John Marshall quote: “The power to tax is the power to destroy.”
why would you want to allow anyone to destroy you or your business?
Agreed that taxes can be a huge distraction when it comes to running your business. Hence, the reason a lot of business owners try to run away from it – the wilful act of evade paying taxes.
Research also made it clear that 58% of small business owners in Nigeria find being tax compliant and ease of doing business as one of their biggest challenges.
But how do we then avoid tax troubles and still continue to stay relevant without being caught or penalized eventually?
The number one business tax mistake a small business owner can make is to willfully evade paying taxes – #taxevasion. This act is like skating on thin ice thinking that they won’t get caught and punished eventually.
This act does not include honest mistakes or errors. Evasion is what the tax authorities call “voluntary, conscious, and intentional” conduct.
Tax complexity itself is a kind of tax but it doesn’t have to be overwhelming, hence my popular quote and saying
“You can avoid trouble and, at the same time, legally slice millions of naira off your tax bills if only you know the ins and outs of small business tax laws most especially if you have a Lagos Business or you are Nigerian Business Owner.” – SmallBizSaver
The preparation process takes time and energy that you could have spent working with your customers and building your business, not to mention the stress it will have on your mental health, time, and resources.
With The BizSaver Academy, you have nothing to worry about as we present you a free webinar
FREE Webinar will reveal:
“How your business can get into tax troubles and how you can avoid them”
This webinar will walk you through salient facts/factors that you need to know/consider as a small business owner in Nigeria when it comes to tax and your business and most importantly the difference between tax avoidance and tax evasion to save you from the cost of ignorance and unnecessary tax liability.
Results speaks for us
Knowing SmallBizSaver has actually moved my business from the point of hobby to an intentional business activities. Before I met her, I don't keep records of my expenses let alone know how much my monthly turnover is but her involvement in my bookkeeping tasks has helped me to upscale my accounting knowledge. Thank you so much, SmallBizSaver
The Amazing Cake Maker
I co-own several businesses and some distributorship deals. Smallbizsaver has been helping me for almost 4 years now with services ranging from tax compliance to preparation of financial accounts . At Gem3A Solutions, I received the kind of creative strategic advice that I had been seeking for some years now because I didn't really value the service of an Accountant initially. Smallbizsaver brings vast experience with tax authorities to the table. She has quick and practical solutions for even the most complicated FEDERAL and STATE tax planning questions. I highly recommend Gem3A Solutions to the world.
A friend of mine referred SmallBizSaver to me as my consultant. After series of phone discussions, I decided to visit her in the office, and the reception was very warm like we've known each other for a long time. I was impressed with her professionalism and detailed attention paid to my financial accounts. I felt like I'm home. Transfer from my previous consultant was easy. I signed one paper and Gem3A Solutions took care of the rest. Therefore, I highly recommend SmallBizSaver.
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