obitaxanswer

When planning your taxes or projecting a 'tax financial budget '.It is crucial to consider the impact of 'conversion' of revenue expenditure to capital expenditure or vice versa. The impact on taxes could be significant when permited by law. For more information call +234 (0)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) 2017-Obi Azubuike

Below are some tax guides 1.Conversion of projected transactions from high tax rate brackets to low tax rate bracket-Legal restriction exist. 2.conversion of immediate tax cash outflow to future cash outflow. 3.Method of financing -Equity or debt financing. Although there are legal restriction. 4.Accounting policy-Legal restriction exist. 5.Transfer pricing methods. 6.Costing methods. 7.Engaging in tax exempt business. 8.Researching  specific tax laws to see available tax incentives. 9.Financial budget simulation to see reflection of different tax indices. 10.Compare 'delay tax payment penalty with potential benefits other adverse consequences'. 11.Consider the impact of differing payment during inflationary period if legal. 12.Consider the impact of pricing of intangibles such as patent, invention & others. 13.'Cost contributory planning'. SEE MORE   TAX PLANNING AND INVESTMENT STRATEGY-EBOOK   ACCOUNTING SOFTWARE   Disclaim...

Do you know that more than 50 percent of businesses fail within few years of start up??? Below are some reasons why businesses fail. 1.lack of strategic business plan & innovation. 2.Lack of Management Strategy and skill. 3.Inability to manage cash flow risk. 4.Inability to manage regulatory and compliance risk. For more information call +234 (0)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) 2017-Obi Azubuike

There  are some few tips that will help you reduce your taxes legally. 1.Keep accurate records of your income and expenditure. 2.Prepare a yearly financial  budget-This can be done by simulation of different income level and expenditure. 3.Get a tax advice from a tax consultant that understand your business. 4................................................................................................................... For more information call us  +234(0)8067922530 or 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 publication. Consult your professional for advice.  copyright(c) 2017-Obi Azubuike

Documentation is required for pricing of goods and services for connected parties e.g partners,blood relatives,subsidiaries etc. Some documentation required are as stated below. 1.Data and information for examination of connected parties' pricing. 2.Analysis of  functions performed, risk taken and assets employed. 3.Analysis of comparability factors. 4.Forms and other items prescribed by the tax authority. For more information call us  +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.  copyright(c) 2017-Obi Azubuike

There are some indices which indicates mispricing when dealing with transfer pricing. They are as stated below 1.'High' pricing with no associated risk. 2.'High' pricing which is not commensurate with cost contribution. 3.'High' pricing without proper documentation to justify the reason for such pricing. 4............................ For more information call us  +2348067922530 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

There are different methods of pricing goods and services for the purpose of determining appropriate price.    some of the methods are highlighted below. 1.Cost plus margin. 2.Cost plus markup. 3.Comparable price method. 4.Profit split method. 5.Cost contributory method. 6.Expected cashflow method from asset/invention. 7.Advance pricing agreement. Sometimes it becomes more difficult to price a product or services. For example pricing invention is more difficult to do. However there are legal requirements for pricing goods and services for tax purposes as specified by different countries. For more information call us  +2348067922530 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