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By Ishmael Bangura, Founder & CEO of SLONEC Accounting is a critical component of any small business’s success. Yet, many small businesses in Sierra Leone struggle with maintaining accurate financial records, leading to costly mistakes. In my experience as the Founder and CEO of SLONEC, I’ve identified the top 10 accounting mistakes that small businesses …

Top 10 Accounting Mistakes Small Businesses Make and How to Avoid Them Read More »

By Ishmael Bangura, Founder & CEO of SLONEC Financial statements are more than just numbers on a page—they are essential tools that provide insights into the health and performance of your business. However, many business owners in Sierra Leone struggle to understand these documents and how to use them effectively. In this blog, I’ll break …

Understanding Financial Statements: A Guide for Business Owners Read More »

By Ishmael Bangura, Founder & CEO of SLONEC For small and medium-sized enterprises (SMEs) in Sierra Leone, tax compliance is more than just a legal obligation—it’s a cornerstone of sustainable business operations. Navigating the complexities of the tax system can be challenging, but it’s essential for avoiding penalties, maintaining a good reputation, and contributing to …

Understanding Tax Compliance for SMEs in Sierra Leone Read More »

By Ishmael Bangura, Founder & CEO of SLONEC Deciding whether to incorporate your business is a major decision that can have significant tax implications. In Sierra Leone, incorporating your business offers several benefits, but it also comes with certain drawbacks. As the Founder and CEO of SLONEC, I want to provide a balanced view of …

The Pros and Cons of Incorporating Your Business for Tax Purposes in Sierra Leone Read More »

Tax laws play a crucial role in shaping the economic landscape of any country, and Sierra Leone is no exception. For small businesses, understanding and complying with these laws is essential for maintaining financial health and avoiding legal complications. In this article, we’ll explore the impact of tax laws on small businesses in Sierra Leone …

The Impact of Tax Laws on Small Businesses in Sierra Leone Read More »