ATTENTION: Accounting or Finance Professional or Anyone Interested In ACQUIRING TAX KNOWLEDGE
Upgrade Yourself with Practical Tax Knowledge and Expertise To Excel In Your Career And The Real-World Business
Unlock the Secrets to Mastering Practical Tax Skills and Propel Your Career to New Heights!
Empower yourself with the skills and knowledge to excel in your career
Only 45 Slots Available! Don’t Miss Out, Enroll Now!
Don’t wait until the next tax audit hits! Join the Practical Tax Training Academy today and become the tax expert your company relies on.
From The Desk of Accounting Yard!
Hello Accountant/Finance Professionals,
The Nigerian tax system is intricate, with constantly changing rules and regulations.
It’s easy to feel frustrated when you’re expected to be on top of your game, handling withholding taxes, calculating education taxes, and ensuring your company stays compliant.
Whether you’re a seasoned accountant, a tax consultant, or someone just starting your career, the truth is that the stakes are high when it comes to tax compliance.
In the fast-paced world of Nigerian business, tax compliance can feel like an overwhelming maze.
As a finance or accounting professional, you know the pressure of dealing with constantly changing tax laws, complex computations, and the ever-present risk of penalties for even the smallest mistakes.
The stress can be immense, and it often feels like there’s no room for error.
Imagine sitting in front of your desk, poring over value-added tax (VAT), withholding tax (WHT), or personal income tax (PIT) reports, knowing that one small oversight could lead to costly consequences for your company—or worse, your professional reputation.
Perhaps you’ve already experienced the frustration of preparing for a tax audit, feeling unprepared, and uncertain of the next steps.
Many professionals like you struggle with the daily burden of tax management.
Whether it’s the intricate rules on VAT exemptions, the puzzle of capital allowances in company tax computations, or navigating the personal income tax liabilities for employees and the self-employed, the reality is the same: tax management is difficult, and getting it wrong can be detrimental.
But what if you didn’t have to struggle anymore?
What if you could master the complexities of Nigerian tax laws, confidently handle tax audits, and elevate your value in your workplace?
What if you could become the go-to expert for tax-related issues in your organization, knowing exactly how to approach even the most challenging scenarios?
DO YOU FACE ANY OF THESE CHALLENGES?
- Difficulty Keeping up with changing tax laws
- Constant fear of making costly mistakes in filing tax returns which can lead to heavy penalties or even lawsuits
- Limited career opportunities as a result of lack of practical tax knowledge
- Challenges in handling tax audits
- Inability to handle tax-related responsibilities effectively can hinder career growth
- Feeling undervalued at work
- Dependence on external experts which increases the organization's costs and limits the individual’s ability to contribute fully to critical tax decisions.
- Feeling unprepared for the demands of the workplace
- Do you make mistakes in tax filings often require rework, resulting in a higher workload and extended hours?
- Lack of Confidence in Tax Discussions
- Difficulty Ensuring Compliance
If you answered YES to any of these questions, you’re not alone. Many Nigerians face similar challenges in their accounting and finance careers.
They struggle with difficulty of keeping up with changing tax laws, Challenges in handling tax audits, and Limited career opportunities as a result of lack of practical tax knowledge and skills.
And the good news is: We have something that will fix these problems once and for all!!!
But Before That, Listen To What Our Past Students Have To Say About Our Training
Now, Just Image You Already Unlock The Secrets To Mastering Practical Tax Skills For A Minute.
Like Imagine A FUTURE where:
- You can confidently navigate complex tax laws and regulations, ensuring accurate filings and compliance.
- Mastery of tax skills can position you as valuable assets to your company and advance your career seamlessly.
- With practical tax knowledge, you can provide informed advice on tax strategies, making them essential contributors to business decisions.
- By developing strong tax expertise, you can help reduce the company’s reliance on costly external consultants.
- You can efficiently handle tax audits without any errors
- You can engage in proactive tax planning, identifying opportunities for tax savings and optimizing the company’s financial strategies.
- With your tax expertise, you can earn the respect and trust from colleagues, supervisors, and clients, enhancing your professional reputation.
- You can stand out from the crowd with practical tax skills and industry knowledge, leaving a lasting impression on recruiters.
- You can impress employers with your newfound financial fluency and earn the recognition you deserve.
