Our Services
Operating in a dynamic and unpredictable environment where tax policies and laws are continually changing, poses a serious challenge to clients and investors over their tax obligations.
Our aim is to ensure and help our clients pay no more they have to and to render services that would meet the specific tax needs of our client; The features of our efforts often built on the following characteristics and we will achieve this through the rendering of quality services to clients in the following areas:
- Client satisfaction
- Value for money
- Customized service
- Prompt service delivery
Preparing tax computations and timing of relevant payment;
- Obtaining tax clearance certificate for clients
- Dealing with tax queries on clients’ behalf.
- Representing clients in respect of special investigation.
Representing clients at the Tax Appeal Tribunal
We can also undertake the preparation of a Tax Efficient Compensation Package. The package would guide the organization in designing the staff payroll structure that would minimize the staff tax liability and protect the organization from the harassment of the Tax Inspectors at the time they come for the Tax Audit inspection of the staff payroll. The package will involve analyzing the income of every staff and advising on the tax implication of the proposed salary structure.
We are emphasizing on the Tax Efficient Compensation package for your organization because during the tax audit exercise of the payroll records and other tax matters with the State Board of Internal Revenue officials, we should be able to synchronize the organization’s level of compliance with respect to PAYE provisions.
Under the Tax Efficient Compensation Package, we would restructure the payroll as to make it tax efficient with the provisions of the tax laws.
Our firm can bring about the registration and certification of your Company’s capital expenditure which gives your Company the due capital allowance or capital tax relief on income by providing the following services:
- Registration Services
- Documentation Services
- Co-ordination Services
- Physical Inspection Services
- Acceptance Certification Services
- General Advisory Services
The above services are very much relevant to your Company’s owned capital assets, leased-assets or capital incurred by your Company’s affiliates.
- We offer recruitment services to clients
- We train staff on behalf of clients.
- We offer advisory services on staff retainership etc.
We write system manuals for organisations, which help to manage and control the finances of the organisation. We also advise management on some specific corporate policy in form of policy manuals, which assists in building a culture for an organisation and corporate identity. Where the need arises, we prepare special reports for the owners of the business and management as regards the optimum finance mix for the organisation. We implement mergers and acquisitions, which involve advice and assistance in integrating personnel and accounting systems, so that profit improvement inherent in such developments could be achieved. We design an effective O and M system, budgetary control systems, management information system, plant register, chart of accounts and among other things in procedures for development of the procurement of goods and services including authorizations, implementations and control procedures.
We provide in-house and general training services to different categories of staff in different organization, among which are:
- Top Management and Chief Executive
- Financial and Non-Financial Executives
- Middle Management
- Business Entrepreneurs
- Marketing Managers and Executives
- Secretarial / Administrative Staff etc.
Our package on Personal Income Tax is not meant to evade tax, which is an offence, but a well-thought-out expert approach based on the Personal Income Tax Laws of the country to reduce the Incidence of Tax, which is not an offence.
The personal Income Tax 2011 as amended Act requires all employers with not less than (5) five employees to register with the tax authority for the operation of the PAYE Scheme.
Our services in this area are built around the individual’s particular circumstances and needs and backed by our own expertise in the field as well as our knowledge of the workings of the State Board of Internal Revenue department with respect to Personal Income Tax.
The “Personal Tax Advisory Package” include the following special features:
- The tax matters of any expatriate staff of the organization will be separately handled and their terminal Tax Clearance Certificate procured.
- Obtaining Tax Clearance Certificate for every member of staff at the beginning of every tax year.
- Obtaining Tax Deduction Cards and Maximum Free Pay Allowance for every member of staff including the expatriates.
- Assuring the organization to resolve tax audit queries from State Internal Revenue Board.
Our services in this area include:
- Advising the Company on all matters relating to VAT as it may affect any aspect of its operation.
- Advising the Company on the preparation of relevant documents for the monthly VAT returns.
- Attending interviews with officials of FIRS on behalf of the Company on VAT matters.
- Attending to tax queries raised by the Local VAT offices of the FIRS based on the Company’s VAT returning.
- Assisting in defending the Company’s VAT returning on occasion of VAT monitoring exercise and audits by VAT inspectors.
Our services in this area include:
- Advising the organization on all incomes that are subject to Withholding Tax and their rates.
