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Jobs/Vacancies / Re: Linkedin, Indeed And Others Are They Real And Useful? by WithX(m): 9:26am On Jan 11 |
Yemite14557: and you are saying he doesn't really need a job All you listed needed start up capital and good networking otherwise its back to square one |
Politics / Re: Betta Edu: Why I Approved Payment Of ₦585 Million Into A Private Account by WithX(m): 1:43am On Jan 07 |
Career / Re: I Relocated To US To Start My Career Again - Vincent Adeoba by WithX(m): 7:04pm On Jan 05 |
Timoleon: I also wonder why his SWOT and PESTLE analysis did not reveal the toxicity and competitiveness in the sector to him. And to think say na millions them go charge to help you prepare a business proposal Yes the business environment in the country is nothing to write home about but many are still standing strong and many startups are comming up with innovative business models even in the already saturated and competitive transportation sector. 1 Like |
Career / Re: I Relocated To US To Start My Career Again - Vincent Adeoba by WithX(m): 6:55pm On Jan 05 |
rayopt: You took it out of my mouth bro, A senior Associate for that matter . Even a fresh graduate know that a feasibility study would have shown the competitive nature of the industry and the SWOT analysis would have clearly shown the startup strengths and what opportunity is available not to talk of the threats which abound in the sector in a metropolitan city like Lagos. To have even admitted doing some miscalculation in the SWOT analysis for your personal startup says a lot about his competency. Every business comes with its own risk and each country has its own peculiarities. But our Government needs to make the business environment more suitable for startups and existing business. 2 Likes |
Sports / Re: Supersport Won’t Air Nations Cup Matches As DSTV Fails To Secure AFCON Rights by WithX(m): 12:54pm On Jan 05 |
chukkystar: OfCourse i am aware it just a marketing gimmicks, reason i tagged him to provide such FTA Stations which is affiliated to DSTV. Its really unbelievable to think no investor is bold enough to give them a run for their money. Only If Hitv directors were not so self centered. 1 Like |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 11:41pm On Jan 04 |
anu3: So true to your words. You indeed are a patriot. So good to know you see it through. 1 Like |
Sports / Re: Supersport Won’t Air Nations Cup Matches As DSTV Fails To Secure AFCON Rights by WithX(m): 10:27pm On Jan 04 |
chukkystar: And would you be kind enough to educate us on the affiliate FTA stations of DSTV. Pls (remember they say free to air) do not mention any station you can not wach on that decoder withouth you having an active subscription, i'll like to be educated. |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 11:34pm On Jan 02 |
anu3: Same to you bro. @Bolded, No, the officials will only guide you on the amount payable as tax after filling in the details of your earnings. Once you know how much you need to pay, you can proceed to pay directly to the service account. Some state service are not on Remita platform so you may not be able to generate a RRR. Rather ask for the designated bank and proceed to make your payment. 1 Like |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 8:57pm On Dec 21, 2023 |
anu3: Yes i did not mention that because it is expected that you would have taken that into consideration as they are expenses you incurred in getting the income, so it is expected that you will need to deduct those to know what your income is. Again do note that the consolidated allowance is used when you are going the PAYE route. You are allowed the consolidated allowance as a relieve on your income. For DA, you will need fill the form A to determine your taxable income |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 5:20pm On Dec 18, 2023 |
anu3: Ok, it is now clear that you have to deal with the State inland revenue board. @ the bolded, except you are talking of Direct Assessment, for PAYE, it is progressive. if you want to calculate it yourself, - you sum up what you get per annum, - Deduct Consolidated Relief of N200,000 plus 20% of Earned Income - If you have any pension, life assurance or you pay for NHF, you deduct that too. - After deducting all the above, then you are left with the taxable income. - You now apply the tax rate: First 300,000 7% Next 300,000 11% Next 500,000 15% Next 500,000 19% Next 1,600,000 21% Above 3,200,000 24% for example, if your taxable income after deducting the relieve and allowance amount to 700k, you apply 7% on the first 300k, 11% on the next 300k, then the remaining 100k [700 - (300+300)] will be tax at 15%........ NB: The Direct Assessment would be more appropriate as a freelance, but given the scenario you found yourself and the skepticisms you have, you can go with the above and fulfil your civic responsibility without anyone ripping you off. 2 Likes |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 7:30am On Dec 18, 2023 |
