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New tax law: SON Professional Services offers compliance lifeline to businesses

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SON Professional Services

SON Professional Services has announced a support framework to help Nigerian businesses comply with the country’s new tax law

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SON Professional Services, a Lagos-based accounting and corporate consulting firm, has announced a comprehensive support framework to help businesses navigate Nigeria’s new tax law.

Also read: Liam Rosenior Agrees to Become Chelsea Manager

The firm said the initiative will simplify regulatory interpretation, reduce compliance risks, and ensure uninterrupted operations amid ongoing tax reforms.

It noted that many organisations are adjusting to changes in tax administration and enforcement under the new legal framework.

SON Professional Services offers assurance and audit, accountancy, tax planning and management, training, and human resource development services.

According to the firm, its response to the new tax regime goes beyond routine compliance and focuses on strategic guidance aligned with business objectives.

The firm explained that it will interpret the new tax provisions into clear and practical terms, tailored to each client’s industry and structure.

This includes assessing the impact on company income tax, withholding tax, value added tax, reporting timelines, and documentation requirements.

SON Professional Services also plans to conduct tax health checks for existing clients to identify compliance gaps, exposure risks, and lawful tax optimisation opportunities.

The firm said the proactive assessments will help businesses avoid penalties, disputes, and operational disruptions.

To ensure continuity, the firm is offering end-to-end support, including updating accounting systems, restructuring tax processes, and training finance and management teams.

It added that ongoing advisory support will be provided as implementation challenges emerge.

According to the firm, its change management model helps business leaders anticipate regulatory shifts and build adaptive capabilities.

Industry observers say professional advisory services are becoming critical as tax reforms emphasise transparency, digital reporting, and enforcement.

They warn that businesses that fail to adapt quickly risk compliance breaches and financial strain.

SON Professional Services reaffirmed its commitment to helping Nigerian businesses remain compliant, competitive, and resilient as regulations evolve.

Also read: Nigerian Army Foils Kidnapping, Rescues Three in Taraba

For enquiries, the firm can be contacted via WhatsApp on 09034649088 or at its office on Obafemi Awolowo Way, Ikeja, Lagos.

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Business

How EIB, AfDB and EU Are Unlocking Nigeria’s Entrepreneurial Potential

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Nigeria’s entrepreneurial potential deserves investment—and the support to turn ideas into growing businesses.

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Through Boost Africa, the European Investment Bank (EIB), together with the African Development Bank (AfDB) and with EU support, is strengthening entrepreneurship and innovation.

By supporting venture capital investment and providing technical assistance, Boost Africa helps African businesses, including those in Nigeria, access capital, expertise
and networks to grow and reach new
markets.

Meet one of the businesses behind the Boost Africa story. Hear Daya’s
co-founders, Tomiwa “Aleph” Lasebikan, and Paul Joe share the company’s journey and ambition to connect African businesses to global markets.

▶️ Watch Daya’s Boost Africa story:

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NISO Warns of Severe Power Supply Strain as Gas Runs Short

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 NISO power generation has fallen as gas shortages and low reservoir levels constrain thermal and hydroelectric plants, worsening supply nationwide

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Business

Boost Africa Fuels Daya’s Bold Cross-Border Ambitions

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 Boost Africa Daya highlights how investment is supporting Nigerian fintech innovation and easier cross-border payments for African businesses

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