Streamline your practice. Delight your clients.

What the reform actually did to your workload

The small company exemption looks like less work — clients under ₦100m turnover and ₦250m of fixed assets pay no Companies Income Tax. In practice it is more work, because exemption is a status that has to be evidenced. A client who cannot produce turnover figures and an asset register does not get the benefit of the doubt, and the filing obligation does not disappear with the liability.

The threshold also creates a genuine advisory service. Clients approaching ₦100m need to know before year end, not after, and the asset test catches businesses whose revenue is nowhere near the limit — a haulier with a fleet, a manufacturer with plant, a landlord with property.

Where practice time actually goes

The recurring costs in a Nigerian practice are predictable, and none of them are advisory:

1. Reconstructing bank activity from PDF statements that arrive as scans, in different formats per bank.
2. Chasing clients for documents in the weeks before a deadline that has been known for a year.
3. Correcting VAT applied to the wrong line, or not applied at all, on invoices raised in Word.
4. Rebuilding an expense history from a WhatsApp thread of receipt photographs.

Each of those is a data-capture problem rather than an accounting one, which is why moving clients onto a system that captures at the point of transaction changes the economics of the engagement more than any change in software you use internally.

Preparing clients for NRS e-invoicing

Electronic invoicing requires structured, machine-readable invoice data — parties identified, line items itemised, tax treatment stated per line. A PDF someone typed is not that, however neat it looks.

The clients who will struggle are the ones invoicing from Word templates and spreadsheets, and they are usually the same ones whose year-end takes you longest. Moving them early is self-interested in the best sense: it is the same intervention that reduces your own reconstruction work.