IFEYINWA Ifeyinwa Is

Emeka Ihebie Lawrence

Emeka Ihebie Lawrence16 November 2018 at 19:11

You ought to have opened a bank account for your business name where you receive all business related payments. Lumping all the money in your account will expose you to being liable to pay all the taxes related to your business. Including VAT which the tax authority may decide to levy at 5% on the gross amount in your account. Again it does not make business sense and good record keeping sense to lump your business money with your personal money in the same account. No let the FIRS and LIRS pay you a red eye visit o!

 

 

The Television personality was expected to appear on September 27, but missed her appearance because she was overseas.