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Please Help! How Does Obtaining TIN From FIRS Help My New Business??? - Nairaland General - Nairaland

Nairaland ForumNairaland GeneralPlease Help! How Does Obtaining TIN From FIRS Help My New Business??? (312 Views)

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Please Help! How Does Obtaining TIN From FIRS Help My New Business??? by IkpemhiTG(op): 9:02am On Jan 05, 2019
I and my friend run a small biz but we don't have a business account yet.

We don't want to use our personal name to open an account instead we prefer to use the "business name" We have already registered with CAC

We were told we must pass through FIRS

Now what is the implications of this if at the end we register it with FIRS to obtain the TIN NO

Is it not possible to run a small business account without involving FIRS?

The business is just coming up no profit yet.. But do you have an idea of how much percentage goes to FIRS as tax every year billed on a cooperate account?

Please what do you suggest we do as a small business trying to break even
Re: Please Help! How Does Obtaining TIN From FIRS Help My New Business??? by Heartbender: 9:03am On Jan 05, 2019
Get a lawyer
IkpemhiTG:
I and my friend run a small biz but we don't have a business account yet.

We don't want to use our personal name to open an account instead we prefer to use the "business name" We have already registered with CAC

We were told we must pass through FIRS

Now what is the implications of this if at the end we register it with FIRS to obtain the TIN NO

Is it not possible to run a small business account without involving FIRS?

The business is just coming up no profit yet.. But do you have an idea of how much percentage goes to FIRS as tax every year billed on a cooperate account?

Please what do you suggest we do as a small business trying to break even
1 Reply

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