- You can enjoy greater job security
- Increased efficiency and productivity
- Unlock higher-paying accounting positions and watch your bank account flourish.
- You command respect and influence as an industry expert, becoming the go-to resource for guidance and advice.
This is not just a vision—it’s within your reach by enrolling for our “Practical Tax Training Academy“
See What Our Past Students Are Saying Below
Welcome to the Practical Tax Training Academy
the ultimate Training for Nigerian finance and accounting professionals who want to break free from tax-related struggles and elevate their careers
This hands-on training is designed to address the pain points and frustrations you experience daily, offering practical solutions that will empower you to handle tax-related challenges with confidence.
Only 45 Slots Available! Don’t Miss Out, Enroll Now!
Don’t wait until the next tax audit hits! Join the Practical Tax Training Academy today and become the tax expert your company relies on.
Course Outline For The Training
MODULE 1: VALUE ADDED TAX (VAT)
- Introduction and general overview of Value Added Tax (VAT) in Nigeria
- Overview of the goods and services exempt from VAT
- Overview of zero-rated goods
- Explanation of input, output VAT
- VAT deduction at source and self-charge
- Overview of the key changes in the Finance Act and VAT modification order
- Approach to filing of VAT returns and payments
- Penalties
- Recently decided cases on VAT in Nigeria
- Case study on practical issues in VAT
- Preparing for tax audits relating to VAT
MODULE 2: WITTHOLDING TAX (WHT)
- Introduction and general overview of WHT in Nigeria
- WHT rates
- Overview of transactions not liable to WHT
- Filing of WHT returns
- Penalties
- Case study on practical issues in VAT
- Preparing for tax audits relating to VAT
MODULE 3: COMPANIES' INCOME TAX (CIT) AND EDUCATION TAX (EDT)
- Introduction and legal bases
- Taxable income, deductible expenses and tax-exempt income
- Capital allowance computations – basis, rates, balancing adjustments
- Basis period and the determination of assessable profits and taxable profits
- Format for income tax computations
- Compliance requirements (Filing requirements and payments)
- Some practical and stay-awake issues
- Education tax – rates, timeline for remittance
- Case studies
- Preparing for tax audits relating to CIT & EDT
MODULE 4: PERSONAL INCOME TAX (Taxation of individuals)
- Introduction to PIT
- Who is liable to PIT?
- Relevant Tax Authority and Place of Residence
- Basis of Assessment
- What kind of income is chargeable to PIT?
- What income is not liable?
- Determination of reliefs and allowances
- The tax computation table
- Determination of PIT Liability for Employees
- PAYE scheme
- Taxation of Self Employed
- Preparing for PAYE tax audits
Only 45 Slots Available! Don’t Miss Out, Enroll Now!
Don’t wait until the next tax audit hits! Join the Practical Tax Training Academy today and become the tax expert your company relies on.
Training Benefits
- Free deferred tax course
- Free detailed tax computation templates
- Free consultation opportunities after the training
- Unlimited access to all the recorded sessions
- You'll be added to our community where we constanly share general finance and accounting job openings
- You would be our first point of contact for any accounting vacancy that requires direct referrals
- Access to seasoned and experiences experts in the field of accounting and finance
Only 45 Slots Available! Don’t Miss Out, Enroll Now!
Don’t wait until the next tax audit hits! Join the Practical Tax Training Academy today and become the tax expert your company relies on.
Why This Training Is Perfect for You:
- Tailored to Nigerian Tax Laws: Our course content is designed specifically for Nigerian professionals, covering the exact tax laws, regulations, and real-world scenarios you deal with every day.
- Hands-On Learning: No theory-heavy sessions. We focus on practical application, equipping you with the tools to tackle your work challenges immediately.
- Expert Guidance: Our experienced trainers have deep insights into the Nigerian tax landscape. You’ll be learning from experts who understand your struggles and are committed to helping you succeed.
- Career Advancement: Imagine becoming the tax expert everyone in your company turns to for advice. This training could be the key to your next promotion, raise, or new opportunity.
Who Needs This Training?
- Chartered & Non Chartered Accountant
- Undergraduate Accounting Students
- Fresh or Graduate Accountant
- NYSC (Serving) Accountant
- Financial Reporting/Manager/Finance Manager
- Financial Reporting Analyst/Lead/Accountants
- Finance/Accounts Officers/Finance Analyst/Fresh Graduates
- Internal Control/Audit Professionals
- And Anyone Interested In Finance
Who Are We and Why You Should Listen To Use?
