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Tax Exemption Status of Private Educational Institutions

Section 23 (1) of the Company Income Tax (Amended), ACT , (LFN) 2007 provides that any company engaged in ecclesiastical, charitable or educational activities of a public character in so far as such profits are not derived from a trade or business carried on by such company shall be exempted from tax. 472 more words

Tax Issues

Taxing Education Activities? Schools are being shut down!

Are private schools- primary, secondary or tertiary liable to pay tax? According to the Punch report of July 15, 2017, a private school in Asokoro area of Federal capital territory was shut down by Federal Inland Revenue Service, FIRS. 217 more words

Tax Issues

Amazing VAIDS

It is now a common knowledge that the federal government of Nigeria is building a very comprehensive profile of tax payers. The implication of this is that for every high networth Nigerians with visible assets within or outside the country, there is really no option than to key into the new Executive Order on the Voluntary Assets and Income Declaration Scheme (VAIDS). 208 more words

Tax Issues

Ask SCORE: What is the Washington State B&O Tax?

from the Department of Revenue…

The B&O tax (short for “Business & Occupation Tax”) is a gross receipts tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business. 172 more words

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Ask SCORE: What is the Washington State B&O Tax?

from the Department of Revenue…

The B&O tax (short for “Business & Occupation Tax”) is a gross receipts tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business. 172 more words

News

Fall Cleaning: Get Your Financial Statements in Order

by Kelly Deis of SoundPoint Consulting

Thinking that you might want to sell your business in the next few years?  If so, make sure your financial records are up to snuff. 671 more words

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Exit Planning Timeline: Why You Should Start Early

Article contributed by guest author, Julie Keyes, CEPA, Leader of the Year Nominee

When starting a business, most owners usually have no intention to exit his/her company but are also aware that one day, they will have to leave his/her role of business owner. 858 more words

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