Tax Services

TAX ADVISORY AND COMPLIANCE SERVICE 

In today’s fast-changing economy, taxation serves as a significant revenue source for governments, derived from companies and individuals. The importance of managing tax obligations cannot be overstated, as compliance is essential for businesses to thrive amidst ever-evolving regulations. Taxation’s impact on taxpayers can sometimes feel burdensome, often triggered by non-compliance stemming from ignorance and a lack of understanding of the tax system. 

This is where professional tax advisers play a crucial role. They assist individuals and organizations in resolving tax issues and help build a positive tax reputation within the state or country of operation. 

At Ijewere & Co., we specialize in providing comprehensive tax compliance and advisory services tailored to the unique needs of individuals and businesses. Our experienced team of qualified tax professionals offers strategic guidance and thorough compliance solutions to navigate the complexities of taxation effectively. Whether you require proactive tax planning or assistance with regulatory compliance, we are committed to delivering personalized solutions that minimize tax liabilities while ensuring compliance with all applicable laws and regulations. 

TAX ADVISORY SERVICES 

As a licensed accounting firm and member of The Chartered Institute of Taxation of Nigeria, we work closely with clients to develop strategic tax plans aligned with their financial objectives and industry-specific requirements. Our services include: 

• Strategic Tax Planning: We collaborate with clients to develop tax-efficient strategies after analyzing current and projected financial data, optimizing deductions, credits, and tax-saving opportunities. 

• Transaction Support: Providing valuable insights during mergers, acquisitions, or restructuring to minimize tax implications and maximize financial benefits while ensuring compliance with tax laws. 

• International Taxation: Offering guidance on cross-border transactions, transfer pricing, and foreign tax credits to optimize global tax efficiency for businesses operating internationally. 

• Implications of Business Strategy Changes: Advising clients on tax implications resulting from changes in business strategies and plans. 

Our tax advisory services aim to empower clients with the knowledge and strategies needed to make informed financial decisions and achieve their business objectives while staying tax-efficient. 

TAX COMPLIANCE SERVICES 

It is a well-known fact that Ignorance is not an excuse for non-compliance, hence staying compliant with tax regulations is paramount for every individual and business. Our compliance services have been modified in such a way that we can meticulously handle tax preparation, filing, and reporting to ensure accuracy and timeliness. Our compliance services cover: 

• Registration of the Company with the Federal Inland Revenue Service (FIRS) 

• Processing and obtaining of Tax Clearance Certificate (TCC) on behalf of the company and its employees 

• Registering the Company and its employees with the relevant State Internal Revenue Service, National Social Insurance Trust Fund (NSITF), National Housing Fund (NHF), Pension Schemes and Industrial Training Fund (ITF). 

• Processing of Certificate of Acceptance of Fixed Assets (CAFA); 

• Preparation and filing of the Company’s annual income tax returns with the FIRS 

• Assisting in filing annual transfer pricing returns, Documentation and Audit 

• Monthly Value Added Tax Routine Services: Preparing and filing of the Company’s monthly VAT returns with the relevant local VAT office 

• Monthly Withholding Tax Routine Services 

• Liaising with the Revenue to resolve queries and issues relating to all tax issues, (if any) 

• Monthly PAYE Routine Services and Computation of employee tax (PAYE)  

• Representing the Company at tax audits conducted by FIRS and State Internal Revenue Service and resolving issues that may arise therefrom 

We understand that navigating the tax landscape can be challenging, especially for businesses with diverse operations and compliance requirements. Our comprehensive approach to tax compliance ensures that our clients meet all regulatory obligations while minimizing risks and optimizing tax efficiency. 

Why Choose IJEWERE & CO? 

• Expertise: Our team comprises seasoned tax professionals with in-depth knowledge of Nigerian tax laws and regulations. 

• Personalized Service: We take the time to understand each client’s unique circumstances and tailor our services accordingly. 

• Commitment to Compliance: We prioritize accuracy and timeliness in tax filings and compliance, reducing the risk of penalties or induced tax investigation; 

• Transparent Communication: We inform our clients about changes in tax laws and regulations that may affect their businesses.