Good day Coach,
How do I input annual returns details for year 2020, 2021 and 2022. So that I can pay for the total of 3 years at once when I proceed to make payment. Thank you.
Thanks Coach, you mentioned that we should always choose “January” when filing Annual Returns, does that mean we should ignore the correct date it was supposed to be filed or we should just put “January” always?
Thank you boss for the tutorial . please what is year turn over and net assets ? Is it the profit that the owner of the business get from January to December ?
You said on annual return that we should always choose January.
But if the business name is registered on March 2020, can we ignore the March 2020 to March 2021and pick January to December 2020?
Thanks for response
Good day coach, please how can I help a client generate his business turnover and Net Asset if he tells me to do so or if he doesn’t know how to go about it?
Thanks for the course on annual returns for business name. My question is that a business name was registered in 2018 and since then no business activities have been carried out. What will the person put in as turnover and net asset when no business was carried out since the registration of the business name?
Thanks coach for this explanatory tutorial. If we are filling for more than one year, let’s say for 5 years of defaults, are we to the all at a go i.e all the years payment at once or yearly. thanks
Thank you coach Franklin for this tutorial. I have a business that was registered in October 2021, if I calculate the 18months it will end in March 2023. Does that mean wen am filling I will now start my annual returns filling from March 2023 and the annual returns will now be for only 2023 right?
Thank you sir for this well detailed lecture, please Sir my client does not have his certificate and status report due to loss of his phone where it was sent to since DECEMBER 31, 2021. How do I get the certificate and the status report to proceed with the Annual returns filing?
Can a business description or nature of business be edited? A client wants to incorporate her POS into her business name that’s already existing. If Yes, how? If No, what should be done? Thank you.
Thank you for the detailed videos.
For a client that registered in 2020 but didn’t file annual returns, that means l I will multiply ₦3000 x the number of years, which is 4years. Then add the default fee of ₦5000 plus my charge right?
Good afternoon mentor, a client who got registered Jan 11, 2019 which need to fill annual returns after 18 Months which is 2021 will I calculate another year to be 18 months or 12 months
Please sir in a situation where the business is partnership,in the section of select proprietor/patners, should I click on corporate partners or individual proprietor .
It depends on the type of partnership you have. Individual partnership is when you are dealing with a personal business while corporate is for a company
Well detailed class thanks coach , my question is if the annual returns is for 8years are we going to still do it one after the other or do them together.
Good morning Coach.
I want to clarify which document I need to upload here after making payment for the filing. I’m at it for a client now and I’m lost as to the document to upload.
Good morning @ Coach Franklin, u are doing a great job, thanks so much, please in the login details, for filling annual returns, which email or user name n password I’m I going to login with?
However, you can speak with MR. EMMANUEL VIA +2347081889416 For anything related to TIN. For SCUML, we can’t recommend any contact for you at the moment.
I really hope my questions would be attended to. Please sir, for every year I file for annual returns, will I get three acknowledgement letters or just one from CAC?
I registered and submitted a business name reg for a client whose Nature of Business is: Coaching, Writing, Editing & Publishing, Speaking. And she was queried and asked to submit PROFIENCY CERTIFICATE.
Is it because of the ‘Coaching’ part of the nature of Business or what?
Or is there something to remove from the Nature of Business to avoid the PC.
Good day Coach
Thank you so much for your detailed knowledge impact.
I have a little question
I registered my business in March 2023 and the 18 months will.be due for September 2024. So I want to file for the annual returns . Should I start counting from October upwards or I start from January 2024 to December 2024?
Please clarify me🙏🙏🙏
Please coach profiency certificate what is it all about and when is it needed. Is it business name or company or ngo and what nature of business requires it
Please how long does it take to change from inactive to active
And if you are to send details to those mentioned are you still going to fill in this details on the portal before sending to me Vincent or CAC email
Your lecture was very clear, how does one know the number of years the client has not file annual ànd to know how to calculate the amount for the client thanks.
Okay. You can check that from Letter of Good standing. In terms of calulation, bill 15K/Per year for business name annual returns, 20K/per year for company registration.
Hello Coach… thank you for the training, it was explicit.
I just want clarify 2 things. I know you have answered similar questions but I want to use examples for my better understanding
1. A business that registered in Nov 2018, will the financial year start counting from Jan 2019 to Dec 2019 OR it will be Dec 2019 to Nov 2019?
2. Where and how does the 18months window apply…. is it just for people who did not default at all OR applies to all (which means the example above will start counting from May 2020)
Greetings, how do I calculate turnover and net income for a business that I registered and I still undergoing apprenticeship?
You are not the person to calculate for them, you can assume a figure if they can’t provide any for you.
