Olamide Fagbulu-2MT

Olamide Fagbulu-2MT Solution outfit for SMEs. Business / Company Registration, Book keeping and Accounting, Tax Services.

In the spirit of celebration with the Muslim faithfuls.Eid Mubarak!
27/05/2026

In the spirit of celebration with the Muslim faithfuls.

Eid Mubarak!


In the spirit of celebration with the Muslim faithfuls.Eid Mubarak!
27/05/2026

In the spirit of celebration with the Muslim faithfuls.

Eid Mubarak!


VAT Reminder: April VAT Returns is Due Tomorrow, 21st May.Rather than a mere tick-box exercise, tax compliance is a sma...
20/05/2026

VAT Reminder:
April VAT Returns is Due Tomorrow, 21st May.

Rather than a mere tick-box exercise, tax compliance is a smart cost management tool. Delayed filings now come with automated penalties, and businesses that ignore deadlines may be creating avoidable financial leakages.

Under the new tax regime and as currently implemented on Rev360, the penalty for failure to file VAT returns is:

₦100,000 for the first month of default

₦50,000 for every subsequent month the default continues

Practical Examples

March 2026 VAT not filed
Current exposure: ₦100,000

February 2026 VAT still unfiled
Penalty has rolled to:

February default → ₦100,000

March default → ₦50,000

April default → ₦50,000

May default → ₦50,000

Total exposure: ₦250,000

Compliance is cheaper than penalties!

File early. Stay ahead.



Truthfully, the 28th Annual Tax Conference held between Monday, 11th - Friday, 15th May was more than just another profe...
15/05/2026

Truthfully, the 28th Annual Tax Conference held between Monday, 11th - Friday, 15th May was more than just another professional gathering! Tax Administrators and Tax Practitioners delve into the game changers.

It was a strong reminder that taxation in Nigeria is rapidly evolving beyond compliance into technology, sustainability, governance and economic transformation. From the 6 plenary sessions to the breakout sessions (it may interest you to know that two sessions ran concurrently and successfully with silent disco headphone devices), one message stood out clearly: TAX ADMINISTRATION WILL BE DRIVEN BY DIGITAL SYSTEMS, TRANSPARENCY, DATA INTEGRATION AND PROACTIVE COMPLIANCE.

Such, businesses that still rely heavily on manual processes may soon struggle in an increasingly connected tax environment.

Another major lesson was that of sustainability and taxation of natural resources and ecological factors.

Tax systems are gradually being positioned not just to generate revenue, but to support longterm economic growth, investor confidence and national development.

For professionals, organizations and business owners, the takeaway is simple; adapt early, embrace technology, strengthen compliance structures and position for a more transparent and globally aligned tax ecosystem.

The future belongs to those who evolve ahead of the reforms.




Strong governance is no longer an option in today’s business environment but a necessity. As tax systems become more tec...
11/05/2026

Strong governance is no longer an option in today’s business environment but a necessity. As tax systems become more technology driven and interconnected, organisations must prioritise accurate reporting, transparent processes and proactive compliance culture to remain sustainable and investment-ready.

Businesses that maintain proper documentation and strengthen internal controls will be better positioned to navigate regulatory changes, reduce exposure to compliance risks and build long-term credibility in an increasingly data driven economy.

Strengthen your compliance structures, review internal processes and prepare for a more transparent tax
environment!

BusinessGrowth CorporateGovernance

“Strong governance is no longer optional in today’s business environment. As tax systems become more technology-driven a...
11/05/2026

“Strong governance is no longer optional in today’s business environment. As tax systems become more technology-driven and interconnected, organisations must prioritise accurate reporting, transparent processes and proactive compliance culture to remain sustainable and investment-ready.”

“Businesses that maintain proper documentation and strengthen internal controls will be better positioned to navigate regulatory changes, reduce exposure to compliance risks and build long-term credibility in an increasingly data-driven economy.”

*Strengthen your compliance structures, review internal processes and prepare for a more transparent tax environment!*

Some of you knew me from the “letstalktaxwithmide” days.Then came “Intentional Bookkeeping”, a conversation that started...
08/05/2026

Some of you knew me from the “letstalktaxwithmide” days.

Then came “Intentional Bookkeeping”, a conversation that started before many businesses fully realized how important structure, compliance, accountability, and proper financial systems would become in today’s business environment.

Interestingly, some of us saw the new trends coming.

Today, businesses are under increasing pressure to be more accountable, more compliant, more structured, and more financially aware than ever before.

Over the years, while I may not have been very visible on this space, the work never stopped! Through audit engagements, tax advisory, compliance support, business consultations, and continuous professional development.

Now, I’m returning with greater purpose.

This page is evolving into a hub for:
• Audit & compliance conversations
• Practical tax insights
• Accounting and business advisory
• Governance and operational structure
• Real business lessons for sustainable growth

The mission remains the same:
Helping businesses stay compliant, informed, and intentional.

Welcome to a new phase.

BusinessGrowth CorporateGovernance

Proper Bookkeeping in BusinessThe place of record keeping in business can not be overemphasized!Improper record keeping ...
02/01/2023

Proper Bookkeeping in Business

The place of record keeping in business can not be overemphasized!

Improper record keeping is one major factor responsible for close down of SMEs. Your inability to know your business in figures, inability to determine profitability or otherwise affects the decision you take in the business

No, you shouldn't close down because of improper record! The world is waiting for what you have to offer.

To get on board, send a DM or use the link👇🏻

https://bit.ly/3bMTETu





It is not just enough to have a plan. Plan and control are Siamese twins. Yes, by economic, technology, political, envi...
18/08/2022

It is not just enough to have a plan. Plan and control are Siamese twins. Yes, by economic, technology, political, environmental, government policies even natural disaster, the unimagined can happen to the initial plan, then, the twin which is control comes to play. It is important to have control measures in place. Plan and Control should be inseparable. Don't just plan, include a control measure.





How well do you know your business in Figures?????Without mincing words, you honestly should. Watch out for the next ser...
16/08/2022

How well do you know your business in Figures?????

Without mincing words, you honestly should.

Watch out for the next series; How to know your business in Figures.




Address

HEAD: 120 LASU EXPRESS ROAD, IDOWU EGBA BUS STOP, ISHERI OLOFIN, LAGOS, , Affiliate: Suite 2, First Floor Gateway Plaza, Central Business District Abuja
Lagos

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

Telephone

+2348185181545

Website

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