Chidera Anele Profile picture
Husband| Serial Entrepreneur| Accountant| Business Advisor| Christian Believer
Nov 3, 2020 14 tweets 3 min read
How To Make Money For Christmas Selling Other People's Product
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Author: Adebayo

No Money? No problem. No website? No problem.

Not learnt how to run Sponsored Ads yet? No problem.

Making money online doesn't always require a capital if you have a simple strategy... Here is one you can start immediately now without any money.

Go to Jiji and find a product that solves a problem. This product must not be common in that it shouldn't be a product people can easily get from their local store or supermarket.

Trust me when I say such products...
Aug 18, 2020 11 tweets 3 min read
How to Successfully Track Your Business Finances
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As a start-up or veteran owner of a business, it is extremely vital for you to have a system that you follow to track your income and expenses. A structured accounting system by which every business financial... transaction flows.

This system should be followed consistently and done weekly or monthly to record and manage your business finances.

Your accounting system will show the operating procedures your bookkeeper or accountant will engage in keeping the books of accounts...
Jun 6, 2020 12 tweets 3 min read
Before You Invest Your Cash In Any Company In The Country - Consider These Few Points To Make Informed Decision
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A simple Thread.

I’m going to use Agriculture or Agro Allied business as a template to drive home my point. But then, the information locked up in this... write-up is applicable to any industry. So, you’d do well to take to heart the content of this thread and apply it accordingly to the space where you intend to play or invest your money. It’ll help.

Why are my using Agriculture or Agro-Allied businesses as a case study?...
May 13, 2019 24 tweets 5 min read
G.O.T of Taxes.

HOW NIGERIAN BUSINESS OWNERS OBTAIN TAX CLEARANCE CERTIFICATE WITH THE F.I.R.S
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CASE STUDY #2

Assuming you registered your business in 1995 or later but did not commence business operations immediately until let’s say 2013 - What do you do?... We helped a client who had this unique challenge.

A particular client of ours (name withheld) who deals in automobiles on the Island, though on a relative medium scale level was approached by a bank (name withheld) to supply a number of vehicles to the bank.

As a condition...
May 11, 2019 17 tweets 3 min read
PRACTICAL GUIDE ON HOW BUSINESS OWNERS IN NIGERIA CAN OBTAIN TAX CLEARANCE CERTIFICATE WITH THE F.I.R.S - PART 3
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Conditions Under Which Tax Clearance Certificates May Be Issued By The FEDERAL INLAND REVENUE SERVICE.

This is practical. Not sharing theory.... In order to buttress my point, i’m going to share with us THREE case situations and the practical steps required to obtain company Tax Clearance Certificate under each scenario.

Undoubtedly, your situation should fall under one of these below if you are a company...
May 10, 2019 14 tweets 3 min read
Practical Guide On How Business Owners In Nigeria Can Obtain Tax Clearance Certificate With The F.I.R.S - PART 2
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What is the meaning of Taxpayer Identification Number (TIN)?

Tax Identification Number is simply a UNIQUE NUMBER identification... issued by the F.I.R.S to identify a person (company or individual) as a registered taxpayer in Nigeria.

It is dedicated to ONE taxpayer alone. It is not transferable.

A TIN is primarily issued in order to guide the tax payer in the remittance of his tax liabilities...
May 9, 2019 12 tweets 2 min read
Practical Guide On How Business Owners In Nigeria Can Obtain Tax Clearance Certificate With The F.I.R.S
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What EXACTLY is a Tax Clearance Certificate and why do Companies need it?

Perhaps, you are asking.

Well, the idea behind this write-up is to show... you a practical approach by which you can obtain a Tax Clearance Certificate for your company provided you are transacting business in Nigeria

First, a description of Tax Clearance Certificate

A Tax Clearance Certificate (TCC) as it is popularly called, is a written evidence...
Apr 19, 2019 12 tweets 2 min read
Business Owners, Listen Up.

Four Reasons to Engage an Accounting Service Consultant
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Entrepreneurs are known to invest blood, sweat, tears, pain, money just name it when they decide to take the plunge and start off a new project or business. They gain... and sharpen new skills as they move along the entrepreneurial way.

Often times, single handedly, they take up the responsibilities of the CEO, CFO, COO, and, a couple times, run domestic errands.

It is ok if you're just getting started and trying to bootstrap your business...
Apr 16, 2019 18 tweets 3 min read
Having An Accounting Software Manage Your Business Transactions Is Not Debatable
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If you think that starting your own business is a stroll in the park, then you might be in for a rude shock. A lot of interrelated tasks come into play.
Aside from developing good... products and having enviable services at your disposal, you still have a responsibility to sell to the market.

One of the most essential considerations in running a business is your ability to effectively manage your finances. Regardless of the size of the business, be it big,..
Apr 6, 2019 13 tweets 2 min read
Pricing Strategy for Business Owners
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Let’s assume you want to import 10 units of ‘Hair Clippers for Men’ from China for resale as a newbie who’s just taking a plunge into Mini Importation business... What costs will you take into consideration to guide you to determine the best price to charge for your product? And, what will be your selling price?

These two questions are critical to helping you need to make informed decision before investing your hard earned money...
Apr 3, 2019 16 tweets 4 min read
HOW TO KNOW IF TAX DEDUCTIONS FROM YOUR SALARY IS REMITTED TO THE TAX AUTHORITY
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Chidera,

Can you help me with this challenge I’m having at the office now? How do I know that my P.A.Y.E. that is deducted from my salary every month is honestly and accurately... remitted to the tax authorities since I don’t have anything to show for it?

I’m afraid I might not be able to present proof of remittance when the need arises.

My Response
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That’s a good question and it truly calls for concern by anyone affected.