Quote:
Originally Posted by junior
Hi,
What system (software or other means) do you use in tracking individual member's contribution assuming there is no uniform monthly contribution?
The issue of tax is it applicable to investment clubs in Nigeria?
Thanks alot man.
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at present, we do not have a specific software for tracking individual contribution. However, it is part of our plan to develop online access to members to be able to check the progress of their account. Right now, individual contribution are recorded and at the time of profit/loss as well as expenses sharing, percentage is used to determine individual's status.
as for the tax, there tax charges at the point of buying and selling stocks, there are also bank charges, etc.