Department of Accounting

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End date: 2025Subject: search.filters.subject.SMEs

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    Factors That Affect Tax Compliance among Small and Medium Enterprises (SMEs) in North Central Nigeria
    (Canadian Center of Science and Education, 2012-02-02) Ojochogwu Winnie Atawodi; Ojeka Stephen
    Tax is an important stream of revenue for government’s development projects. However, tax compliance among SMEs is poor. Therefore, this study was conducted using SMEs in Zaria, North-Central Nigeria to evaluate and rank the factors that encourage non-compliance with tax obligation by SMEs. It was found that high tax rates and complex filing procedures are the most crucial factors causing non-compliance of SMEs. Other factors like multiple taxation and lack of proper enlightenment affect tax compliance among the SMEs surveyed only to a lesser extent. Therefore, it is recommended that SMEs should be levied lower percentage of taxes to allow enough funds for business development and better chances of survival in a competitive market. The government should also consider increasing tax incentives such as exemptions and tax holidays as these will not only encourage voluntary compliance but also attract investors who are potential viable tax payers in the future.
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    Relationship between Tax Policy, Growth of SMEs and the Nigerian Economy
    (Canadian Center of Science and Education, 2012-02-02) Ojochogwu Winnie Atawodi; Ojeka Stephen
    This research work tries to establish if any relationship exists between the growth of SMEs and the tax policy environment within which they operate. Using business sustenance and expansion as indices of growth, it analyzes responses obtained questionnaires distributed to SMEs in Zaria, North Central Nigeria. Sampling for the survey was done using the non-probability sampling method specifically by judgmental sampling. The hypothesis was tested using Spearman’s Rank Correlation. Although there is a general perception that that tax is an important source of fund for development of the economy and provision of social services, the study revealed a significant negative relationship between taxes and the business’ ability to sustain itself and to expand. In order to obtain a vibrant and flourishing SME sector, the tax policy needs to be appropriate such that it will not be an encumbrance to the growth of small and medium enterprises.
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    Owner Characteristics And Access To Bank Financing
    (Timisoara Journal of Economics and Business, 2020-02-02) Lukman Adebayo Oke; Uthman Ahmad Bukola; Alade Ayodeji Ademokoya
    The study examines the influence of owner specific factors on access to bank financing among SMEs in North Central Nigeria. Self-administered questionnaires were employed for data collection from the sampled SME owners/managers in the study area. A sample of 280 SMEs was drawn from the population of 1030 SMEs. Logistic regression was used in analyzing the data. The study found that gender, personal networking and personal relationship with the bank, which are significant at 0.05, 0.1 and 0.1 respectively, are the owner characteristics influencing SMEs’ financial access, whereas the owner’s age, education, experience, financial literacy and personal wealth do not have significant influence on SMEs’ access to bank financing in the region. The study concluded that while all the identified owner’s attributes are complementarily important in financial access, banks are more gender biased, value personal relationship and networking ability of firm owners. The study therefore, recommended among others, the need for SME owners to establish and maintain more improved relationships with their banks and form strong linkages with relevant stakeholders in the external environment for better resource exchange including financial access.