For business leaders, navigating 2026 requires more than just "keeping receipts"; it demands a proactive evolution in how you structure your company, manage your assets, and report your income. To help you safeguard your enterprise from crippling fines and legal exposure, we’ve identified the key tax mistakes that can be avoided with the right knowledge and preparation.

The new tax law aims to create a fairer system, impacting how much tax is deducted from your salary. This understanding not only helps you avoid unexpected deductions but also empowers you to make informed financial decisions.

The new Nigeria Tax Act 2025 represents a meaningful shift toward an SME-supportive tax system. Instead of penalising small businesses for existing, the law creates space for them to grow, stabilise, and eventually contribute more sustainably to the economy. The threshold for small companies is generally set within the ₦50–₦100 million turnover range, depending on the nature and structure of the business.

The foundation of payroll automation lies in choosing a robust, flexible payroll software solution. A strong system does much more than calculate salaries, it manages compliance, integrates with other essential tools, and ensures accuracy across every pay cycle.