Opposite LASPOTECH, Ikorodu

TO AVOID UPCOMING TAX TROUBLE...

If you Have register a Limited Liability Company (LLC) with the corporate affair commission in the past, and you have opened a bank account for the company. Or you are planning to Register your company and  have a corporate bank account, it's important you read this. 
It does not matter if this business is still active or not. If you really want to avoid the upcoming tax trouble, please STOP USING YOUR LLC ACCOUNT FOR PERSONAL TRANSACTIONS.

WHY?
Soon, the Federal Inland Revenue Service (FIRS) will trace all corporate bank account to the owner(s) using the Bank Verification Number (BVN).
This time, the FIRS will carry out an audit on your company through the Bank account and request you provide your proof of VAT remittance.
This simply means that you may need to provide VAT on every transactions as well as normal Tax.
THE WAY OUT?
The major solution is that you stop using your corporate account for private transactions.
DO PERSONAL TRANSACTIONS WITH YOUR PERSONAL ACCOUNT.
With your private account, you do not have issue with FIRS you might only need to pay your normal Personal Income Tax (PIT)

ALTERNATIVE WAY:
If you have a Limited Liability Company (LLC) and the business is not active yet, don't open a bank account with it yet.

Alternatively, you can get a business name with the CAC, { DOWNLOAD MY FREE BOOK ON HOW TO REGISTER A BUSINESS YOURSELF ONLINE WITH CAC } This book will Teach you step by step ways to do the CAC registration without visiting the CAC office until it's time to collect your certificate.
Once you download this book, do your normal Business name  registration.
Once you get your business name certificate, you can then  open a bank account with it.
With Business name, you are seen as an individual and you will only have tax business with the State Internal Revenue Service.

If you register ONLY YOURSELF As the owner of the company, you will be able to use your personal Tax Identification Number as the company's (TIN).
If you follow the steps above, you will be greatly saved from the upcoming tax palava.
I hope this pieces will go a long way in saving many people.
-Amuda Quazeem
(Q90Digital.Com)
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