Frangel:
If you pay up to 500k as tax, it means more than half of your tax is at the rate of 21%.

Heishere:


That is small. I don't want to say how much I pay per month on PAYE. Whenever I receive LIRS notification I get high blood pressure. How can I legally reduce the amount I pay for PAYE without voluntary pension contribution?

emmanuelewumi:




Exactly.

I know what I am paying is reasonable enough.


I know a guy who makes a revenue of over N80 million per annum from waste management from the local government, his direct assessment tax was just increased to 250k even though he was also making an additional weekly income from event center business

Stan2330:

Pls I'll want ur input on this
There is a valuation method I read about " fair price to book value" determined by return of equity. It says that the premium placed on book value is determine by return of equity. if the return of equity = cost of equity, the fair price to book value is 1 and if the return of equity is twice the cost of equity the fair price to book value is 2.
How reasonable is this?

emmanuelewumi:




Can you share the screenshot of what you read.

emmanuelewumi:




Can you share the screenshot of what you read.

ositadima1:


Good morning, can you share the services that your active business offers?

Payunsin:
Dividend season is almost ending and I believe one has to be very careful when investing now. The following stocks are on my mind at their respective current prices.
Wapco
Chams
Japaul oil
Cadbury
What are your opinions and suggestions of better undervalued stocks.
Thanks

emmanuelewumi:




I have 3 schools. I inherited one and I established two about 15 years ago.


I need to renew the approval from Lagos State government every year. My tax clearance is one the requirements needed to get the renewal of the government approval.


Without the renewal of the approval your students can't write external exam and you will be out of business

Mankindman:

By the virtue of you creating job for government, and reducing unemployment in the society, the law permit you to officially skip all taxes only if your accountant/s are up to the task.
All your expenditures, both at home and abroad should be ideally passed to your business/es.
Only your staff should pay taxes.
At the end of every financial year, your tax refund on verified business expenditure should be large enough to buy MORISON and MEYER over 5 years.

emmanuelewumi:





After skipping all the shippable that was why they arrived at their own "best of judgement" based on the assessment

ositadima1:


Chams seems massively undervalued with a very low PE ratio, but its low trading volume and lack of regular dividends may not make it an attractive long term investment for now. I believe it may be best suited for "get in and get out" (GIGO) type of investments.

Wapco could be a better choice, as it has a good track record, decent financials, and pays dividends regularly.

Regarding Cadbury, an overvalued stock with poor ROE and dividends above EPS may not be a good investment. It's essential to consider the company's financials and earnings potential before investing in it.

Japaulgold appears promising with positive signs of generating profits, but its negative equity, huge losses in the past, and liabilities outweighing assets are red flags. You may want to wait for further progress before considering investing in this company.

PETERiCHY:



Your stubbornness for refusing to appease the gods and keeping to their ethics have kept you where you are today.

I rest my case.

LordAdam16:


A key detail you're yet to share is your effective tax rate (federal + state). What is it?

If your tax rate is less than your tithe, then Nigeria is good to you.

-Lord

stockish:
.
Thank you Sir,
But what do to say about cutix?

ositadima1:


Cutix operates a factory in Nnewi and specializes in the production and sale of electrical cables.

Similar to Chams, Cutix is currently undervalued. Quick valuation estimating its fair value at 4.2 based on the last audited financials, but I don’t see it moving there soon because of low dividend payouts.

The company provides consistent dividends. It's liquidity is relatively low and you may not be able to sell/buy easily.

Towards the end of 2021, the stock price surged to 6 naira from 2 naira, but it eventually returned to its original value a few months later.

Recently, there has been a slight accumulation of the stock.

Overall, Cutix shows promise as a long-term investment, but it may take some time to yield results.

emmasoft:
Attention Investors in SFS Fixed Income Fund Using my Link.

Thank you for supporting my ministry.
Your patronage is really much appreciated and never taken for granted.

Please note that after you verify your BVN kindly generate your virtual account number.
This will enable you to have a personalized account number such that as you deposit into it, the money goes straight to your investment there is no waiting time.

You can also give your virtual/personalized account number to a 3rd party and once money is transferred into the account, it goes straight to your investment. This can be helpful if you don't want to spend the particular money you are expecting, in that case, you can just give your virtual account number to the source of the cash e.g a debtor or even your company. You don't even need any description. Once you use your virtual account, it's treated as your personal bank account only that the content always goes to your investment directly.

When generated, it's normally Wema or sterling bank account in most cases.

As usual, I'm always available for any further clarification if needed. See my contact details in my signature.

Gasayi:
Hello
Our service :

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Whatsapp 0706246 9313

Redoil:
My is provided Bank

emmasoft:


Okay. I believe you mean Providus Bank, yes it's also one of the banks your personalized account can be domiciled.

Dum20:
I just went through list of unclaimed dividend published by Nigerian Breweries. It had 1,970 names on it.

The names are not arranged in alphabetical order. That is pure wickedness. It makes it very stressful to scan through.

it seems there is no regulation on this type of things.