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.
ABSTRACT
The aim of this study is to examine the influence of working environment on teachers’ turnov...
1.1 BACKGROUND OF THE STUDY
Breastfeeding is the process of feeding an infant mother's milk, either...
ABSTRACT
This research work is on unemployment and its effect on nigerian youths. The research work reviewed Unemploymen...
ABSTRACT
The study analysed the perception on moral values Among Senior Secondary School Students in Kaduna State, Nigeria. The study had...
ABSTRACT
Uvaria chamae P.Beauv. belong to the Annonaceae family of flowering plants. It is distributed in the savannah and secondary fore...
ABSTRACT
The journal bearing demonstration rig is an apparatus which is used to study how pressure would vary around the section of a jou...
ABSTRACT
The study examined an investigation into the impact of television series on the nigerian women (a case study o...
ABSTRACT
In the market place, no company can win if its market offering resembles every other company’s product. C...
BACKGROUND OF THE STUDY
Any society that wishes to thrive must fulfill the social pre-requisite of providing appropriat...
BACKGROUND OF THE STUDY
The economic environment is rapidly changing, with phenomena...