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WE'RE BMO & CO. CHARTERED ACCOUNTANTS

Providing Value Beyond Numbers

Cultivating Financial Excellence: Elevating Businesses Through Expert Accounting, Unparalleled Insight, and Lasting Value Creation.

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WE'RE BMO & CO. CHARTERED ACCOUNTANTS

Financial Consulting For Your Business

Unlocking Financial Potential: Comprehensive Consulting Solutions Tailored to Elevate Your Business's Financial Performance.

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WE'RE BMO & CO. CHARTERED ACCOUNTANTS

Helping You To Grow Your Business

Empowering Your Financial Success: Partnering with Precision, Insight, and Excellence in Accounting Services to Catalyze Sustainable Growth for Your Business Ventures.

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PARTNERS FOR GROWTH

Why We Do What We Do

At the centre of our work is a commitment to helping the businesses we serve grow exponentially. We have evolved from being service providers into partners helping our clients navigate challenges, create structure and achieve expansion.

This commitment is powered by our belief in our clients and the impact they create. We are honoured to be part of their journey and committed to doing everything we can to help them succeed.

WHAT WE OFFER

We provide the best services for you

Our services

Audit & Assurance

We provide quality, professional and independent services that assure stakeholders of the financial health of our clients.

Consultancy

We provide business strategy and advisory that enables businesses to transform into their most competitive and sustainable model.

Taxation

Our experienced tax advisors understand and interpret constantly changing tax laws to ensure that our clients meet all tax obligations.

Accounting

We provide expertise on a range of accounting matters including the creation of accounting systems for new businesses and the improvement of existing accounting systems. We also offer on-site accounting support for clients.

Contact Us

08173048711

info@bmoandco.com

09049752095

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November 27, 2024 Business

Expected Credit Loss in line with IFRS 9

Probability of Default (PD): The likelihood that a borrower will default on their obligations...

November 2, 2024 Business

Auditing a construction-in-progress account

Auditing a Construction-in-Progress (CIP) account requires a systematic approach to ensure the accuracy, completeness, and valuation of costs related to ongoing construction projects. Below are...

October 11, 2024 Business

Accounting in Construction Companies

Nigerian construction firms typically manage and report contingent liabilities related to project risks in line with local and international accounting standards, as well as industry best practices...

September 27, 2024 Business

Technical Session for September 23, 2024

What is a standard cost system? A standard cost system is an accounting method used in manufacturing to establish predetermined costs for producing goods, including materials, labor, and overhead...

September 18, 2024 Business

Accounting in the Nigerian Fintech industry

Fintech companies in Nigeria often incur significant costs for customer acquisition, including referral incentives, bonuses, and promotional expenses. These costs, when deferred, are typically...

August 16, 2024 Business

Fintech Operations in Nigeria

Fintech solutions can significantly streamline accounting and bookkeeping processes in Nigeria by automating manual tasks, improving accuracy, and enhancing financial management. Here’s how...

July 25, 2024 Business

Pioneer Industries in Nigeria

The Nigerian government designates certain industries as "pioneer industries" to stimulate economic growth, attract investment, and encourage the development of critical sectors. Companies operating within these pioneer industries may qualify for tax incentives...

July 10, 2024 Business

Deduction of Tax at Source (withholding) Regulations 2024 Highlights

The Deduction of Tax at Source (Withholding) Regulations 2024 outline the procedures, rates, and responsibilities for the withholding of taxes at source on various types of income under these Acts: Companies Income Tax Act (CITA), Capital Gains Tax Act (CGTA)...

July 5, 2024 Business

Pioneer Status Incentive in Nigeria

Pioneer Status is an incentive scheme established by the Nigerian Investment Promotion Commission (NIPC) Act to promote investment in specific industries that are deemed crucial for the economic development of Nigeria. Companies that qualify for Pioneer Status...

June 29, 2024 Business

How to audit revenue recognition and accounting for hotel rooms, food and beverage sales

Financial reporting in the hospitality industry involves the preparation and presentation of financial statements and related information to provide insights into the financial performance and position of businesses such as hotels, restaurants, resorts, and...

June 11, 2024 Business

Tax and Accounting in The Nigerian Construction Industry

In Nigeria, construction companies can benefit from various allowable deductions and incentives for expenses incurred during the construction process. These typically include: Cost of Construction Materials : The cost of materials used in construction, such...

June 10, 2024 Business

Accounting in the Nigerian Manufacturing Industry

Regulatory bodies that govern the operations of Manufacturing Companies in Nigeria and how they operate to ensure compliance with their regulations. STANDARD ORGANIZATION OF NIGERIA (SON) : SON is responsible for setting industrial standards for goods and...

May 12, 2024 Business

Structure of Non-Profit Organizations

Non-profit organizations typically structure their governance around a board of trustees, directors, or governors, depending on the terminology used in the organization's governing documents. The board of trustees usually consists of individuals with...

May 10, 2024 Business

Accounting in the Construction Industry

Construction companies account for revenue recognition under the percentage of completion method (PoC) by recognizing revenue based on the progress of a contract. Here's how they determine contract revenue, costs, and calculate the percentage of completion...

April 18, 2024 Business

African Continental Free Trade Area (AfCFTA)

The African Continental Free Trade Area (AfCFTA) is a free trade area established in 2018 by the African Continental Free Trade Agreement, which has 43 parties and another 11 signatories, making it the largest free trade area by number of member states...

April 17, 2024 Business

Free Trade Zones in Nigeria

A free trade zone (FTZ) is a dedicated area within a country where foreign and local companies can import materials, manufacture goods, export products, and perform services without being subject to customs, tax, labour, and other bureaucratic regulations...

April 5, 2024 Business

The Evolution of Pension Reform Act in Nigeria

The objective of pension is to provide post-retirement monetary benefits for employees. In an ideal organisation, an employer offers a pension plan to each employee by setting aside a certain amount from their gross income, and that money grows over the years...

March 27, 2024 Business

Green Accounting

Green accounting, also referred to as environmental accounting or sustainable accounting, is a specialized branch of accounting that focuses on integrating environmental costs and benefits into financial reports and decision-making processes. It assesses the ...

January 1, 2024 Business

Training

Our training program is driven by an understanding that growth is initiated and sustained internally. Our training sessions are designed to increase the capacity and skill of your company’s workforce to ensure that they deliver on growth and expansion goals...