Tag Archives: Small and Medium Scale enterprises.

Electronic Taxation and Tax Compliance among Some Selected Fast Food Restaurants in Lagos State, Nigeria (Tax Payers Perspective) (Published)

This study assessed the effect of level of awareness on electronic tax on tax compliance by small and medium scale enterprises (SMEs) in Lagos state; it also examined the effect of perceived ease of use on tax compliance and determined the effect of electronic tax filing system cost on tax compliance among SMEs in Lagos state; This was done with a view to determine the effect of electronic tax filing system on tax compliance among SMEs in Lagos state Nigeria. The study employed the survey research design. Data were collected from primary sources through the use of structured questionnaire distributed to the SMEs at their place of work. The population of the study consist of nine hundred and fifty (950) small and medium scale enterprises in Lagos state in the fast food restaurants sub sector. A sample size of two hundred and eighty-one was selected using the Taro Yamane formula. Data collected were analysed using descriptive statistics, structural equation model analysis and regression. Analysis of the study revealed that level of awareness (LOA) showed significant positive relationship with tax compliance (β= 0.276; t=2.689; p=0.008). It was also revealed that perceived ease of use (PEU) (β = 0.249; t= 2.331; p= 0.022) has a positive effect on tax compliance but was statically non-significant. The tax compliance cost (TCC) (β=-0.289; t= -2.568; p=0.012) showed a non-significant negative effect on tax compliance. The study therefore concludes that the level at which the tax payers are aware of the electronic tax filing system will determine their compliance rate and the compliance cost may discourage the tax payers from using the system if it is higher. Although the effect of ease of use is non-significant, the positive effect it has indicates that it has the potential to influence tax compliance. The study therefore recommends that government should increase its tax awareness efforts; review the electronic tax filing system to reduce cost of usage and provide a user friendly avenue for using the system.

Keywords: Perceived Ease of Use, Small and Medium Scale enterprises., Tax Compliance, electronic tax, electronic tax filing system cost, level of awareness

Accounting Information Systems and Small/Medium Scale Enterprises (SMEs) Performance (Published)

The importance of accounting information system in any organisation, especially the small and medium scale enterprises cannot be over emphasised. The accounting information systems employed by SMEs are very crucial to their performances. Due to lack of accounting information, SMEs however, make wrong decisions. In light of this problem, this study sought to determine the effect of accounting system on the performances of SMEs in Nigeria. The population of this study consists of the Small and Medium scale Enterprises (SMEs) in Festac – Town, Lagos. Data were extracted from 154 questionnaires administered with 80% retrieval success. The hypotheses were formulated and tested using regression analysis at 5 per cent level of significance (0.05).The data were analysed and interpreted using both descriptive and inferential statistics. The study found accounting information system having a significant positive effect on SMEs performance. In conclusion, accounting information systems employed by the managers/owners of SMEs were found to have contributed positively to their decisions and performances. We therefore recommended that users of accounting information should take cognizance of the quality of accounting information systems provided so as to aid their performance.


Keywords: Accounting information system. Decision making, Performance, Small and Medium Scale enterprises.

Commercial Banks Role in Financing Small Scale Industries in Nigeria (A Study Of First Bank Plc. Ado-Ekiti, Ekiti State) (Published)

The research study examines the role of commercial banks in financing small scale enterprises in Ado Ekiti, Ekiti State. The primary purpose of the study is to examine how SMEs can be developed through the intervention of the banking sector. Descriptive research design was adopted. The population of the study is the entire SMEs in Ekiti state and United Bank for Africa (UBA). Questionnaires were used as an instrument of primary data collection. Purposive sampling technique was used to select the sample; correlation analysis was employed using chi-square. Findings revealed that there is a positive correlation between loans grants by banks and the growth and development of SMEs in Ekiti State also, that SMEs cannot be concentrated in Ekiti State if they are not effectively financed due to the relationship that exists between the banks and SMEs. It was recommended that guidelines/schemes by commercial banks to finance SMEs needs to be flexible to accommodate the small and medium scale entrepreneurs.

Keywords: Commercial Banks, Indigenization Decree, Industrial Development Centre, Small and Medium Scale enterprises., Small-scale industry, Sole Proprietorship


This paper analyses the impact of credit on the performance of SMEs in Sokoto metropolis the capital city of Sokoto State of Nigeria. This research is important in the sense that it may provide feedback on government programs and policies on SMEs finance. The research uses primary data collected from 294 respondents out of a population of 1710 registered SMEs in Sokoto metropolis using the random sampling technique. Regression analyses were used to analyse the data. The result shows credit is a major determinant of employment generation of SMEs. It is therefore recommended that is that policy makers should continue to formulate policies that will compile banks to increase credit to SMEs and reduce interest rate on the loan.

Keywords: Credit, Performance, Return on Assets, Small and Medium Scale enterprises., employee total assets ratio.


Accounting has variously been described as the language of business. This is in recognition of the fact that without accounting, determining organizational performance would have become a mirage. Accounting provides fundamental information about a business so that interested parties and in particular investors can make informed decisions regarding that business firm. This paper therefore appraises the accounting skills needed by small and medium enterprises for sustainable economic development in a developing nation using Taraba State of Nigeria as a focal point. The paper aims to ascertain the fundamental accounting skills needed by SMEs in the State and to determine the benefits accruable to the firms who acquire these skills. The paper adopted the descriptive research design approach and data were generated from professionals and operators/owners of SMEs in the state through a thirty point structured questionnaire. The data analysis was conducted by means of the means scores and standard deviation of the respondents. The hypotheses were tested using the students’  t-test statistics. The results showed that most of the owners and operators of SMEs in the state do not know the accounting skills required to enhance the economic status of their businesses. They however agreed that the skills will enhance their business acumen and improve their profit margin. Also it was discovered that the accounting skills needed by small and medium scale enterprises do not differ significantly with the skills required by large enterprises. The paper recommends massive and regular training of the owners and operators of SMEs nationwide on the accounting and business skills. The paper concludes that the acquisition of fundamental accounting skills by owners of small and medium scale enterprises is of utmost importance given the numerous contributions that are inherently accruable to owners and operators of SMEs especially in developing nations

Keywords: Accounting Skills, Small and Medium Scale enterprises., Sustainable Development, Taraba State of Nigeria


This paper studies the readiness of small and medium scale enterprises (SME) in Lagos State, Nigeria for the adoption of International Financial Reporting Standards (IFRS) and the likely challenges that may be encountered in the adoption process. The work employed a descriptive survey design and data were collected from primary source. Findings show that a major factor why IFRSs would be adopted by Nigeria is because other countries have adopted them. Again results show that the IFRS for SMEs adoption process is currently confronted with diverse challenges that may prevent the effective adoption and implementation of IFRS for SMEs in Nigeria in 2014 if they are not addressed with promptness. This study recommends that the curriculum of both secondary schools and tertiary institutions should be restructured in order to be IFRS compliant and the cost of acquiring IFRS education should also be subsidized especially for small firms by major accounting regulatory bodies in Nigeria

Keywords: Adoption Process, International Financial Reporting Standards, Small and Medium Scale enterprises.