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Posted by kqtcintl on November 14, 2017

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Business Lecture

#Management The efficient and effective operation of a business, and study of this subject, is called management. The major branches of management are financial management, marketing management, human resource management, strategic management, production management, operations management, service management and information technology management. MD Tarek Owners may administer their businesses themselves, or employ managers to do this for them. Whether they are owners or employees, managers administer three primary components of the business' value: its financial resources, capital or tangible resources, and human resources. These resources are administered in at least five functional areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resources. #Business Process Management (BPM) What and why: Business process management (BPM) is a holistic management approach focused on aligning all aspects of ...

What’s the new finance bill about? It's importance

What’s the new finance bill about? The bill was signed into law by President Buhari this year after both chambers of the National Assembly passed it last year. The goal of the finance act is to increase government revenue while bolstering the struggling small business sector in Africa’s largest economy. These are 3 major aspects of the law that might be of interest to you: Value Added Tax (VAT) has increased from 5% to 7.5% Tax Identification Number (TIN) is now a compulsory requirement for business. Corporate Income Tax (CIT) has been reviewed What are the important things? Let’s focus on the business implication for you and discuss some tricks you can take advantage of. If the total revenue your business makes is less than N25 million per annum, you will be eligible for a tax break. This tax break is an incentive. Our finance expert advised that you still set this money aside and make effort to re-invest it to your business. How do you deal...

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