obitaxanswer

Do you control your cost? Human wants are unlimited. No amount of resources or fund is enough without budgetary control. Budgetary control is key to efficient and effective business management. TCONCEPT PROFESSIONAL SERVICES is a firm that specializes in tax, accounting and business consulting. For more information see www.tconceptpro.com or 08067922530 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. 

When dealing  with taxation of sole proprietor and partnership. The following principles has to be borne in mind. -profit is taxed in the hand of the owner or Partner(s). -Aggregating taxable income. -Expenses allowable are specified by the act and case law. However expenses allowable are expenses incurred wholly,exclusively and reasonably in the business. Some expenses allowed are below. (a)Rent. (b) capital allowance as specified by law. (c) salary . (d) Donation to approved bodies. (e) Repayment of interest on loan. (f)Others as specified by law. TCONCEPT PROFESSIONAL SERVICES is a firm that specializes in tax and business consulting. For more information see www.tconceptpro.com , E-mail: info@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 ...

Marketing Strategy is key to business success.  Defining overall marketing strategy. 1.How to enhance visibility of products and services through online and traditional channel. 2.How to measure performance and success in marketing. 3.Target setting. For more information see www.tconceptpro.com

'Failure to plan is planning to fail'. Developing a dynamic business plan that show different courses of action in case one course of action do not succeed alternative to follow is crucial. There must be plan in these key areas. -Marketing plan. -financial plan -Management plan For more information see www.tconceptpro.com

Do you know that 5 most capitalised companies in the world  innovate? Do you innovate in these key areas? 1.Marketing. 2.Technology. 3.Research and creativity. 4.Business process. TCONCEPT PROFESSIONAL SERVICES  is a firm that specialised in Tax, Business advisory and Risk Management. For more information  see   www.tconceptservices.com or E-mail:tconceptpro@gmail.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

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...