CHANGE IN ACCOUNTING DATE (PRACTICAL EXAMPLE)

this video give detail explanation on how to compute using old date and new date and also identifying the relevant year of assessment.
#ican #nigeria #tax #changeinaccountingdate #basisperiod

[@OgoloOgechi]

Thank you so much sır you are good at what you do

[@israelisrael1358]

well simplified

[@preciousemmanuel9193]

Well understood Sir

[@temidayoakinbi2467]

Finally understood this, Thank u

[@MRISRAEL]

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[@OmolosoWasiu-xq2zg]

Well-done sir however the first calculation under the new date is 100, 000 not 120,000
You have indeed made me understand it

[@NnameziefaithIfeoma]

My own question isn't like yours.
I have
12months to 30th June 2006
12 month to 30th June 2007
15month to 30th September 2008
12months to 30th September 2009
12 month to 30th September 2010.
How do I do this.
Looking for the new date

[@OgoloOgechi]

I think the same rules applied just follow it systematically

[@plenaryfurniture]

Good evening sir

[@MRISRAEL]

I greet you sir...

[@toluwasepeter2157]

Good evening sir,
Sir the Explanation above does it deal with the new finance Act or Old finance Act

[@MRISRAEL]

Thank you for coming around....
Change in accounting was not affected by finance Act 2020, so the computation remains thesame, the finance Act 2020 affected commencement and cessation...
I hope this helps

[@plenaryfurniture]

Please sir I am finding it difficult to solve a question on change of accounting date, in personal income taxation, the one that u used to solve is on company taxation.

[@MRISRAEL]

Send to my mail

[@picturethisstory]

What's the difference between period to and period ended

[@MRISRAEL]

Period to is always more than or less than twelve months while period end or year year is exactly twelve months...
If there is any questions, please do let me know

[@ibaadurahman1943]

I dont understand the concept of old and new date in this question, because we are using 2016 in the computation of both new and old date, please explain

[@MRISRAEL]

Take note of the old date and take note when they changed to a new date
You can have 30th June 2016 as you old date and decide to change you accounting year end to 31st December 2016..
The above is an example
So you can change your accounting year end from 30th June 2016 to 31st December 2016...
Let me know if their is any confusion...
Thank you

[@ibaadurahman1943]

@@MRISRAEL ohh
I got it now, thanks so much sir

[@MRISRAEL]

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