THE IMPACT OF TAX AUDITS ON BUSINESS OPERATIONS
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE IMPACT OF TAX AUDITS ON BUSINESS OPERATIONS
This study investigates the impact of tax audits on business operations in Lagos. The objectives are: to examine the operational disruptions caused by tax audits, evaluate the financial implications of tax audits, and assess the strategies businesses use to manage audit processes. A survey design was employed, with data collected from 300 business executives, derived using Taro Yamane's formula for an accurate sample size. A case study of a prominent manufacturing company in Lagos provided detailed insights. The reliability coefficient score of the survey instrument was 0.87, indicating high reliability. Findings reveal that tax audits often lead to significant operational disruptions, including resource diversion and time consumption. Financially, businesses face increased costs due to penalties and compliance efforts. Strategies such as proactive tax planning and maintaining accurate financial records were found to mitigate these impacts. Recommendations include improving the efficiency of audit processes by tax authorities and providing clearer guidelines to businesses for better audit preparedness.
Related Project Materials
ASSESSMENT OF THE ROLE OF TEACHERS IN CLASSROOM MANAGEMENT IN SECONDARY SCHOOLS IN NIGERIA
Abstract
Effective classroom management consists of teacher behaviour that produces high level of the involvement of st...
DANIELLIA PHARMACOGNOSTIC AND BIOLOGICAL STUDIES OF THE ROOT OF OLIVERI (ROLFE) HUTCH. & DALZ. (CAESALPINIACEAE)
ABSTRACT
Daniellia oliveri is one of the most extensively utilized medicinal plants; it is a tree all of whose parts are used in Nigeria...
EFFECTS OF POSITIVE REINFORCEMENT AND SOCIAL SKILLS TRAINING COUNSELLING TECHNIQUES ON SULLENNESS AMONG SENIOR SECONDARY SCHOOL STUDENTS
ABSTRACT
This study investigated the effects of positive reinforcementand social skills training counselling techniques on sullenness amo...
PROTECTION AND REDRESS FOR VICTIMS OF CRIME IN NIGERIA: AN APPRAISAL OF THE ROLES OF THE POLICE AND THE COURT
ABSTRACT
The decline in protection and redress for victims of crime in Africa, and Nigeria in particula...
THE ROLE OF BUDGETING IN STRATEGIC PLANNING
THE ROLE OF BUDGETING IN STRATEGIC PLANNING
The objectives of this research are to: (1) investigate how budgeting integr...
A STUDY OF THE COMIC ELEMENTS IN WOLE SOYINKA'S THE TRIALS OF BROTHER JERO AND THE LION AND THE JEWEL
ABSTRACT
Study of the comic elements in Wole Soyinka's "The Trials of Brother JeroandThe Lion and the Jewel. Th...
ASSESSMENT OF EFFICIENT INVENTORY MANAGEMENT ON THE PERFORMANCE OF MANUFACTURING FIRMS IN NIGERIA
Background to the study
The material or inventory management function is one of the most relevant roles...
DESIGN_AND_IMPLEMENTATION_OF_AN_AUTOMATED_INVENTORY_CONTROL_SYSTEM_FOR_A_MANUFACTURING_ORGANIZATION
BACKGROUND OF THE STUDY
The Petroleum Equalisation Fund Management Board is a scheduled Parastatal of the Ministry of Petroleum Res...
A COMPARATIVE STUDY OF GUIDANCE AND COUNSELING SERVICES EFFECT ON SECONDARY SCHOOL STUDENTS’ ACADEMIC PERFORMANCE IN NIGERIA
Background to the study
Since the Nigeria Republic's independence from colonial rule, numerous posi...
EFFECT OF LABOUR TURNOVER ON ORGANIZATIONAL PERFORMANCE
Abstract
This work examined the relationship between labour turnover and organizational performance in Kaduna State wat...
