Impact of tax incentives on growth and development of small and medium scale enterprises - case study of Young JP Guest Inn Bali metropolis Department: Business Administration and Management By: SIRJOSEPH Project ID: 8528 Rating: (3.3) votes: 6Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThe study examined the impact of tax incentives on the growth and development of small and medium scale enterprises with reference to Young JP Guest Inn Bali Metropolis. Three research questions were formulated to guide the study, questionnaires were distributed to the staff, and interviews were used to extract information where the questionnaire could not perfectly clarify. Firstly, a 5-point rating scale was used to analyze the data. A number of findings were made, and it was discovered that small-scale businesses that benefited from tax incentives experienced an increase in their productive assets, capital investment and working capital formation. Also, Young JP Guest Inn has benefited from government tax incentives designed to support SMEs. The availability of government incentives has made it easier for SMEs to access capital for expansion. The tax incentives provided by the government are adequate to meet the needs of small and medium-scale businesses. Among the findings is the effect of the incentives on the employment level. These incentives influence positively the investment development that leads to diversification thus increasing the employment level. The researcher further discovered that government tax incentives encourage SMEs to expand their operations, leading to job creation. In view of these findings, the research recommends that Young JP Guest Inn should educate more on the objectives of the tax incentives scheme so that they will reconcile their personal objectives with those of the government. And when this is done, the full benefit of the incentive is achieved. These tax incentives should effectively be extended to private entrepreneurs. The accurate records/accounts of their financial activities should be properly kept for future tax purposes. Also government should devise a means of eliminating the incidence of double-taxation, hence this tends to weigh down the ability of private entrepreneurs. ...Preview Download Preview +Other Business Administration and Management project topics and materials you might be interested in»The Effect of Management Information System on Achievement of Organization Objectives ( A Case Study of Nitel Owerri )»The impact of production planning and control on a manufacturing process ( a case study of Nigeria bottling company aba, abia state)»The Impact of Staff Discipline in the Attainment of Organizational Objectives ( A Case Study of Selected Organizations in Owerri, Imo State )»The Effect of Motivation on Employees Productivity in Anambra State ( A Case Study of Education Commission Awka )»Marketing implication of merger and acquisition in banking industry - a case study of Access bank Plc, Bida branch, Niger state»The Impact of Performance Appraisal on Staff Productivity ( A Case Study of Diamond Bank Plc, Owerri )»The effect of irregular payment of workers salaries on productivity of workers in imo state (a case study of owerri municipal council)»The impact of welfare packages on employees performance (A case study of Nigeria breweries plc Aba)»A critical evaluation of leadership style and organization performance in the private sector ( a case study of selected establishment in abia state)»The Effects of Motivation on Workers Morale ( A Case Study of Power Holding Company of Nigeria, Aba )»Management Problems of Manufacturing Industries in Nigeria ( A Case Study of Nigeria Breweries Plc and Unilever Plc )»Motivation and Employee Performance in Public Sector ( A Case Study of NTA Channel 12 owerri)»An assessment of the impact of modern communication facilities on service delivery in business organization ( A case study of ICT based firms in aba, abia state)»The Impact of Delegation on Management Decision Making ( A Case Study of Zenith Bank Plc, Enugu )»The Role of Customer Service in the Service Delivery of Multinational Companies in Nigeria ( A Case Study of Unilever Nigeria Plc Aba)