Too many Nigerian business owners treat their accounting ledgers like a catch‑all drawer, where a single line labelled “Miscellaneous Expenses" or “General Office Expenses” becomes a dumping ground for dozens of unclassified payments. Entries for public relations and business development often sit there with no supporting information. What may feel convenient in the short term is, in reality, an open invitation to trouble with the tax authorities.
The Nigeria Revenue Service and state tax agencies have grown more sophisticated. Under recent