About Accounting Yard
To improve the practical accounting knowledge of accountants by delivering high quality practical accounting training and learning initiatives for Free or at very affordable costs.
Share opportunities (JOBS and OTHERS) with accountants through our various Participants’ Alumni WhatsApp Groups, Telegram Job Groups and LinkedIn Accounting job handle.
We constantly share useful practical accounting knowledge on our social various social media handles including educative video courses on our Youtube channel and website.
Meet Our Founders & Tutors
Israel USIDAMEN
Israel is a Big 4 Trained professional with over a decade experience as a finance professional. He is an experienced ICAN Financial/Corporate Reporting teacher. He currently teaches ICAN students as Wyse Associates Ltd.
Israel is a born/natural teacher. he has a strong passion for knowledge sharing and has freely shared his knowledge through various write-ups including the popular free IFRS Study Materials titled “One Page Summary of each IFRS.”
He is one of our Co-Founders (Accounting Yard)
Oladele ODUGBEMI
Oladele is a Big 4 trained finance professional with over a decade experience with diverse experience in FMCG, Agriculture & Retail industry.
Ola trains professionals in the use of Microsoft Excel for accounting, data analysis, & financial modelling. This he has done for over 7 years.
He has vast experience in the use of Enterprise Resource Planning (ERP) in managing general ledger, business process management, and automating routine task.
He loves to impact lives through knowledge sharing.
Ola is one of our Co-Founders (Accounting Yard).
Blessing Williams
Blessing is a finance professional with eight years of experience across Tech, E-commerce, Oil & Gas, Real Estate, and Education.
She is a certified Sage and Xero Advisor. Blessing has adeptly trained over a hundred businesses and individuals in the use of Sage, Xero, and Quickbooks. She has been involved on various projects, some of which are grants, international fundraising, setting up accounts for small businesses, and software migration.
In Addition to her professional prowess, Blessing enjoys volunteering trips, and family time.
Blessing is one of our Co-Founders (Accounting Yard).
Before You Leave This Page, You Have TWO options
Option One
You keep missing out on lucrative career opportunities due to confusion and lack of practical tax knowledge, skills and expertise.
You keep getting frustrated with the lack of practical tax experience and expertise that leaves you feeling unprepared for the demand of the workplace.
Option Two
Imagine becoming the tax expert everyone in your company turns to for advice.
This training could be the key to your next promotion, raise, or new opportunity.
Stop struggling in silence. Join the Practical Tax Training Academy and transform your understanding of Nigerian tax laws.
Don’t let fear of audits or uncertainty about tax regulations hold you back.
This is your chance to become the confident, capable tax professional your organization needs.
Only 45 Slots Available! Don’t Miss Out, Enroll Now!
Don’t wait until the next tax audit hits! Join the Practical Tax Training Academy today and become the tax expert your company relies on.
Frequently Asked Questions
Yes. We make use of live practical data such as invoices, agreements, written communications to stimulate practical environment and conditions. Class examples and scenarios are based on real life examples from work experience of the facilitators, present and past participants. This makes knowledge shared very rich in content and depicts reality.
Yes. After satisfactorily completing all class projects/assignments, certificates will be awarded to participants.
Yes, we email class recordings right after the class ends. Our records are so well structured that even if you miss a lesson, you can still learn by watching the recording.
Indeed, they do. We make sure that individuals participating virtually are treated equally and given the same amount of time as those in person.
We have dedicated time slots for questions and answers, to give participant sufficient time to ask questions based on what has been taught.
Yes, payments in installments are only allowed for physical participants. All virtual participants are expected to pay in full due to the already heavily discounted price for virtual participants.
We utilize Zoom for our virtual training. Zoom makes it easy for us to create and share meeting details with our participants.
No, we do not hold sessions during the week in order to avoid conflict with our working-class participants’ schedules; rather, we hold classes on weekends, i.e., on Saturdays and Sundays.
We are located at No. 2 Idowu Ajao street (near Sophy Primary School or Redeem Church), Anthony Village, Ajao Estate, Lagos State.
Using Google map, you can use the ”The pixxel factory” to locate us, as we share the same building.