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One key strategy to achieve economic development is to grow the Small and Medium Enterprises (SMEs) sector of the economy. Small and Medium Enterprises (SMEs) scalability (growth or expansion) have become an area of concern for economic growth in developing economies. In view of this many researchers have attempted to come up with some of the indicators that can be used to determine SMEs success. This research literatures reviewed on small and medium enterprises (SMEs) revealed that all SMEs go through different stages of growth, commonly termed as life cycles. Also, a careful study of business theories and common approaches used by institutions to select SMEs for incubation has well established that many factors contribute to SMEs success. The critical question is, "do Business Plan and or other business documents contain all the factors that determine SMEs success?" This study through the use of the Project Angel Model and the Chaos Theory [1,2] has conducted a careful study into what determines SMEs success and found that no single business document can be used as a perfect gauge of SMEs success.

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The Global economy has seen a rapid growth in digital business transactions, especially in the provision and sale of goods and services through the application of information and communications technology. This rapid growth can be attributed to the fast rate of technological advancement which has changed how business transactions are conducted globally. The complexity associated with the taxation of digital business transaction has created the need to take a critical look at the challenges and prospects of digital business transactions in developing economies. The absence of physically commercial environment to a digital business environment generates thoughtful and significant issues in relation to taxation and taxation systems. This study relied on the second-best Tax Theory to establish that developing economies face the daunting task of taxing digital business transactions effectively due to the distortive nature of taxes on welfare losses. Whereas government and revenue collection authorities can impose tax on individuals, institutions and or products, they cannot tax digital business transactions efficiently and effectively and unless there are robust and effective tax systems in place. Even though these constraints appear more pronounced in developing economies, the implementation of effective tax could lead to an enhanced internal tax revenue for development.