The date of incorporation stated on the CAC certificate and the date of commencement of business operations are two distinct dates that business owners must acknowledge.

Section 62: Lottery and Gaming "(2) In determining the assessable profits of lottery and gaming trade or business, the following deductions shall be allowed... (a) any amount paid as winnings, prizes or similar payments from the relevant Prize Fund;

Monthly VAT Filing: More Than Just Compliance! 🗓️ Thinking about switching to monthly VAT filing? It’s a smart move with some great benefits for your business: Better Cash Flow Management: Avoid big, unexpected bills by paying smaller amounts more often. #audit #empyrean #tax

From a strategic standpoint, converting your business registration from a business name to a Limited Liability Company (LLC) may not be advisable at this moment. #BusinessStrategy #LLC #TaxMyths #SmartBusiness #EntrepreneurAdvice #KnowBeforeYouGo

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When processing a refund, verify that funds are returned to their original bank account of origin, a principle crucial for effective fraud management and prevention, and exercise financial prudence and discernment.

April, don't play tricks on us! 😉 Just jokes—wishing you a month full of sunshine, laughter, and good vibes. Let's go! ☀️ #empyrean #tax #audit #finance

On this Good Friday, may the sacrifice of Christ inspire peace, love, and renewed purpose in our lives. Wishing you and your loved ones a blessed and reflective day. 🙏✨ #GoodFriday #empyrean #tax #accounting #audit

Happy Easter! 🌸🐣 May this season of resurrection bring you renewed hope, joy, and abundant blessings. Wishing you and your loved ones a beautiful and fulfilling celebration. #HappyEaster #empyrean #tax #accounting #audit

You cannot claim to the tax authority that your business has yet to commence when you have funds flowing freely in and out of your corporate bank account.

Invoice vs Proforma Invoice — Know the Difference 📊 🔹 Invoice A final bill issued after goods/services are delivered. It is legally binding and used for payment and accounting records. 🔹 Proforma Invoice A preliminary bill sent before delivery. It is not legally binding and

Never begrudge the money you spend on your personal development and self-improvement

If you want to be rich or wealthy in life, you must be able to keep secrets. You must be able to bridle your tongue . That's why professions like law, accounting, and medicine thrive heavily on confidentiality.

📌 March VAT/WHT filing deadline: April 21st Miss it? Pay N50,000 (first month) + N25,000 (each following month). Don't let penalties pile up. File on time. 📞 08060603156 | 08083452739 #TaxTip #VAT #WHT #DeadlineAlert

Referrals are only the beginning. Convincing leads and prospects, converting them into paying clients, and building sustainable business relationships requires a particular set of skills. Hone it!

If you are a Business Name: Your connection to the NRS is limited to VAT; other tax liabilities fall under the jurisdiction of your State Internal Revenue Service.

Today, we honor the Nigerian workforce for their unrelenting commitment, fortitude, and pursuit of excellence. We recognize your endeavors, sacrifices, and unwavering resolve to build a brighter future for Nigeria. Happy Workers' Day!

At Empyrean Professional Services (EPS), we go beyond numbers — we deliver value, insight, and growth. From Audit & Assurance to Advisory, Tax, Accounting, Outsourcing, and Trainings, we are committed to helping businesses make smarter decisions with confidence. #ax

Borrowed money is a seed to be planted not a food to be eaten.📌📌📌