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How to Compute Pension Contributions in Nigeria
For employees, every pay cheque is a step toward a secure retirement and future, but only if pension contributions in Nigeria are calculated correctly, ensuring their Retirement Savings Account (RSA) grows steadily for a worry-free future. For business owners, accurate pension contributions in Nigeria are the key to avoiding steep penalties and building employee trust,…
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10 Payroll Terms Every Business Owner Should Know
Running a business in Nigeria is already a sport. Managing payroll can be tricky, but understanding these key terms can make your life a lot easier. Here’s a simple guide to help you navigate the essentials of payroll: 1. Gross Pay This means the amount an employee earns before any deductions are taken out.In simple…
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A Smarter Alternative To Payroll Spreadsheets That Saves Hours Every Month
The Hidden Costs of Spreadsheet-Based Payroll For many small business owners, HR managers, and managing directors, payroll has become synonymous with juggling complex spreadsheets. While using Excel or Google Sheets might seem cost-effective, it often carries hidden costs in time, accuracy, and stress. In fact, small business owners spend nearly 5 hours on payroll taxes…
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Five Common Payroll Mistakes and How to Avoid Them
Introduction As someone who pays out salaries, the worst thing that can happen to you is an error that jeopardises someone else salary, and you now have to pay for the error later (that is, if you have not been sued) Things get worse if it is an error you could have simply avoided by…
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Does Your Business Actually Need an EOR? Here’s How to Know.
Does your business actually need an EOR? This is a question that most business owners should ask when they need to expand their workforce beyond their base of operations. Turning to employer of record services to hire and manage staff when you need remote talent is usually a great option, but because it is not…