Services

Our accounting services cover a broad range of activities for clients of varying sizes and in diverse industries, whose needs and requirements might range from initializing a set of records for a new entity to providing a comprehensive review of accounting policies and procedures for a large multi-state client with multiple locations throughout the country. ACCOUNTING SERVICES FOR SMALL AND MEDIUM CLIENTS:

1. • Recording of transactions, invoicing customers and paying bills and processing payroll
2. • Preparation of general ledger and financial statements
3. • Bookkeeping (Monthly/Quarterly/Annually)
4. • Preparation of payroll tax returns and deposits
5. • Accounting system setup for new businesses
6. • Training of Account staff to prepare correct accounts that can produce reliable information
7. • Computerization of Accounting System

1. • Preparation of budgets and business plans
2. • Preparation of cash flow analyses and periodic reports
3. • Preparation of financial forecasts and projections
4. • Special project work to support cost reduction or profit enhancement objectives
5. • Preparation of reports to assist management in monitoring current business operations and identifying problem areas and opportunities
6. • Recovery of Bank overcharges and unauthorized Direct Debits: The firm offers service to recover bank overcharges and unauthorized direct debits because experience has shown that some banks use various techniques to side track the Bankers Tariff and Central Bank of Nigeria Monetary Guidelines to siphon customers’ funds.
7. • Preparation of Nigerian and Expatriate Payroll: Where your company has a large work force we can be contracted to prepare your payroll monthly in order to ensure confidentiality of your payroll details. Sensitive expatriate payroll can also be handled this way. We will handle all computations and remittances to individual bank accounts of your personnel and offshore remittances to expatriates.

Our firm’s tax practice provides clients with a complete range of tax services, incorporating sound, reflective business and financial advice. Our practice has three areas of focus:

1. • Consulting – Planning for future events
2. • Controversy – Dealing with government tax agencies
3. • Compliance – Tax return preparation and special concern.

TAX CONSULTING SERVICES:
1. • Minimization of current tax liability
2. • Financial transactions
3. • Next year’s tax liability and transactions
4. • Estimated tax payments
5. • Tax law changes
6. • Business valuations
7. • Business succession
8. • Long-term concerns

1. • Handling tax audits
2. • Notices and assessments
3. • Appealing the findings of a tax auditor
4. • Dealing with collection efforts by the government

1. • Annual income tax return preparation
2. • Payroll and other miscellaneous tax returns
3. • Risk assessment of tax return positions
4. • Advocacy role
5. • Confidence in quality of returns filed
6. • Resolution of technical issues
7. • Assessment of aggressive tax return positions
8. • Amended returns

This service involves auditing of your organization’s financial records in order to form an opinion on your company's financial report/statements for a given period. An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. The creditors, stockholders, private investors, and even Government need assurance that the Financial Statements accurately represent the true financial position of a company. However, your creditors, stockholders or private investors have different levels of risk tolerance, so we provide different levels of assurance to meet your needs.

IMPORTANCE OF AUDITED ACCOUNTS: The audited accounts so prepared and certified by us can be used for the following purposes:

1. • Filing of your mandatory yearly returns to the Federal Inland Revenue Services for assessment of Company and Education Taxes payable and obtaining of your company's Tax Clearance Certificate.
2. • Filing of your mandatory annual returns with the Corporate Affairs Commission.
3. • Submission to bank when applying for credit facilities/loans or overdrafts.
4. • Submission to major companies when applying for registration as contractors or pre-qualify to tender for major contracts.
5. • Submission to shareholders of your company at Annual General Meetings.

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Our firm understands the importance of financial records reporting. We utilize the latest reporting technology and will provide your organization with monthly, quarterly, and yearly reports on the financial status of your organization. Financial management consultancy services include the following:

1. • Cost control: Design and review of costing system
2. • Overhead cost reduction strategies
3. • Development and documentation of accounting services
4. • Business appraisals and feasibility studies
5. • Management information reporting and control
6. • Effective financial management training
7. • Strategic financial planning & control
8. • Budgeting and budgetary control
9. • Treasury management services

The firm offers secretarial services, regulatory compliance services such as assistance with the incorporation or registration of companies in Nigeria, filing of Corporate Documents and filing of Annual Returns with the CAC.

