What you Should Know:

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- The FIRS requires that all companies submit specific returns on an annual basis. These returns comprise the Financial statements, showing profit or loss for the business and other asset/liability positions, and Tax Computation for each year.

- All companies that fail to render these annual returns will have to pay compulsory penalties, computed on a monthly basis e.g. N50,000 per month for late filing. These penalties combined with interest and tax liabilities often run into millions of naira in some cases.

- The FIRS may enforce these compulsory tax payments by: liaising with banks to block Company bank accounts, denying companies the collection of their Tax clearance certificates or even placing the office premises under lock and key.

The great news is "FIRS, as a COVID 19 Palliative, is waiving accumulated penalties for all companies until 31 December 2020. 

What to do Next?

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- Submit Financial Statements and Tax Computation to the FIRS immediately before 31 December, 2020. That's all you need to do.

If you need assistance or clarification, you can send an email to taxmanonline365@gmail.com or Call/WhatsApp on 09012262552.
#TaxmanOnline

The average (new-age) travel consultant makes a total revenue of up to N50 - 60m yearly. The new-age consultants are those that are able to fully utilise social media to attract and retain clients.

Travel consultancy has evolved from mere Visa processing and flight/hotel booking to curating special resort packages, arranging tour packages and fun events in the destination country, taxi to and from the airport; an all inclusive package that keeps the client comfortable all through their trip.

Interested in starting a business/career as a travel consultant?

Business 247 will teach a few people the basics of the travel consultancy business.

Send a WhatsApp message on 09012262552 to us or click the link below to join the free WhatsApp class.

https:///2349012262552

Are you good at making small chops, Nigerian dishes or Grilling? Call or whatsapp 07011188844. Referrals are also encouraged.

Vacancies for Small chops & Grill specialists and Cooks in Lagos:

Are you good at making small chops, Nigerian dishes or Grilling? Call or whatsapp 07011188844. Referrals are also encouraged.