- Maintaining the Withholding Tax Audit whenever the staffs of the Board of Internal Revenue and Inland Revenue Service come for audit.
- General service assisting and advising the organization on Withholding Tax matters.
- Advising the organization on laws relating to Withholding Tax in Nigeria.
We also render statutory audit services to both private and public organizations. We carry out the audit of the financial statements of client companies using internationally accepted auditing procedures. Our report includes the weaknesses noted in the internal control system of Client Companies, which we highlight in form of a management letter. We express our opinion as to true and fair view concept of the results of financial operations of the organization.
Advantages of continuous audit includes:
- Errors and fraud may be discovered more quickly during the financial year.
- The regular attendance of Audit staff on a continuous basis in your premise imposes a sound moral check as well as doing much to ensure that work is kept up to date, i.e. moral check in your staff will apply.
- It enables work to be carried out more thoroughly and in more details.
- Enables assessment of the system of internal control easier as audit staff will be on ground at all times. Continuous development of control policies will be enhanced and implementation easier.
- Regular conduct of compliance and substantive test (test of balances), where appropriate, as a way of obtaining audit evidence will be increased.
- Way of obtaining audit evidence will be increased.
- Filling of Annual Returns with CAC
- Registration of Business Names
- Incorporation of Limited Liability Company
- Change of Company’s name
- Change of Company’s Registered Address
- Change, Removal/Appointment of Directors
- Increase of Company’s’ Shares
Registration/Incorporation of Churches & NGO’s
- We conduct special investigation where required, on specific or general financial transactions to foster certain changes or improvements on existing situations.
- We also act as Receiver Managers to ensure that the loan repayment proposal discussed and agreed with appointing bank is adhered to, also factoring of debt through efficient debt recovery system.
- Where the shareholders or creditors have obtained a court order for the winding-up of a company, we carry out the winding-up process taking into cognizance the fiduciary duty of the liquidator.
- Our turn-around services include portfolios of the company with a view to identify areas for diversification and improvement as well as breaking new grounds in the business terrain.
We offer full Secretarial and Legal Services for limited liability companies and other organizations: The services rendered include:
- Computing and filling of Annual Returns with the Registrar of Companies
- Maintenance of all the statutory books and registers
- Assist in the incorporation of new companies
- Assist in physical organization and setting up of a company including staff recruitment and Head Hunt for filing top management position.
- Arranging Annual General and other meetings of the companies, preparation of minutes of Board of Directors and General Meeting.
- Attending to formalities involved in charges of Director Secretaries.
- Attending to and advise on statutory formalities
- Advise on contract agreements.
- Advise on financial implementation of business formation transaction.
Principal Activities
Audit/Accountancy Service
Forensic Investigations
Back Duty Investigations
Management/Consultancy Service
Tax Matters
Project Evaluation and Review
Marketing Research
Preparation of Cash Flow Projections
Feasibility Reports
Loan/Finance Evaluations
SOME SELECTED CLIENT'S PORTFOLIOS
– Class Technical Engineering Ltd.
– Admic Ventures Ltd.
– Jefking Global Resources Ltd
– Wide Range Electricals Ltd.
– Trumifin International Ltd.
– Woodline Int’l Services Ltd.
– Ideal-Excel Services Ltd.
– G. S. A. Associates Ltd.
– Tinachris Global Resources Ltd.
– Benson Idahosa Consultancy Services Ltd.
GOVERMENT INSTITUTION’S COOPERATIVE SOCIETY CLIENTS
– Akoko Edo Local Govt Staff Multipurpose Cooperative Society Ltd.
– Irrua Specialist Teaching Hospital Staff Multipurpose Cooperative Society Ltd.
– Post Primary Education Board Staff Multipurpose Cooperative Society Ltd.
– Benson Idahosa University Staff Multipurpose Cooperative Society Ltd.
– NAMMN Staff Multipurpose Cooperative Society Ltd.
FORENSIC AND BACK DUTY INVESTIGATION CLIENTS
– Ann Ventures
– A.G.S. Continental Concept Ltd.
– Christopher & Gladys Multiconcept Ltd
MARKETING RESEACH CLIENTS
– Eromon Technical Services Ltd
– Global Energy services Ltd
– Peso Oil & Gas Ltd
VAT AND PAYE CLIENTS
– Trustfund Microfinance Bank Ltd
– Class Technical Engineering Ltd
– Enginetech Ltd.