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…
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…
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,…
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…
For most Nigerian business owners, managing numerous spreadsheets and racing against time to calculate salaries and pension contributions before another deadline passes is the norm. One missed pension remittance or incorrect PAYE calculation could result in hefty fines or unhappy…
As a business owner, either a tech startup or a big fashion brand, dreaming of launching a business in Nigeria’s vibrant market. The opportunities are massive, Nigeria is a hub for tech startups and growing industries. But the thought of…
As a business owner in Nigeria, one thing you’ll want to do is stay on the right side of the law. Nobody wants to face penalties or warnings from authorities for payroll compliance issues. It is crucial to ensure that…
Payroll and HR management often burden business owners with time-consuming tasks like calculating salaries, handling taxes, and ensuring compliance. In Nigeria, companies are increasingly adopting payroll automation to ease these monthly struggles and focus on growth. Two leading platforms, Bento…
