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Showing posts from May, 2019

HOW CAN I BENEFIT FROM INDIRECT TAX STRATEGY?

VAT and other indirect tax  take more than  9 percent of business revenue. How do you reduce the impact of indirect  taxes. 1. creating  a business and tax structure that  minimize your  vat and other indirect tax. 2. Planning and understanding the impact of indirect tax in your business. 2.Get  vat and indirect tax expert that will diagnose your tax system. Tconcept Professional services specialise  in tax and business advisory for more information see www.tconceptpro.com or call +234(0) 8067922530 Disclaimer : Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice.                            ...

THE TRUTH ABOUT TALENT AND SUCCESS!!!!!!!

PEOPLE ARE TALENTED, GIFTED AND SUCCESSFUL!!!! What do you think?  Let start with analysis of human brain.  Human brain is amazing and is made up of  86 billion nerve cells.  All humans are endowed with this amazing 'thing'.  Why is it that some seem more successful than others.  Does hard work alone account for this success? Success is the combination  of hard work and 'right mindset'. 'RIGHT MINDSET' is as follows - -Education and development.  -Proper analysis of fact, thinking ability and innovation.  -Action.  -'Faith' For more information see  www.tconceptpro.com . Tconcept professional services specialized in tax and business advisory.

MANAGING INCOME TAX OF HIGH- NET -WORTH INDIVIDUAL

To be successful while managing income tax of  high-net-worth individual is essential that the tax planner understands the relationship between investment and tax. Just being knowledgeable in tax laws is not enough.  The tax planner must understand good investment and the tax effect. In other words the tax planner must be  a good investment adviser. The tax planner must understand  how to manage these two indices. Deferred tax and exempt tax. OTHER  PLANNING  STRATEGY FOR HIGH-NET-WORTH INDIVIDUAL. 1.ESTABLISHMENT OF FOUNDATION AND CHARITABLE DONATION. 2.SETTING UP TRUST TO MANAGE ESTATE AND INHERITANCE TAXES. 3.INVESTMENT VEHICLE THAT MINIMIZE  TAXES. For more information see www.tconceptpro.com Disclaimer : Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this ...

HOW DOES TRANSFER PRICING AFFECT YOUR TAXES?

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Transfer pricing is pricing of goods and services for related persons. Related person(s)  is as listed below. - Associated companies. -Companies in group of companies. -Blood relations. -Director or chairman of two companies(the two companies are related). Examples of related parties transactions includes the following:  1.Transactions between a company and its Subsidiary or related company. 2.Transactions between a director and his/her company. 3.Transactions between  a person with substantial amount of shareholding and his/her company. 4.Transactions between a company and a person related to the principal  officer of that company.    For example C.E.O's wife and the company. 5. Transactions between companies where  the director of one of the companies has a substantial interest in    another. 6 . Transactions between blood relations and relatives. 7. Transactions between employer and the employee. Sometimes it become...