Taxation Services
Navigating the complexities of tax legislation can be challenging. Our Tax Services are designed to ensure compliance with all tax laws while optimizing your tax liabilities through strategic planning and expert advice.
Our Taxation Services Include:
01. Corporate Taxation
We manage all aspects of your corporate tax obligations, ensuring compliance and minimizing tax liabilities.
- Tax Returns and Computations: Preparing and filing corporation tax returns accurately and on time.
- Business Structure Advice: Advising on the most effective business structures to optimize tax efficiency.
- Tax Clearance Certificate Processing: Handling the procurement of Tax Clearance Certificates required for various business transactions.
- Statutory Tax Deductions Management: Ensuring all statutory tax deductions at source are correctly accounted for and remitted.
02. Personal Income Tax
Our Personal Income Tax services cater to individuals and organizations, ensuring accurate tax management and compliance.
- PAYE Tax Management: Continuous inspection and advisory services on PAYE tax records to ensure compliance and accuracy.
- Registration Assistance: Procuring necessary registration papers from state tax authorities.
- Payroll Management: Setting up and managing payroll systems to ensure accurate tax deductions and compliance with state tax laws.
- Tax Documentation: Handling tax relief cards, staff tax documentation, and liaising with tax authorities for tax audit inspections.
- Self-Assessment Tax Returns: Preparing and computing tax liabilities for self-assessment returns.
- Tax Advisory: Providing tax advice on retirement planning, investments, capital gains, and capital transfers.
- Payroll Preparation: Preparing monthly payroll for local and expatriate staff, ensuring accurate tax deductions and net payroll calculations.
03. Value Added Tax (VAT)
We help businesses navigate the complexities of VAT legislation, ensuring compliance and optimizing VAT processes.
- VAT Deductions and Filings: Remitting and filing VAT deductions on a monthly basis.
- VAT Inspection Clearance: Processing annual VAT inspection clearance certificates.
- Tax Record Inspections: Conducting continuous inspections of tax records to identify and rectify errors related to VAT.
- Authority Liaison: Managing interactions with the Federal Inland Revenue Service (VAT Division) and responding to VAT audit queries.
04. Withholding Taxes
We ensure proper deduction and timely remittance of withholding taxes, maintaining compliance with legal requirements.
- Deduction and Remittance: Managing the deduction and remittance of withholding taxes as per legal requirements.
- Tax Audit Support: Attending to tax auditors from Federal and State Internal Revenue Services regarding withholding taxes.
- Error Correction: Inspecting tax records for withholding tax-related errors and advising on necessary corrections.
- Documentation Management: Filing necessary returns and procuring withholding tax credit certificates regularly.
05. Petroleum Profit Taxation
We assist businesses in complying with Petroleum Profit Tax regulations, ensuring accurate tax filings and procurement of necessary permits.
- Tax Returns Filing: Submitting annual tax returns in compliance with Petroleum Profit Tax laws.
- Tax Clearance Certificates: Procuring Tax Clearance Certificates required for various business transactions.
- DPR Permit Processing: Handling the processing of annual DPR permits.
- Statutory Tax Deductions Management: Managing all statutory tax deductions at source related to petroleum profit.
06. Education Levy
We compute and file Education Levy alongside your annual tax returns, ensuring compliance with legal requirements.
- Computation and Filing: Calculating and submitting Education Levy as required by law.
- Compliance Assurance: Ensuring that all Education Levy obligations are met accurately and on time.
07. Tax Certification
We facilitate the procurement of Tax Clearance Certificates (TCC), essential for various business transactions and compliance requirements.
- TCC Preparation: Preparing and submitting annual tax returns to ensure timely issuance of TCC.
- Burden Reduction: Assisting clients in overcoming the complexities associated with obtaining TCCs.
- Timely Availability: Ensuring that TCCs are ready early each year for business transactions.
08. Tax Auditing Services
We provide comprehensive tax auditing services to ensure compliance with tax laws and optimize tax liabilities for both individuals and businesses.
- Revenue Generation Services: Conducting audits and inspections on various tax types, including Personal Income Tax, PAYE, Company Income Tax, Withholding Tax, VAT, and more.
- Tax Monitoring and Investigations: Performing detailed investigations and tax monitoring (TAMA) inspections to ensure compliance with federal, state, and local tax laws.
- Client Assistance and Advisory: Assisting taxpayers in auditing their records to determine tax liabilities and providing advisory services on compliance.