Also if I registered my business in July 2019, how do I calculate how many years to file annual returns
You start paying annual returns after 18 months. So, calculate 18 months from the date it was registered.
Good afternoon sir if the total turn over is 500k can the net asset be 400k or the same amount that should be on both sides
Yes, you can. However, this figures should come from the client and not you forging the figures.
Thanks and regards.
Please how do we calculate or get annual turn over or net asset if the client self doesn’t know?
You have to think out something. You can 500k or 1m
hmmm this is very technical, and very explanatory I have to study the lesson again and again
Goodluck to you bro
What of the annual return of a company? Is it the same process? What are the costs of both? Thanks
Watch the video again for more understanding. Business name is 3k, company is 5k. Default fee for both is 5k. NGO default fee is 10k
Good day Coach,
How do I input annual returns details for year 2020, 2021 and 2022. So that I can pay for the total of 3 years at once when I proceed to make payment. Thank you.
Payment is made year by year.
How can someone create user name and password in order to log in to begin the processing of filing annual returns
Please, kindly chat up on WhatsApp.
Thanks!
Please sir, how do you know when to charge for default?
Default charge is at 5k for business name and company. 10k for NGO
How do I file for company please? Am not seeing the video.
The video is there at the post incorporation course. Check under limited liability company
Thanks Coach, you mentioned that we should always choose “January” when filing Annual Returns, does that mean we should ignore the correct date it was supposed to be filed or we should just put “January” always?
No. please, run change. always choose the date you are making the final 10K PAYMENT.
if you reserved the name last month and you are making the payment today, please,use todays payments .
Sure you got the point.
Thanks!
Thank you boss for the tutorial . please what is year turn over and net assets ? Is it the profit that the owner of the business get from January to December ?
TURNOVER IS THE TOTAL MONEY THAT CAME INTO A COMPANY FOR A YEAR.
NET ASSET IS THE PROFIT MADE IN A YEAR FROM A BUSINESS ACTIVITIES.
Alright sir
Welcome
Thank you so much Coach!
You are welcome!
COACH, please is it the clients that will provide the registration number and how do one generate the status report?
YES!
it’s the client that will provide the registration no and all other necessary details needed for the fillings.
You said on annual return that we should always choose January.
But if the business name is registered on March 2020, can we ignore the March 2020 to March 2021and pick January to December 2020?
Thanks for response
No,it won’t work if a business was registered in 2020/
To fill You simply choose January 2021 and December 2021.
it must be 12 months.
Thanks and regards.
Thanks Coach, assuming a business was registered somewhere in November 2019. What year will he start Filing Annual Returns?
Thanks and best regards…
The business will start filing her returns from 2020.
So, the year to fill for will be 2020, 2021, 2022 & 2023 . That’s 4 years.
Sure, this was helpful!
But is the business not expected to file after 18 months of registration
Pls I need clarity on this
You are to after 18 months sir
Good day coach, please how can I help a client generate his business turnover and Net Asset if he tells me to do so or if he doesn’t know how to go about it?
No, you can not.
If the client dose not know the net asset and turnover, then he or she should give you any figure that he feels to use.
But do not put your own figure, even though the client insist that you do that.
Okay, thank coach
You are welcome!
Hello sir, will you be issued the acknowledgement letter by cac immediately after filing?
Yes!
Immediate they approve. You get an acknowledgment letter instantly.
Hello sir, will Mr Vincent charge 5k for each year of the filing?
No need to contact Mr. vincent anynore. It’s now authomatic.
Please Sir, what is status report?
it’s a 2-5 page documents showing the details of the owners of a company or business.
How can I generate a status report?
Check the video on post incorporation course
Thanks for the course on annual returns for business name. My question is that a business name was registered in 2018 and since then no business activities have been carried out. What will the person put in as turnover and net asset when no business was carried out since the registration of the business name?
For this, kindly put Zero , 0 both as turnover and net asset.
Thanks
Thank you Coach. I got every information needed. God bless you sir
I am glad you found value
Thanks coach for this explanatory tutorial. If we are filling for more than one year, let’s say for 5 years of defaults, are we to the all at a go i.e all the years payment at once or yearly. thanks
Filing is done year by year
I just paid for annual returns but it is still showing not submitted.
Well done!
Hi Coach,
How does someone go about filing an annual return for a partnership registered business?
Would the information of the both partners be input in and which of the categories are we to choose? Individual still or which one?
Choose partnership
Does this process change for filling annual returns for an NGO?
YES, It does!
Thank you coach Franklin for this tutorial. I have a business that was registered in October 2021, if I calculate the 18months it will end in March 2023. Does that mean wen am filling I will now start my annual returns filling from March 2023 and the annual returns will now be for only 2023 right?
Yes.
