ABSTRACT
The main objective of every small
scale industries or business is to maximize profit. The choice of the topic
"the effect of income tax on the performance of small scale
industries" derives frog, the fact the most management of business
entities are yet to come to terms with the realities on the implication of
taxes are incontrollable business expenses. Moreover, the statement of the
problem that prompted the injury and research of this work is that most of the
small scale manufacturing firms in this area mostly in Abia State are suffering
from profit squeeze and inefficiencies. There is also inadequate infrastructure
which gives the small scale industries headache in the industries. They suffer
from low capital base because they cannot be able to borrow from financial
institutions. There is the inability to employ and pay lip trained and
competent personnel and they go for cheap unskilled labour Therefore, is the
purpose of this study to investigate and discover f any of the effect of income
tax on the performance of small scale industries in Abia State. In doing this
the researcher went through and also made use of The primary sources. The
primary data were collected from the selected firms, by the means of questionnaire,
interview and observation. While the research was conceived so as to establish
why personal income tax is essential its development with the contest of Nigerian
economy especially in Abia State. Questionnaires were distributed to both the
top management and financial accounts departments of the selected firms in
order to ascertain their views on the effect of personal income tax as it
relates to their companies and also provide as much as I could solutions which
will help them to go about their tax. Statistical methods used in analyzing the
result of the information are the regression analysis, multiplies regression
method here also used to ascertain data base on the data analysis, the
hypothesis were tested and later concluded that personal income tax has no
positive effect on dividend. Policy and tax consideration have effect on PBT of
the small scale industries in Abia State. Finally, the key recommendation given
were that the forces of taxation are too large to ignore and the management
must recognize them giving particular attention to the options facing their
firms. That tax planning should be kept in proper perspective so that the goal
of minimizing taxes would be neither ignored nor allowed to conflict with the
primary goal of the firm and that the personal income tax in any form should be
viewed as a legal obligation rather than as a constraint to the business operations.
AGOCHUKWU, G (2021). Effect Of Income Tax On The Performance Of Small Scale Industries In Abia State. (A Study Of Some Selected Firms In Aba). Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-income-tax-on-the-performance-of-small-scale-industries-in-abia-state-a-study-of-some-selected-firms-in-aba-7-2
GODWIN, AGOCHUKWU. "Effect Of Income Tax On The Performance Of Small Scale Industries In Abia State. (A Study Of Some Selected Firms In Aba)" Mouau.afribary.org. Mouau.afribary.org, 22 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-income-tax-on-the-performance-of-small-scale-industries-in-abia-state-a-study-of-some-selected-firms-in-aba-7-2. Accessed 02 Nov. 2024.
GODWIN, AGOCHUKWU. "Effect Of Income Tax On The Performance Of Small Scale Industries In Abia State. (A Study Of Some Selected Firms In Aba)". Mouau.afribary.org, Mouau.afribary.org, 22 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-income-tax-on-the-performance-of-small-scale-industries-in-abia-state-a-study-of-some-selected-firms-in-aba-7-2 >.
GODWIN, AGOCHUKWU. "Effect Of Income Tax On The Performance Of Small Scale Industries In Abia State. (A Study Of Some Selected Firms In Aba)" Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-income-tax-on-the-performance-of-small-scale-industries-in-abia-state-a-study-of-some-selected-firms-in-aba-7-2