skultrick: Bros, you really do not need the bolded to make your point. Everyone is entitle to his or her opinion and one can do that without being insulative or using derogative words. We can all be civil you know . Back to the topic, there is what we call tax avoidance and tax evasion, Evasion is the one that is seen as a criminal act and punishable by law, Avoidance is looking at the loopholes in the tax law and taking advantage of it which is not a criminal offence. For you to be comfortable with Google taking your 80k monthly and remitting same to the US government to better the life of the US citizen and so not willing to perform your civic responsibilities in the state of residence for the betterment of the citizens there speak volume sir. I tell you sir if Google can take 80k as tax, what you need to pay to fulfil your civic responsibility will be only a fraction of that amount. 1 Like 1 Share |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 7:18am On Dec 18, 2023 |
anu3: As earlier said, you have noting to fear or worry about, I already suggest what you need to do to cut them off completely while still dealing with them. You are performing your civic responsibility voluntarily. Let me make it simple for you - From your first comment, you have a TIN number, this i am quite sure you got from FIRS (considering you prefer online processes) - What your partners (those who contract you) may want to see is the evidence that you are not a TAX defaulter. This depend on if you are working solo or you registered as a business. - For the later you need to show evidence that your business is tax compliant and with that you will need to deal with the FIRS using the TIN you registered earlier. (However, you still need to pay personal income tax as an employee of the company, that will now take you to making PAYE remittance to the state). - For the former you need to file for Direct Assessment (DA) given that as a freelance you are under the category of Professionals. However, given the current circumstances, you can not do a DA without getting the official involve (as even LIRS that is online do not have the Form A for download on their website) as you will need to a form where you will declare all your earnings). - However, considering your reservations, for your personal income, you can remit your PAYE, use this calculator https://www.smepayroll.com.ng/calculator/tax or as suggested by @ Onegig. What matters are you are doing it rightly with a clear conscience. - After calculating what you need to remit, get the service account details and make your remittance. take the teller to their office, they will give you an official receipt. Most state service have dedicated banks with specially designed teller, on the teller you will have option to put your TIN number. - On relocation, except if it is for some other reasons, it not worth it for the singular reason of income tax. Even if you relocate today, you still need to remit your 2023 income tax to the state you are presently as long as you stayed there for at least 183 days. 2 Likes |
Music/Radio / Re: Black Sherif & Others Call For Reduction Of Foreign Music In Ghana by WithX(m): 7:08pm On Dec 17, 2023 |
clockwisereport: Ojagun: He already debunk the news saying he was quoted out of context https://www.ghanaweb.com/GhanaHomePage/entertainment/Are-you-crazy-Black-Sherif-to-persons-claiming-he-wants-foreign-music-banned-1900016 1 Like
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Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 9:46pm On Dec 16, 2023 |
anu3: At the bolded, it is actually not their fault as many state IRS do not have functional online portal where someone can do it in a DIY way. anu3: anu3: Yes Development levy is paid as a one off annual payment, it is about 2k (the last time i paid) for each staff of a company. thus, if it is only you, the dev fee for a year is just 2k (you should confirm from your state revenue service). anu3: |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 8:50pm On Dec 16, 2023 |
