeria Revenue Service (NRS), the CBN, SEC, NRS and the Presidency are working towards greater regulatory alignment in the virtual asset ecosystem.

But here is what crypto businesses and traders need to understand: **regulation is coming with greater clarity and greater compliance expectations.

With the NRS already issuing Guidelines on the Taxation of Virtual Assets, businesses operating in the sector should begin positioning themselves properly now to avoid unnecessary penalties, disputes and future issues with government regulators.

Some of the key areas operators should begin paying attention to include:

🔹 Proper business registration and regulatory compliance
🔹 Tax identification and TIN integration
🔹 Proper record-keeping of crypto and virtual asset transactions
🔹 VAT, withholding tax and other applicable tax obligations
🔹 Transaction-based duties and levies where applicable
🔹 Data privacy and consumer protection compliance
🔹 Proper tax planning and timely filing of returns

For medium and large virtual asset companies, the new tax framework may result in tax obligations of up to 30%, depending on the applicable provisions and taxable profits.

For operators of exchanges, P2P platforms and other virtual asset businesses, the direction is becoming clear: the era of operating without giving proper attention to tax and regulatory compliance is gradually coming to an end.

My advice to everyone in the crypto space is simple:

Don't wait until you receive a demand notice, penalty or regulatory query before putting your house in order. Position yourself early. Understand your obligations. Keep proper records. Seek professional guidance.

The government's goal, according to the NRS, is not just to collect taxes but also to create an environment where digital assets can grow and Nigeria can become a major virtual asset hub in Africa.

As the famous saying goes:

“Taxes are what we pay for civilized society.” — Oliver Wendell Holmes Jr.

📌 If you operate a crypto business, exchange, P2P platform, fintech or other virtual asset-related company, now is the time to review your tax and regulatory position.

The smart move is to prepare before enforcement catches up with you.

Share to your cryto traders..

04/08/2026

It's been a while... but we're back.

Over the past few months, we've been busy helping businesses stay compliant, preparing financial statements, filing taxes, processing Tax Clearance Certificates, handling CAC registrations, PAYE remittances, VAT filings, Annual Returns, and providing practical business advisory services.

Now it's time to start sharing that knowledge with you.

On this page, you'll find:
✅ Tax tips that save businesses money
✅ CAC registration and compliance updates
✅ Financial management insights
✅ Business growth advice
✅ Common mistakes business owners should avoid
✅ Important regulatory updates every entrepreneur should know

If you own a business, plan to start one, or simply want to stay informed about taxes and compliance in Nigeria, you're in the right place.

Follow this page, invite your friends, and turn on notifications. Let's grow compliant businesses together.

Welcome back! More valuable content starts today. 🚀

15/05/2026

Dear Taxpayer

This is a formal reminder from the Nigeria Revenue Service (NRS) that your VAT returns is due. Please ensure you file your taxes and remit payment on or before 21st May 2026

The Nigeria Tax Administration Act 2025 has introduced significantly steeper penalties for VAT filing default. Please be advised of the following:

· Late Filing: ₦100,000 for the first month of default, and ₦50,000 for every subsequent month the failure continues.

Compliance is strongly advised to avoid sanctions.

STEPS TO FILE YOUR VALUE ADDED TAX ON REV360

Important: • CAREFULLY READ ALL INSTRUCTIONS BEFORE PROCEEDING.

LOGIN

§ System Access and Login: Access the portal at https://selfservice.nrs.gov.ng using your Username (Email) and password.

§ Enter: Username and Password

§ Click Login to access your dashboard.

FILING

§ For Payment (Filing): Navigate to VAT Filing From the dashboard.

§ select Self Tax Filing.

§ Click on Taxes Due.

§ Locate the earliest VAT liability.

§ Click “File Now” to begin the filing process.

§ Download VAT Template Upon clicking “File Now

§ Save the Excel file to your device and open it.

§ Navigate to the first sheet – “Explanatory Notes”.

“Explanatory Notes”. This sheet provides guidance on how to complete the template correctly.

⚠️ The VAT Return Form Sheet is NOT to be filled manually.

Complete the Sheets as required Sales Sheet, Sales Adjustment, Purchases list, Import, Self-Charge, sales to MDAs

· Sales Sheet” (To enter details for all sales/services rendered, Customer Name, TAX ID, Product name, etc.)

§ Sales Adjustment Sheet (To account for returned sales where VAT has already been charged and remitted.

§ C-Purchases Sheet/Purchase list sheet (To claim Input VAT on purchases)

§ Import Sheet (To capture VAT deducted at source by MDAs and WVAT agents)

§ Review VAT Return Form Sheet (This sheet is auto-populated based on previous entries. Do not fill manually)

§ Auto-Population (The template will automatically classify and populate Into the VAT Return Form Sheet)

§ Review all entries for Accuracy and Completeness

§ Save and upload the completed VAT Template

§ The system will automatically Compute VAT liability

§ Final Review and Tick the Declaration Checkbox

§ Submit the VAT Return and ensure confirmation is received.

§ Proceed to Payment Section and complete VAT payment

§ Download VAT Return Acknowledgment and Payment Receipt

If you have already filed and remitted payment for this period, kindly disregard this notice.

Yours faithfully.

04/05/2026

Contact us for any of the services.

Stay compliant.

08151417134, 07089450341

01/04/2026

𝗗𝗲𝗱𝘂𝗰𝘁𝗶𝗯𝗹𝗲 𝗗𝗼𝗻𝗮𝘁𝗶𝗼𝗻𝘀: 𝗪𝗵𝘆 𝗽𝗮𝘆 𝗺𝗼𝗿𝗲 𝘁𝗮𝘅 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗴𝗶𝘃𝗲 𝘁𝗼 𝗵𝘂𝗺𝗮𝗻𝗶𝘁𝘆 𝗶𝗻𝘀𝘁𝗲𝗮𝗱?

Corporate social responsibility isn’t just about impact, it can also reduce your tax.

Under the Nigeria Tax Act, donations to certain institutions are deductible from profits before tax, even when made in non-cash form.

𝗧𝗼 𝗾𝘂𝗮𝗹𝗶𝗳𝘆, 𝗱𝗼𝗻𝗮𝘁𝗶𝗼𝗻𝘀 𝗰𝗮𝗻 𝗯𝗲 𝗺𝗮𝗱𝗲 𝘁𝗼:

▪️ Charitable, religious, educational, and scientific institutions in Nigeria

▪️ Public emergency interventions (e.g., pandemics, disasters)

▪️ Public funds and statutory bodies & institutions

▪️ Diplomatically recognised organisations

𝗞𝗲𝘆 𝗽𝗼𝗶𝗻𝘁𝘀:

✅ Applies to companies only

✅ Does not apply to individuals and business names

✅ Deduction is capped at 10% of profit before tax

✅ Proper documentation must be provided

✅ Non-cash donations are valued at the lower of cost or market value

𝗪𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗿𝗮𝘁𝗵𝗲𝗿 𝗴𝗶𝘃𝗲 𝘁𝗼 𝗵𝘂𝗺𝗮𝗻𝗶𝘁𝘆 𝗼𝗿 𝗽𝗮𝘆 𝗺𝗼𝗿𝗲 𝘁𝗮𝘅?

Iniandco Consulting

01/10/2026

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10/08/2026

09/08/2026

09/08/2026

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