ExplicitPro is a licensed accounting firm that specializes in providing quality services to clients in various economic sector.
T +2348025015970, +2348132870703
Email: info@explicitpro.com
Explict Pro Consultants Ltd
14, Bola Ajibola Street, behind Ikeja Local Government Secretariat, off Ogundana street, Allen Avenue, Ikeja, Lagos.
5/5
Tax Management
CORPORATE TAX COMPLIANCE SERVICES
The corporate tax compliance services relate to the annual tax computation and filing of tax returns with the Internal Revenue Service. The scope of this service includes:
• Computation of Tax Liability for inclusion into the audited accounts
• Preparation and filing of annual tax returns
• Liaison with the Federal Internal Revenue Services
• Processing withholding tax credit
• Responding to tax queries arising from desk examination of submitted returns
• Obtaining annual tax clearance certificate.
STRATEGIC TAX PLANNING
Strategic Tax Planning Service involves the structuring of business activities in such a way to minimize the overall corporate tax burden. It also involves the provision of advice on how best to handle any business decision in most tax efficient way. On request, we do provide general tax planning services to organizations with the aim of minimizing its tax exposure and ensuring that full advantage is taken of all appropriate and relevant incentives and capital allowance claims. If agreed, we would hold a tax planning meeting with your management well before the financial year end begins to discuss and agree on specific tax planning measures that may be of advantage to the organization for that tax year.
PERSONAL INCOME TAX SERVICES
Regarding the above, our work will comprise the following:
• Compiling from the information supplied in respect of each employee, the monthly payroll showing the basic salary, the allowances, the gross pay, the tax due, the statutory deductions, and the net amount payable.
• Collecting income tax form (form A) from the tax office on behalf of your employees
• Assisting in completion of the income tax forms (form A) and e-tcc forms;
• Agreeing on an annual basis, each employee’s free pay allowances with the State Board of Internal Revenue;
• Compiling the returns of PAYE taxes payable to the State’s Board of Internal Revenue;
• Filing end of year returns with the State Board of Internal Revenue;
• Obtaining, as at when due, Tax Clearance Certificate for each employee