Introduction Tax planning and management refers to the processes and schemes by which taxpayers arrange their affairs and businesses in such manner as to attract the lowest possible tax rates under applicable tax laws.  It is the art of limiting the amount of tax payable without breaking the law. It involves optimization of marginal tax

High net-worth individuals (HNIs) and business owners set up structures that they hope will ensure their assets and investments are held efficiently to guarantee optimal returns and wealth preservation/ succession. A popular structure generally adopted for this purpose is Private Trust Arrangement. A Private Trust may be set up locally or offshore to warehouse investments

Startup businesses all over the world are experiencing a boom in various industries ranging from manufacturing, transportation, hospitality and even the financial industry. In Nigeria, there has been significant increase in small businesses. It is also important to note that small businesses make up a very large portion of the Nigerian economy. Startups have influenced