Forensic Accounting & Fraud Examination - Part 1
Occupational fraud is when an individual commits fraud depending on how much opportunity he has in the organisational hierarchy, it’s therefore the deception, the act of concealment, that convinces fraud examiners that the perpetrator knew his or her actions were wrong. An example of one of the most notorious occupational fraud schemes ever is the Enron scandal. Enron was a...
Classifying Workers For Tax Purposes in Sierra Leone (Employee versus Independent Contractor)
This blog highlights the tax legislation differences between employees and independent contractors. Furthermore, we explore the tax implications and impact on organisations, employees’ wages, and government revenue if workers are misclassified.
Sierra Leone’s Cash Crisis: An Opportunity to Promote Digital Payments
Since November 2020, there has been a shortage of Leones as citizens are challenged in withdrawing the amount of cash they need from commercial banks. This cash shortage affected Sierra Leoneans as, traditionally, Christmas is when we splurge the cash to prepare for weddings, parties and family celebrations.
Goods and Services Tax in Sierra Leone, A Decade On: Going Down Memory Lane
At the end of 2019, I resigned from my job as a Deputy Commissioner at Sierra Leone’s National Revenue Authority (NRA). I consider this singular action a pivotal moment in my professional life. As I started reflecting on some of the critical moments that transformed my life from a young graduate joining the NRA as a Collector (Junior Supervisor) to leaving as a Deputy Commissioner with a wealth of experience in the sixteen (16) years I was at the authority, I decided to narrate the GST implementation story. I am quite sure that telling this story would not only help finetune my next steps but will also serve as a lesson for the young generation of professionals and our country.