Tax compliance and support services
- We support clients with tax advice and support on tax planning and tax compliance. Our compliance service is to prevent problems with the tax authority with the objective of minimising tax exposure of clients. In addition, we liaise with the tax authorities to resolve pending tax issues of clients.
- Computation and filing of tax returns (including personal income tax, companies’ income tax, hydrocarbon tax, withholding tax, value added tax, and capital gain tax)
- Transfer pricing compliance
- Conducting due diligence (including tax review)
- Transaction planning and structuring (including tax simulation and scenario analysis)
- Tax audit/investigation support and resolution
Accounting support
- We provide accounting support services to a wide range of clients (both local and foreign). We use accounting software in preparing financial reports using the information available to us from clients.
- Posting of transactions on accounting system like Sage, and QuickBooks.
- Bank reconciliations
- Preparation of financial statements in accordance with IFRS
- Liaison with statutory auditors, regulatory bodies and other third parties
- Financial forecast, cashflow & budget preparation
- Preparation of monthly management report.
Payroll Support
We ensure efficiency in the management of payroll processes, including calculations and remittance of statutory deductions to the relevant tax authority, statutory body or agency. In doing this, we ensure the confidentiality of the information of employees’ remuneration both within and outside the organisation.
- Collation of monthly payroll variables and preparation of monthly payrolls with statutory deductions like PAYE, pension, NHIS and NHF
- Remittance of PAYE tax to relevant tax authority
- Remittance of pensions to respective PFA
- Remittance of NHF and other deductions
- Advisory services on payroll structuring
- Assistance with employee pension registration
- NHF, ITF and other company registration
Business Support Services
- Processing of exemption certificate for custom duties
- Staff outsourcing
- Processing of pioneer status incentive
- Processing of certificate of acceptance of fixed assets
- Excess bank charges review & recovery
Highlights of Our Experience
- Providing tax management and support to one of the leading banks in Nigeria in respect of resolution of tax audit/ investigation matters in several states in Nigeria.
- Providing tax compliance (computation, review, filing and audit support) for several clients, including the Nigerian subsidiary of the world’s leading enterprise software company and a global leader in the consumer electronics business.
- Providing tax support services to various local and multinational companies in respect of tax audits being conducted by the Federal Inland Revenue Service (“FIRS”) and relevant State Board of Internal Revenue.
- Providing support to clients in the pursuit of refund of excess Withholding taxes (“WHT”) and Value Added Tax (“VAT”) from the FIRS.
- Advising and supporting clients in respect of the prosecution of tax appeal at the Tax Appeal Tribunal (“TAT”).
- Providing advice and support to clients on tax matters in relation to mergers and restructuring of their business operations and companies.
- Providing tax structuring/advisory services to various multinational companies either operating or intending to do business in Nigeria.
- Providing full accounting support services by maintaining all financial records of clients on a daily basis, including the preparation and presentation of monthly management accounts and annual financial statements.
- Providing abridged accounting services, such as Account receivables and payables services which entail detailing customers’ and vendors’ invoices and payments and ensure recording in the ledger, adequate reconciliation of receivables from customers and documenting the amount due, and tracking of payables, timelines for payment and initiating process for payment to vendors.
- Rendering support in relation to statutory audit processes, which involve liaising with the company’s auditors in respect of the company’s statutory audit, ensuring prompt provision of any documents that may be required by the statutory auditors and timely completion of the statutory audit and finalisation of audited accounts.
- Providing services in relation to preparation of budget(s), monitoring adherence to the budget(s) and analysing the variance between budget and actual, as well as justification for the variance (if any), and recommend appropriate action steps in respect of the noted variances.
- Providing payroll compliance services by structuring the client’s payroll to ensure tax efficiency, advising clients on tax implications of employee benefits with other activities relating to payroll and ensuring compliance with the deduction/ remittance of payroll taxes and other statutory obligations.
- Providing services to clients on bank reconciliation and excess bank charges refund.
- Providing financial and tax due diligence review services to clients.
- Providing services in relation to preparation of feasibility reports and business plans.
- Providing forensic investigation and related investigation services.
- Providing support on documentation in relation to business processes, policies and procedures (including developing accounting manual/policies, human resources/ staff handbook, enterprise risk management framework and internal control framework).