Time to halt incentive bonanza

The Betts Firm

In October 2020, our Chief Executive Officer, Alfred Akibo-Betts chaired a session on Country Experiences on Tax Incentives at the West African Tax Administration Forum (WATAF) Virtual High-Level Policy Dialogue on “Promoting Transparency in the Governance of Tax Incentives in West Africa”. In a follow-up to the meeting, the ACCA’s Accounting and Business published an article on the issues highlighted in the session.

Calls are growing to unify tax policy and legislation in West Africa in a bid to avoid a 'race to the bottom' in tax incentives for foreign investors...

You can read more of the article here.

Best Practices For Managing Account Receivables And Payables

It is no secret that many businesses, especially large ones handling high volumes of transactions, struggle with effective cash flow management. This often makes it challenging to manage accounts receivable (AR) and accounts payable (AP). Maintaining healthy cash flow and ensuring financial stability requires efficient management of both. Proper handling of AR ensures that businesses receive timely payments from customers while managing AP helps ensure that bills are paid on time, preventing cash shortages and avoiding penalties. Managing these accounts is a complex balancing act, but it is crucial for accurate tracking of purchases and for avoiding the risk of overpaying or missing payments for goods and services— a situation no business wants to face!

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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...

27 October 2022

Why we need an Effective Regulatory Framework

Regulatory Framework refers to tax information, essential rules, procedures, and other important information, like laws and governing bodies that act as guides to ensure that businesses are operating by the law.