Navigator14: Hello sir, I do hope you are having a good day. I have seen your earlier comments but i saw them as noise thus I do not think they worth dignifying a response. I am responding because you are on my mention. First what warrant the bolded just because someone decided to do what is right? Why not just read and pass sir. I am not trained to trade insults as I am sure you must be going through something or has been really frustrated with the government for you to vent all that to someone you don't know on a public forum. My prayers are with you sir. May God or whatever you belief in heal your pains. Thank you 2 Likes |
Politics / Re: Red Flag: The Ominous Implications Of Shoprite Closure In Kano by WithX(m): 8:40pm On Dec 16, 2023 |
SSFeedsNigeria: Why trying to change the goal post. The fuel subsidy removal as well as the high inflation rate are not specific to the North, it is a general phenomenon. And again I must ask, what is so special about Shoprite? is Shoprite not offering same service as Sahad store (and other stores) opposite it here in Kano. and till tomorrow still have thousands of those you referred to at the bolded still trooping in and out on a daily basis. In business what matter is your strategy, no one cares about your multinationalism especially for groceries. Shoprite Kano changed their business strategy along the line and other stores capitalize on it, thus they fizzle out and can no longer compete. |
Jobs/Vacancies / Re: How Do Freelancers Pay Tax? by WithX(m): 8:23pm On Dec 16, 2023 |
anu3: Anu, you indeed are a true patriot. Pls do not be discouraged, follow your heart and be true to yourself. I must say i am inspired by you and i will also follow suit. Many have already proffer guide on what you need to do and how to get it done. The only thing i will like to add is once you calculate what is due (you can use any of the tac calculator already posted), depending on your state Inland revenue services (as most do not have online payment option), get the service account details and the collecting bank, then proceed to pay to the bank (this will eliminate your fear of them cheating you). Afterwards take the teller to the service office, they will issue you an official receipt. Again thank you for the enlightment and wanting to do the right thing. 3 Likes |
European Football (EPL, UEFA, La Liga) / Re: Manchester United Top 20 WORST Signings According To Fourfourtwo: by WithX(m): 4:51pm On Dec 16, 2023 |
tachia406: Abi now. Even Pogba, only that he was overpriced 1 Like |
European Football (EPL, UEFA, La Liga) / Re: Manchester United Top 20 WORST Signings According To Fourfourtwo: by WithX(m): 4:49pm On Dec 16, 2023 |
Enemyofpeace: |
Politics / Re: Red Flag: The Ominous Implications Of Shoprite Closure In Kano by WithX(m): 3:42pm On Dec 15, 2023 |
Wallade: Exactly. their patronage they enjoyed then was largely due to their low price strategy they adopted. Immediately they deviated, patronage dropped, plus the traffic at checkout. |
Politics / Re: Red Flag: The Ominous Implications Of Shoprite Closure In Kano by WithX(m): 3:31pm On Dec 15, 2023 |
SSFeedsNigeria:Likewise other business still surviving the same kano. No one is in business for charity. SSFeedsNigeria: But other businesses such as Sahad stores are also affected by the bolded yet they are still waxing stronger and opening new stores around Kano. Even after being faced with same economic realities others were able to still sell at reasonable price less or close to general market price. A new store is even opening right opposite where shoprite is located which incidentally is besides Sahad Store, that should tell you the business is thriving. SSFeedsNigeria: There are still thousands of investors thriving on the large market size opportunity presented to them, as i said earlier, its just about the business strategy. Knowing what works for the local market and adopting same to survive. SSFeedsNigeria: If you had say purchasing power is low going by current economics realities i will agree with you 100% but North economy dying, NO |
Politics / Re: Red Flag: The Ominous Implications Of Shoprite Closure In Kano by WithX(m): 1:25pm On Dec 15, 2023 |
