Tax planning means legally arranging a person or corporate finance, business and tax affair in order to reduce tax burden. Note that ‘aggressive’ tax planning to the detriment of the government can be termed illegal. However the tax payer as a rational person will always try to minimize his/ her tax liability. T ax avoidance is legal while tax evasion is illegal. REQUIREMENT FOR TAX PLANNERS · Knowledge of tax laws (statutes, enactment, past and current case laws.) · Financial management. · Ability to apply tax skills to client peculiar circumstance. · Understanding of client operating environment. TECHNIQUES OF TAX REPORTING 1...
EDUCATION AND DEVELOPMENT (RESEARCH) Knowledge is power!!!!!!! Education and research is a way to find out “gold and diamond” God has embedded in the universe. Ignorance can lead to death. Just as ignorance about the law is not an excuse. When the medical profession has not been developed some death has been attributed to witchcraft, gods and bad people. Education empowers humans to do the abnormal. From civil engineering; art to medical sciences. Many Big and successful organization has embedded education and continuous development in their programme to empower people. Education is a powerful tool. The best country in the world has the best educational system and research system. The best military system has the best educational and research system. Education involves research and which is a tool to find unknown fact or knowledge. Education and development in form of research is only way to conquer the world. S...
-LOSSES INCURED BY A COMPANY -this can be carried forward or relieved for a maximum period of four years except for Petroleum and agricultural business. Recently loss relief limit for insurance company was extended indefinitely(that is removed). -The loss to be relieved will not be more than the actual loss. -The loss must be relieved from profit from the same source. For more information call +234-80 67922530. 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. copyright(c) 2016-Obi Azubuike
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