Thank you sir for this well detailed lecture, please Sir my client does not have his certificate and status report due to loss of his phone where it was sent to since DECEMBER 31, 2021. How do I get the certificate and the status report to proceed with the Annual returns filing?
Well, you can charge him for that to get another status report for him.
I am enjoying the class thanks.
I am glad you are enjoying it!
Keep rocking the training.
Can a business description or nature of business be edited? A client wants to incorporate her POS into her business name that’s already existing. If Yes, how? If No, what should be done? Thank you.
5k default fee times the number of years too.
Thank you for the detailed videos.
For a client that registered in 2020 but didn’t file annual returns, that means l I will multiply ₦3000 x the number of years, which is 4years. Then add the default fee of ₦5000 plus my charge right?
Good afternoon mentor, a client who got registered Jan 11, 2019 which need to fill annual returns after 18 Months which is 2021 will I calculate another year to be 18 months or 12 months
The person will file 2021, 2022 and 2023.
Please sir in a situation where the business is partnership,in the section of select proprietor/patners, should I click on corporate partners or individual proprietor .
It depends on the type of partnership you have. Individual partnership is when you are dealing with a personal business while corporate is for a company
Well detailed class thanks coach , my question is if the annual returns is for 8years are we going to still do it one after the other or do them together.
Yes, we will still do it one after the other!
Thank you sir
Welcome
Good morning Coach.
I want to clarify which document I need to upload here after making payment for the filing. I’m at it for a client now and I’m lost as to the document to upload.
Thank you, sir,
For NGO annual returns only. You are to upload audited financial statement. For others, you don’t upload anything…
Good morning @ Coach Franklin, u are doing a great job, thanks so much, please in the login details, for filling annual returns, which email or user name n password I’m I going to login with?
Kindly speak with your training facilitator for access.
Thanks and regard!
Much well-done and appreciated for this. Please is TIN and SCUML registration included in this training?
No. This is not included.
However, you can speak with MR. EMMANUEL VIA +2347081889416 For anything related to TIN. For SCUML, we can’t recommend any contact for you at the moment.
Thanks and regards!
Good evening Sir,
Thaanks for the training.
If someone wants to file annual return for 8yers, will he pay 3k+5k=8k default fee for each year?
Bill the client 15K/Year if it’s for business name registration.
I really hope my questions would be attended to. Please sir, for every year I file for annual returns, will I get three acknowledgement letters or just one from CAC?
1 acknowledgment letter per year.
Thanks for the class
Please what is the manning of tuning over?
TURNOVER: This is the total money that came into the business in a year.
Good day Coach.
Please, I need help.
I registered and submitted a business name reg for a client whose Nature of Business is: Coaching, Writing, Editing & Publishing, Speaking. And she was queried and asked to submit PROFIENCY CERTIFICATE.
Is it because of the ‘Coaching’ part of the nature of Business or what?
Or is there something to remove from the Nature of Business to avoid the PC.
Please help.
IT IS BECAUSE OF COACHING, REMOVE IT
Good day Coach
Thank you so much for your detailed knowledge impact.
I have a little question
I registered my business in March 2023 and the 18 months will.be due for September 2024. So I want to file for the annual returns . Should I start counting from October upwards or I start from January 2024 to December 2024?
Please clarify me🙏🙏🙏
You will start fillings in 2025 on or before June, 2025
Thanks and regards
Good day Coach
Thank you so much for the detailed video.
I filled for annual returns on the 23rd of August, it’s still pending.
It will be approved, be calm!
Please coach profiency certificate what is it all about and when is it needed. Is it business name or company or ngo and what nature of business requires it
It’s required when you want to register some specific and professional businesses or companies
Please how long does it take to change from inactive to active
And if you are to send details to those mentioned are you still going to fill in this details on the portal before sending to me Vincent or CAC email
Activation is now automatic.
Immediately you fill for all the years. it becomes active within 24 hours.
Thanks
Your lecture was very clear, how does one know the number of years the client has not file annual ànd to know how to calculate the amount for the client thanks.
Okay. You can check that from Letter of Good standing. In terms of calulation, bill 15K/Per year for business name annual returns, 20K/per year for company registration.
Hello Coach… thank you for the training, it was explicit.
I just want clarify 2 things. I know you have answered similar questions but I want to use examples for my better understanding
1. A business that registered in Nov 2018, will the financial year start counting from Jan 2019 to Dec 2019 OR it will be Dec 2019 to Nov 2019?
2. Where and how does the 18months window apply…. is it just for people who did not default at all OR applies to all (which means the example above will start counting from May 2020)
Thank you very much
1. The financial year will be from JAN 1, 2019 TO DEC 31, 2019
2. 18 Months only applies to Company (ltd) and not business names or NGO.
Sure this was helpful?