Svoboda: Kano Shoprite branch got it wrong when they start selling their goods above market price (that is a red flag). No matter how posh your shop is many rational buyer talk more of the north will prefer buying where the good i even one naira less. With many supermarkets springing up everywhere in Kano now, its fight of the survivals Some two years back the place is always overcrowded because customers get some of their goods cheaper than the market price (surprisingly, the difference in price may just be fie naira or a little below that). I remembered taking the trouble to go to the store anytime i want to stock up on drinks because then their drinks are always around ten naira to fie naira lesser than the market price. Then you will see drink retailers storm there with pickups on daily basis. I can no longer take that trouble if i can get the drinks at a price cheaper close to me. I believe their change in business strategy have a large part to play. 6 Likes |
Politics / Re: I Have Lived In A 90% Muslim Country And They Do Not Impound Alchoholic Drinks by WithX(m): 2:46pm On Dec 12, 2023 |
FreeStuffsNG: I don't know why people are sentimental about this. is the situation any different from any of these scenario which is in play even in developed countries 1. You have freedom to drink but you must be above a certain age before you can 2. You have freedom to smoke but you can not smoke in a smoke free zone. 2 Likes |
Politics / Re: I Have Lived In A 90% Muslim Country And They Do Not Impound Alchoholic Drinks by WithX(m): 2:41pm On Dec 12, 2023 |
Bliss52: You have a valid point, but you only make conclusion without trying to know the fact. Yes its heard that Hisba do confiscate alcohol, but what you don't know is Alcohol is not totally banned in Kano just like other northern states. The issue is alcohol sale and consumption is banned within Kano metropolis but alcohol is openly sold and consumed in some areas. Go to Sabon gari area, you can drink yourself to stupor. Even within the metropolis, bars in officers mess sell alcohol. |
Politics / Re: Reno Correct A Fan On The False Statement About Nigerian Movie Industry by WithX(m): 10:35am On Nov 28, 2023 |
Raf4: Sir, sorry to say but you do not need to bring in derogatory word or tribal slur. The thread has been matured enough an we all have been enjoying the back and forth from @igwebuike01 and @LegendHero which so far has been based on facts, sentiments and whatnots but devoid of tribal slur and derogatory statements which is now the trend on this forum. Pls sir lets maintain decorum and let us learn to make our opinion known without instigating others. You know our comment are more beautiful and makes more sense if they are devoid of tribal slurs. one love bro . @igwebuike01 and @LegendHero carry go my ogas, nomatter who found what and who gross in more, what matter is Nigeria to the world. |
Phones / Re: I Bought This Powerbank For 1.2 Million Naira PHOTOS by WithX(m): 10:41am On Nov 19, 2023 |
Joelaking: +234 811 087 2345 |
Phones / Re: I Bought This Powerbank For 1.2 Million Naira PHOTOS by WithX(m): 5:30pm On Nov 17, 2023 |
AfahaAbia: When you taste solar system, you will reconsider. Its capital intensive i agree but it worth it on the long run 3 Likes |
Phones / Re: I Bought This Powerbank For 1.2 Million Naira PHOTOS by WithX(m): 5:28pm On Nov 17, 2023 |
hurryup123: why is he adding up the cost of both charge controller?, You only need one either the PWN (which is cheaper) or the MPPT. However that 60amp he quoted for the MPPT is too large for your system except you plan to upgrade the system in future, 30amps will do just fine. Disclaimer, I am not a solar installer just a DIY enthusiast and my system (2.5kva) which i set up two years ago is still up and running giving 24/7 power supply. With the system I use my deep freezer (300ltrs) and washing machine during the day only, casually use my iron, Tv (LED) up until 11pm and three bulbs and two fans till day break. The unit comprise of 2* 220 amp 12v batteries 3* 200watt Panel (I added a fairly used 250watt paned just last month) 2.5kva sine wave inverter (not sachet) 30amp MPPT charge controller All including wires, screw and tapes (excluding the panel i added last month) cost me approximately 560k. No installation cost as it was a DIY from start to finish 7 Likes |
Jobs/Vacancies / Re: From USA, is It Real Or Fake (photos) by WithX(m): 10:15am On Oct 20, 2023 |
kevoh: Thanks |
Jobs/Vacancies / Re: From USA, is It Real Or Fake (photos) by WithX(m): 1:05pm On Oct 18, 2023 |
kevoh: Pls is there any app one can use to receive UK pounds which can also allow converting to Naira |
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