1. • Incorporation/Registration of Companies/Societies: We are available to prepare all documentation required for incorporation/registration of companies, business names and incorporated trustees such as clubs, churches, societies, etc... with the Corporate Affairs Commission. Such documents include Memorandum and Article of Association for companies and Constitution for clubs, societies, etc... We are registered by the Corporate Affairs Commission to file and process our clients' papers with the Corporate Affairs Commission.
2. • Filing Corporate Documents: We are registered to file and obtain certified true copies of corporate documents (such as form CO2 - Allotment of shares and changes, CO6 - Registered office and changes, CO7 - List of directors and changes) with the Corporate Affairs Commission.
3. • Filing of Annual Returns with the CAC: It is mandatory for every company to file annually its annual returns with the Corporate Affairs Commission. Failure to do so attracts an annual penalty. We are professionally competent to file your company's annual returns.
4. • Acting as your Company Secretary The Companies and Allied Matters Decree 1990 requires every incorporated company to have a Statutory Company Secretary to handle its corporate affairs matters such as arranging for and calling for Annual General Meetings, General Meetings, Board of Directors Meeting, handling of issuing/allotment of shares, share certificates, taking minutes of meetings, etc... Not every company can afford to have in its employment a chartered secretary. The alternative option is to have a firm such as ours as your Statutory Company Secretary

This area of service covers the whole lot of consultancy services we offer to prospective entrepreneurs and already established businesses that will enable them to take good business decisions, venture into new businesses and diversify their investment portfolio. This service also covers obtaining for your business various permits, licenses and registrations necessary for its operation in its field of operation. Some of these services are as follows:

1. • Preparation of Project Feasibility Study: In order to venture into a new business it is very necessary to carry out a study to determine the viability and profitability of such venture before investing in it. We have experts in this field to carry out such studies and come out with feasibility study on the project.
2. • Obtaining Expatriate Quota: Where a business requires employing expatriates (foreigners) for effective functioning of its operation, we can apply on its behalf to the Federal Ministry of Internal Affairs for expatriate quota or permission to employ the number of expatriates required. This permit also facilitates the expatriates so employed to remit home some of their earnings without difficulty.
3. • Approved Status and Approval to Incur Capital Expenditure: Where offshore funds are to be brought into Nigeria for investment in a business venture or capital equipment are to be brought in for set up of a business in Nigeria, approved status has to be applied for and obtained first. This permit will facilitate repatriation of the offshore funds or assets in future where the investors want to pull out from Nigeria. This also goes hand in hand with Approval to Incur Capital Expenditure, which is a permit given by the Federal Ministry of Industries before fixed Assets are acquired by any company. Without this permit, substantial investment in fixed assets could be refused capital allowance by the Federal Inland Revenue Service. Our firm is in a position to obtain these permits for investors.
4. • Directorate of Petroleum Resources (DPR) Permit This permit is given to oil service companies by the Department of Petroleum Resources before they can operate in the oil and gas industry. Without this permit such companies will not be patronized by the major oil companies. There are two types of permits. One is for specialist activities while the other is for less skilled activities. We offer advice on what type of permit to apply for and obtain the permit for our clients in the shortest possible time after preparing all the needed documentation.
5. • Registration as Contractors with Major Oil and Other Companies: The major oil companies such SPDC, AGIP, Exxon-Mobil, etc have in place rigorous conditions and documentation that have to be fulfilled before companies are registered as their contractors or suppliers. We have helped a lot of companies scale these hurdles and satisfy the requirements for registration.
6. • Pre-Qualification Documents: It is the practice these days for oil companies, government agencies and international organizations desirous of awarding contracts, to first call for pre-qualification documents from companies desirous of tendering before the actual tendering process. This is to ensure that the companies are technically qualified before they are allowed to submit their commercial tenders. We are in a position to prepare and package the numerous documents required for pre-qualification in order to ensure that your company is pre-qualified