02/01/2026
🚨 The FIR new TAX is not about money entering your account—this is where many people will get it wrong…
Read this carefully, Tax is not about money entering your account…it’s about what that money actually is.
If you describe money wrongly, it may look like income, and you pay more tax.
If you describe it correctly, you only pay tax when required... and nothing extra.
Let me show you how you can use descriptions to minimize taxes legally
SIMPLE DESCRIPTIONS YOU CAN USE (LEGALLY)
1. Money that is NOT income (NO TAX)
Use these when the money is not payment for work or business.
Situation Description to use:
1. When a Family member sends you money, they should write ‘Gift / Ng’s upkeep / Family support, etc’
2. When a Friend pays you back your money, he or she should write: ‘Refund / Reimbursement’
3. When you move your own money to another account, write: ‘Personal transfer / my savings/ my monthly salary/ etc’.
4. When someone lends you money, he or she should write: "Loan to Nuebliss ( they should type in your name or company’s name). And when you are repaying the loan make sure you repay it to the same account you received the money and write repayment of loan from Nuebliss (mention the name that transferred to your account ).
5. If you put your own money into your business, write: "Capital contribution or deposit by director to pay for —( state what you want to use the money for)
Note: Ensure all descriptions used are true and accurate.
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