BASIS PERIOD: Finance Act 2020 // Commencement & Cessation

[@doosemsugh]

Thank you so much but can you please solve a question that involves the profit assessable rather than determining basis periods and year of assessment?

[@aramidelawal3423]

Dear tolu, thanks for your efforts.pls I will like you to treat transfer pricing and pioneer legislation. Thanks

[@ola7706]

Makes up acct to 31/3 every year. You first year of assessment is going to be 1/2/2019----31/03/2019. Under 2020 YOA

[@emmanuelumukoro1366]

Yeah I’m confused

[@mmeso..5794]

I really enjoyed learning this!

[@iyenblessing4400]

Thanks so much ....I passed using just using your videos

[@rebeccaadiyelogun4071]

I am writing Taxation May 2024 diet, I failed the November 2023 diet for taxation😢. I was so close to the cut off mark. Thank you for your videos ma

[@opeyemijubril1252]

Nice... it's really helpful❤🎉

[@SOAJIBO-oz5qy]

Thank you Our darling teacher. Please give us video class on double taxation and digital TAXATION. Once more , thank you and remain abondantly blessed

[@michellechioma1158]

Thank you so much it was helpful.

[@the_akinola]

thank you so much tolu, we appreciate

[@oluwapelumiosho2570]

where is the video for petroleum industry act

[@rebeccaadiyelogun4071]

Please how do we calculate Terminal Adjusted profit and assessable profit in a cessation question. I am referring to Nov 2023 Ican past questions (number 7 - for taxation)

[@oluwabukunmi-je8ky]

Please ma..in some questions I'm solving..they only give the date of commencement and ommit the date that the company made up it accounts to..so how do I go about it?

[@mfondouglas7893]

U have made advance taxation very simple

[@comfortolorunsaye5872]

Thank you very much

[@Phenixidolise]

Why not solving the assessable profit part on commencement date that's where am confused 😢

[@ganiyuefundipo1488]

Hi Tolu, thanks for your efforts, quick one if the basis period is 1/3/2019- 28/2/2020 and Tax Year is 2021, however this business ceases operation 30/4/2020 what will be the Tax year.

[@Isaleorodexclusive]

Still 2020... Cos you count six month after the cessation period to determine where your tax year falls in.

[@ola7706]

You have actually made an overlap with your first year of assessment. Count it, it is more than 12 months

[@EstherThomas-m5e]

Thanks , Ma'am Can you please solve some questions that involves both Commencement of business, Change of accounting date and Cessation of the business all in one question.

[@ChinwenduOkorie-nl1kb]

Please ma'am, I want to know if the finance act 2019 is same with that of 2020

[@rosemaryosakwe5263]

Please treat double taxation

[@sampsonsalis7130]

Thank you so much ma

[@akingbesoterebecca9521]

Thank you for reviewing it. God bless you

[@MercyJanet-xh5nb]

Pls ma I need your help on changing of date they way my lecturer Is teaching me I don't understand it even the format is different from your own format

[@DanielOrji-sx1vq]

Pls is this on actual year basis?

[@0nuhDanladialih]

Capital allowances

[@sahidbasirat7672]

Pls treat hire purchase

[@agnessimon8426]

hi Gud evening, pls i drop mssg on ur IG page, pls help and solve it pls